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Thought Leadership
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Federal Excise Tax Considerations for Your Dealership in the New Year
As we begin the new year, I always recommend that our dealer clients take time to reflect and reassess the prior year and try to determine any areas where efficiencies could be achieved, and perhaps more importantly, revisit policies and procedures that could help...
Failure to Understand the Difference Between Subcontractor vs. Employee Can be Costly
A common issue we see taxpayers face is their ability to properly distinguish between a subcontractor and employee. Generally, employers must withhold income, Social Security, Medicare, and unemployment taxes on wages paid to an employee. However, if the individual is...
Tips to Prevent Foreign Object Contamination in Food Manufacturing
One of the biggest fears of any food manufacturer is the risk of foreign object contamination of their products. Yet, it seems that there is not a week that goes by without news of another recall related to some type of contamination or issue related to a foreign...
PPP Income Tax Changes
The North Carolina Department of Revenue has announced that expenses that were funded with forgiven PPP loans are now deductible. This means that all recipients, both corporate and individual, that paid income tax on the loan in tax year 2020 are able to file an...
DHW Named One of The City of Hickory’s 2021 Business. Well Crafted. Award winners
At the Hickory City Council meeting on Tuesday, November 2, 2021, DHW was named one of The City of Hickory's 2021 Business. Well Crafted. Award winners. For more information and the full list of award recipients, please visit:...
Audit Communications to Plan Sponsors More Robust Under SAS 136
The AICPA’s Statement on Accounting Standards No. 136 (SAS 136) will meaningfully change the audit process for defined contribution plan sponsors. The AICPA issued SAS 136 in July 2019 with the goal of giving readers of the audit report a better understanding of the...
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