Are you confident you are doing everything you can to minimize your income taxes? If not, it may be time for a fresh look. Click above to check out the 2021 Tax Planning Guide.
Due to the recent surge in gasoline prices, the Internal Revenue Service (IRS) has revised the optional standard mileage rate, increasing it by 4 cents for the remainder of 2022. Click above to learn more.
Investing in an electric vehicle can be an effective way to reduce the environmental impact of gasoline emissions and cope with rising gas prices. IRC §30D provides a credit for qualified plug-in electric motor vehicles. Click above to learn more.
On November 18, 2021, North Carolina State Governor, Roy Cooper, signed the Current Operations Appropriations Act of 2021 (the Act). Click to learn more.
As part of the COVID-Related Tax Relief Act of 2020 (the Act) signed into law on December 27, 2020, the tax credits for paid sick and family leave have been modified and extended. Click here to learn more.
On December 27, 2020, President Trump signed into law the Consolidated Appropriations Act of 2021. Click above to read more about the provisions affecting businesses.
On December 27, 2020, President Trump signed into law the Consolidated Appropriations Act of 2021. Click above to read more about the provisions affecting individual taxpayers.
Congress has developed a new COVID-19 stimulus package that includes income tax relief for Paycheck Protection Program loans. Click to learn more.
The 2021 payroll tax rates and auto mileage rates have been released. Click above for the complete list of rates.
The SBA has continued to provide updated guidance based on new legislation and to address many of the questions and concerns Borrowers have as they move closer to applying for loan forgiveness. Click to learn more.