TCPyles Consulting and Financial Services, LLC
Steps To Financial Freedom
Let our advisors help you reach the goals you have.
To make an appointment go to calendly.com/asbtci.
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To make an appointment go to calendly.com/asbtci.
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A Note about
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BookkeepingOur company works to provide answers to your most pressing questions in bookkeeping. We are a member of the American Institute of Bookers and if we don't have an immediate answer, we look for similar questions and solutions within the association.
The Bookkeeping Terms 2022. May: Account. June: Cash Method. |
Tax PreparationHave you Checked your payroll withholding on your paycheck recently? Did you know that payroll department personnel can make mistakes. Make sure your withholding is correct. If not, check it and if you need to make a change, update your W-4 and submit it to your employer, for your future payroll withholding. It is your responsibility that your
payroll withholding is what you need for it to be. We are a member of the National Association of Tax Professionals. |
Notary Notary Law Update: GA Senate Bill 365
State: Georgia Summary: Prohibits anyone other than a lender or attorney licensed by the State Bar of Georgia from conducting real estate settlements and disbursing funds in residential purchase or refinance transactions. Signed: May 02, 2012 Effective: July 01, 2012 Chapter: Act No. 744 Affects: Amends Section 44-14-13 of the Official Code of Georgia Annotated Changes:
The state of Georgia has traditionally been an “attorney-closing state,” meaning that only licensed attorneys may conduct the settlement at which closing documents are signed. In 2003, the Georgia Supreme Court issued Advisory Opinion 2003-2 in which it reaffirmed that nonattorneys may not conduct any part of a real estate closing. This opinion has not stopped some nonattorney Notary Signing Agents from trying to operate under the radar. In addition, in recent years a new phenomenon has emerged in the attorney-closing states. In an attempt to get a piece of the real estate transaction business, Licensed Georgia attorneys who have not been the attorney of record during the entire transaction have conducted “witness-only closings,” basically doing what Notary Signing Agents do – attend only the appointment at which loan and real estate conveyance documents are signed. The companies dispatching these attorneys argued that they met the legal requirement of having an attorney present to conduct the loan closing. However, real estate attorneys across the state argued that it is the law in Georgia that a single attorney must handle all the parts of a real estate transaction, from abstracting title and rendering the title opinion, overseeing the signing of documents, and disbursing funds. SB 365 clarifies that only a lender or a licensed Georgia attorney may conduct settlements and disburse closing funds. The law prohibits anyone other than the settlement agent for the transaction to oversee the closing and disburse funds. The new law effectively joins these two activities together so that the one attorney who is the settlement agent must do both. We are a member of the National Notary Association. |
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