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Turn a summer job into tax savings: Hire your child and reap the rewards
Are you considering bringing your high-school- or college-age child into your business this summer? Their summer job may be a smart tax move.

The tax rules for legal awards and settlements: What recipients should know
If you receive a court award or out-of-court settlement, do you have to pay tax on it? The answer is … it depends.

Business owners should get comfortable with their financial statements
If your company’s financial statements tend to gather dust, you could be missing out on key insights. Here’s what they can do for you.

Taming the tax tangle if you’re considering retirement
Retirement is a chance to travel, visit with family or just enjoy relaxing. Yet retirement may bring a tangle of tax implications.

SEP and SIMPLE retirement plan options for your small business
Small business owners have two retirement plan alternatives with fewer requirements than traditional qualified retirement plans.

What tax records can you safely shred? And which ones should you keep?
After filing, you may want to discard tax records. But don’t throw away documents you might need in the case of an IRS audit.

Do you qualify for “head of household” tax filing status
Only certain people can file a tax return with the favorable “head of household” status. Here are the rules.

Financial relief for families: The benefits of the Child Tax Credit
The Child Tax Credit is critical for many families. But, many taxpayers will see the credit cut in half in 2026 if Congress doesn’t act.

5 business succession options and their tax implications
Business owners have several options when planning for succession. Here are five to consider, along with the tax implications.

Can I itemize deductions on my tax return?
Not sure if you will itemize deductions in 2024? Here is how to know if you will itemize or take the standard deduction.

Washington, NC 27889
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