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Monday 8am - 7pm Tuesday 9am - 7pm Wednesday 8am - 7pm Thursday 8am - 7pm Friday 9am - 7pm

RTW Xxact

For almost 25 years, RTW Xxact has provided accounting, tax planning, and financial management services to clients in all industries.

For almost 25 years, RTW Xxact has provided accounting, tax planning, and financial management services to clients in major industries including Financial Services and Banking, Manufacturing, Telecommunications, Private Equity and Construction – and we serve countless others. Headquartered in Atlanta, Georgia, RTW helps clients organize and utilize their financial data to make better financial dec

isions and mitigate risks. The mission of RTW Xxact is to develop a business mindset that provides deep technical knowledge to create value, bridge gaps, innovate and mitigate risk for its clients. RTW is committed to adding value and finance transformation to our client’s satisfaction and delight. CORE VALUES

Professionalism
Dedication
Satisfaction
Results
Creativity

09/02/2026

It was an honor and a privilege to serve as the Financial Literacy instructor for the John Carroll University Entrepreneurial Bootcamp!

Empowering entrepreneurs with the financial knowledge they need to build, manage, and grow sustainable businesses is a mission that closely aligns with the work we do at RTW Xxact Enterprises, LLC.

During the session, I had the opportunity to share practical financial insights and lessons gained throughout my 40+ years in accounting, finance, tax, and business leadership.

Thank you to John Carroll University for the opportunity to invest in the next generation of entrepreneurs and business leaders. When entrepreneurs understand their numbers, they are better equipped to turn great ideas into sustainable businesses.

Robbie Terry-Washington, CPA, MBA, CAIC®
Owner & CEO | RTW Xxact Enterprises, LLC
Bringing It All Together.

09/01/2026

Educator Classroom Expense Deduction – Did You Know?

Eligible K-12 teachers, instructors, counselors, principals and aides who pay for classroom supplies out of pocket may deduct up to $350 of qualifying expenses per year. Married couples filing jointly who are both eligible educators may deduct up to $350 each, for a combined maximum of $700.

You do not need to itemize deductions to claim this deduction. Be sure to keep receipts and other records for any classroom expenses you plan to deduct.

08/31/2026

So, where have I been this summer? 📚🤖 Everything AI!!!

I haven't been as active on social media because I've been busy working toward another professional goal—and I'm excited to finally share it!

I am officially a Certified Artificial Intelligence Consultant (CAIC™)! 🎓

This certification expands my knowledge and capabilities in Artificial Intelligence, Machine Learning, Deep Learning, Natural Language Processing (NLP), Computer Vision, GANs, and Reinforcement Learning.

After more than 40 years in accounting, finance, tax, and consulting, one thing I continue to believe is that you never stop learning.

AI is changing how businesses operate, make decisions, analyze information, and serve their customers. I'm excited about combining these emerging technologies with my years of financial and business experience to help organizations prepare for the future.

Sometimes being quiet doesn't mean you're standing still.

Sometimes you're building.

And I'm not keeping what I've learned to myself!

Be on the lookout for upcoming AI training, webinars, workshops, and educational sessions where I'll share practical ways professionals, entrepreneurs, nonprofits, and organizations can better understand and leverage Artificial Intelligence.

We'll explore not only what AI is, but how it can be responsibly and practically incorporated into areas such as accounting, finance, tax, operations, internal processes, productivity, and business decision-making.

After more than four decades in accounting, finance, tax, and business consulting, I'm still learning, still evolving—and now I'm looking forward to teaching and sharing what's next.

The next chapter begins now.

Robbie Terry-Washington, CPA, MBA, CAIC™
Certified Artificial Intelligence Consultant
Certified Member: 518470248

08/24/2026

Major Higher Education Tax Credits Now Require Valid SSN – Did You Know?

The American Opportunity Tax Credit (AOTC) and Lifetime Learning Credit (LLC) help many Americans pay for higher education. For eligible students pursuing a degree or other recognized credential, the AOTC can cover up to $2,500 in tuition, required school fees and certain course materials per year. Meanwhile, the LLC can offset up to $2,000 per tax return for qualified education expenses for eligible students taking higher education courses for a variety of reasons.

Beginning with tax year 2026, the taxpayer claiming either the AOTC or LLC (and spouse, if filing jointly) must have a Social Security number (SSN) valid for work in the United States that was issued before the due date of the tax return, including extensions. If the eligible student is not the person claiming the credit (for example, if the student is that person's dependent or spouse), then the student must also have a valid SSN issued by that deadline. Other qualification requirements, such as income limits, remain in effect. A tax professional can help you determine whether the higher education expenses you pay for yourself, your spouse or a dependent qualify for a tax benefit.

08/18/2026

Seasonal Employers - Did You Know?

Summer is a peak time for many businesses to hire seasonal employees. In general, the same federal tax rules apply to these workers as to permanent staff. Employers typically must withhold federal income tax and F**A (Social Security and Medicare) taxes and pay the employer share of F**A. Employers subject to FUTA must also pay federal unemployment tax on taxable wages.

Seasonal employers often must file Form 941 (Employer's Quarterly Federal Tax Return) for quarters in which they pay wages. However, they generally do not need to file for quarters in which they paid no wages and have no employment tax liability. If this applies, check the "Seasonal Employer" box on every Form 941 you file.

Employment taxes generally must be deposited monthly or semiweekly, based on the applicable lookback period. FUTA follows separate deposit rules and generally must be deposited when accumulated FUTA tax exceeds $500 for a quarter. Federal tax deposits must be made electronically, including through EFTPS.

08/11/2026

Expense Deduction Rules for Personal Property Used for Business – Did You Know?

Many self-employed people may qualify to reduce their taxable income by deducting business expenses. In general, you must allocate expenses related to mixed-use property based on your "percentage of business use." But how is this percentage calculated?

For many types of equipment, your business use percentage may be based on a reasonable measure such as time or output. For example, if you use your computer for 30 hours a week in your freelance work and 20 hours a week for personal purposes (total of 50 hours), then your business use percentage would generally be 30/50 = 60%. Meanwhile, if you have a printer and print 400 pages for business reasons and 100 pages for personal reasons (500 pages total), then your business use percentage would typically be 400/500 = 80%. Therefore, you could generally allocate 80% of shared costs like ink and paper to business use.

On the other hand, business percentages for vehicles should be based on mileage, not time. So if you drive your car 4,500 miles this year in the course of your self-employment work, and 10,500 miles for all other purposes (total of 15,000 miles), then your business use percentage would be 4,500/15,000 = 30%. Alternatively, if eligible, you may choose to use the standard mileage rate and calculate your vehicle deduction based on your qualifying business miles instead of deducting your share of actual vehicle expenses. Be sure to keep records that support your business use percentage, such as mileage logs, usage records, or other documentation showing how the property was used for business and personal purposes.

08/03/2026

New IRS Automatic Exemption from Penalty Program

Beginning in summer 2026, the IRS is implementing a new system that will waive certain failure-to-file, failure-to-pay and failure-to-deposit penalties for eligible taxpayers with a strong compliance history. To qualify for the Automatic Exemption from Penalty (AEP) program, a taxpayer generally must have met all filing and payment deadlines for the previous three years, or 12 consecutive quarters for quarterly filers.

Unlike First Time Abate, eligible taxpayers will not need to request AEP relief. The IRS will apply it automatically and send a notice. For eligible returns due on or after January 1, 2027, AEP will replace First Time Abate, although reasonable-cause relief will remain available.

Not all IRS penalties qualify for automatic relief. For example, information-return penalties and accuracy-related penalties generally will not qualify. AEP applies only to eligible penalties, not to the underlying tax or interest due.

07/27/2026

Charitable Cash Donation Deductions

Historically, only people who itemized deductions on their tax returns could deduct contributions to charities. However, beginning this year, taxpayers may now qualify to deduct up to $1,000 in cash donations (up to $2,000 for joint filers), regardless of whether they itemize or use a standard deduction.

Only contributions to qualified, tax-exempt charitable organizations (not individuals) are deductible. You can check the official IRS list of tax-exempt charities (link below) to verify an organization's eligibility to receive tax-deductible donations. For monetary contributions, save bank records, canceled checks and/or receipts showing each organization's name, along with the date and amount of each donation. The IRS requires a written acknowledgement from the charity for each individual contribution of $250 or more, showing both the donation amount and the value of anything you receive in return (such as tee shirts, totes, etc.).

You still need to itemize in order to deduct contributions of property, and must have detailed records showing how you determined reasonable dollar values for the donations. For valuable items like collectibles or artwork, you may need a professional appraisal.

Tax Exempt Organization Search: https://www.irs.gov/charities-non-profits/search-for-tax-exempt-organizations

07/20/2026

Form 1099-K – Did You Know?

If you receive a Form 1099-K, review it for payments that may not be taxable, such as reimbursements from friends or family. If these payments were mistakenly included, ask the payment processor to issue a corrected form. Keep in mind that some transactions involving personal items may still have tax consequences, particularly if you sold an item for more than you paid for it.

07/14/2026

Increased Standard Mileage Rates Starting July 1, 2026

Due to higher fuel prices, the IRS has increased the standard mileage rate for business driving to 76 cents per mile for mileage incurred on or after July 1, 2026. The rates for medical travel and eligible moving expenses have also increased to 23.5 cents per mile.

The charitable mileage rate remains unchanged at 14 cents per mile, while the previously announced 2026 rates continue to apply to mileage incurred before July 1.

Address

1012 Main Street
Stone Mountain, GA
30083

Opening Hours

Monday	8am - 7pm
Tuesday	9am - 7pm
Wednesday	8am - 7pm
Thursday	8am - 7pm
Friday	9am - 7pm

Telephone

(216) 533-6586

Website

http://www.rtwxxact.com/

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