How To Spend 529 College Funds

In about a month, our kids will head back to school. For some parents, that means new lunchboxes and character backpacks. For the more seasoned…

Supreme Court Issues Ruling on Taxation of Trusts

The Supreme Court issued a huge win for trusts last month, ruling that a trust beneficiary’s residence is not sufficient on its own for a…

How To Select The Right Entity Structure

Selecting an entity structure is one of the most important decisions you’ll make for your company. The decision will impact how much you pay in…

Is This The End of Stretch IRAs and Profit Sharing Plans? Understanding the SECURE Act.

In a landslide vote late last month, the House of Representatives voted to approve the SECURE (Setting Every Community Up for Retirement Enhancement) Act.  If…

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…

What Your Tax Return Is Secretly Telling You

Tax season officially ended on April 15th. Celebrate we did, and the office is admittedly quiet this week and last as our team regroups and…

IRS Relieves Underpayment Penalty For Tax Year 2018

Good news during tax season is welcome news, and the IRS just gave good news to taxpayers who underpaid last year. The IRS announced Friday that…

Income Taxation of Out-Of-State Trusts

The U.S. Supreme Court will soon hear the case of North Carolina Department of Revenue v. the Kimberley Rice Kaestner 1992 Family Trust. The question…

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…

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…