Insights
Prenups Can Serve Many Purposes
Some people may think of prenuptial agreements as asset protection vehicles for wealthy individuals who are about to be married. When a wealthy individual gets engaged, a “prenup” can help safeguard the assets that individual brings into the marriage from passing to...
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...