What We Say
Your Weekly Read
Midyear tax planning: Review opportunities to save taxes this year (or next)
Tax planning opportunities often become more limited as the end of the year approaches. Reviewing your tax plan now to reduce or defer taxes.
Tax identity theft: Businesses are at risk, too
Small business owners, beware: Tax identity theft is a costly, ongoing threat. Learn the warning signs and ways to fortify your defenses.
When the sale of an appreciated home triggers taxes — and when it doesn’t
Selling your home this summer? The sale of your primary residence could be tax-free, or it could create a sizable tax liability.
Demystifying like-kind exchanges
A like-kind exchange is a valuable tax-deferral strategy, but only if you follow the rules. Learn four common myths that can cause mistakes.
Should you make non-Roth after-tax 401(k) contributions?
Maxing out your 401(k) elective deferrals and want to save more for retirement? You may be able to make another type of contribution.
Don’t let the IRS treat your sideline as a hobby
The line between a hobby and a business isn’t always obvious — but it can have a major impact on your taxes.
The “kiddie tax” can apply long after childhood
The “kiddie tax” can increase a family’s tax liability if investment income is generated in a child’s name even as a young adult.
Self-employed? Don’t overlook valuable tax deductions
Self-employed individuals often miss legitimate business expense deductions, including home office, meals, and more.
Protect yourself from fraudsters impersonating the IRS and other tax scams
Tax scams continue to evolve. Here are some common tax scams to watch out for and how to avoid becoming a victim.
Benefits that help you care for your company’s caregivers
Dependent care FSAs and employer-offered child care can be competitive additions to your employee benefits package.
Moving to a new state? Review the tax implications first
A change in state residency has tax implications beyond income taxes. Find out what tax factors to look at before relocating.
2 retirement plans for small businesses with lean budgets
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.
Read something interesting? Want more information? Give us a call, and we will be happy to assist you in any way we can.
Washington, NC 27889
Business Hours:
Monday-Thursday
8:00 AM - 5:00 PM
Friday
8:00 AM - 12:00 PM
Saturday-Sunday
Closed