IRS Announces Tax Relief for Hurricane Sally Victims

Good Morning, The IRS has announced that victims of Hurricane Sally now have until January 15, 2021, to file various individual and business returns and make tax payments. Individuals and households who reside or have a business in Baldwin, Escambia, and Mobile Counties in Alabama will qualify for this relief. Any localities subsequently added to the disaster declaration will also receive the same relief. The declaration includes deadlines falling on or after September 14, 2020, and before January 15, 2021, and includes individual and business tax filers that had valid extensions until October 15, 2020, to file their 2019 returns. ...

Due to Hurricane Sally Personal Casualty Losses of Individuals are Potentially Deductible

Good Morning, We sure hope you and your family weathered Hurricane Sally with minimal damage to your property and that you remain safe from any physical harm during this recovery phase. With the extent of damage sustained in our area, many of you may have questions about losses incurred on your property due to the storm. Personal casualty losses of individuals are potentially deductible if attributable to a federally declared disaster. FEMA has announced that due to Hurricane Sally, a major disaster exists in Baldwin, Escambia, and Mobile counties in Alabama. Counties in Florida have not yet been declared. For ...

RTBH is Hiring: Experienced Accountants Please Apply

We are actively seeking an experienced accountant for a permanent full-time position, and we would like to hear from you.  Below please find our job description.  Email us at info@rtbh.com to send your resume and to apply. Responsibilities and Opportunities: Preparation and review tax returns Participate in compilation, review and audit engagements Financial statement preparation Assist with special projects and consulting engagements Exposure to a wide variety of businesses and organizations across many industries Opportunity to work closely with Managers and Partners along with Clients Minimal travel, if any Advancement is available based on performance Minimum Requirements: Bachelor’s degree CPA ...

Payroll Tax Deferral – Additional Guidance Needed

Good Afternoon, Recently, President Trump issued a Memorandum (click here) for the Secretary of the Treasury ordering a deferral of payroll tax obligations in light of the ongoing COVID-19 Disaster. The Memorandum calls for a deferral of an employee’s share of Social Security taxes (6.2% of wages up to $137,700) on wages below $4,000 per biweekly payroll (the annual equivalent of $104,000). The deferral does not apply to the employee’s share of Medicare taxes (1.45% of wages), Additional Medicare taxes (0.9% of wages over certain thresholds), Income tax withholdings, nor does it apply to the employer’s matching Payroll taxes. The deferral will be ...

RTBH Promotes Morgan McDaniel, CPA to Senior Accountant

The Partners of RTBH are pleased to announce the promotion of Morgan McDaniel, CPA to Senior Accountant. Morgan is a 2017 graduate of the University of South Alabama. She holds a Bachelor of Science in Business Administration with a concentration in accounting. While she has a wide range of practice areas including both tax and audit work, Morgan’s unique focuses include insurance companies and physicians groups. View Bio