In a recent summertime tax tip, the IRS provides a quick primer on rental income and expenses, with an emphasis on rules for vacation homes. The amount of income and expenses that can be claimed depend on many factors, including…
In a recent summertime tax tip, the IRS provides a quick primer on rental income and expenses, with an emphasis on rules for vacation homes. The amount of income and expenses that can be claimed depend on many factors, including…
In a move that had been in the works for a while, the Financial Accounting Standards Board (FASB) officially voted to delay its new revenue recognition standard by one year. Financial statement preparers had complained that there was not enough…
Since June 30th is the end of the fiscal year for many non-profits, you probably got a lot of mail and e-mail about donating to these organizations over the last month or so. If you took the opportunity to donate…
The IRS is reminding taxpayers with foreign assets that they may be subject to a pair of June deadlines. Reporting of foreign assets and income has been a particular focus of the IRS over the past few years, and we…
With hurricane season starting this week, the IRS is reminding taxpayers to keep their tax records safe and giving tips on how to do it. Though Charlotte generally doesn’t bear the brunt of hurricanes, we think these tips are very…
Nobody likes to talk about failure, but any entrepreneur knows it’s the elephant in the room. Starting your own business is an inherently risky venture, but startups need to address those risks as aggressively as possible. Jared Hecht at Inc….
Over the past few weeks, we’ve come across several articles talking about some less common but potentially useful ways which small businesses can obtain funding. In an environment where traditional small business loans are getting harder to come by, small…
Yesterday, the Supreme Court ruled on Tibble v. Edison International, and the result is something that all plan sponsors should take note of. Several employees of Edison sued the public utility holding company because they believed that, as plan sponsor,…
A quick reminder that tax-exempt organizations who use the calendar year as their tax year must file the appropriate Form 990 or an extension by May 15th. For more details, see http://www.irs.gov/uac/Newsroom/Many-Tax-Exempt-Organizations-Must-File-with-IRS-by-May-15
With April 15th just a couple days away, we want to remind everyone that taxpayers can receive a six month extension to file their taxes. As always, we remind you that it is not an extension for payment as your…