Memorial Day doesn’t always mean rest for the small business owner — depending on what kind of industry you’re in. There’s often a lot of hustle around national holidays (special promotions, big sales, holiday weekend shopping). And debt ceiling deals to make, apparently, since that’s what our government was working on over the weekend. Some… Read More

No one ever really anticipates getting mired in debt in their business. Whether through outside circumstances or business decisions that didn’t quite work out, it happens. Lots of Wilmington business owners find themselves in a difficult place right now trying to figure out a way to salvage their businesses despite burgeoning debt. Even big names… Read More

Memorial Day is next week. The unofficial start of summer. I like to remember that when things are unpredictable and even a bit hairy (like a shifty economy, bank failures, debt ceiling crisis), normal life still goes on. People will still prep their grills. They’ll whip up their mom’s potato salad recipe. Celebrations with friends… Read More

It’s no secret that for many people who get in hot water with the IRS, a very common reason is payroll taxes. For many, they aren’t filing properly, “assuming” that their bookkeeper is handling it or their payroll software. But that isn’t necessarily the case, I’m sad to say. ☹️ So, this week, I thought… Read More

Now, I know that I recently started talking about the new FinCEN reporting requirement and promised a part two… which I’ll absolutely get to in an upcoming blog. But this time I wanted to take the opportunity to speak about the banking “crisis” that has a lot of Wilmington business owners frantically deciding how (and… Read More

  Feeling stressed about your tax debt? You’re not the only Wilmington taxpayer in that boat. According to U.S. News, 1 in 5 Americans with tax debt feel “extremely stressed” right about now. And who can blame you for feeling this way? Rising costs over the past year have taken their toll on wallets everywhere.… Read More

We’ve been watching the unfolding banking “crisis” closely and evaluating what it means for our economy moving forward. Yes, seeing (numerous) banks fail can be unnerving, especially when the economy seems to also be careening toward a recession. The media, of course, is aware of this feeling of unsettledness and is financially motivated to make… Read More

Starting a business is an exciting (and scary) step. Initially, you were equipped with a vision, some basic business know-how, and a plan. You also likely understood that you had tax obligations (you’re a taxpayer after all). However… having a general idea and knowing the specifics are two very different things. I’ve seen some Wilmington clients over… Read More

If you’re doing the books, juggling the hiring, navigating supply problems, delivering work to clients, and thinking about big-picture items for the year … you might be a small business owner. If you’ve got a lot on your mind and more gets added daily? You might be a small business owner. If you don’t have… Read More

For many Wilmington individuals, families, and businesses, it can seem that the government has simply been throwing money around and not paying attention to what is done with it, or collecting what is due. But if you believe that the IRS won’t come hunting for ways to recapture lost revenue … you’d be wrong. Owing… Read More