If you're near retirement — or already there — market dips hit differently. When you're still in your 30s or 40s, a downturn is just a blip on a long timeline. When you're in your 50s, 60s, or beyond? It feels a lot more personal. A lot more...
UNDERSTANDING REASONABLE CAUSE ABATEMENT Reasonable cause abatement is a provision that allows taxpayers to request the removal of certain penalties based on circumstances that prevented the taxpayer from complying with tax laws. This relief is grounded in the principle that, despite the taxpayer’s best efforts, compliance...
If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don’t know about – or one that you do know about but are ignoring. Either situation can come back to bite you. When...
If you’ve ever wanted to slice and dice your financial data in QuickBooks® Online without changing your chart of accounts or creating new classes or locations, you’re in luck. The Tags feature in QuickBooks® Online offers an intuitive, flexible way to track transactions across any...
Here is what the firm has been up to since our last newsletter. Volunteerism/Community Events: On July 15th, our team had the privilege of volunteering at the SECU Family House at UNC Hospitals in Chapel Hill — preparing and serving meals for patients and their families who...
