Tax

Important NC Sales Tax Update

A major revision to the North Carolina Sales Tax rules in 2016 created major headaches for many small businesses and consumers.  In August, the NC Legislature passed legislation that is intended to alleviate one aspect of the headache.  No, it is not repeal of the “RMI” provisions (sales tax applicable...

Congress Delivers a Gift to Small Businesses

President Obama and Congress have delivered a gift to small businesses and nonprofit organizations just in time for Christmas . . . although we are still trying to determine exactly what’s inside the box.  On December 13th, President Obama signed the 21st Century Cures Act, which included a provision for...

New Sales Tax Rules

Major changes in North Carolina Sales and Use tax rules become effective March 1, 2016 as the North Carolina sales and use tax begins to apply to certain repair services and service contracts.  The North Carolina Department of Revenue (NCDOR) has been busy during February issuing Directives and Notices to...

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