by Sara Maddox | Mar 12, 2025 | Tax Watch
More often than not, it is a specific event which triggers a company or an advisor to request a business valuation. This can be from a tax reporting event (estate reporting, gift tax reporting, charitable contribution), litigation or divorce, or desire to sell or...
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,...
