August 11, 2017/Triad Lifestyle

Want to Live and Work in a Charming City?

Two cities in the Piedmont Triad recently made CNN’s list of “15 charming cities in the American South you may have overlooked.” Smith Leonard is proud to have clients and team members who live, work, serve, and play in both cities. Many of the locations highlighted in the article are employee favorites, and several of our recruiting events and industry continuing education summits are often held at The Proximity. We even hosted our 10th Anniversary Celebration for employees at the Kimpton Cardinal Hotel in January of this year. If you need more reasons to fall in love with the Piedmont Triad, check out a few notables about each charming city.

August 1, 2017/Press Release

Smith Leonard Named Best Place to Work for 8th Straight Year

For the last eight years, Accounting Today and Best Companies Group has named Smith Leonard PLLC as one of America’s “Best Accounting Firms to Work For.” This survey and awards program is designed to identify, recognize and honor the best employers in the accounting industry, benefiting the industry’s economy, workforce and businesses.

July 31, 2017/Furniture Insights

July 2017 Furniture Insights

The results of our latest survey of residential furniture manufacturers and distributors was a little like the results last month—a bit surprising based on conversations at and since the High Point Market. New orders were up 8 percent in May 2017 versus May 2016, following the 7 percent increase reported last month. New orders were up for some 58 percent of the participants up from 47 percent reporting increases last month.

Real Estate and Construction Monitor Summer 2017

The latest edition of BDO’s Real Estate and Construction Newsletter features key topics including how technology could change the property industry, making real estate investments attractive to tax-exempt investors, latest takeaways from REITWise 2017, and how private equity groups are concerned with brick and mortar retailers despite spiking M&A activity.

July 10, 2017/Tax

NC Tax Rates Lowered

On June 28, 2017, the North Carolina General Assembly voted to override North Carolina Governor Roy Cooper’s veto of the budget bill for fiscal years 2017-2019, and enacted legislation that reduces various tax rates.

June 30, 2017/Furniture Insights

June 2017 Furniture Insights

Our latest survey of residential furniture manufacturers and distributors produced somewhat unusual results. New orders increased 7 percent in April over April 2016. The unusual part was that only 47 percent of the participants posted increases in new orders. The 7 percent increase followed a 4 percent increase in March when 77 percent of the participants reported increased orders.

June 27, 2017/Not-For-Profit

Nonprofit Standard Benchmarking Survey

Each of the 1.5 million nonprofits registered in the U.S. is a unique entity with a specific mission, but they all face a common set of dynamic challenges. Although the country at large has entered a period of economic recovery, times are still trying for nonprofit organizations. Developed in conjunction with The Nonprofit Times, BDO’s benchmarking survey is designed to provide nonprofit organizations with a barometer to measure performance across a variety of areas.

June 12, 2017/Mergers and Acquisitions

Building Products and Materials Newsletter: Construction Industry Update

This issue of the Building Products & Materials (BP&M) newsletter highlights the macroeconomic drivers supporting the ongoing resurgence in mergers and acquisitions (M&A) activity in the sector and rapidly rising valuations. Optimistic buyers continue to aggressively seek deals due to strong economic fundamentals and robust construction activity. In particular, optimism in the market for new single-family homes is holding strong, likely due to the shortage of existing inventory in the market and high demand for housing. While housing starts slowed somewhat in March, dropping 6.8% from February to a seasonally adjusted annual rate of 1.215 million, starts were up 9.2% year-over-year, with growth in building permit authorizations pointing to more construction activity likely in the coming months.

June 5, 2017/Tax

Sales and Use Tax for Real Property

In March of 2017, the North Carolina Sales and Use Tax Division published a notice on its website containing general guidance on the taxability of real property contracts and retail sales of repair, maintenance, and installation services. More recently, a second notice has been published and mass distributed by the North Carolina Department of Revenue, alluding to and simplifying the original Sales and Use Tax notice.

May 31, 2017/Furniture Insights

May 2017 Furniture Insights

New orders in March 2017 were up 12 percent over March 2016, according to our latest survey of residential furniture manufacturers and distributors. The good news was that some 77 percent of the participants reported increases. The March increase brought year-to-date increase to 4 percent, up from 2 percent through February. Last year, new orders were even with 2015 first quarter. Shipments increased 6 percent with some 71 percent of the participants reporting increases. Shipments were up 17 percent over February, but some of that increase was likely due to more working days in the month. Last year, first quarter shipments were 2 percent higher than the first quarter of 2015.

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