SEP and SIMPLE IRAs are particularly suited to small businesses with tight budgets. Read on to learn about the benefits and potential disadvantages of these cost-effective employee retirement savings options.
Small Business
Your Weekly Read
Starting a business? 5 things you need to know
Launching a new business requires more than vision alone. Here are five things you need to know before you get started.
Options for forfeited employee FSA balances
If your employees have unused 2025 FSA balances, these funds may revert back to your business. See what IRS allows you to do with the funds.
There’s still time to set up a SEP and reduce your 2025 taxes
A SEP retirement plan is easy to establish and a powerful retroactive tax planning tool for business owners and the self-employed.
Not all business expenses are tax deductible
As you determine what business expenses you can write off on your tax return, keep in mind the “ordinary and necessary” rule.
6 last-minute tax planning tips for businesses
Year-round tax planning generally produces the best results, but there are some steps you can take in December to lower your 2025 taxes.
New deduction for QPP can save significant taxes for manufacturers
Could your manufacturing business qualify for the 100% bonus depreciation on new qualified production property?
How small business owners can deduct real estate improvements
Recent tax law changes have significantly enhanced first-year depreciation tax breaks for real estate improvements
How to help protect your business expense deductions
To help justify your business expenses, it’s important to keep careful business records. Here are some DOs and DON’Ts based on a recent court case.
Safe harbor 401(k)s offer businesses a simpler route to a retirement plan
Considering a retirement plan for your business but are concerned with plan administration? A safe harbor 401(k) may be the right choice.
Tax Court case provides lessons on best recordkeeping practices for businesses
Recordkeeping may not be glamorous, but it’s one of the most powerful tools to protect your business and maximize tax benefits.
A tax guide to choosing the right business entity
Your choice of entity could make or break your tax strategy. Here’s a quick rundown of five entity types and their tax implications.
Read something interesting? Want more information? Give us a call, and we will be happy to assist you in any way we can.
144 W 2nd St
Washington, NC 27889
Washington, NC 27889
Business Hours:
Monday-Thursday
8:00 AM - 5:00 PM
Friday
8:00 AM - 12:00 PM
Saturday-Sunday
Closed