2023 Taxable Fringe Benefits Reminder
As the end of 2023 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.
May 8, 2023/Tax, Family Wealth
We May Never See a Better Environment for Transferring Wealth … Here’s Why
A unique opportunity to maximize the amount of wealth that can be tax-efficiently passed to heirs will expire at the end of 2025.
January Tax Filing Information
As the end of 2022 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.
December 29, 2022/Press Release, Tax, Accounting and Auditing
Smith Leonard PLLC Names Three New Partners
Smith Leonard is pleased to announce Patrick Willis as its newest Tax Partner/Member. He is a key technical resource for the firm, a mentor to many staff members, and an integral part of the tax leadership team.
December 22, 2022/Press Release, Tax, Accounting and Auditing
Smith Leonard Adds New Team Members
Smith Leonard is delighted to announce the addition of Jennifer Barbee-White and Jeanette Balazsi to the SL team.
2022 Taxable Fringe Benefits Reminder
As the end of 2022 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.
January Tax Filing Information
As we ring in the new year, SL would like to remind you that January tax filings are just around the corner. In addition to annual W-2’s, this alert highlights several of the upcoming filing requirements for payroll and other informational reporting and compliance matters.
December 15, 2021/Tax, Press Release
Announcing Patrick Willis as Partner
Smith Leonard is pleased to announce Patrick Willis as its newest Tax Partner/Member. He is a key technical resource for the firm, a mentor to many staff members, and an integral part of the tax leadership team.
2021 Reminder Regarding Common Taxable Fringe Benefits
As 2021 draws to a close, we would like to remind you of the importance of reporting the proper inclusion of common fringe benefits in taxable wages for employees, officers, and shareholders. Fringe benefits are defined as a form of pay-for-performance of services given by a company to its employees as a benefit and must be included in an employee’s pay unless specifically excluded by law.
Tax Implications from 2021 North Carolina Budget Bill
On November 18, after months of political negotiation (and four and half months into the new fiscal year), Governor Cooper signed the state’s 2021 budget bill into law. Smith Leonard provides a brief summary of the more impactful tax provisions, including state treatment of Paycheck Protection Program loan forgiveness, as well as future state tax rates.
