Paycheck Protection Program (PPP) Accounting
Paycheck Protection Program (PPP) Accounting So you applied for the PPP loan and have gotten notification that the funds are on the way. What do you do next? The CARES…
TRUST ACCOUNTS: WHAT ATTORNEYS SHOULD KNOW
Client Trust Accounts Client trust accounts come with stipulations, and small business attorneys need to stay compliant with certain requirements. These accounts hold money or property safely and separately from…
Reporting Payments on 1099-MISC Form
1099-MISC Forms As a business owner, you likely have had to report payments on a 1099-MISC form to one or more of your vendors who provide services for your business….
Sales and Use Tax
Sales and Use Tax for Business in NCPart II: Nexus Last month’s blog covered what sales and use taxes are, as well as how businesses file and pay them. We…
Sales and Use Tax in NC
Sales tax is a large topic, so we’ll separate this into two parts, with July’s portion focusing more on nexus. In this portion, we will define the different types of…
Employee Fraud: Can I Really Prevent It?
Almost a third of all businesses fail as a direct result of undetected employee fraud. Fraud typically arises from a motive for personal gain, a perceived opportunity, or a rationalization. …