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;…
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…
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…
Thinking about making a small business investment in 2022?
Tax planning is very important. Are you considering making a small business investment this year or next? If you pursue a new opportunity WITHOUT proper tax planning, there could be…