Blog
Welcome to our Blog Page! Here, you’ll find a wealth of valuable information on topics such as tax tips, tax law changes, financial strategies, and general information about CPAs and what we do! We are dedicated to providing you with expert insights and practical advice to help you navigate the complex world of taxes and finance. Whether you’re a small business owner, an independent contractor, or simply interested in staying informed about financial matters, our blog posts are designed to be informative, accessible, and relevant to your needs.
How Lake Norman Owners Can Measure Business Value Correctly
There’s this comparative analogy about what makes something American that people like to use: “as American as apple pie.” But, I kind of think we should update that comparison to “as American as starting a small business.” Not as catchy, I know (or as yummy). But,...
When Your Lake Norman Business Might Need a Valuation
We’re nearing June 30 (the mid-year marker), which is a very smart time to move into a different gear in examining your business’s financial situation. Because, like the good business owner that you are, I'm sure you kicked off Q1 with a bunch of exciting goals and...
Business Valuation: Knowing Your Lake Norman SMB’s Worth
Although it’s a relatively new federal holiday, Juneteenth carries with it a weighty significance. In the official declaration via the Emancipation Proclamation, Abraham Lincoln wrote: “I do order and declare that all persons held as slaves within said designated...
Alternative Small Business Financing Options for Lake Norman SMBs
I’ve talked to you before about the ERC scams running rampant and how to steer clear of them, but there’s a recent update worth mentioning: They’re also partially responsible for the IRS’s delay in issuing ERC refunds — especially for small businesses. And funds like...
A Step-by-Step Guide to Business Loans
Ever feel like the whole world is taking a summer vacation except you? That’s real: Small business owners can’t always afford to step away from the helm to take those long, glorious vacations you see on social media (maybe beach and Europe photos are already popping...
New FinCEN Reporting Requirements for Lake Norman Businesses (Part 2)
Memorial Day doesn’t always mean rest for the small business owner — depending on what kind of industry you’re in. There’s often a lot of hustle around national holidays (special promotions, big sales, holiday weekend shopping). And debt ceiling deals to make,...
Navigating Bank Failures in Your Lake Norman Business Right Now
Memorial Day is next week. The unofficial start of summer. I like to remember that when things are unpredictable and even a bit hairy (like a shifty economy, bank failures, debt ceiling crisis), normal life still goes on. People will still prep their grills. They’ll...
How the Bank Crisis Affects Lake Norman Business Owners
Now, I know that I recently started talking about the new FinCEN reporting requirement and promised a part two… which I’ll absolutely get to in an upcoming blog. But this time I wanted to take the opportunity to speak about the banking “crisis” that has a lot of Lake...
Gravitt’s Best Practices for Terminating an Employee
We’ve all got a bit of FOMO about FOMC’s (Federal Open Market Committee’s) big meeting this week, waiting to see if yet another interest rate hike will be coming. Most indicators say likely. Since March 2022, there have been NINE such increases to interest rates all...