Employee Retention Credit (ERC)
The ERC is a refundable tax credit designed for businesses who continued to pay employees while shutdown due to the COVID-19 pandemic or had significant declines in gross receipts from…
Optimize with Tax Planning
Optimize with Tax Planning While it may seem like you just finished dealing with your business taxes, as a small business owner, now is a great time to be working…
TRUST ACCOUNTS: WHAT ATTORNEYS SHOULD KNOW
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 the firm or…
What is the Difference between an S corp and an LLC?
I own a small business and I am confused. Which would be best for my company? Here are some things to consider: LLCs can have an unlimited number of members;…
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…