NC Franchise Taxes Increase for Certain Taxpayers

by | Mar 15, 2017 | Blog

Some of our C and S Corporation clients are seeing significantly higher franchise taxes from the state of North Carolina for tax year 2016. In 2015, the legislature passed House Bill 97 which made significant changes to North Carolina’s tax structure. As part of...

Electronic Tax Payment Options for Individuals

by | Mar 15, 2017 | Blog

Today’s world is becoming more and more electronically driven and individual tax payments are no exception. In response, the Internal Revenue Service as well as the North Carolina Department of Revenue have developed online payment systems which allow taxpayers to pay...

Defined Benefit Plans for Closely Held Companies

by | Mar 15, 2017 | Blog

Traditional defined benefit plans, structured to provide a lifelong pension, have become rare in the private sector. They’re still the norm for public sector employers; some large companies continue to offer plans. Ironically, these plans might be a good fit for...

Thomas Crawford promoted to TJT Tax Partner

by | Jan 18, 2017 | Blog

Thomas, Judy & Tucker is proud to announce the promotion of Thomas R. Crawford Jr. to the position of Tax Partner. Thomas has been with the firm since 2012. His primary focus is on commercial construction contractors, manufacturing/distribution companies and...

2016 Individual Tax Organizers

by | Jan 18, 2017 | Blog

2016 Individual Tax Organizers will be sent out to clients within the next week. If TJT prepares your individual return, your tax organizer will be sent to you either electronically through our secure portal or a paper copy will be mailed to you. Please take the time...

Automatic Enrollment Retirement Plans

by | Jan 18, 2017 | Blog

Some states have passed laws requiring employers, including many small businesses, to offer retirement plans to employees. Other states may follow in the coming years, with some form of a mandate. Often, these rules have an automatic enrollment feature. Automatic...

TJT in the Community

by | Dec 4, 2016 | Blog

On October 26th, TJT employees gathered to make fleece tied blankets for Project Linus. Our 25 volunteers donated the material, money and time needed to make 19 blankets which will be delivered to seriously ill or traumatized children served by local hospitals and...

Year-End Retirement Tax Planning

by | Dec 3, 2016 | Blog

Many people save money for retirement in a traditional IRA. The funds might have come from annual IRA contributions, or from rolling over an employer sponsored retirement account such as a 401(k). Either way, the dollars in your traditional IRA are probably pretax, so...