Working as an independent contractor in Concord, NC, means you're classified as a sole proprietorship by the IRS and are considered to be a small business based in North Carolina. You're getting paid to do work without getting taxes taken out of your check along with enjoying the freedom that comes with working your own hours. But that income you earn is reported to the IRS and is something you have to pay taxes on at a higher rate than you would pay as a W-2 employee. That means you can wind up with a nasty tax bill by the time April 15th comes around Continue reading
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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
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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
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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
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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

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