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About Brett Davidson

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So far Brett Davidson has created 38 blog entries.

2018 Year-End Tax Planning Guide

The 2018 Year-End Year-Round Tax Planning Guide provides tips for lowering your 2018 personal and business income taxes. Many of the strategies discussed in the tax planning guide must be implemented before the end of the year.

By |2019-09-17T13:18:47-04:00September 17th, 2019|Articles, Business Taxation, State and Local Tax|0 Comments

Donation Receipts – What You Need to Know!

As a nonprofit, the receiving and tracking of your donations is vitally important, both from a revenue standpoint and for nurturing donor relationships. But did you realize the IRS and the North Carolina Charitable Solicitation License Section of the Secretary of State’s Office both require specific information in the acknowledgments you provide to your [...]

By |2019-04-11T10:43:19-04:00December 27th, 2018|Articles, Not For Profit|0 Comments

Reviewing Your Business Structure After the Tax Cuts and Jobs Act

Business structure matters. If you plan on starting a small business, you will have to choose how it will be legally organized. This decision has been made a little more complex as a result of federal tax law changes made by 2017's Tax Cuts and Jobs Act (TCJA). In fact, even owners of companies [...]

By |2018-10-25T20:17:54-04:00October 25th, 2018|Articles, Business Taxation, Manufacturing|0 Comments

Patient-Centered Outcomes Research Trust Fund Fee

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 [...]

Tax Concerns for the Self-Employed

If you're in business for yourself, you know how challenging it can be to run your business and keep on top of your tax situation. Read this article for a refresher on the tax rules you need to be aware of if you're a self-employed sole proprietor or are thinking of becoming one. Income [...]

By |2018-05-31T12:04:30-04:00May 31st, 2018|Articles, Business Taxation|0 Comments

Tax Credit Opportunities for Individuals

Tax deductions aren't the only things to consider when looking for ways to reduce your 2018 tax bill. There are a number of tax credits that you may be able to claim. A tax credit reduces your tax liability dollar for dollar (and, in some instances, may be fully or partially "refundable" to the extent [...]

By |2018-05-31T11:29:09-04:00May 31st, 2018|Articles|0 Comments

Impact of Recent Federal Tax Legislation on North Carolina Corporate and Individual Returns

In determining North Carolina taxable income, the starting point for corporations is federal taxable income, while individuals use federal adjusted gross income (AGI).  Read this article to learn about the impact recent federal tax legislation may have on your North Carolina income tax return. For both corporations and individuals, the reference to federal law [...]

By |2018-02-28T09:54:20-04:00February 28th, 2018|Articles, State and Local Tax|0 Comments

Bipartisan Budget Act of 2018

On February 9, 2018, President Donald Trump signed into law the Bipartisan Budget Act of 2018.  The legislation includes many extenders for previously expired tax provisions for both individuals and businesses.  While many of the extenders are targeted to specific industries and areas, this article focuses on some of the main provisions for individuals [...]

By |2018-02-28T11:04:56-04:00February 28th, 2018|Articles, Business Taxation|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 |2017-10-26T13:06:09-04:00October 25th, 2017|Articles, Business Taxation, Manufacturing|0 Comments