New Obamacare Penalties Surprise Employers

While the ACA lost some of its teeth this year as the individual mandate was removed via tax reform, employers who assume that enforcement against… Read More…

Breweries and Tax Reform

North Carolina, like many states, teems with breweries — as well as brewpubs, distilleries, and other manufacturers. It’s a booming industry nationwide and one that… Read More…

Tax Season Opens Along With Federal Government

The partial government shutdown ended Friday evening, just in time for the start of the tax filing season for individuals. The full IRS workforce thus… Read More…

Final Regulations Released on 20% Deduction for Pass-Through Businesses

Business owners got a bit of good news last week when the IRS released long-anticipated word on how businesses can claim one of the biggest… Read More…

Construction, Contractor Guide to Revenue Recognition

Since 2016, we’ve written with frequency on the changes coming to all industries due to the new revenue recognition standard. The changes, a result of… Read More…

UPDATE: 2019 Tax Season to Open January 28th

Last week, we announced we’d be operating on a “business as usual” schedule regarding tax season. The federal government may have shut down, but we’d… Read More…

How the Government Shutdown Will Affect Your Taxes

The federal government has shut down (again), which means there’s no federal budget in place. That means that funding for many government agencies has run… Read More…

Treasury Lessens the Burden of Parking Tax to Churches, Nonprofits

Churches and other nonprofits that provide parking for their employees are getting a gift from the Treasury Department this holiday season: new guidance that softens… Read More…

Section 199A Proposed Regulations

One of the most talked about and widely misunderstood provisions of the Tax Cuts and Jobs Act of 2017 is Section 199A, a section which… Read More…

Tax Reform in Light of the Mid-Term Elections

With control of the House of Representatives — and with it the tax-writing Ways and Means Committee — flipping solidly into the ‘D’ category this… Read More…