The end of the year, that is. That means that for your business’s financial reporting, this is go time. Now that we’re into December, time is short to take care of your year-end accounting. This is something we specialize in so be sure to get on our calendar to set up your EOY tax planning… Read More

Often, when you’re faced with IRS debt, there are other nasty little financial problems that can crop up. I have to tell you though, as I sat down to write this, it made me think about some clients that I’ve walked with over the years who fought their way — successfully — out of debt… Read More

Does your family sit around the table at Thanksgiving dinner and share something they’re thankful for? I’ve been at those holiday meals many a time. I appreciate the intent, and will admit it’s usually effective in getting me to feel more grateful, but I do wish those hosts would generally restrict the “I’m thankful for”… Read More

Anyone else jump on all those great online Black Friday deals this year? There were a bunch. But, if you chose an online purchase because of the ease of returning said item, you might want to check the return policy. Looks like quite a few retailers are charging for online returns now. Puts a bit of a… Read More

End-of-year can be a bit of a scramble as a business owner. So, before we get into holiday craziness, a friendly reminder: year-end is also your prime opportunity to make the calendar work in your favor as a business. From year-end profitability analysis to staff bonuses to marketing initiatives to capture year-end spending … do not neglect… Read More

The events of 2020 were both a reprieve for Coastal Southeastern NC taxpayers (like you) and a nightmare for tax pros (like me). And the complications of that year and the one following created a backlog for the IRS. That’s one of the reasons they shut off the reminder notices to non-filers and those with… Read More

Though the days are getting shorter and the weather is taking a turn, there are some great revenue reasons to get excited about the next two months. As we round the bend into Black Friday territory (which for many began at the end of October), it’s time to get nimble with your business plans. We… Read More

You might remember this little story from last year when an ex-IRS contractor pleaded guilty to leaking President Trump’s private taxpayer information along with many other wealthy individuals. It brought the IRS’s ability to secure taxpayer data into question along with a demand for better security measures as they continue to hire and train a new workforce… Read More

Joe came into my office with a pile of letters. Some were unopened, but one that drove him to make an appointment with me was from the state department of revenue. That one was the Intent to levy or garnish from his state department of revenue. He figured that he had taxes withheld from his… Read More

I recently met with a long-time client regarding his starting a new business. I reminded him that they must consider keeping business and personal expenses separate. In the eyes of the IRS when you co-mingle personal and business and are ever audited all your legitimate expenses can be denied. Even with receipts and logs and… Read More