Electric Vehicles – Update on Eligible Cars
Since the passing of the Inflation Reduction Act (IRA) of 2022, rules and limitations surrounding the Clean Vehicle Credit have become more complex. Read more about the updates.
Gambling and Taxes
The United States is currently experiencing a gambling boom. As gambling expands across the U.S. in the form of casinos, sports betting, fantasy sports leagues, lotteries and more, it’s important to understand the income tax implications of gambling winnings and losses. Find out more.
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.
Vacation Home Rental Rules
If you own a second home that you are considering renting, you should understand the tax impacts. Click here to learn more.
Hobby or Business?
What started out as a hobby may be a business! Read this article for information to help determine if your hobby is really a business.
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.
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.