Category Archives: Raleigh CPA Firm

Understanding Estate Tax and Gift Tax

When it comes to paying taxes, the government has several areas in which they take a portion of your assets. You pay taxes on what you earn and then you also have to pay taxes when you give money away.

Taxes can be taken out of gifts regardless of whether you give them when you’re alive or after you pass away as part of your estate. Langdon & Company LLP, a Raleigh CPA firm, will review clients documents to determine whether their stated planning objectives have been met. Below are the basics on how the estate tax and the gift tax work together.

Continue reading Understanding Estate Tax and Gift Tax

Business Succession Planning and Exit Strategies

At some point, you are going to want to walk away from the company that you built.  Many small business owners have no exit strategy in the event of their disability, retirement, or death.   Most are focused on business survival and/or growth.  However, you want to make sure that your company is going to be successful and family interests are secure in your absence. This is where business succession planning and exit strategies become important.

What exactly is business succession planning?  What exit strategies can be utilized?

Continue reading Business Succession Planning and Exit Strategies

When Your Business Needs an Accounting Firm

There are several accounting software programs on the market that can help businesses with bookkeeping and taxes. However, none of them can provide the expertise and peace of mind that an accounting firm can offer. NC CPA firms like Langdon & Company LLP employ certified public accountants with experience in tax, bookkeeping, audit and business consulting that use their expertise to help businesses succeed.

Continue reading When Your Business Needs an Accounting Firm

Certified Public Accountant vs. Tax Preparer

It’s income tax season again. Many of us get tense just thinking about filing our tax returns. Rather than stressing over preparing your own tax returns, consider seeking out professional help. There are basically a few options when it comes to completing your tax returns, including: doing it yourself, asking a friend or family member for help, paying a tax preparer or hiring a NC CPA firm. Unless you or your friends and family members are experts in current tax laws, hiring a professional is the best option. Between the tax preparer and CPA, which one should you hire?

Continue reading Certified Public Accountant vs. Tax Preparer