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7 Root Causes of Delegation Issues

If DIY is your CEO mantra, you’re doing it wrong. A manager’s role is two-fold: to increase productivity and to raise up the next generation of leaders in the organization. Delegating ensures that more tasks get done in less in time, but also builds that critical team capacity necessary for effective succession planning.  When done […]

New Rules and Due Dates for Partnerships and C Corporations

A combination of legislative decisions, including the recent PATH Act of 2015 and pronouncements by IRS, have changed the rules that apply to business partnerships and have ushered in new due dates for business returns.  If you’re doing business as a C or S corp, take note.   The new rules may warrant a current review of […]

FAFSA Changes Impact Filing Deadline (and how you may have to file it twice this year)

Significant changes to the Free Application for Federal Student Aid (FAFSA) are upon us, and the time to apply for financial aid for the 2016-17 school year is now. On September 14, 2015, President Obama announced changes to the FAFSA that greatly impact the financial aid process.  Starting this year, students will be able to: […]

The Sun Sets on North Carolina’s Solar Tax Credit

North Carolina’s 35% tax credit for solar and other renewable energy projects officially died December 31, delivering a fairly decent blow to the rapidly growing solar market in the state.  How did we get here?  More importantly, how can NC solar companies move forward with their expansion plans despite this expired credit? Background North Carolina […]

2015 in Review: Court Rulings and Tax Legislation

A lot of our attention recently has focused on the passage of multiple tax extenders at year end, and with good reason.  Making those provisions permanent helps small businesses and families alike, and allows us to plan with much more certainty as we move forward into 2016.  But tax extenders legislation wasn’t the only important […]

Omnibus Bill Impacts Obamacare

It’s official.  President Obama has signed the Omnibus Bill, funding the federal government through the end of the 2016 fiscal year.  And while the bill made permanent some tax extenders, it delayed three key Obamacare taxes, forcing the president to make his biggest concessions yet since the ACA was passed.   Most significantly, the new […]

A Gift from IRS: Tax Season To Start On-time

Early this week IRS announced that the 2016 filing season will start on time.  There are a few small changes to note, however. This year, the IRS will begin accepting paper and electronically filed returns on Monday, Jan. 19, 2016. This is one day ahead of last season’s start date.   The date will apply to […]

Congress Moves on Tax Extenders

The day we’ve been waiting for has finally arrived.   52 provisions of the tax code expired at the end of 2014, leaving us all quite uncertain about the fate of 2015 returns.  Among those expired provisions were powerful business incentives and ones designed to help struggling families and homeowners.  It’s all come roaring back. […]

The Federal Reserve Raised Interest Rates. Now what?

While all eyes are on Congress this week as it works out a budget deal and attempts to avert another government shutdown, the Federal Reserve moved to end an extraordinary period of near-zero borrowing rates.  The Fed raised interest rates this week from record lows set at the depths of the 2008 financial crisis, signaling […]

New FDA Regulations Impact Craft Brew Industry

North Carolina loves its beer but new legislation under the Food and Drug Administration (FDA) may drive prices up and limit variety. The FDA’s Food Safety Modernization Act (FSMA) is a sweeping reform of food safety laws that was signed into law by President Obama in 2011.  The FSMA’s aim is to make food regulation […]