by Emily White | Jul 1, 2024 | Business Consulting, Healthcare, Hospitality & Restaurants, Professional Services, Real Estate & Construction, Strategic Financial & Outsourced Accounting, Tax Watch
Important Information for Professionals and Businesses: Effective July 1, 2024 the North Carolina Department of Revenue (NCDOR) has repealed the requirement for certain professions and businesses to obtain a yearly privilege license. N.C. Gen. Stat. § 105-41 is...
by Milton Howell, CPA | May 9, 2024 | Audit and Accounting, Business Consulting, Business Valuation, Manufacturing & Distribution, Professional Services, Real Estate & Construction, Tax Watch
Beneficial Ownership Information (“BOI”) reporting is a new federal law requirement estimated to impact more than 30 million businesses beginning January 1, 2024. In general, any entity, domestic or foreign, created by filing a document with a secretary of state (or...
by Mike Smith, CPA, CHBC | Nov 28, 2023 | Fraud, Healthcare, International, Manufacturing & Distribution, Professional Services, Real Estate & Construction, Tax, Tax Consulting, Tax Watch
Executive Summary A new federal law will require small business entities to submit their beneficial owners’ identification documents to a federal database in 2024. Aimed at combatting global financial crime, the Corporate Transparency Act (CTA) will affect an...
by Drew Haddock | Jul 11, 2023 | Business Consulting, Real Estate & Construction, Tax, Tax Consulting, Tax Watch
On June 13, 2023, the Ways and Means Committee of the U.S. House of Representatives voted favorably on H.R.3937, the Small Business Jobs Act (SBJA). Supporters say the bill would help small businesses and gig economy workers, encourage small business investment and...
by David A. Mize, CPA | Mar 14, 2023 | Business Consulting, Hospitality & Restaurants, Manufacturing & Distribution, Mergers & Acquisitions, Real Estate & Construction, Tax, Tax Consulting, Tax Watch, Transportation & Trucking
In many cases, businesses simply pay state and local income taxes without giving them much thought. These taxes are often far less than federal tax obligations, so they are not as intimidating. However, state and local taxes actually make up a significant portion of a...
by Milton Howell, CPA | Nov 16, 2022 | Business Consulting, Professional Services, Real Estate & Construction, Tax, Tax Consulting, Tax Watch
The purpose of this memo is to alert you to a tax issue which has penalized you since 2018, and an opportunity to mitigate this – new for 2022. After you have had a chance to digest this information, please reach out to your DMJPS contact to discuss whether you should...
