All Payroll, Tax & Accounting services have resumed and are on our regular post-tax season schedule:
Due to the state of emergency per the impending hurricane coming to our state of North Carolina, the office will be closed under Weather Advisory. We will be closed starting Friday and will not re-open until further notice.
Please stay tuned via our website or call the office direct at 336.722.4990
ALL CORPORATE DEADLINE RECIPIENTS will need to have all documentation sent to the office by 5:30pm EST Tuesday, September 11th, so that we may strive to meet your corporate federal and state deadlines due this week.
The following services will be affected:
All Payroll services will halt Wednesday, September 12th, 2018.
All Tax services will halt Thursday, September 13th, 2018.
All Accounting services will halt Thursday, September 13th, 2018.
These services will resume upon further notice until we can assess the state of the weather, transportation and water systems after hurricane Florence has hit our projected area.
We have provided the following spreadsheet for our Payroll customers to streamline communicating your employees’ total hours worked during the specified period. Update the payroll beginning and ending period, employee information and hours worked, along with the type of payroll (ie check or Direct Deposit), and any deductions accrued for each employee for the specified period.
Email the updated Excel timesheet to the office by the deadline window we communicated to you, in order to process the payroll without penalty.
You may now manage a list of all your employees by going to Sheet 2, “Employees” – PAS
Simply contact the office if you have any questions at all.
Refer to your Estimated Tax payment schedule summary with the voucher(s) that were printed for you at the tax office. Simply call us if you need for us to reproduce this for you, or complete the following blank voucher:
For those of you wondering, “What are estimated tax payments?”
Maybe you were not one of the lucky few who had a refund last tax season but owed at the end of the year. This could be due to earnings outside of traditional withheld sources from W-2’s, like self-employment or 1099 contractual sources. Perhaps your withholdings did not reflect accurately upon your complete household scenario.
Again, to avoid penalties, postmark your mailed payment and ship via the appropriate deadline date outlined above. If paying electronically online, you have until 8pm on the deadline date to pay via the IRS Direct web service.
Are you ready?! Tax Season 2018 is approaching. Your tax office is getting prepped and ready. It is clear- you will not be able to skip the health coverage question come 2018 Tax Season.
Every tax season is fraught with uncertainty and change. Next tax season will be no different and the change: ☐ The Health Coverage checkmark question cannot be skipped.
What has changed:
Last tax season a failure to indicate whether health coverage was met simply imposed a penalty, and your tax return was still able to process.
Next tax season come 2018, your tax return will not process! Failure to indicate health coverage will reject all tax returns that are being electronically filed and paper-mailed.
📝 Steps you must take:
Ensure that you print out your 1095-A statement (if you have the Affordable Care Act, ie Obamacare). If you are covered by your employer, be sure to obtain your 1095-C/B statement(s).
Bring these statement(s) with you to your tax-filing appointment.
If you did not have health coverage this year, be prepared to inform us at the tax office and save for your shared responsibility payment that will be assessed based on your earnings.
Again, to avoid refund and processing rejection, you will need to indicate whether or not you and your family had health coverage the prior year and bring the appropriate documentation. If you did not have health care, be prepared to make the shared responsibility payment.
Communities may be blind-sighted by the “Real ID”, a new requirement for travelling and visiting federal buildings, represented by a star on the ID. One of our tax & accounting customers was surprised when I confirmed that the new rule will apply to even us, everyday individuals. The rule will apply to those who have commercial and non-commericial driver’s licences, and to those who do not drive, having just an ID.
Born out of tighter security regulations post 9/11, the Real ID Act of 2005 will be federally enforced at the beginning of 2020.
✪ What you will notbe able to do without a star on your driver’s license:
Enter federal buildings
Restricted inter-state travel by plane
Enter any military precinct
HOW TO APPLY / RENEW
For NC Residents
To get the new license, simply apply in person at the DMV and bring:
A birth certificate or a social security card
Any proof of residency including a utility bill, NC mailings (or current state), or any letter from the state that was mailed to your address.
And that’s it! You will have the all-anointed star on your ID!! You’ll now be able to enter federal facilities, military precincts, and travel within the US by air.