Passing the Tests for Entertainment Deductions

If you’re a business owner, you probably entertain customers, prospects, employees, suppliers, and others. Such outlays may be deductible, whereas others are in a gray area. If you know the rules, you can support your deductions and withstand IRS scrutiny. Direct...

Do Well While Doing Good with a Charitable Gift Annuity

You may want to “give something back,” with a substantial charitable donation but fear relinquishing assets you’ll need for living expenses. In this situation, consider funding a charitable gift annuity (CGA). Many charities and other nonprofit organizations offer...

Firm Recognition and New Hires

Jeff Brovet, audit partner, was awarded the William P. Eyerman Award by the Triangle Commerical Association of Realtors at their Frontier Awards held on February 27th.  This award was in recognition of Jeff and TJT’s contribution to the Association and to the...

Taxes For Small Business Owners

If you are rather new to the field of business and you are the owner of a small business, you might be solely focusing on the tax on your profit at the moment. Unfortunately, there are more taxes to worry about, and these next few liens will shed the light on some of...

Tax Breaks for Supporting a Parent

The fabled Baby Boom began in 1946, right after World War II. Therefore, the oldest Baby Boomers reached 66 in 2012, which is now the full retirement age for Social Security. As millions of Boomers near and reach retirement, however, many are feeling family-related...