March 5, 2026/Tax, Business Planning
North Carolina Conformity to Recent Federal Tax Law Changes
Federal tax legislation commonly known as the One Big Beautiful Bill Act (OBBBA) was enacted July 4th, 2025. However, at this time, North Carolina has not yet updated North Carolina’s conformity date to the Internal Revenue Code to incorporate these federal changes. The state’s conformity date to the Internal Revenue Code remains January 1, 2023. […]
March 3, 2026/Furniture Insights
February 2026 Furniture Insights®
The general outlook for the remainder of the year has deteriorated due to concerns about future business conditions, jobs, and the political environment. Read more in our latest Furniture Insights®.
February 17, 2026/Tax, Family Wealth, Financial Planning
New Tax-Advantaged Savings Opportunity for Children: Trump Accounts
Below is a high-level overview of the new tax-advantage investment account designed to help children begin building savings and investment assets from an early age. As always, if you’d like to talk further about how this can fit into your existing tax planning strategy, please reach out to your SL contact. What are Trump Accounts? […]
December 5, 2025/Furniture Insights
November 2025 Furniture Insights®
The general outlook for the remainder of the year has deteriorated due to concerns about future business conditions, jobs, and the political environment. Read more in our latest Furniture Insights®.
November 14, 2025/Tax, Business Planning
2025 Form 1099 Filing Season: Key Deadlines and Updates
Client Deadline: Friday, January 16, 2026 To ensure timely filing with the IRS by the January 31st deadline, all 1099 information must be submitted to our office no later than Friday, January 16, 2026. As we approach year-end, now is the time to begin preparing for 1099 reporting. We encourage clients to review their books […]
November 10, 2025/Tax, Business Planning
2025 Annual Reminder – Taxable Fringe Benefits
As the end of 2025 quickly approaches, we would like to remind you of the importance of reporting the proper inclusion of common fringe benefits in an employee’s, officer’s, and/or shareholder’s taxable wages. We recommend the value of the taxable fringe benefits be determined prior to year-end to allow for the timely withholding and depositing of payroll […]
November 4, 2025/Furniture Insights
October 2025 Furniture Insights®
The general outlook for the remainder of the year has deteriorated due to concerns about future business conditions, jobs, and the political environment. Read more in our latest Furniture Insights®.
October 10, 2025/Tax, Business Planning, Manufacturing
New Trade Deals, Section 232 Investigations, and More
A flurry of tariff-related developments cascaded down in recent weeks, including the following: A final U.S.-EU trade deal; A trade deal between the U.S. and Korea; Massive tariffs on Switzerland and India; Further Section 232 investigations on wind turbines and polysilicon; Termination of the de minimis exemption; Canada’s removal of its retaliatory tariffs on U.S. […]
October 10, 2025/Tax, Business Planning, Manufacturing
How to Prepare for Increased Tariff Compliance Enforcement
Are You Prepared for a New Enforcement Regime? With the Trump Administration’s extensive use of tariffs under its “America First Trade Policy,” the U.S. Department of Justice (DOJ), supported by U.S. Customs and Border Protection (CBP), has shifted its enforcement focus to trade fraud and tariff evasion. Criminal investigations into import-related fraud and attempts […]
September 11, 2025/Press Release
Register now for the JAM Jog on October 11!
New Date – November 15, 2025 Come together at Heritage Farm Park in Oak Ridge, NC for the JAM Jog 5K & 1-Mile Fun Run—a special event honoring retiring Smith Leonard Partner James Mitchell. This family-friendly run benefits Mission MSA, supporting individuals and families impacted by Multiple System Atrophy. Whether you’re running, walking, or […]
