Individual Taxation

2023 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. Your tax picture - and the tax law - may change from year to year. Check out the 2023 GBM Year-End Year-Round Tax Planning Guide.

By |2024-01-26T15:55:55-05:00January 26th, 2024|Articles, Individual Taxation|0 Comments

Tips for Preparing Business Personal Property Tax Listings

Any individual or business owning or possessing personal property used or connected with a business (or other income generating purpose) must file a business personal property tax listing annually. Find out tips for preparing your property tax listing.

By |2024-01-19T15:00:36-05:00January 19th, 2024|Articles, Business Taxation, Individual Taxation|0 Comments

Charitable Deductions of Non-Cash Items — When Are You Required to Substantiate?

Numerous reputable charities embrace various kinds of assets or property (e.g., clothing, household appliances, furniture, artworks, and etc.) to support their charitable mission. The non-cash charitable contributions, however, must satisfy rigorous substantiation criteria to qualify for the deduction. Read more.

By |2023-12-22T16:48:06-05:00December 22nd, 2023|Articles, Individual Taxation, Not For Profit|0 Comments

NC Pass-through Entity Tax and How it Impacts Individual NC Resident Returns

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.

By |2023-12-18T20:52:38-05:00December 18th, 2023|Articles, Business Taxation, Individual Taxation|0 Comments

Recent Updates Regarding the North Carolina Budget Bill

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.

By |2023-12-18T20:29:03-05:00December 18th, 2023|Articles, Business Taxation, Individual Taxation|0 Comments

Introduction to Different Types of Retirement Plans

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.

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