Tag Archives: Raleigh CPA

Eight Tips About Rental Income and Expenses

If you rent property to others you’ll want to read the following eight tips about rental income and expenses.

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Paying Wages to Your Children

Payments for the services of a child under the age of 18, who works for his or her parent in a trade or business, are not subject to Social Security, Medicare, and North Carolina Unemployment taxes, if the trade or business is a sole proprietorship or a partnership in which each partner is a parent of the child.
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Money Tips: Investing 101, #2

This week we continue our series on investing concepts. Continue reading

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Individual Estimated Taxes and Tax Planning Checkups

This is the time of year in our CPA practice that I work with small business owners and individuals to perform tax checkups to help them project their tax liabilities for 2011 and make tax saving recommendations of moves they can make between now and December 31, 2011. Continue reading

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What Records should I keep?

This week we will discuss a question that I get in my CPA practice a lot:
How long should I keep certain records?
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Insurance Tip: Accident Forgiveness Rider

I’d like to share a relatively new addition to some insurance companies auto policies: The Accident Forgiveness and/or Violation/Ticket Forgiveness Rider. Continue reading

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NC Small Business Tax Break – New Law

With the passing of the state’s new $19.7 billion budget, the North Carolina General Assembly passed a new law that will allow North Carolina companies to deduct the first $50,000 in net business income from their taxable income on the state return. Continue reading

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Winners

Tax and Money Tip of the Week: Winners | July 6, 2011 | No. 50 Winners Thank you for being associated with our firm. Questions or Comments? You can add comments on the blog, call 919-847-2981, or visit our web site. … Continue reading

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Throwing Out the Old rules of Money #5

Leasing vs. Buying a Car……
When Leasing is Better than Buying a Car
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Throwing Out The Old Rules of Money

Conventional college-savings advice: The best way for grandparents to contribute to a grandchild’s education is a 529 college savings plan. These state-operated plans are designed to help families set aside funds for future college costs by offering tax breaks.
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