skip to Main Content
News
Stay up to date
tax action line volunteers answering calls

Lakeshia King Volunteers with Tax Action Line

Our very own Lakeshia King volunteered for the Alabama Society of CPAs tax action line to answer tax-related questions from the public.
Read more
college student and the tax implication, looking over shoulder, holding backpack

College Students and the Tax Implications

We get a lot of questions from parents with college students. In case you're in the same boat, we've answered some common questions about college students and the tax implications:
Read more
Senior couple with papers having talk with retirement plan audits professional in cafe

What Employers Should Know About Qualified Retirement Plan Audits

Accountants typically bill their clients based on time that is spent preparing the return. The more time that is spent on collecting, sorting and analyzing tax documents, the more costly the process becomes. What can the client do to make tax preparation easier and ultimately less costly?
Read more
Unrecognizable woman holds receipts pencil uses laptop plans budget manages expenses calculates financial reports checks internet banking service poses at desktop with papers around. Organizing tax documents. View from above

Organizing Tax Documents – Cost Effective Tips

Accountants typically bill their clients based on time that is spent preparing the return. The more time that is spent on collecting, sorting and analyzing tax documents, the more costly the process becomes. What can the client do to make tax preparation easier and ultimately less costly?
Read more
Top view of businesspeople with paperwork, calculator and coffee on table, cropped view, depreciating business assets for tax purposes

Update on Depreciating Business Assets

The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments. And due to high inflation, the adjustments for 2023 were big. Here are the numbers that small business owners need to know.
Read more
business woman standing in a conference room window

Corporate Transparency Act: Answering The Important Questions

In an effort to combat money laundering, terrorism financing, and other illicit activities, Congress passed the Corporate Transparency Act (CTA) in 2021. Beginning in 2024, the CTA requires most small and medium sized entities to electronically file a report disclosing entity structure and ownership information, also known as “Beneficial Ownership Information” (BOI), of the respective entity.
Read more
a magnifying glass looking at Q1 and Q2 wooden blocks, symbolizing interim statements

Why You Need Financial Reports More Than Once Per Year

When faced with the phrase “financial reports,” most business owners think of year-end statements presented to owners and shareholders, summarizing how the business performed over the last year. But a proactive business owner needs to get a pulse on operating results more than once per year, in order to make effective decisions during the year. You need interim financial statements.
Read more

How New Alabama Overtime Pay Exemption Affects Employer Reporting

Beginning January of 2024, employers will have to report some new information on their Alabama form A-6 or form A-1 due to the recent changes in legislation regarding the exemption of Alabama overtime pay.
Read more
Tax. Wooden colorful alphabet blocks on blue background, flat lay, top view. Alabama Accountability Act

Tax Credit for Businesses Through the Alabama Accountability Act

The Alabama Accountability Act allows Alabama taxpayers and businesses to contribute to Scholarship Granting Organizations to claim a dollar-for-dollar tax credit for 100% of their Alabama tax liability. The limit to the credit for individuals is $100,000. Businesses can also reserve a tax credit for 100% of their total tax liability with no dollar limit.
Read more
Alabama State Capitol in Montgomery, 2021 tax rebate announced

2021 Tax Rebate from Alabama, do you qualify?

On June 8, 2023, Governor Kay Ivey passed legislation exempting overtime wages earned by full-time hourly employees from Alabama gross income and consequently from Alabama state income tax.
Read more
Payroll, Overtime. Binder data finance report business with grap, overtime pay exemption

Overtime Pay Exemption – New Legislation For Alabama Workers

On June 8, 2023, Governor Kay Ivey passed legislation exempting overtime wages earned by full-time hourly employees from Alabama gross income and consequently from Alabama state income tax.
Read more
employee promotions announcement, Hayden Ford Headshot, Lindsey Lott Headshot, Abby Cozart Headshot

Aldridge, Borden & Company Announces Employee Promotions

Aldridge, Borden & Company is pleased to announce several promotions for our employees.
Read more
joe mills partner, new partner, Joe Mills Headshot, Partner announcement

Aldridge, Borden & Company Names New Partner

Aldridge, Borden & Company is pleased to announce the promotion of Principal Joe Mills, CPA, to Partner
Read more
Amanda Hines headshot, names new partner

Aldridge, Borden & Company Names New Partner

Aldridge, Borden & Company is pleased to announce the promotion of Principal Amanda Hines, CPA, to Partner. 
Read more

The Benefits of Effective Marketing in Not-For-Profit Organizations

In this blog, we explain the value effective marketing can bring to a not-for-profit organization.
Read more
Roth 401(k) with a keyboard, calculator and magnifying glass

Consider the Finer Points of Roth 401(K) Contributions

Many people are familiar with Roth IRAs. These popular retirement accounts feature tax-free withdrawals as long as certain conditions are met. But did you know that employers can offer designated Roth contributions as part of the 401(k) plans they sponsor for employees?
Read more
calculator with 2023 typed out, 1099(k)

What You Need to Know About the 1099-K Updates

As Congress has lowered the threshold for receiving a Form 1099-K, more individuals will receive this form for the 2024 tax year. Understanding how to report your 1099-K income correctly is crucial to remain compliant with tax regulations. Whether you sell goods or services, it's essential to determine if you have made a gain on the sales and report accordingly on your tax return.
Read more
Football,Instructor,Drawing,Scheme,Of,Moving,During,Soccer,Game, preventing fraud

Preventing fraud in your nonprofit youth sports league

By far the most important step youth leagues can take to prevent fraud is to segregate duties. This means that no single individual receives, records and deposits funds coming in, pays bills and reconciles bank statements.
Read more
food tax is cut, scissors cutting the state of Alabama, fruit cut in half,

ALABAMA FOOD TAX CUTS

In early June, Governor Kay Ivey signed a bill that will lower the state food tax rate from 4% to 3% on September 1, 2023. In 2024 the tax will be lowered to 2%, but it is contingent on the projections for the Education Trust Fund raising by 3.5% for 2025.
Read more
plan to retire

4 TAX CHALLENGES YOU MAY ENCOUNTER IF YOU PLAN TO RETIRE SOON

Are you getting ready to retire? If so, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of four tax and financial issues you may contend with when you retire:
Read more
brandjacking, someone stealing your logo

How to Battle Back Against “Brandjacking”

As individuals, we’re warned repeatedly about the dangers of online identity theft. Well, as a business owner, you’re in double jeopardy because a hacker might not only steal your personal identity, but also — or alternatively — hijack your company’s brand.
Read more

The IRS has just announced 2024 amounts for Health Savings Accounts

The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs).
Read more

USE THE TAX CODE TO MAKE BUSINESS LOSS LESS PAINFUL

The tax rules regarding business losses are complex, especially when accounting for how NOLs can interact with other potential tax breaks. Read this article to learn more.
Read more
A beige sky and ground with some white clouds and some white squares resembling a chess board on the ground. On the chess board is a black king chess piece with the top open and coming out of it, a man wearing a blue shirt looking through some binoculars. Next to the black king chess piece is the black knight chess piece which resembles a horse's head.

Strengthen Strategic Planning with Competitive Intelligence

Business owners: Strategic planning is undeniably important, but you may be missing a savvy move if you aren’t using competitive intelligence to refine your game plan.
Read more
100 dollar bills with rolled up bills tied with a red bow

2022 Gift Tax Return Deadline is Coming Soon

The income tax return deadline is April 18 this year. But it’s also the deadline for filing a gift tax return if you made large gifts last year. Find out if you’re required to file a 2022 gift tax return and why you may want to file one anyway.
Read more

TaxCaddy FAQs

HOW TO USE TAX CADDY | TIPS AND RESOURCES Q: Which internet browser works best with TaxCaddy? …

Read more

TaxCaddy Tips & Resources

HOW TO USE TAX CADDY | TAXCADDY FAQ's TaxCaddy’s Photo-Scan Feature Instead of using the…

Read more

How to use TaxCaddy

TIPS AND RESOURCES | TAXCADDY FAQ's Filing your income tax return can be a time-consuming…

Read more
nonprofit taxes

Nonprofits Tax Burdens & Types Explained – What You Need to Know

Estimated Reading Time: < 5 Minutes If you’re about to embark on a nonprofit mission…

Read more

Gift Tax & The Holiday Season – Limits, Exceptions, & More

Estimated Reading Time: < 4 minutes A gift—no matter how large or small—can have a…

Read more

Employee Retention Tax Credit 101 – Are you Eligible?

Estimated Reading Time: < 4 minutes As an employer, your payroll costs make up a…

Read more

Child Tax Credit 101 – What You Need to Know

Thanks to the American Rescue Plan Act of 2021, the child tax credit has been…

Read more

Top Tips for Lowering or Limiting Your Property Taxes

The joys of commercial or residential property ownership cannot be overstated. From a financial standpoint,…

Read more

Leaving the Most for Loved Ones – Estate Planning Tips

Learn how to maximize your legacy and your family’s continued success with these simple estate planning tips and tricks.
Read more

Save the Most Now For Later – Maximizing your 401(k)

Few financial topics are discussed as endlessly as retirement savings—and for good reason. Getting it…

Read more

How Much is a Business Worth? – Top Valuation Factors

Every business starts out as someone’s dream. But while dreams may be priceless, businesses require…

Read more

Top 5 Accounting Tips for New Startups

The idea has been building for years, and now you’re finally making it happen. Your…

Read more

From Groceries to Garments – What CPAs Do for Retail

Retail Business Accounting Your retail business is a complex entity offering a myriad of products…

Read more

Don’t Wait to Apply for PPP Loan Forgiveness

The SBA is currently accepting second draw PPP loan applications from participating lenders during a…

Read more

The CARES Act

Watch to review a brief overview of the income tax provisions of the CARES Act…

Read more

Tax Depreciation 101

I am going to be discussing the basics of tax depreciation, and what can be…

Read more

IRAs and the Related CARES and SECURE Act Provisions

In this video we will talk about Traditional Individual Retirement Arrangements, or IRAs and the…

Read more

Estate and Gift Tax Changes

A lot of times when people hear the words estate and gift, they assume the…

Read more

Annual Renewal REQUIRED of Alabama Tax Licenses

Beginning Sunday, November 1, 2020, taxpayers will be required to renew the State of Alabama…

Read more

Top three IT solutions you need to keep your systems updated and secure

In today’s world, where so many people are working from home, and data threats are…

Read more
financial forensics experts

Protect Your Small Business from Internal Financial Fraud

It’s a small business owner’s worst nightmare: internal financial fraud. If you’re running a small…

Read more
Accounting Software for Restaurant Owners

Aldridge Borden and Co. Has the Recipe for Restaurant Accounting Success

If you’re a restaurant owner, you know that success requires maintaining a delicate balance between…

Read more

Business Tax Strategies Made Easy at Aldridge, Borden & Company

If you own a small business, you know how confusing, complicated, and scary it can…

Read more
Onesource - by Aldridge Borden & Company

Three reasons the OneSource solution keeps you IN your biz and OUT of accounting

If you’re a small business owner, you are clearly a subject matter expert in your…

Read more

ANSWERS TO YOUR QUESTIONS ABOUT 2020 INDIVIDUAL TAX LIMITS

Right now, you may be more concerned about your 2019 tax bill than you are…

Read more

CFO to Chair Audit Committee of the Board for River Region United Way

We would like to honor and congratulate our very own CFO, Ashley Lough, on her…

Read more

Business Entity Selection After the TCJA: Post-Death Considerations

By Rhonda L. Sibley, CPA, AEP The law known as the Tax Cuts and Jobs…

Read more

IRA Charitable Donations are an Alternative to Taxable Required Distributions

Are you charitably minded and have a significant amount of money in an IRA? If…

Read more
Back To Top