Can You Deduct Tax Preparation Fees?

Join our Raleigh CPAs as they answer one of our asked questions, “When are tax preparation fees deductible?” From business to personal tax deductions, follow along as we uncover factors that affect tax preparation fees, common fee structures, and more.

Can You Claim a Tax Credit for an Electric Vehicle Purchase?

If you’ve been wondering how the EV tax credit works, our experienced Raleigh CPAs from Steward Ingram & Cooper PLLC are helping North Carolina residents explore the world of electric vehicle tax credits. Join us as we explore answers to your question, “how does the EV tax credit work in NC?” 

North Carolina Income Tax Guide

If you live or operate a business in NC it’s important to know all about North Carolina income tax preparation and filing. Our local CPAs have the ultimate guide to what you need to know.

8 Quick Tips to Save Money Fast

Whether you want to create an emergency fund, start a Roth IRA, or start putting aside a down payment for a house, you need to start saving money. While it may sound overwhelming, seeing some quick results makes it easier to stick to your goal. To help you get started, our CPA firm is sharing […]

Understanding Deductible Expenses After PPP Loan Forgiveness

If you received a forgiven loan as part of the Paycheck Protection Program (PPP), it’s important to understand how this may affect your 2020 taxes, particularly your deductions. The IRS recently released Revenue Ruling (Rev. Rul.) 2021-02 which obsoletes Notice 2020-32 and Revenue Ruling 2020-27, and our small business CPAs are outlining what this rule […]

Are Receipts Enough to Prove Tax Deductions?

When you are doing your taxes, you probably have a folder of receipts or a digital drive of scanned copies, a log for travel mileage, and other ways to prove your expenses. Most tax payers assume receipts and a log is enough to prove your expenses, but often, the issue is more complicated. To help […]

Tax Guide on Home Office Deduction

If you use part of your home for business, you may be able to deduct expenses for a home office. This year, due to the COVID-19 pandemic, many people are working from home, so this information is relevant for the 2020 tax year. The IRS has specific rules to qualify for home office  deduction and […]