While provisions in the One Big Beautiful Bill apply at the federal level, North Carolina has not conformed to the new law, creating notable divergences between federal and state tax treatment. Read the full article to learn more.
Are you confident you are doing everything you can to minimize your income taxes? If not, it may be time for a fresh look. Check out the 2025 Year-End Year-Round Tax Planning Guide.
Tax-related identity theft is unfortunately here to stay. Taking proactive steps such as requesting an Identity Protection PIN (IP PIN) from the IRS can help prevent fraudulent tax filings. Learn more.
Taxpayers should review their income tax withholding amount periodically, or when there is a major life event, to make sure that these events don't have a significant impact when it comes time to file their tax returns. Read more.
In order to exclude the gain on the sale of your primary residence from your taxable income, you must pass two tests: ownership and use. Read the full article to learn more.
Once you’ve filed your income tax return, you may be tempted to clean house and get rid of some of your old records that are taking up space. Read this article to help you decide which items can go and which should stay in your files.
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. Learn more.
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 access the 2024 Year-End/Year-Round Tax Planning Guide.
Beginning January 1, 2024, many businesses are required to comply with the Corporate Transparency Act (CTA). It is anticipated that 32.6 million businesses will be required to comply with this reporting requirement. Click above to read the full article and learn more about the new requirements.
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.
