G&K Taxes And Accounting

Proudly Serving Our Community

Welcome to G&K Taxes And Accounting.  Our main goal is to always achieve a high level of customer satisfaction with the services  that we provide.  

1 Peter 4:10 

Each of you should use whatever gift you have received to serve others, as faithful stewards of God’s grace in its various forms.

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About Us

Our Story

Since being established in 1998, G&K Taxes And Accounting has been known for an unparalleled commitment to customer satisfaction. It’s this standard of excellence that has provided the impetus for us to grow into the business we are today. For more information about our services and how we can assist you during the tax season and beyond, please contact us by phone or email. We sincerely appreciate your business and look forward to serving you.

COVID-19 - We strictly adhere to CDC guidelines.  Your safety and well-being is of the utmost importance.

Tax Prep Checklist

The IRS strongly urges taxpayers to not file amended returns related to the new legislative provisions in the American Rescue Plan Act until the agency issues additional guidance

A new provision makes some 2020 unemployment benefits non-taxable.  If you've already filed your taxes, DON'T file an amended return.  The IRS will soon share more details.

Federal Income Tax Brackets

There are seven federal tax brackets for the 2020 tax year: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Tax brackets depend on taxable income and filing status. These are the rates for taxes due on April 2021 or extended to October 2021. 

See attached document for complete 2020 tax brackets.

 

 

State Income Tax

States generally take one of three approaches to taxing residents or taxpayers who earn income in their state.

  • They don’t tax income at all.

  • They impose a flat tax. That means they tax all income, or dividends and interest only in some cases, at the same rate.

  • They impose a progressive tax. That means people with higher taxable incomes pay higher state income tax rates.

There are seven states that do not levy income tax on income earned in their state.

  • Alaska.

  • Florida.

  • Nevada.

  • South Dakota.

  • Texas.

  • Washington.

  • Wyoming.

1

 

Earned Income Tax Credit (EITC) Relief

If your earned income was higher in 2019 than in 2020, you can use the 2019 amount to figure your EITC for 2020. This temporary relief is provided through the Taxpayer Certainty and Disaster Tax Relief Act of 2020.

The new system provides a year of payments totalling $3,000 for children aged from 6-17 and $3,600 per year for children who are under the age of six. The bill effectively doubles the size of the existing CTC, providing an extra $125 billion.

                                                                                                   Standard Deduction

Single or Married Filing Separate.............................................$12,400

Married Filing Joint or Qualifying Widow(er)........................$24,800

Head of Household......................................................................$18,650

Additional age 65 or older, blind, per person, per event:

Married Filing Joint, Qualifying Widow(er) or Married Filing Single...$1,300

Single or Head of Household........................................................................$1,650

Personal exemption deduction per person..........................................$0

Call For An Appointment or Book Online

Hours

Woodstock, GA 

(770) 655-7349

  • Tuesday - Friday 6 PM - 9 PM

  • Saturdays 10 AM - 7 PM   

ELLAVILLE , GA  - Please call for schedule

(770) 655-7349
Virtual or Over-the-Phone Appointments

Due to Covid-19 we will follow CDC guidelines. 
           

                        Closed Sunday                         

  Please book online or give us a call.

          Email us at info@gk-taxes.com            

 

Please Click the "Book Online" Tab at the Top (Left) of This Page to Book The Following Services:

Hours

  • Bookkeeping Services

  • Consultations

  • Corporate Income Tax Preparation

  • Individual Income Tax Preparation

  • Non-Profit Tax Preparation 

  • Sales & Use Tax Preparation/Filing 

  • Convenient Online Payments!!!!!!!

  • Tax prep checklist (see attachment below                                      list of services)

New Tax Deadline

Monday - May 17, 2020

Get in Touch

(770) 655-7349 Phone

678-217-4001

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