Find out who qualifies for employee business expense deductions and how to claim them. Employee business expenses can add up quickly, but did you know that you may be eligible to deduct some of these expenses on your tax return? Understanding which expenses are deductible and who qualifies for these deductions can help you maximize…
Understand the tax implications of receiving Social Security benefits. If you’re receiving Social Security benefits, it’s essential to be aware that a portion of your benefits may be subject to federal income tax. Understanding the tax implications of your Social Security benefits can help you avoid surprises come tax time. Here’s what you need to…
Tips and advice for small business owners looking to secure financing. Securing financing is a common challenge for many small businesses in Greensboro, NC, Raleigh, NC, and the surrounding areas. Whether you’re just starting out or looking to expand your existing business, having access to capital is essential for growth and success. Here are some…
How remote work can affect your taxes and what you need to know. In recent years, remote work has become increasingly common, with many individuals now working from home either part-time or full-time. While remote work offers flexibility and convenience, it can also have implications for your taxes. If you’re working remotely in Greensboro, NC,…
Learn the difference between taxable and nontaxable income and how it affects your tax return. Understanding the difference between taxable and nontaxable income is essential for individuals and businesses alike. Knowing what income is subject to taxation can help you avoid potential tax problems and ensure that you’re in compliance with the IRS. Here’s what…
Understand the rules for deducting business meals on your tax return. Good news for business owners in Greensboro, NC, Raleigh, NC, and the surrounding areas: The IRS has extended the full deductibility of business meals through 2024. This means that you can fully deduct the cost of business-related meals as long as certain requirements are…
The COVID-related Tax Relief Act of 2020 The Consolidated Appropriations Act, 2021, H.R. 133 included funding for the government, extensions for expiring tax extenders, tax relief under the COVID-related Tax Relief Act of 2020, and many more items. Passed by both the House and Senate, it was signed into law by President Trump on December…