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IRS Warns of Fake Tax Bill Emails

IRS scams are rampant, both via phone and email.  This new warning by the IRS and its Security Summit partners is a good reminder as we wind into Q4 that these scams are on the rise.  Remember that the IRS … Continue reading

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Fall IRS Deadlines Approaching

As deadlines quickly approach for both corporate and individual tax payers, please be on the lookout for emails or calls from our office.  If you have any questions about your tax bill or receive any notification from the IRS please … Continue reading

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Back to School IRS Scam Reminder

As students go back to school we typically see a rise in telephone scams targeting students and parents – be on the lookout for these telephone scammers.  They commonly demand wire payment for fake taxes such as a ‘federal student … Continue reading

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An Accounting Throw Down? Addressing H&R Block

Have you seen H&R Block commercials recently? They’re getting a lot of attention for being misleading and questioning the professionalism and competency of CPAs, especially from the AICPA, which has been outspoken about the campaign. To quote the H& R … Continue reading

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IRS, States and Tax Industry Deploy New Safeguards for 2016

New protections and technological security systems have been created and put into place by the IRS in order to thwart the efforts of criminals attempting to cash in on fraudulent tax returns. It’s necessary for the IRS and the government … Continue reading

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Important 2015 Tax Updates

Our 2015 Tax Newsletter has been released.  Included in this year’s newsletter: Important federal tax changes Updated regulations and rules Information on health care and your taxes Reminders for businesses and corporations As always, if you have any questions about … Continue reading

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What you need to know about health insurance & taxes

We receive many calls about the health insurance requirements under the Affordable Care Act. Below we outline, in plain English what is defined as coverage, how exemptions work and how the penalties are calculated. If you are a U.S. citizen … Continue reading

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Tax Year 2015 Business Tax Updates

As we move into 2016, here are a few tax updates and reminders you should be aware of: Florida Minimum Wage as of 1/1/16 – $8.05 ($5.03 for tipped employees)  North Carolina Minimum Wage as of 1/1/16 – $7.25 (equal … Continue reading

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North Carolina 2015 Tax Changes

The following tax changes impact only those individuals and businesses filing state taxes with the State of North Carolina for 2015. Tax Rate – 2015 and 2016 Individual Tax rate is 5.75% (down from 5.8% in 2014). Set to be … Continue reading

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Tax Changes to Know for Tax Year 2015

Tax breaks, credits and values change each year. Every year many tax breaks are adjusted for inflation. We’ve complied a list of tax changes that may be valuable to you for Tax Year 2015. Tax Brackets: The income range has increased … Continue reading

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