On April 3, 2023, the North Carolina General Assembly passed legislation that enacted changes to the legislation passed in November of 2021 to the pass-through entity tax (PTET) for qualifying partnerships and S-Corporations filing North Carolina income tax returns. Learn more.
On September 22, 2023, the 2023 Appropriations Act passed the NC General Assembly and became law on October 3, 2023. Taxpayers should be aware of the changes and their effective dates. Learn more.
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. Learn more.
The Internal Revenue Service announced the cost of living adjustments (COLA) for tax year 2024. Click above to view the full listing of COLA updates and a sample Participant Notice.
Retirement plans are designed to help individuals save and invest money over their working years so they can have a stable income during their retirement. There are several types of retirement plans available, each with its own features, benefits, and tax implications. Learn more.
An exempt organization is required to file Form 990-T when it has $1,000 or more gross income from unrelated business. An organization must pay estimated tax if it expects its tax for the year to be $500 or more. Read the full article to learn more.
Non-profit organizations often rely on in-kind donations of various types to carry out their mission. Should these in-kind donations be recorded in your accounting records? Find out more.
There are many risk management strategies to safeguard sustainability of a nonprofit organization, one of which is succession planning. Succession planning is a duty of the board of directors and management of a nonprofit. Read more.
Making sure to keep up with pledges and grant receivables will allow management and the board of directors to clearly see the financial status of the Organization. Find out more by reading the full article.
Nonprofit Bylaws are an important component to helping a nonprofit organization run smoothly, as they provide a guide for both employees and the Board of Directors. Learn more.
