Signing Estate Documents in Quarantine

North Carolina Changes Requirements for Estate Documents with Covid-19 Crisis On May 4, 2020, North Carolina passed S.L. 2020-3 to make various changes to existing North Carolina law during the Covid-19 pandemic. We call this law the “Covid Relief… Read More

Covid-19 Relief for Small Businesses

Below is a brief description of just a few Covid-19 relief options available to small business owners. Economic Injury Disaster (EIDL) Loan Advance The Economic Injury Disaster Loan Advance (EIDL) is a grant up to $10,000 available to small business… Read More
Categories: Business

What’s Up in the World of Sales Tax?

Wayfair, Newegg, and Overstock, all large online retailers, challenged the constitutionality of a South Dakota sales tax law and the United States Supreme Court issued its opinion on June 21, 2018. Since then, the states have been busy modifying thei… Read More
Categories: Tax Law

QBI Deduction

The Tax Cuts and Jobs Act of 2017 permanently reduced the top corporate tax rate to 21%. To try and make the playing field somewhat even for other businesses, this law also gave taxpayers with noncorporate businesses a new deduction for tax years 201… Read More
Categories: Business, Tax Law

New IRS Partnership and LLC Audit Procedures

The 2015 Tax Act had a provision changing the way the IRS has audited partnerships under a law going back to the 1980s. The new provision became effective January 1, 2018, so it now applies to partnership returns being filed this year. Partnerships,… Read More
Categories: Business, Tax Law

Best Product Warning Language

I tend to read manuals. I don’t know why, I just always have. Below is what I found in the 2018 Ford Mustang Operator’s Manual. I thought I would share it with everyone: Remember that even advanced technology cannot defy the laws of physics. It… Read More
Categories: Other News

Picking Executors and Trustees

Sometimes people ask what an executor and trustee. I don’t really have anything official on the responsibilities of trustees and executors and I think the actual day-to-day responsibilities of a trustee would vary a lot by family. North Carolina la… Read More
Categories: Estate Planning