The North Carolina general sales and use tax rate is scheduled to decrease from 5.75% to 4.75% on July 1, 2011. As a result, 82 counties in North Carolina will have a combined state and county tax rate of 6.75% with 17 other counties taxing at 7%.
Every month, we provide information on how to better use QuickBooks. By implementing the best methods for managing your accounting data, you can actually improve your financial bottom line.
There could be a fine line between being a “rich” organization; having several months of operating reserves…
The editors of Chapel Hill Magazine have announced that Blackman & Sloop, CPAs, P.A. has been selected by our readers as “The Best Accountant” in Chapel Hill.
With the passage of the Patient Protection and Affordable Care Act and the Small Business Jobs Act during 2010, you might have heard of new reporting requirements for Form 1099.
Originally, with the passage of the new health care law, beginning in 2011, employers were to report health care benefits for employees. This amount would be reported on each employee’s form W-2, but it would not affect an employee’s individual taxable income.
If you answered no, you may want to consider the benefits to you and your employees a retirement plan can offer. A few of these benefits are a tax deduction for your contributions, the assets grow tax-free with compounding interest, and it is another benefit you can offer to attract and retain better employees.
The results of a recent survey show that small businesses are poised for progress.
Are you an executor of an estate? The legal and tax ramifications can be daunting. However, Congress has provided some relief from the burden of taxation.
There are credits that are available for both businesses and individuals who operate or participate in a retirement plan. Small businesses can receive a credit of up to $500 a year for the first three years for starting a new pension plan, and individuals can receive up to a $2,000 credit each year for contributing to a pension plan.