6 min read
Section 179 vs. Bonus Depreciation for Contractors
Introduction When a construction company purchases a truck, excavator, skid steer, crane, trailer, or other major piece of equipment, the purchase...
Tax Planning Services
4 min read
CP2000 Notice: How to Read and Respond
Introduction A CP2000 notice can be alarming, but receiving one does not automatically mean you owe additional tax. It is usually a proposed...
5 min read
Year-End Tax Planning Checklist for Raleigh Individuals
Introduction A year-end review can help individuals organize records, adjust tax payments, and identify retirement contributions or deductions that...
7 min read
Franchise Tax North Carolina: How the Tax Base Is Calculated
Introduction North Carolina franchise tax is generally a tax on the privilege of doing business in the state—not a tax on gross receipts or corporate...
6 min read
WIP Schedule and Surety Bonding for Contractors
Introduction For a construction company, a reliable work-in-process (WIP) schedule is more than an internal accounting report. It connects...
5 min read
October 15 Tax Deadline 2026: What Extended Filers Need to Know
Introduction If you requested an extension for your 2025 federal individual income tax return, October 15, 2026, is generally the final date to file....
7 min read
What Is a Quarterly Estimated Tax Payment?
Introduction Federal income tax generally operates on a pay-as-you-go basis. Employees typically satisfy this requirement through paycheck...
11 min read
Why Tax Planning Should Start Before Tax Season
Introduction By the time you're pulling together W-2s, 1099s, and receipts, most of the decisions that could have lowered your bill are already...
5 min read
S Corporation Tax Planning for Business Owners
Choosing how your business is taxed is an important decision. For some business owners, S corporation tax treatment may reduce employment-tax...
3 min read
Year-End Tax Planning Strategies for Business Owners in Raleigh
Quick Summary: As December 31 approaches, Raleigh business owners should take time to review income, expenses, and upcoming plans to identify smart...