Dec
08
2013
Many Raleigh employees across the Triangle have recently been asked by their employers to fill out a new NC-4 EZ or NC-4, North Carolina Employee’s Withholding Allowance Certificate. What has since ensued is much confusion tainted with a bit of panic. Why is a new form required? What is a NC-4 EZ or NC-4 anyway? …
Dec
29
2012
2012 was an average year in terms of changes to the tax law for Raleigh residents. Below are some changes to federal tax law that are either new, continued from a prior year, or are expected to expire during 2012. New Raleigh Tax Preparer Regulations As of January 1, 2013, all paid Raleigh income tax preparers …
Dec
29
2012
Raleigh taxpayers must pay both federal and North Carolina income tax. Federal personal income tax rates vary between 10% and 35% depending on filing status and the amount of taxable income as determined on a federal individual income tax return – Form 1040EZ, Form 1040A, or Form 1040. Below are the 2012 federal income tax …
Dec
29
2012
Just about every Raleigh taxpayer knows that taxes must be filed at least on an annual basis usually during April. However, what many Raleigh small business owners don’t realize is that taxes may be dues at other times during the year! The rules for estimated taxes can be somewhat tricky; however, here is a high …
Dec
29
2012
In many case, Raleigh taxpayers are required to pay both federal and North Carolina personal income taxes. Tax rates for Raleigh residents vary between 6% and 7.75% depending on filing status and the amount of taxable income as determined on the North Carolina Individual Income Tax Return, Form D-400. Below are the 2012 North Carolina …
Jun
11
2012
Pay no tax on the first $50,000 of net business income starting with the 2012 tax year! That’s right; many Raleigh, North Carolina business owners will become eligible for an up to $50,000 North Carolina income tax write-off thanks to the recent passage of North Carolina House Bill 200 and North Carolina Senate Bill 267. …
May
23
2012
Raleigh taxpayers can save money on back to school supplies this year during the annual sales tax break! Find out what items qualify to be purchased tax-free in the state of North Carolina during the annual sales tax holiday. Each year the state of North Carolina honors a sales tax holiday for back-to-school items. This …
Jan
18
2012
Raleigh accountants are busy providing assurance to taxpayers asking this very question. Before getting too panicked, be advised that W-2s are required to be mailed out by your employers no later than January 31st. If you still don’t have your W-2 by then consider doing the following before sounding the alarms: 1) Contact your employer. …
Jan
16
2012
Just about everyone in Raleigh knows that taxes must be filed at least on an annual basis. However, what many Raleigh small business owners don’t realize is that taxes may be dues at other times during the year! Here is a very basic overview of the federal and North Carolina quarterly estimated tax rules apply …
Jan
14
2012
It’s that time of year again for Raleigh taxpayers – tax time! Yet, unfortunately, the tax laws are still confusing! Hence, many Raleigh individuals and small business owners in Raleigh will find themselves paying a Raleigh tax preparer (or Raleigh accountant). However, individuals and Raleigh small business taxpayers should take notice that they are legally …