This Tax Affects… If you’re a small business owner in North Carolina, you’re probably aware that new laws expanding the State sales tax took effect in March of 2016. Here’s a breakdown of some of the types of businesses that are affected by this expansion: · Vehicle Repair · Shoe Repair · Watch, Clock, and…

So, you’ve got an idea for a piece of software that will change the world? How do you best monetize your product so that you can get the well-deserved reward for your efforts? Fortunately, we’re here to layout a few options and explain what their tax treatment looks like. There will be a lot of…

Sometimes a small concept can make a huge difference. Because of the difference between Limited Liability Companies (LLCs) and Corporations, the money you put in to start them is treated in very different ways. Overview of Corporations A corporation is a distinct legal entity from the owners. It was created to separate management from ownership…

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