Heaven & Alvarez, LLC

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Heaven & Alvarez, LLC We offer services to our clients with an effort to minimize tax obligations, to address the financia They want someone they know and trust.

Small Business Accounting Solutions
Finding practical solutions for your business is our goal! Since 1995, our team has succeeded in understanding the needs of the industry and creating reliable products to serve them all. In today’s business climates, clients seek an accounting firm that is their partner in navigating a changing world. They want someone that cares about them and their business. They want a professional staff that is responsive to their needs and does quality work. Ranae Heaven founded Heaven & Associates in 1991 and the firm has been growing ever since. In 2019, Ranae partnered with Carlos Alvarez to form Heaven and Alvarez. We continue to listen to our client’s personal and business goals and work to support them in achieving those goals. Our goal is to provide the information our clients need to make the best decisions possible and pay the least amount of taxes legally possible.

If you’re sending money abroad, beware of a possible 1% excise tax. This new tax generally applies to transfers of cash,...
10/23/2026

If you’re sending money abroad, beware of a possible 1% excise tax. This new tax generally applies to transfers of cash, money orders or cashier’s checks from U.S. senders to foreign recipients via certain remittance transfer providers such as Western Union and MoneyGram. But transfers made via credit or debit card, bank account transfer, or digital wallet aren’t subject to the excise tax. Essentially, the tax doesn’t apply to transfers from accounts in financial institutions subject to Bank Secrecy Act requirements or to credit or debit cards issued in the U.S. So to avoid the extra expense, consider using a card or ACH transfer from your own bank account. Contact us at (770) 849-0078 to learn more.

“I’ll buy it in December for the write-off.”It’s one of the most common year-end plans we hear, and it isn’t always a go...
10/22/2026

“I’ll buy it in December for the write-off.”

It’s one of the most common year-end plans we hear, and it isn’t always a good one. A deduction only lowers your tax bill by a portion of what you spend. If the purchase doesn’t make sense for the business, the tax savings won’t fix that.

Smart year-end planning looks at the whole picture: equipment you genuinely need, customer invoices that may never be paid, retirement contributions, how you pay yourself, whether your business and personal spending are truly separate, and credits you may be missing.

Here are six moves worth reviewing before December 31.

The best year-end decisions are good business decisions first. Let’s find yours.

How much should you budget for retirement expenses? One common guideline says 60% to 70% of your current income. Some ex...
10/21/2026

How much should you budget for retirement expenses? One common guideline says 60% to 70% of your current income. Some expenses might decrease or disappear (commuting costs, mortgage payments), while others are likely to increase (health care, property taxes). Specificity, not to mention incorporating inflation into your calculation, is important. We can help — call us at (770) 849-0078.

In 1991, Ranae Heaven opened a small accounting practice with a simple idea: clients should feel known, not processed.Sh...
10/20/2026

In 1991, Ranae Heaven opened a small accounting practice with a simple idea: clients should feel known, not processed.

She had already spent years in public accounting by then. She’d earned a Master’s in Taxation from Georgia State and worked with businesses of every size. But she wanted a firm where the relationship came first.

Six years later, Julie Nealey joined to help with individual tax returns. Nearly three decades on, she’s still part of the team.

In 2019, Ranae partnered with Carlos Alvarez, CPA, who brought experience from small businesses to Fortune 1000 companies, fluent Spanish and deep ties to the Latino business community. Heaven & Associates became Heaven & Alvarez.

The team is bigger now. The services have grown. The idea hasn’t changed.

To every client who has been part of this story: thank you.

The gift tax annual exclusion is a simple way to transfer assets gift-tax-free. To qualify, a gift must be of a “present...
10/19/2026

The gift tax annual exclusion is a simple way to transfer assets gift-tax-free. To qualify, a gift must be of a “present interest” — an unrestricted right to the immediate use of the property or the income from it. So a gift to a trust generally doesn’t qualify. But gifts to a trust with a “Crummey” provision can. After each gift to a Crummey trust, beneficiaries receive temporary withdrawal rights lasting at least 30 days. If they don’t withdraw the gift, the amount remains in the trust until distributed in the future according to the trust’s terms. Call us at (770) 849-0078 for details.

The IRS has released its 2026–2027 per diem rates for certain business travel expenses, effective Oct. 1, 2026. Under th...
10/16/2026

The IRS has released its 2026–2027 per diem rates for certain business travel expenses, effective Oct. 1, 2026. Under the high-low substantiation method, the rate for lodging, meals and incidental expenses for travel to high-cost localities within the continental United States (CONUS) rises to $329 per day, from $319. The rate for other CONUS localities rises to $230, from $225. The portion attributable to meals remains $86 for high-cost areas and $74 for other areas. The incidental-expenses-only rate remains $5. Employers can pay more than the IRS per diem rates, but excess amounts generally must be substantiated or treated as taxable wages. Contact us at (770) 849-0078 to learn about all your options for substantiating business travel expenses.

Today’s the day. ⏰Already filed? Well done.Not filed yet, missed the deadline, or behind on past years? Don’t ignore it....
10/15/2026

Today’s the day. ⏰

Already filed? Well done.

Not filed yet, missed the deadline, or behind on past years? Don’t ignore it. That’s the one move that always makes things worse.

Call us. We’ll help you figure out where you stand and what to do next.

📍 Norcross, GA
📞 (770) 849-0078

If your business offers employees a 401(k) plan, be sure to comply with all applicable regulations. Misunderstanding or ...
10/14/2026

If your business offers employees a 401(k) plan, be sure to comply with all applicable regulations. Misunderstanding or inadvertently ignoring eligibility rules — for example, when workers must be allowed to start participating — can result in IRS penalties. It can also harm employees who are mistakenly excluded. Contact us at (770) 849-0078 with questions.

3 days. 1 deadline.A few things people often get wrong:✅ The deadline for extended 2025 returns is Thursday, October 15....
10/13/2026

3 days. 1 deadline.

A few things people often get wrong:
✅ The deadline for extended 2025 returns is Thursday, October 15.
✅ Your extension covered filing, not paying. If you owe, interest has been adding up since April.
✅ Can’t pay it all? File anyway. The penalty for not filing is typically much larger than the penalty for not paying.
✅ Payment plans exist. You have more options when you act early.

If your documents are still scattered across your inbox, your desk and your glovebox, today’s the day to pull them together. Swipe for the checklist.

Need help getting it done before Thursday? Call us.

📍 Norcross, GA
📞 (770) 849-0078

Accurate financial records are essential for your company’s success. However, many small business owners struggle with a...
10/12/2026

Accurate financial records are essential for your company’s success. However, many small business owners struggle with accounting and bookkeeping tasks. We can handle these chores for you, so you can focus on running your business. Call us at (770) 849-0078 to schedule a consultation.

Address

4720 Peachtree Industrial Boulevard, Ste 201
Norcross, GA
30071

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

Telephone

(770) 849-0078

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