W-2 Filing Deadline Approaches The IRS reminds employers and other businesses to file Form W-2 and other wage statements for Tax Year 2022 by January 31, 2023. The deadline also applies to Forms 1099-NEC, Nonemployee Compensation, and Form W-3, Transmittal of Wage and Tax Statements. Extensions are only granted for very specific reasons and penalties… Read More

The IRS extended the tax filing deadline to May 17th, but they did not extend the estimated tax filing deadline. What does this mean for our customers? If your taxes are taken out of every paycheck and you receive a W-2, you do not have to make the quarterly estimated tax payments. If you are… Read More

In the craziness that is 2020, Pandemic Unemployment Assistance has helped many people survive when their places of employment had to shut down. Employees often do not think about the fact that unemployment payments are taxable income. The South Carolina Department of Revenue recently wrote a reminder to help tax payers plan ahead for taxes.… Read More

North Carolina parents who want to receive the $335 covid relief check for families need to file their taxes by October 15. If you have not done your taxes, lived in North Carolina for all of 2019, and have at least one dependent under the age of 17, then contact us on the form below… Read More

The year is wrapping up and tax time is on the horizon. Taxpayers have hopefully been proactive throughout the year in preparing for filing the year’s taxes, and perhaps they are considering ways they might lighten their tax burden. It’s also the holiday season and giving is on our minds. Making donations to tax-exempt charities… Read More

  Summer is quickly flying by and the 2019-2020 school year fast approaches! Students who need to file the 2019 FAFSA will need to use their income from their or their parents 2017 Federal Tax Return. Filing FAFSA and Reporting Taxes The IRS reminds people that there are multiple ways to access the 2017 tax… Read More

Sometimes good news is hard to come by. Dire predictions, crime, and “the sky is falling!” articles get more clicks and reads and air time than any positive report could. And while it’s not been touted in every corner, our area is experiencing steady growth, good numbers, and an altogether positive outlook when it comes… Read More

IRS Proposes Regulations to Global Intangible Low-Taxed Income The Tax Cuts and Jobs Act (TCJA), passed in December 2017, made tax law changes, including adding new rules requiring the inclusion of global intangible low-taxed income generated by controlled foreign corporations (CFCs). Under these rules, taxpayers with 10 percent of the value or voting rights in… Read More

The South Carolina Infrastructure and Economic Development Reform Act was enacted last year. This included a motor fuel user fee increase of 2 cents per gallon beginning July 2017, with additional 2 cent increases in July of each year for the next five years, to help pay for transportation system repairs and improvements. To help… Read More