Ultimate Guide to Improve Small Business Cash Flow

As a business owner, you know sales and profits are key to long-term growth and success. However, business cash flow is what gets you through the daily operations and covers you through your lean times so you can pay employees, maintain inventory, and cover emergencies. Converting your sales into accessible cash and minimizing outgoing expenses […]

Avoid Coronavirus Related Scams Tied to Economic Impact Payments

On March 27, 2020, the U.S. House and Senate passed the CARES Act to provide financial benefits to those negatively affected by COVID-19. One of the most popular aspects of the bill, the direct payments to citizens, are expected to begin going out in two to three weeks. Recently, the IRS issued a warning to […]

CARES Act: Key Tax Provisions for Businesses & Individuals

With COVID-19 forcing business closures and massive unemployment, the U.S. government sought to mitigate the negative financial effects as much as possible by passing a stimulus package for individuals, small businesses, and corporations. The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed the House of Representatives and the Senate, and was signed into law […]

NC Department of Revenue & IRS Tax Updates due to Coronavirus

The effects of COVID-19 (coronavirus) are widespread. Even those who are healthy are missing work, missing school, and having their lives rearranged. In order to provide relief during this time, especially for those who are unable to work, both state and federal departments of revenue are changing some of their policies, and we wanted to […]

2019/2020 Required Minimum Distributions (RMDs) Deadline

We would like to remind retirees about the IRS’s Required Minimum Distributions (RMDs) deadline. RMD refers to the withdrawals you have to make from most retirement plans when you reach 72 years old. The RMD amount is based on the taxpayer’s life expectancy and account balance. Tax Year 2019 RMD Deadlines Retirees born before July […]

The IRS Launches Identity Theft Central

It’s no secret that identity theft is a huge issue and an ongoing problem. Nearly 445,000 Americans reported some form of identity theft in 2018. To help citizens better avoid and react to identity theft, the IRS launched Identity Theft Central in February 2020. This page is a hub of information about identity theft, including […]

Understanding Tax Preparation Fees

With tax time just around the corner, you’re probably about to start getting your paperwork in order, tracking down receipts, and doing everything you can to minimize any tax payout you may be facing. If you want assistance with your business or personal taxes for 2019 but you are worried about tax preparation fees, you […]

Estate Planning For Digital Assets

Digital technology has seen great advances in recent years which has drastically changed estate planning for many people. It is important for individuals to think about digital assets when considering planning for the future. Most people only consider physical assets when they are planning their estate for the future, but now it is important to […]