News and Events

What to Do If Your W-2 or 1099 Is Missing or Incorrect

If you have not received your W-2 or 1099 forms, or if the information on them is incorrect, it is important to address the issue quickly. These forms are essential for filing your tax return accurately. Here are the steps you should take: If your form is missing or has errors, reach out to the […]

Due by January 31 – Wage Statements and Information Returns 

The IRS reminds employers and businesses that wage statements and certain information returns must be filed by January 31, 2025. This includes Form W-2 for employees and Form 1099-NEC for independent contractors. Copies must also be provided to employees and contractors by this date. All forms must be submitted electronically or postmarked by January 31. […]

Update your information and be on the lookout for your tax organizer.

As we begin preparing for the upcoming tax season, we kindly ask that you notify us if any of your information has changed. This includes your mailing address, phone number, email address, or banking information. Having accurate and up-to-date details ensures we can communicate with you seamlessly and handle your matters efficiently. Please do not […]

Boost Retirement Savings with the Saver’s Credit

The Saver’s Credit is a valuable tax incentive designed to encourage low- and moderate-income taxpayers to save for retirement. By contributing to retirement accounts such as Individual Retirement Arrangements (IRAs) or employer-sponsored plans like 401(k)s, eligible individuals can receive a tax credit that directly reduces their tax liability. For the tax year 2025, the maximum […]

NC SUTA 2025 Rate Updates: What Employers Need to Know

North Carolina employers, it is time to update your payroll! The Division of Employment Security (DES) has mailed the 2025 State Unemployment Tax Act (SUTA) tax rate assignments. Key updates for 2025: Make sure to update your payroll systems with the new wage base and rate to ensure compliance. If you did not receive your […]

– Action Required – Penalties if BOI Report Not Filed by 12/31/24

You may have a Beneficial Ownership Report (BOI) due by December 31, 2024 or incur substantial penalties for failure to file. This process is not covered under the tax code or under any standard accounting practice; therefore, we cannot file on your behalf. While it may be worthwhile for you to engage an attorney to complete this […]

Alternative Fuel Vehicle Refueling Property Credit

The Alternative Fuel Vehicle Refueling Property Credit is a federal tax credit that encourages individuals and businesses to install equipment that refuels vehicles using clean energy, like electric vehicles (EVs). Here is a breakdown of how this credit works and how you can benefit from it. What is the Credit? This credit lets you claim […]

Rebuilding Financial Records After Hurricane Helene

Reconstructing records after a disaster like Hurricane Helene is an essential step to rebuilding your life, particularly when it comes to financial, insurance, and tax records. Losing documents can feel overwhelming, but with some guidance, you can restore what’s needed. Here are the best steps and resources to help you in the process. IRS Assistance […]

Stay Safe from Hurricane Helene Fraud

In the wake of Hurricane Helene, victims are not only facing the challenges of recovery but also the risk of being targeted by scammers. Individuals may pose as officials or contractors, offering fake services such as repairs or financial aid. Be cautious if anyone asks for upfront payment or personal information—these are common red flags. […]

Important Information for Victims of Hurricane Helene: TAX DEADLINE EXTENDED

Our thoughts and deepest sympathies are with all those impacted by Hurricane Helene, including families, friends, and communities. We understand there are many challenges you are facing in the aftermath of the storm, and we want to offer our support by providing you with important information on the tax relief available to help ease some […]