2021 Retirement Plan Limits
As part of your 2021 tax planning, now is the time to review funding your retirement accounts. By establishing your contribution goals at the beginning of each year, the financial …
Latest Posts
PPP Loan Expenses Are Now Tax-Deductible
If you or your business received funds from the Paycheck Protection Program (PPP), the recently passed Emergency Coronavirus Relief Act of 2020 would help to cut your tax bill dramatically. …
More Stimulus Payments on the Way
You could soon see another stimulus payment in your bank account with the recent passage of the Emergency Coronavirus Relief Act of 2020, which means more direct relief to you …
2021 Mileage Rates are Here! New mileage rates announced by the IRS
Mileage rates for travel are now set for 2021. The standard business mileage rate decreases by 1.5 cents to 56 cents per mile. The medical and moving mileage rates also …
Your Home. A Bundle of Tax Benefits.
There are many tax benefits built into homeownership. Here is a review of the most common. It may be worth a quick check to ensure you are maximizing your homeownership …
How to hire your first employee (in NC)
Congratulations, you have created a job and wealth in the economy, thank you for your service! You have hired the key to growing your business to the next level. The value that people bring to a business can be immeasurable. However, now you must pay taxes, ensure you are compliant with local, state, and federal labor laws, and ensure your employee fits your culture!
Some Metrics Every Owner should Know
Some financial and operating metrics every owner should know: 🤝🏿Customer Cost to acquire = money spent on marketing and advertising (including salaries) / customers who bought somethingThis tells you how …
Starting an eCommerce Business
If you are just starting out your small ecommerce business, here is a checklist of tax saving tips and compliance tasks you may have forgotten. Did you:📑Create a business plan✍🏿Incorporate …
How to Start a Business in NC
Here is a free guide on starting a business in North Carolina. The process is similar in many other states. Contact us if you need additional assistance. “May all your …
Employers can offer Tax-free Disaster Relief Payments to Employees
Did you know as an employer you may offer disaster relief payments to your employees tax-free? Some payments that may qualify:💵 Over the counter medications, hand sanitizer, home disinfectant supplies💵 …