Relief For Opportunity Zone Investors, New Markets Tax Credit Thanks To Coronavirus

If you were engaged in Opportunity Zone investment or New Markets Tax Credit transactions but were held up due to delays caused by coronavirus, take…

Relief For Individuals and Businesses Whose Tax Residence Affected By Coronavirus Travel Disruptions

The IRS will provide relief to individuals and businesses whose tax residence might be affected by cross-border travel disruptions — such as canceled flights, border…

Misconceptions and Missed Opportunity: The $250,000 tax credit you may be missing.

Qualified small businesses may be eligible to apply up to $1.25 million—or $250,000 each year for up to five years—of the federal R&D credit to…

How To Save For Retirement AND Grow Your Business

Let me cut right to the chase: Selling a business is not a retirement plan. Yet, too often, it’s the only plan business owners seem…

Passage of Craft Beer Bill Eases Production, Distribution Limits in NC

North Carolina beer lovers, rejoice. The passage of a bill late last month, the Craft Beer Distribution and Modernization Act, allows your favorite NC brewer…

Bonus Depreciation, safe-harbor rules issued for vehicles (and 4 other tax provisions business owners need to know about using their cars for work)

The IRS has recently provided a safe-harbor method to determine depreciation deductions for passenger automobiles that qualify for the 100% additional first-year depreciation deduction and…

Tax Reform Will Likely Boost Neighborhood Revitalization Efforts

Here in the Carolinas, we’re no strangers to revitalization efforts. The view from my office in our SouthEnd (Charlotte) location tells the tale. Once an…

Cost Segregation Study Savings Increase With Tax Reform

Tax reform brought major changes, and we’ve covered them extensively in our blogs: lowering of the corporate tax rate, lower rates for “pass through” entities,…

Living or Doing Business Outside the U.S.? Here’s what you need to know about tax reform.

The Tax Cuts and Jobs Act fully transformed the tax code and, in many ways, made it much simpler. But for those Americans living abroad,…

Mergers and Acquisitions: Basics for Small Business.

Mergers and acquisitions. What does that mean to you? Do you picture big city investment bankers and corporate raiders, Fortune 500 companies, hostile negotiations, confusing…