What are the opening hours?

Monday 9am - 6pm Tuesday 9am - 6pm Wednesday 9am - 6pm Thursday 9am - 6pm Friday 9am - 6pm

https://www.facebook.com/496078226928984/

NYW Accounting Services, 2700 N Berkeley Lake Road, STE 200, Duluth, GA (2026)

09/16/2025

💡 TAX TIP TUESDAY: OBBBA on Business Activities Part II
Today’s focus: Research & Experimental (R&E) Expenditures.

🧪 Immediate Deductibility Restored

OBBBA permanently reinstates full deductibility of domestic R&E expenditures for tax years beginning after December 31, 2024.

Foreign R&E expenditures remain amortizable over 15 years.

⚖️ Optional Amortization Election

Taxpayers may elect to capitalize and amortize post-2024 domestic R&E expenses:
➔ Over 60 months, starting when benefits are realized, OR
➔ Over 10 years, beginning with the year of the expenditure.

📅 Elective Transition Rules

Retroactive Election for Small Businesses:
➔ Certain businesses with average annual gross receipts ≤ $31M (under Code Sec. 448(c)) may apply the new rules retroactively to 2022–2024 by filing amended returns.
➔ Election deadline: July 4, 2026.

Relief for Previously Capitalized Costs:
➔ For domestic R&E costs capitalized between 2022–2024, taxpayers may elect to deduct remaining balances either:

All at once in 2025, OR

Ratably over two years (2026–2027).

✅ Takeaway: OBBBA makes R&E investment more attractive by restoring immediate deductibility, while offering flexible transition rules to help businesses adapt.

📍 Based in Duluth, GA, we’re here to help you:

➔ Maximize your R&E deductions
➔ Take advantage of retroactive elections
➔ Plan proactively for compliance and savings

📞 Phone: (404) 599-6126
✉ Email: [email protected]

09/10/2025

💡 TAX TIP TUESDAY : OBBBA on Business Activities Part I

On July 4, 2025, President Trump signed into law the One Big Beautiful Bill (OBBBA), ushering in significant changes to the federal income tax treatment of trade or business activities. Here are some key highlights for business taxpayers:

🏢 Qualified Business Income (QBI) Deduction
- Made Permanent: The 20% QBI deduction under Section 199A (originally from the 2017 TCJA) is now permanent.
- New Minimum Deduction: A $400 annual minimum deduction (indexed for inflation) applies to noncorporate taxpayers with more than $1,000 in QBI from businesses in which they materially participate.
-Expanded Phase-In Ranges:
- Single filers: Phase-in range extended from $50,000 → $75,000.
- Joint filers: Phase-in range extended from $100,000 → $150,000.

🛠️ Bonus Depreciation
- 100% Expensing Made Permanent: Businesses may claim full bonus depreciation for qualified property acquired after January 19, 2025.
- Anti-Avoidance Rule: Property acquired under binding contracts entered into before January 20, 2025 does not qualify.
- Special Rules Apply: Longer production property, self-constructed property, and certain plants have unique treatment.

✅ Takeaway: OBBBA locks in the QBI deduction and extends full bonus depreciation, providing greater long-term certainty for business taxpayers.

📍 Based in Duluth, GA, we're here to help you:
➔ Maximize your deductions
➔ Stay IRS-compliant
➔ Plan smarter for tax season

📞 Phone: (404) 599-6126
✉ Email: [email protected]

09/03/2025

💡 TAX TIP TUESDAY: Big Changes Ahead for Education & Family Savings

The OBBBA bill is shaking up how families can save for education and their children’s futures. Here’s what you need to know:

🎓 Expanded Section 529 Accounts
529 plans have long been a favorite way to save for education thanks to tax-free growth and withdrawals for qualified expenses. Under OBBBA:

- K–12 flexibility: You can now use funds for private or religious elementary and secondary school costs.
- Broader higher ed uses: Tax-free withdrawals extend to “qualified postsecondary credentialing expenses”—similar to what the Lifetime Learning Credit covers.

This gives families more freedom to use their 529 savings across different stages of education.

📉 Pease Limitations Stay Repealed
Quick refresher: The Pease limitations used to reduce certain itemized deductions (like medical expenses and charitable giving) for high earners. These were already eliminated under the Tax Cuts & Jobs Act, and OBBBA keeps them gone—good news for taxpayers with higher AGIs.

🍼 Introducing “Trump Accounts” for Children

Starting in 2025, children born through 2028 will automatically receive a $1,000 deposit from the U.S. Treasury in a brand-new savings vehicle. Key features:

- Parents can contribute up to $5,000 per year (after-tax) until the child turns 18.
- Employers may chip in up to $2,500, but total contributions can’t exceed the $5,000 annual cap.
- Investments will be in low-cost index-tracking funds.
- At age 18, funds transition into an account that follows traditional IRA rules under Section 408.

The Treasury Secretary even suggested these could be a “backdoor to privatizing Social Security”—a bold new direction for savings policy.

✅ Takeaway: Families now have more options to save for education and future security. Whether you’re planning for college, credentialing programs, or your child’s long-term financial future, these changes could provide powerful tax-advantaged opportunities.

📍 Based in Duluth, GA, we're here to help you:

➔ Maximize your deductions
➔ Stay IRS-compliant
➔ Plan smarter for tax season

📞 Phone: (404) 599-6126
📧 Email: [email protected]

✨ Follow us for tax tips that keep your finances sharp all year round!

08/29/2025

💡 税务快讯：SALT扣除限额提升 & 能源税收优惠倒计时

重要税法更新！2025年7月通过的（OBBBA）对SALT扣除上限及多项EV能源税收优惠政策作出重要调整。以下是您需要掌握的关键信息：

📈 SALT扣除限额调整要点
• 扣除上限永久提高至$40,000（原限额为$10,000）
• 新限额将在以下收入水平开始逐步递减：
-单身纳税人：MAGI $250,000
-联合申报纳税人：MAGI $500,000
• 超过上述门槛后，扣除额将按每超过$10收入减少$3的比例递减，最终高收入群体的扣除限额将回归$10,000
• 对部分纳税人而言，选择通过实体税（PTET）的优势可能相对减弱

此项调整将为高税率州的中等及中高收入群体带来显著利好，但对最高收入群体的优惠有限。

⚡ 能源税收优惠到期时间表以下热门税收抵免期限提前截止：【2025年到期】
• 节能家居改进抵免：12月31日
• 住宅清洁能源抵免：12月31日
• 新/二手清洁车辆抵免：9月30日
【2026年到期】
• 替代燃料加注设备抵免：6月30日
• 新节能住宅抵免：6月30日

📝 重要注意事项针对车辆税收抵免，"购买"的定义为：在截止日期前签署具有法律约束力的书面合同并完成付款（含首付款或车辆置换款）。

⚠️ 特别提醒：必须在车辆投入使用时（即实际交付时）方可申报税收抵免。若在2025年9月30日前签约付款，但在此日期后提车，将无法申请$7,500电动车税收抵免。

🎯 规划建议如果您正在考虑： • 购买电动汽车 • 进行节能家居改造 • 安装清洁能源设备请务必关注这些新的截止日期，及时行动以确保享受税收优惠。

📍 NYW Accounting 服务优势 ➤ 税收扣除最大化优化 ➤ 全面IRS合规保障 ➤ 报税季智能规划服务

📞 立即咨询：(404) 599-6126
📧 邮箱：[email protected]
🌐 关注我，获取全年财务规划快讯！

08/26/2025

💡 TAX TIP TUESDAY: SALT Deduction Changes & Expiring Clean Energy Credits

Big tax law update! The One Big Beautiful Bill Act (OBBBA), passed in July 2025, makes significant changes to the SALT deduction cap and several clean energy tax incentives. Here’s what you need to know:

🔹 SALT Deduction Cap Changes

-The SALT cap is now permanently set at $40,000, up from the old $10,000 limit.

-The higher cap begins to phase out at:

-$250,000 MAGI for single filers

-$500,000 MAGI for joint filers

-Above these thresholds, the deduction phases down by 30%, eventually returning to the $10,000 cap for the highest earners.

-Pass-through entity tax (PTET), the relative benefit of these PTET elections may decline for some taxpayers.

This is a big win for middle- and upper-middle-income taxpayers in high-tax states, but the benefit is limited for top earners.

🔹 Expiring Clean Energy Incentives

OBBBA accelerates the end dates for several popular credits and deductions:

-Energy Efficient Home Improvement Credit: Ends 12/31/2025

-Residential Clean Energy Credit: Ends 12/31/2025

-Previously Owned Clean Vehicles Credit: Ends 9/30/2025

-New Clean Vehicle Credit: Ends 9/30/2025

-Alternative Fuel Vehicle Refueling Property Credit: Ends 6/30/2026

-New Energy Efficient Home Credit: Ends 6/30/2026

🔹 What Counts as “Acquired”?

For vehicle credits, “acquired” means having a binding written contract and payment (even a downpayment or trade-in) before the deadline.

⚠️ But here’s the catch: you can only claim the credit once the vehicle is placed in service (when you take possession). If you have a contract and payment before 9/30/2025 but don’t take delivery until after, you cannot claim the $7,500 EV credit.

✅ Planning Tip: If you’re considering energy-efficient home improvements or buying an EV, pay close attention to these new deadlines so you don’t miss out on valuable tax credits.

📍 Based in Duluth, GA, we're here to help you:
➔ Maximize your deductions
➔ Stay IRS-compliant
➔ Plan smarter for tax season

✨ Follow us every Tuesday for tax tips that keep your finances sharp all year round!

📞 Phone: (404) 599-6126
📧 Email: [email protected]

08/22/2025

💡 税务新政：汽车贷款利息与老年人专属税收优惠

得益于OBBBA，美国纳税人和老年群体将从2025纳税年度起享受两项新税收减免：

🚗 汽车贷款利息抵税

2025年购置新车、卡车或摩托车可享受贷款利息税收优惠！

📋 核心条款：

✅ 有效期：2025-2028纳税年度

✅ 年度最高抵免额：10,000美元

✅ 适用标准扣除与逐项扣除两种方式

❌ 不适用于租赁车辆或二手车

🎯 申请条件：

• 贷款发放日期需在2024年12月31日后

• 车辆仅限个人用途

• 须为新车且办理抵押贷款

• 必须在美国完成最终组装（可通过NHTSA.gov的VIN解码器查验）

• 收入限制：单身≥100,000美元/夫妻联合申报≥200,000美元（超额部分逐步取消优惠）

👉 重要提示：申报时需提供车辆识别码（VIN）

👵 老年人专项扣除

年满65周岁及以上纳税人享受额外税收优惠！

⭐ 新政亮点：

✅ 每人额外扣除6,000美元

✅ 符合条件的夫妻双方合计可扣除12,000美元

✅ 适用标准扣除与逐项扣除两种方式

❌ 收入限制：单身≥75,000美元/夫妻联合申报≥150,000美元（超额部分逐步取消）

📝 基本要求：

• 纳税年度末已年满65周岁

• 已婚纳税人须联合申报

• 申报时需提供社会安全号码（SSN）

📌 IRS特别说明：

贷款机构将出具利息支付凭证（1099-INT表）。2025纳税年度将设置过渡期简化申报流程。

✨ 政策解读：

• 2025年购新车 → 享受贷款利息税优

• 年满65周岁 → 在现有扣除基础上叠加优惠

• 两项新政预计可为纳税人节省数千美元税款！

📞 咨询电话：(404) 599-6126

✉ 邮箱：[email protected]

08/19/2025

💡 TAX TIP TUESDAY: New Deductions for Car Loans & Seniors
Thanks to the One Big Beautiful Bill Act (Public Law 119-21, signed July 4, 2025), working Americans and seniors can take advantage of new tax deductions starting with the 2025 tax year. Here’s what you need to know:

🚗 No Tax on Car Loan Interest
If you’re planning to buy a new car, truck, or motorcycle in 2025, you may be able to deduct the interest on your loan!

Key details:
✅ Deduction applies 2025–2028.
✅ Maximum annual deduction: $10,000.
✅ Available whether you itemize or take the standard deduction.
❌ Does not apply to leases or used vehicles.

Eligibility rules:
Loan must be originated after Dec 31, 2024.
Vehicle must be for personal use only.
Vehicle must be new and secured by a lien.
Vehicle must have final assembly in the U.S. (Check the sticker on the dealer lot or use the VIN Decoder at NHTSA.gov).
Deduction phases out if income is over $100,000 single / $200,000 joint.
👉 Remember: You must include the VIN on your tax return to claim this deduction.

👵 Deduction for Seniors
If you’re 65 or older, you get an extra break!
Here’s what’s new:
✅ Additional deduction of $6,000 per eligible person.
✅ Married couples where both spouses qualify can claim $12,000.
✅ Applies whether you itemize or not.
❌ Phases out if income exceeds $75,000 single / $150,000 joint.

Requirements:
You must turn 65 by the end of the tax year.
Must file jointly if married to claim.
Must include your Social Security Number on the return.

📌 IRS Guidance: Lenders will issue reporting forms for interest paid. For 2025, the IRS will offer transition relief to help ease the process.

✨ Bottom line:
Buying a new car in 2025? You may deduct the interest on your loan.
Turning 65? You’ll get a bigger deduction on top of what you already receive.
These changes could add up to thousands in tax savings for working Americans and seniors alike!

📞 Phone: (404) 599-6126
✉ Email: [email protected]

08/14/2025

📢 税务快讯：小费与加班费抵税新规来了！

得益于《OBBBA税法》（2025-2028年生效），美国纳税人现可享受两项重要税收优惠：

✅ 小费收入抵免
• 符合条件的小费收入最高可抵免25,000美元（需向国税局申报）
• 适用于国税局公布的"常规收取小费"职业清单（2025年10月发布）
• 无论选择标准扣除还是逐项扣除均可享受
• 收入限制：单身150,000美元/联合申报300,000美元

✅ 加班费抵免
• 可抵免加班工资的额外50%部分（即1.5倍工资中超出正常时薪的部分）
• 抵免上限：单身12,500美元/联合申报25,000美元
• 收入限制与小费抵免相同
• 适用于所有申报方式

📌 重要提示：
• 已婚人士必须选择联合申报

📍 位于乔治亚州Duluth的NYW会计事务所为您提供：
➔ 最大化税收优惠
➔ 确保税务合规
➔ 智能税务规划

✨ 每周获取实用财税快讯，助您财务更健康！
📞 咨询电话： (404) 599-6126
📧 电子邮箱：[email protected]

08/12/2025

📢 TAX TIP TUESDAY: New Deductions for Tips & Overtime Pay!

Thanks to the One Big Beautiful Bill Act (effective 2025–2028), working Americans can now save more on taxes with two big changes:

✅ No Tax on Tips

Deduct up to $25,000 in qualified tips you report to the IRS.

Applies to jobs the IRS lists as “customarily receiving tips” (list coming Oct 2025).

Available whether you itemize or not.

Income limits: $150,000 single / $300,000 joint filers.

✅ No Tax on Overtime

Deduct the extra pay from overtime (the “half” in time-and-a-half).

Up to $12,500 single / $25,000 joint filers.

Same income limits as tips deduction.

Available to both itemizers and standard deduction filers.

📌 Remember:

Must file jointly if married.

Your Social Security Number must be on your return.

💡 These deductions mean more of your hard-earned money stays in your pocket!

📍 Based in Duluth, GA, we're here to help you:
➔ Maximize your deductions
➔ Stay IRS-compliant
➔ Plan smarter for tax season

✨ Follow us every Tuesday for tax tips that keep your finances sharp all year round!

📞 Phone: (404) 599-6126
📧 Email: [email protected]

08/08/2025

📣 税务快讯：
川普税改新政：慈善捐赠最高可抵税2000美元！✨
—由乔治亚州Duluth地区值得信赖的财税专家NYW会计服务为您解读
✅ 重要提示：
自2026年起，即使您选择标准扣除额，仍可享受慈善捐赠抵税优惠！
➜ 个人最高抵免额：1,000美元
➜ 夫妻联合申报最高抵免额：2,000美元
➜ 无需分项扣除—只需妥善保存捐赠凭证即可！

📍 我们在Duluth市中心为您提供全方位财税服务：
➜ 税务优惠最大化
➜ 100%符合IRS规范
➜ 报税季智能规划方案
📬关注我们获取全年财税优化建议！
📞 咨询热线: (404) 599-6126
📧 联系邮箱: [email protected]

08/07/2025

Trump’s New Tax Break: Claim Up to $2,000 for Charitable Donations—Here’s How to Get It

A major win for taxpayers: The newly signed “Big and Beautiful Act” - a sweeping, multi-trillion-dollar tax reform spearheaded by President Donald Trump, introduces a powerful new benefit. Starting in 2026, millions of Americans will be able to deduct up to $2,000 in charitable donations, even if they take the standard deduction.

Here is how to maximize this benefit:

A Game-Changer for 90% of Taxpayers

Under current U.S. tax law, individuals must choose between itemized deductions and the standard deduction, with most people—about 90%, according to the latest IRS data—choosing the latter for its simplicity. But until now, that meant no deduction for charitable giving unless you itemized.

That changes in 2026.

Under the new rule:

- Single filers can deduct up to $1,000

- Married couples filing jointly can deduct up to $2,000

- Cash donations only

- Made to qualifying organizations (501(c)(3) organizations)

- Made after January 1st, 2026, and before December 31st, 2028

This marks a significant expansion from a temporary pandemic-era measure that allowed a $300 deduction for singles and $600 for couples. At the time, over 48 million taxpayers took advantage of the Temporary Suspension of limits on charitable contributions.

When to Donate: Timing Is Everything

Holding off on year-end donations in 2025 if possible. Why? If you donate in January 2026 instead, your gift could qualify under the new rules, unlocking real savings.

Of course, donation timing should always align with your broader financial and philanthropic goals—but for tax purposes, January 2026 may be smarter than December 2025.

Don't Lose Your Deduction—Keep Proper Documentation

The IRS will not accept your words alone. To claim the deduction:

- Always keep a receipt (donation acknowledgment)

- The documentation must clearly show:

* The charity’s name

* Date and amount of donation

For single donations of $250 or more, the IRS also requires a Contemporaneous Written Acknowledgement (CWA). This letter must:

- Be obtained before you file your return or before the tax deadline (including extensions)

- Include confirmation of the donation amount and whether you received any goods or services in return

If you're audited and don’t have this letter, the IRS will disallow your deduction—no exceptions.

Bottom Line

Trump’s new charitable deduction gives everyday taxpayers a long-awaited benefit—and a compelling incentive to give. With the right timing and documentation, you can support causes you care about and reduce your tax bill at the same time.

Follow our page to stay updated with the latest insights and news on taxes.

08/05/2025

Get a Fresh Tax Tip Every Tuesday!

Follow our page to stay updated with the latest insights and news on taxes.

NYW Accounting Services

09/16/2025

09/10/2025

09/03/2025

08/29/2025

08/26/2025

08/22/2025

08/19/2025

08/14/2025

08/12/2025

08/08/2025

08/07/2025

08/05/2025

Address

Opening Hours

Website

Alerts

Shortcuts

Share

Category

Monday	9am - 6pm
Tuesday	9am - 6pm
Wednesday	9am - 6pm
Thursday	9am - 6pm
Friday	9am - 6pm