by jritter | Jul 1, 2026 | Tax Center
One of the more frequent questions I am asked is, “How can I reduce my tax liabilities?” While this is always a good question to ask, it is all the more important when inflation affects our daily budgets. Probably the most common response to inflation in general is to...
by jritter | Jun 2, 2026 | Tax Center
Today’s topic will not affect very many people. Did I just encourage you to skip reading the article? Hopefully, you do not tune out because, for those today’s topic does affect, the information may prevent financial disaster. Cash value life insurance, such as whole...
by jritter | May 1, 2026 | Tax Center
A reader requested a better understanding of the tax impacts of gifts. This is a question we sometimes field in the office, so it is on the minds of many folks. We will cover several topics within gifts. Gifts are generally tax-neutral. Tax is only imposed when the...
by jritter | Dec 2, 2025 | Collections, Tax Center
Now that we made it past the extension filing deadline, we should turn our attention to penalty and interest letters. This post specifically applies to businesses and residents of Haywood County and other North Carolina counties which were included in the Helene...
by jritter | Nov 4, 2025 | Real Estate, Tax Center
Rental activity income is generally reported on Schedule E (individuals) or Form 8825 (Partnerships) for federal income tax purposes. In recent years, as short-term rentals are on the rise, proper reporting of rental income has generated questions for which...
by jritter | Apr 29, 2025 | Tax Center
Elder care accounting falls within the scope of services provided by accountants and tax professionals. Today, we will blend two topics together to illustrate the usefulness of elder care accounting. Elder care accounting is provided for elderly individuals who have...
