How Real Estate Investors Can Navigate Multi-State Tax Filing
Real estate investors can handle multi-state tax filing by figuring out which states require a return, reporting rental income where the property is located, keeping records for each property, and claiming any available credits for taxes paid to another state. Owning property in more than one state may mean filing more than one tax return. […]
How Seniors Can Benefit from the Social Security Tax Deduction
Discover how the social security tax deduction for seniors can help reduce taxable income and protect retirement funds. This comprehensive guide covers eligibility, income phaseouts, filing requirements, and practical examples for single and married taxpayers.
The 2026 IRS Business Mileage Rate, Rules, & Deductions
The 2026 IRS business mileage rate increased to 70 to 72.5 cents per mile. Learn how to calculate your mileage deduction, how it affects your record keeping, factors that influence the rate, and when the standard rate may not apply to you.
Understanding the No Tax on Tips Rule and Who Qualifies
Learn all about the No Tax on Tips Act including who is eligible to claim a deduction on the no tax on tips act, income limits, tax implications, and get an explanation by occupation.
Importance of Keeping 401k Beneficiaries Current
Explore the importance of 401k beneficiary designations, beneficiary rules, tax consideration, and answers to common questions regarding survivors.
Types, Stages, and Preparing for a Financial Audit
Each stage of a financial audit, planning and risk assessment, internal controls testing, and substantive procedures, is aimed to uncover discrepancies in a business financial statements. Learn how to navigate an audit and when you should request the assistance of a CPA.
Standard Deduction vs Itemized in North Carolina
These 6 important factors, including home ownership, income bracket, state taxes heavily dictate whether you should claim deductions as standard or itemized. Learn how to decide with guidance from CPAs.
The Key Differences Between Bookkeeping and Accounting
One of the key differences in bookkeeping vs accounting is the shift from record-keeping to financial analysis. Learn the key principles that dictate when you should be using bookkeeping vs accounting for your records.
Revocable vs Irrevocable Trust: What Trust Should You Choose?
When you are contemplating creating a trust but you don’t know what type is best, our Raleigh CPA firm is here to help. In the article, our accountants are sharing the key differences between a revocable trust and an irrevocable trust so you can add your assets to the one that makes the most sense for your needs.
A Guide to Restricted Stock Units (RSUs)
Restricted Stock Units (RSUs) are a common form of equity compensation. Learn what RSUs are, how vesting works, and what to expect at tax time.