February 23, 2015

How Long Do I Keep Tax Records?

Now that you have all of this great information about tax credits, deductions and other tax breaks, (since you’ve been reading our newsletter all year) you’re […]
January 30, 2015

Tips for Taxpayers who owe the IRS

For taxpayers who owe taxes with their tax returns, the IRS has provided ten tips about how to pay: Taxpayers should never send cash. If taxpayers […]
January 2, 2015

IRS Releases HSA Deduction Limitations for 2015

The Internal Revenue Service has released the 2015 inflation-adjusted deduction limitations for annual contributions to a health savings account.
November 25, 2014

Protecting You and Your Business from Fraud

Here are some important reminders to help protect you and your business from accounting fraud. These seem easy (and easy to ignore) but implementing these practices […]
October 31, 2014

Digital Currencies have Tax Consequences

Digital currency, or e-currency, is an electronic medium of exchange of which bitcoin has become the most widely circulated. Bitcoins use cryptography (mathematically created proofs to […]
September 26, 2014

Disproportionate Distributions in an S Corporation

Owners of an S Corporation needs to carefully monitor distributions to shareholders to be certain that there are no disproportionate distributions. Failure to make distributions in […]
August 29, 2014

Vacation Rentals by Owners subject to Accommodation Taxes

South Carolina has a new law aiming to crack down on homeowners who rent their properties to tourists but don’t collect accommodations and sales taxes, a […]
July 7, 2014

SC Tax Credit Supports Special Needs Children

On June 25th, 2013, Governor Haley signed into law the EDUCATIONAL CREDIT FOR EXCEPTIONAL NEEDS CHILDREN (also called Proviso 1.85). Palmetto Kids FIRST will allocate at […]