Insights
Steps to Identify a Phishing Email
Phishing attacks from malicious hackers are becoming more prevalent in an age where we exchange information and data electronically through email. Given the sensitive nature of their businesses, law offices and CPA firms are natural targets for phishing attacks....
Defending Against WannaCry
As you may have heard, this past Friday hundreds of thousands of computers worldwide became infected with a computer virus known as "WannaCry" (or "WannaCrypt"). This virus spread rapidly due to a vulnerability in Microsoft Windows that was patched in March of this...
Update on Sales Tax for Real Property Contracts and RMI Services
The North Carolina Department of Revenue recently issued additional guidance regarding the sales tax treatment of real property contracts and retail sales of repair, maintenance, and installation services to real property. This update includes a list that provides...
NC Franchise Taxes Increase for Certain Taxpayers
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 those...
Electronic Tax Payment Options for Individuals
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
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...