About Kathryn Hogan

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So far Kathryn Hogan has created 58 blog entries.

Hobby or Business?

Once people start making money from their hobbies, they frequently start to deduct all of their hobby-related expenses. At this point, the IRS can become very interested in the nature of the taxpayer’s hobby/business. There are certain tax guidelines to keep in mind.Once people start making money from their hobbies, they frequently start to [...]

By | 2017-10-05T11:13:10+00:00 September 28th, 2017|Articles|0 Comments

Don’t Wait To Lower Your Taxes

Don’t let the hustle and bustle of the holiday season keep you from exploring ways to minimize your 2017 income-tax liability. Waiting too long can prevent you from using planning moves that can help reduce your tax bite. Save More, Pay Less Increasing your pretax contributions to an employer-sponsored retirement plan may help you [...]

By | 2017-09-28T13:22:34+00:00 September 28th, 2017|Articles, Business Taxation, Manufacturing, Not For Profit|0 Comments

Governor Cooper Grants Grace Period – Sales Tax Base Expansion Protection Act

This new law defines a grace period for retailers who might have been caught up in the confusion of the changing Sales & Use Tax laws.  According to the new statute, the Department of Revenue shall take no action to assess any taxes due for the filing period from March 1st, 2016 through January [...]

By | 2017-09-28T13:11:37+00:00 September 28th, 2017|Articles|0 Comments

Internal Revenue Service Resources for Nonprofit Organizations

The Internal Revenue Service (IRS) has valuable and interesting guidance and resources available for nonprofit organizations.  Their goal is to make sure your nonprofit stays tax-exempt and complies with filing and reporting requirements. Here are links to the top resources for your reference: Compliance Guide:  IRS Publication 4221 highlights basic information on everything from [...]

By | 2017-09-15T08:58:49+00:00 September 14th, 2017|Articles, Not For Profit|0 Comments

IRS Requirements for Public Charities:

What documents must you make available to the general public? As a public charity, the Internal Revenue Service (IRS) requires your nonprofit organization to make several documents available, should they be requested.  If a request is made in person, you are asked to provide this promptly. If the request is written, you have 30 [...]

By | 2017-09-15T08:59:18+00:00 September 14th, 2017|Articles, Not For Profit|0 Comments

Are You in Legal Compliance in North Carolina?

Use this checklist prepared by the North Carolina Center for Nonprofit Organizations, Inc. to be sure you’re complying with selected laws that govern 501(c)(3) nonprofits in North Carolina. This is not a complete list, but it’s a great start! It's in chart format to make it easy for you to follow. For more information on [...]

By | 2017-09-15T08:59:56+00:00 September 14th, 2017|Articles, Not For Profit|0 Comments

Governor Cooper Signs Additional Tax Changes Into Law

Senate Bill 628 was signed into North Carolina law by Governor Cooper on August 11, 2017 with various changes to business and individual taxes.  All provisions, unless stated otherwise, are effective as of this date. Read this article for a summary of income, franchise and sales tax law changes made by this legislation: Filing [...]

By | 2017-08-31T13:14:37+00:00 August 31st, 2017|Articles|0 Comments

Alamance Community College Day

Gilliam Coble and Moser celebrates Alamance Community College Day on Friday, August 25, 2017. To learn more about Alamance Community College Day visit their website. Pictured below are GCM's current employees who are Alamance Community College Alumni - Amy Steffen, Cheryl Carden, Crystal Payne, Lacey Way and Marti Asher. [...]

By | 2017-08-24T15:12:36+00:00 August 17th, 2017|GCM News|0 Comments

Andrea Lambert Promoted to Senior Accountant

GCM is proud to announce that Andrea Lambert, CPA, has been promoted to Senior Accountant. Andrea joined GCM's Burlington office in 2013.  She has been a valuable asset to our tax team where she prepares income tax returns for corporate entities, partnerships, and individuals. She earned her B.S. and M.S. in Accounting from Appalachian [...]

By | 2017-08-11T21:04:06+00:00 July 31st, 2017|GCM News|0 Comments

North Carolina IRC Conformity Date Update & Technical Changes

The IRC conformity update includes any provisions enacted as of January 1, 2017 that became effective either before of after that date. For corporate tax purposes, federal corrections that must be reported to the North Carolina Secretary of Revenue have been broadened to include federal tax credits that affect the amount of North Carolina [...]

By | 2017-07-25T13:20:55+00:00 June 29th, 2017|Articles|0 Comments