If you're a small business owner or sole proprietor, you may be used to filing your business taxes according to the calendar year and thinking nothing of it. But if your business in Concord, NC grows to the point where you incorporate or create a limited liability company, you should pick a fiscal year for paying business taxes. Continue reading
Continue reading...
The time has come for your Charlotte-based business to become a fully fledged corporation. It's a wonderful feeling knowing that you can go from being a sole proprietor to a corporation. But now you need to figure out which one is right for your business. Do you go with an LLC? S-corp? C-corp? It's not easy determining which corporate structure you need because each has a different structure and operating rules that might be too much or not enough for the kind of business you operate. This is where you should turn to a Charlotte, NC business accountant and get help picking the right corporation for you. Continue reading
Continue reading...
Many businesses fear the threat of an IRS audit. Getting audited suggests that the business did something wrong or was trying to underreport income on their tax returns. The fact of the matter is, the IRS only audits businesses in Charlotte and elsewhere if the tax return shows abnormalities that throw up a flag or if a computer randomly picks that business for an audit. It's not necessarily the end of the business, but you don't want to go at it alone with the IRS because they know the laws inside and out. Continue reading
Continue reading...
Running a business in compliance with North Carolina laws is necessary, but time-consuming. Time is a commodity when running a business and it's easy to forget to submit important documents by deadlines every quarter or year. Failure to file can be costly for you in the form of fines and you may be forced to close your doors until a vital license has been properly renewed. Instead of running afoul of the law, let a Charlotte, NC business accountant do the work on your behalf and save yourself the headaches.  Continue reading
Continue reading...
There's no denying that changes to tax law, whether big or small, make it harder to understand how they impact your personal life and your business. Tax law is full of indirect language, A/B options, and scenarios that may or may not apply to your business or personal income structure. Plus there's the issue of the SALT deductions being lowered which could impact you negatively. If you're a Charlotte, NC, business owner with a sole proprietorship or a corporation, you benefit from a flat corporate tax rate among other changes in the law that favor business owners. It's for these reasons and more than a Charlotte NC business accountant makes for a good ally in your attempt to legally lower your tax liabilities. Continue reading
Continue reading...
Your small Charlotte-based business is doing well and you've hired employees to help you with the workload. Now you've got to keep a regular payroll in order to compensate your employees for their labor. It's a relatively straightforward process of calculating their hourly wage times the hours they've worked, but you also have to factor in FICA and state payroll taxes. Accounting programs are capable of doing this for you, but they rely on the user having knowledge of federal and state laws regarding payroll deductions. If you're lacking in this knowledge, you can run into trouble with the IRS and the North Carolina Department of Revenue. Working with a Charlotte, NC business accountant for payroll can help you avoid trouble. Continue reading
Continue reading...
The best way you can help your Charlotte NC Accountant is by having all of your paperwork and numbers organized. As a small family run CPA firm, we take pride in helping local business owners stay organized and on top of their businesses financial obligations and helping them find a great software system is part of the way we help. Continue reading
Continue reading...
As a Charlotte Business Accountant, I've seen so many bundles of receipts from the shoebox to a garbage bag full of them. I compiled 4 simple tips to help you keep your business records organized. I hope you enjoy them. Continue reading
Continue reading...

The gig economy is growing with each year as more companies turn to using casual labor instead of hiring people to work for them as wage earners. Companies absolve themselves of the need to pay employment taxes while benefiting from Continue reading

Continue reading...
Tax time is here and you're ready to get your taxes filed. Or are you? You may find that you're missing papers such as 1099s for investments or an inheritance that you received and they're not showing up in time for the annual tax filing deadline. Don't panic! Here is a step by step of what to do. Continue reading
Continue reading...