Business Startup Solutions

The Incentive Stock Option Tax Trap

The Incentive Stock Option Tax Trap With the recent nCino initial public offering and stock market surging back to pre-pandemic highs, we are receiving a lot of questions about tax planning for incentive stock options (ISOs).   From a tax perspective, ISOs are arguably the most complex type of st

NC Annual Report Scheme

NC Annual Report Scheme If you own a business in NC, you may have recently received a Solicitation to file your NC Annual report for a fixed fee that is above and beyond the cost to do so with the Secretary of State (SOS). While the mailings appear to be official, they are not affiliated with the N

Should Companies Participate in Social Security Tax Deferrals?

Should Companies Participate in Social Security Tax Deferrals? On August 8th, President Trump signed an executive order that would allow employees that make less than $104,000 to defer the collection of the employee side Social Security taxes.  The Treasury Secretary has indicated that an employer

Found Money - Tax Extenders and Disaster Relief

On December 21, 2019 President Trump signed into law a spending bill that included good news for taxpayers in Southeastern NC. The spending bill included retroactive major disaster related tax relief that we know will put more money back into taxpayers’ pockets. The legislation also included some

You've Received an Incorrect Business Property Tax Listing Assessment- Now What?

You've Received an Incorrect Business Property Tax Listing Assessment- Now What? In October, North Carolina county property tax offices send out business property tax assessments for property tax on items like computers, desks, etc.  Those assessments are based upon property tax listings that must