Articles

Keeping Up With Your IRA: Tax Season Checklist

If you're one of the millions of American households who owns either a traditional individual retirement account (IRA) or a Roth IRA, then the onset of tax season should serve as a reminder to review your retirement savings strategies and make any changes that will enhance your prospects for long-term financial security. It's also a [...]

By | 2018-01-30T14:38:29+00:00 January 30th, 2018|Articles|0 Comments

2018 Income Tax Withholding Tables – Percentage Method

For 2018, employers who use the Percentage Method of withholdings will need to implement the new withholdings tables as soon as possible and no later than February 15, 2018.   The 2017 tables can continue to be used until these changes are made.  The new tables use the Percentage Method for Income Tax Withholding.  [...]

By | 2018-01-30T14:04:28+00:00 January 30th, 2018|Articles|0 Comments

2018 Tax Rate Schedule

Click here for a schedule of selected tax rates applicable for the 2017 and 2018 tax years. These include payroll tax rates and local property tax rates. The tax rate schedule also provides the social security earnings thresholds for determining how much income you can earn each year before losing any social security benefits you are due to [...]

By | 2018-01-30T13:46:19+00:00 January 30th, 2018|Articles|0 Comments

Business Personal Property Tax Listings

Any individual or business owning or possessing personal property used or connected with a business (or other income producing purpose) must file a business personal property tax listing. Personal property is property that is not real property (buildings and land) and is not permanently affixed to real property.  The personal property tax listing is [...]

By | 2017-12-29T13:16:55+00:00 December 29th, 2017|State and Local Tax|0 Comments

New Tax Reform – Tax Cuts and Jobs Act

On December 22, 2017, the Tax Cuts and Jobs Act was signed into law by President Trump. It offers many changes for 2018 and beyond to both individual and corporate tax laws. Individuals Unless otherwise noted, these changes are in effect for the tax years 2018-2025. The tax rates have been altered as follows, [...]

By | 2017-12-29T13:00:00+00:00 December 29th, 2017|Articles|0 Comments

1099-MISC Reporting

Your business is generally required to issue Form 1099-MISC to all unincorporated service providers to whom it pays $600 or more during the calendar year. Unincorporated service providers include sole proprietors, partnerships, and LLCs not electing to be taxed as a C Corporation or S Corporation. For payments to an attorney or a law [...]

By | 2017-12-29T13:17:55+00:00 December 29th, 2017|Articles, Business Taxation|0 Comments

2017 Year-End Tax Planning Guide

At Gilliam Coble & Moser, LLP, our tax professionals are dedicated to helping you maximize your income through a variety of valuable tax-saving strategies. As part of our commitment to being your most trusted advisor, we offer the 2017 Year End/ Year-Round Tax Planning Guide. This year, taxpayers are facing considerable uncertainty due to the [...]

By | 2017-11-30T10:32:44+00:00 November 30th, 2017|Articles, Business Taxation|0 Comments

‘Tis the Season – What’s Considered Taxable and What’s Not?

At the end of the year, companies often celebrate the holidays by having office parties or giving gifts to their employees. Here's some general guidelines as to what's taxable and what's not. Gifts. Employers can give their employees merchandise of nominal value — hams and turkeys, for example — with no negative tax consequences. [...]

By | 2017-11-30T10:11:15+00:00 November 30th, 2017|Articles, Business Taxation|0 Comments

State and Local Tax Services

Revenue agencies are aggressively employing random audits and blanketing entire industries with business activity and nexus questionnaires. Thanks to improved data sharing capabilities, revenue agencies are cooperating across multi-state areas, leaving no stone unturned. In recent years, several states replaced their income tax with non-income-based taxes.  Examples include the Washington business and occupation tax, [...]

By | 2017-11-30T09:55:32+00:00 November 30th, 2017|Articles, State and Local Tax|0 Comments

November is NonProfit Awareness Month

©2017,  North Carolina Center for Nonprofit Organizations, Inc. For more information on the economic impact of nonprofits in the State of North Carolina, please see the complete report. For more information on what the North Carolina Center for Nonprofits can offer your nonprofit, please visit their website at www.ncnonprofits.org. Please contact the not-for-profit niche [...]

By | 2018-02-14T14:28:57+00:00 November 28th, 2017|Articles, Not For Profit|0 Comments