Resources & Insights


Hancock Askew & Co. is honored as a 2022 Atlanta’s Best and Brightest Companies to Work For®

Atlanta, GA (May 6, 2022) – Hancock Askew & Co. LLP (Hancock Askew) proudly announces it is a 2022 winner of Atlanta’s Best and Brightest Companies to Work For® by the National Association for Business Resources (NABR). The firm has won this recognition for...

Tax issues to assess when converting from a C corporation to an S corporation

Operating as an S corporation may help reduce federal employment taxes for small businesses in the right circumstances. Although S corporations may provide tax advantages over...

Thinking about converting your home into a rental property?

In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If you’re thinking of doing this, you’re...

The tax rules of renting out a vacation property

Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out...

State pass-through entity tax elections: weighing the pros and cons

More than 20 states now allow pass-through entities (PTEs) to elect to be taxed at the entity level to help their residents avoid the $10,000 limit on federal itemized deductions for state and local taxes, also known as the “SALT cap.” For PTEs electing...

Tax breaks for businesses and self-employed taxpayers

As the 2021 tax filing season progresses, small businesses and self-employed taxpayers should make certain they are taking advantage of all of the tax deductions and...

ForumPay Expands Crypto Payments To The US Accounting Industry with Hancock Askew

ForumPay, the global cryptocurrency payments technology provider is partnering with Hancock Askew & Co. LLP to enable clients of the crypto friendly accounting firm to pay...

New reporting requirements for 2021 Partnership and S Corporation returns

Beginning with the 2021 tax year, certain partnerships and S corporations must use Schedules K-2 and K-3 to report items of international tax relevance to their...

Mandatory capitalization of R&E expenses – Will the new rules impact your business?

Businesses that invest in research and development, particularly those in the technology industry, should be aware of a major change to the tax treatment of research and experimental...

Establish a tax-favored retirement plan

If your business doesn’t already have a retirement plan, now might be a good time to take the plunge. Current retirement plan rules allow for significant...

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