North Carolina Tax Blog

reviewing paperwork

Behind the Scenes of IRS Audits: What To Expect and How To Prepare

July 10, 2024

It’s every business owner’s worst nightmare: finding an IRS audit notice in the mail. If the IRS has sent you an audit notice, you’re probably wondering why. Will you have to pay penalties? How far back will the IRS agent look? First of all, don’t panic. IRS audits are rarely as frightening as they’re made…

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writing check for payroll

Payroll Problems? A Guide to Navigating Payroll Tax Issues

May 8, 2024

Many small business owners struggle with recording payroll correctly in all their tax documents. With complex and often changing IRS guidelines, it’s easy to make a mistake if you aren’t a tax law professional. These errors can trigger a stressful IRS audit and possible penalties. Moreover, the IRS could discover that you owe payroll tax…

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Common Tax Mistakes That Can Trigger an IRS Audit

April 10, 2024

Tax time is here, meaning it’s time to file your annual return. Unfortunately, if you’re not careful, you could make a mistake that could trigger an IRS audit.  Luckily, if you know what to look for, you can avoid these mistakes. In this article, we review a couple of common tax mistakes we see in…

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Tax Compliance and Your NC Small Business

March 12, 2024

Owning a business can have many benefits. However, many small business owners view keeping up-to-date with ever-changing tax laws challenging considering how many other responsibilities they have. While bookkeeping is one of our core competencies here at Murray Moyer, there are some basic steps every company can take prior to engaging with third party support.…

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5 Tips to Prepare for Tax Filing Season

January 29, 2021

Now is the time to start reviewing your financials and getting your affairs in order to prepare for tax filing season. There has been a learning curve with the Tax Cuts and Jobs Act of 2017 for many tax preparers and filers alike. The IRS is now accepting 2019 tax returns with a filing deadline…

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