2018 year-end year-round Tax Planning Guide

Year-end tax planning always has its share of complexity.

PROTECTING YOUR BUSINESS

You work hard to build your business. Take the time to protect your investment. When we have discovered, or uncovered, cases of fraud, embezzlement, or inaccurate reporting, it is often a surprise to the owner. Fraud prevention, embezzlement detection, and accurate financials are all reasons to implement and follow sound internal control practices. It is the age-old adage of “an ounce of prevention….”

Internal Revenue Code Section 139: Disaster Relief – Employers Helping Employees

Hurricane Florence made landfall in North Carolina on September 14, 2018 as a Category 1 hurricane and brought with it a record amount of rainfall and a massive loss of power throughout the state of North Carolina, as well as parts of South Carolina. When the winds decreased, the rains came. The magnitude of the storm brought destruction for an extended period of time. On September 15, 2018, President Trump approved a major disaster declaration for certain counties in North Carolina.