Year-End Year-Round Tax Planning Guide
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 2022 Tax Planning Guide.
Mandatory Capitalization of Research and Experimentation Expenditures
Research and experimentation, also known as R&E, is an essential component of operations for businesses across a variety of sectors. Significant developments to the tax treatment of R&E costs will take effect for the 2022 tax year. Read this article to find out more.
Tips for Preparing Business Personal Property Tax Listings
Click above for some tips on preparing a complete and accurate business personal property tax listing for the county in North Carolina in which the property is located.
GBM LINKS Organizer
Ever wonder “What information does Gilliam Bell Moser need to complete my business’s tax return, and how will I get it to them?”? We have the answer! Our LINKS Organizer is the right tool for the job. Click above to learn more.
NC Pass-through Entity Tax Election (NC PTET Election)
North Carolina Pass-through Entity Tax: As the end of 2022 is within sight, pass-through entities need to consider whether any action is required by year-end. Click above to learn more.
Are You Withholding The Right Amount For Your Taxes?
Taxpayers should review their income tax withholding amount periodically, or when there is a major life event that could significantly impact their tax return. Click above to learn more.
Storing Your Tax Records
There are guidelines that you should follow to help you decide which tax documents can go and which should stay in your files. Click on the article above to read more about the guidelines.
IRS Announces Standard Mileage Rate Increase Beginning July 1, 2022
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.
Qualified Plug-In Electric Motor Vehicle Credit
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.
The Current Operations Appropriations Act of 2021
On November 18, 2021, North Carolina State Governor, Roy Cooper, signed the Current Operations Appropriations Act of 2021 (the Act). Click to learn more.