Insights & News

April 1 may be April Fool’s Day, but April 15 might be considered April’s cruel day. Not only do you have to pay any income

As the memory of the financial crisis recedes, the real estate market shows signs of recovery. You may believe excellent investment opportunities exist now—and that

The North Carolina legislature recently voted to lower the amount of property taxes homebuilders pay on homes in inventory waiting to be sold.  Under the

Please use the link below to download a PDF file containing reference slides from today’s presentation.

The law that requires North Carolina income tax to be withheld from payments made to nonresidents for personal services has been amended to also require

Simplified employee pension (SEP) plans are commonly used by self-employed individuals and others with part-time self-employment income. In addition, SEPs can offer many benefits to

If you are the current owner of a real estate property you are renting out, you qualify for some special tax deductions. Depending on the

If you’re a business owner, you probably entertain customers, prospects, employees, suppliers, and others. Such outlays may be deductible, whereas others are in a gray

Charitable contributions historically have provided tax benefits, and that may be especially true in 2013. Those contributions reduce your taxable income, which may keep you

After the initial rush of filing for 2018 returns, many people will learn that they’re no longer itemizing deductions. The TCJA placed limits on some

On December 16, 2014, the Senate passed a bill to extend a package of expired or expiring individual, business, and energy provisions known as “tax

Making your retirement contributions tax efficient is one of the most important factors when planning your retirement strategy.  Non-deductible contributions to an IRA may be

North Carolina Governor Cooper recently signed into law a bill which should help homebuilders with some of their property tax burden. House Bill 492, known

An S corporation’s tax items generally pass through to shareholders on a pro rata basis and are reportable by S corporation shareholders in the shareholder’s

Business owners who work for their company typically have expense accounts; the same usually is true for many employees. If your company has what the

The recently-signed Protecting Americans from Tax Hikes Act of 2015 reinstates some expired tax benefits retroactively and makes them permanent. On the list is the

As a business owner, do you believe you currently possess the right set of documents that can help you protect your business? To help you

Our blogposts have previously described the two key elements of a succession plan for a privately held company: putting a value on the business and

Thomas, Judy & Tucker recently welcomed Lorilynn Spronk to the Outsourced Accounting Services division. This division of the firm provides a full-range of accounting and

As always, savvy planning in the last quarter of the year can pay off in lower taxes next year when you file your return. Some

Most importantly, Merry Christmas and Happy New Year to you and your family from the owners and employees of Thomas, Judy & Tucker.  We appreciate