Articles

7 10, 2017

Dancing with the Little Pink Stars

By | 2017-07-31T15:15:36+00:00 October 7th, 2017|0 Comments

Come check out Brad Moser dance with the Little Pink Stars.  This event is to benefit Little Pink Houses of Hope.  Their mission is "To promote breast cancer recovery by offering opportunities for survivors to reconnect and celebrate life." This organization is close to Brad's heart.  He knows the impact of breast cancer personally as [...]

17 08, 2017

Alamance Community College Day

By | 2017-08-17T13:18:31+00:00 August 17th, 2017|GCM News|0 Comments

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. [...]

31 07, 2017

Andrea Lambert Promoted to Senior Accountant

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

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 [...]

29 07, 2017

North Carolina General Assembly Overrides Governor’s Veto of Budget Bill

By | 2017-07-31T15:42:23+00:00 July 29th, 2017|Articles, Business Taxation|0 Comments

On June 28, 2017, the North Carolina General Assembly voted to override North Carolina Governor Roy Cooper's veto of the budget bill for fiscal years 2017-2019, effectively passing the Republican-led bill into law.  The enacted legislation, effective July 1, 2017, contains changes to several business and individual income tax laws. Income Tax   Reduced [...]

29 07, 2017

S Corporation Owners: Are You Taking a Paycheck?

By | 2017-07-31T15:23:12+00:00 July 29th, 2017|Articles, Manufacturing|0 Comments

Over the years, the IRS has made a point of warning S corporations not to attempt to avoid federal employment taxes by having corporate officer/shareholders treat their compensation as cash distributions, payments of personal expenses, or loans instead of as wages. According to the IRS, distributions must be treated as wages to the extent [...]

29 06, 2017

North Carolina IRC Conformity Date Update & Technical Changes

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

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 [...]

29 06, 2017

Think Taxes if You Rent Your Vacation Home

By | 2017-06-29T13:07:08+00:00 June 29th, 2017|Articles|0 Comments

Your home will be considered investment property if you limit your personal use of the home to no more than 14 days a year or, if greater, 10% of the total number of days it is rented out. The tax result: Expenses associated with renting the property, such as utilities and maintenance, generally will [...]

29 06, 2017

Patient-Centered Outcomes Research Trust Fund Fee

By | 2017-07-31T12:10:19+00:00 June 29th, 2017|Articles, Business Taxation, Business Valuation, Manufacturing|0 Comments

The Patient-Centered Outcomes Research Institute was established under the Affordable Care Act and is funded by fees on issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans.  These fees are often referred to as PCORI Fees. The PCORI Fee applies to specified health insurance policies and applicable self-insured health [...]

26 06, 2017

NCACPA Inauguration Honoring Andrea & Scott

By | 2017-06-26T11:17:51+00:00 June 26th, 2017|GCM News|0 Comments

Gilliam Coble & Moser celebrated Andrea Lambert and Scott Essick on June 21st at the NCACPA Inauguration.  This event is held once a year at the Grandover Resort & Conference Center to acknowledge all new certified CPAs.  We are very proud of Andrea and Scott and can't wait to see what's in store for their accounting future [...]

8 06, 2017

Indulor America Grand Opening Celebration

By | 2017-06-09T10:43:33+00:00 June 8th, 2017|GCM News|0 Comments

Scott Williams and Jeremy Hartle were honored to attend the Opening Celebration of Indulor America's, newest plant in Graham, North Carolina.  Indulor America was founded in 1978 in Anknum, Germany by Erwin Fengler.  It started as a small start-up business focusing on the development of polymers for adhesives used in the construction industry.  Over [...]