A Good Foundation is Healthy Financials!
The foundation of a growing company is having accurate and up to date financials that give you a clear picture of what’s happening in your business. From setting up your…
2023 IRS Business Mileage Increase Announced!
Internal Revenue Service announced an increase in the optional standard mileage rate beginning January 1, 2023. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of…
Bookkeeping Tips: Understanding Your Chart of Accounts
Understanding your Chart of Accounts is key to creating accurate financials statements. Your Chart of Accounts is a complete list of the ledger accounts you will use to record transactions…
Get Organized! Your Small Business Will Thank You!
If there is one thing I’ve learned while running a small business, it’s that nothing gets accomplished without organization. While there must be room for “creative freedom” in most industries,…
Sales and Use Tax Part II
Sales and Use Tax for Business in North CarolinaPart II: Nexus Last month’s blog covered what sales and use taxes are, as well as how businesses file and pay them….
Sales and Use Tax in NC
Sales tax is a large topic. In this portion, we will define the different types of tax and tax rates as well as answer questions about how to pay and…