Insights & News

The North Carolina General Assembly recently passed Session Law 2016-6 which stated that the North Carolina corporate and individual income tax laws generally follow the

Retirees often need money from their investment portfolio, if they have little or no earned income. For many seniors, tax- efficient withdrawals require two levels

As 2016 began, people were lining up to buy tickets for the Powerball lottery, which eventually reached a total prize of $1.58 billion. Many states

Owners of regular C corporations face double taxation. The company’s profits are subject to the corporate income tax. If some of those profits are paid

Last week, the U.S. Supreme Court overturned a 1992 Supreme Court ruling (Quill v North Dakota) which held that businesses were not required to collect

TJT is proud to announce the promotion of Amanda Habich, CPA to the position of Audit Partner. Amanda has been with Thomas, Judy and Tucker,

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) recently agreed on accounting approaches for lease expenses as part of a

As you may have heard, this past Friday hundreds of thousands of computers worldwide became infected with a computer virus known as “WannaCry” (or “WannaCrypt”).

On September 21st, the owners and employees of Thomas, Judy and Tucker participated in the North Carolina Association of CPA’s first annual Day of Service. 

As part of the Protecting Americans from Tax Hikes (PATH) Act passed in late 2015, Congress is now requiring that businesses submit Forms W-2 and

With limited resources for IT and security, many small businesses are vulnerable to attack and unsure of where to begin protecting themselves.  McAfee, Inc. estimates

On November 24, 2015, the IRS increased the de minimis safe harbor threshold from $500 to $2,500 effective January 1, 2016.  The safe harbor rules

Under federal health insurance legislation, you’ll probably find it more difficult to claim medical expenses as itemized deductions on Schedule A of your tax return,

Team TJT, which consisted of Beren Armstrong, Jeremy Handlon, Maureen Bross, Kristen Hoyle, Geri Lail, and Nicole Heym, finished either a full marathon (Geri) or

All North Carolina limited liability companies (LLCs) are required to file an annual report each year with the Department of the Secretary of State.  In

Eyeing 21st century America rationally, long-term care (LTC) insurance would seem to be an idea whose time has come. Life expectancy is increasing, so more

On September 13, 2013, IRS issued long-awaited final regs providing guidance on the updated repair regulations issued earlier this year. These important new regs will affect

The question in the title could go a little further: “…when you always have the option of contracting the services of a simple bookkeeper?”  These

Business travel is still tax-deductible, under the Tax Cuts and Jobs Act of 2017 (TCJA), but there is a major difference now. Relatively few individuals

TJT in conjunction with RPG Solutions will be hosting a seminar on Post Election Healthcare Reform on November 30, 2012.   Jason Cogdill, Corporate Counsel

As more baby boomers move into their 60s, there is increased interest in Social Security retirement benefits. In particular, seniors must decide when to start.