by Rollin Groseclose | Mar 10, 2025 | Tax, Tax Watch
The Treasury Department’s approach to Beneficial Ownership Information (BOI) has seen significant updates recently, including new guidance. Beneficial Ownership Information (BOI) refers to the details about the individuals who ultimately own or control an...
by Sara Maddox | Feb 25, 2025 | Business Consulting, Business Valuation, Manufacturing & Distribution, Mergers & Acquisitions, Tax Watch
Regular business valuations provide key insights for growth, risk management, and future planning. Here are three key takeaways: Enhancing Strategic Decision-Making: Gain insights into financial health to make informed business decisions. Optimizing Growth and Risk...
by Laura Hartley | Feb 13, 2025 | Tax Watch
Preparing for an audit can seem daunting, but with the right steps, you can ensure a smooth and efficient process. Here’s a step-by-step guide to help you prepare effectively for your upcoming audit. 1. Start Early Engagement Letter: Begin by securing an...
by April Westmoreland | Nov 6, 2024 | Tax Watch
Nonprofit leaders face great responsibility, especially when understanding the legal and tax requirements involved in managing a tax-exempt organization. Specifically, nonprofit leaders need to understand excise tax related to nonprofits to avoid potential fines,...
by Samantha Suozzi | Nov 5, 2024 | Business Consulting, Manufacturing & Distribution, Tax Watch
On October 25, 2024, the NC Department of Revenue issued Directive TA-24-1. Part II allows taxpayers in eligible counties to request relief from the assessment of interest on unpaid taxes due to Hurricane Helene. Also eligible are those taxpayers whose tax preparer,...
by Greg Miller | Oct 7, 2024 | Business Consulting, Hospitality & Restaurants, Manufacturing & Distribution, Professional Services, Real Estate & Construction, Resources, Tax Consulting, Tax Watch
In September 2024, Hurricane Helene brought unimaginable destruction to our neighbors, friends, and clients in western North Carolina, South Carolina, and eastern Tennessee. In the past month alone, our state experienced storm damage from Hurricane Debby in the east...
