Chandler & Richter, P.A., CPAs Accounting News

Beneficial Ownership Information

There is a new reporting requirement that small business owners need to know about. As of January 1, 2024 tens of millions of small businesses will need to file a beneficial ownership information (BOI) report with a branch of the U.S. Department of Treasury called the...

North Carolina Pass-Through Entity Tax

North Carolina Pass-Through Entity Tax

North Carolina has passed legislation to have eligible S Corporation’s and eligible Partnership’s to make an election to be taxed as a Pass-Through Entity. The pass-through entity income will be taxed as the same tax rate as the individual tax rate, which is 5% -...