Are Your Holiday Employee Gifts Tax Deductible?
When are holiday gifts for your employees considered tax-deductible? Our NC CPAs help plan for your holiday employee gift-giving and what types of gifts are tax deductible.
Marriage Tax Benefits: What You Need to Know
Marriage is an important decision in anyone’s life, but what couples don’t always consider is just how much this can affect their . Surprising as it may be, it is largely untrue that getting hitched will result in higher taxes. There are several marriage tax benefits to consider that may make saying “I do” all […]
What is a General Ledger and Why Do You Need One?
Keeping careful track of all of the financial transactions associated with your business is vital for a healthy organization. As a business owner, though, you may find yourself overwhelmed by the sheer number of accounts, credits, debits, income, and more that you hear about all day long. A general ledger is the place to start […]
How to Report Self-Employment Income Without a 1099
Make sure your taxes are accurate and learn how to report self-employment income, even if you didn’t receive a 1099 for your work.
How Far Back Can The IRS Audit?
We’re sharing a timeline on how far back the IRS can audit you.
How to File a Tax Extension
If you can’t make the April 15th tax deadline, you can request a tax extension which gives you until October 15th to file your taxes. Our CPAs will guide you through the process of requesting a tax extension as well as the pros and cons of requesting an extension versus failing to pay the IRS money you owe from your tax return.
Will the Existing Income Tax Code Ever Be Replaced with a Flat Tax?
Every so often, an article or speech will make the rounds about how it would benefit all Americans to replace the current income tax structure with a flat tax. Our CPA firm is exploring what the flat tax is, its advantages and disadvantages over the existing code, and whether we believe a flat tax will […]
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 […]
Tax Planning for Beginners: What You Need to Know
We are sharing some simple steps you can take to plan your finances in a way that will minimize your tax burden and leverage tax breaks.