Blog & Articles

Quick Answer: Yes, if you work from home in North Carolina and meet IRS guidelines, you may qualify for the home office deduction in 2025. Your space must be used regularly and exclusively for business—and

Quick Answer: How you pay yourself from an LLC depends on how it's taxed. If you’re a single-member LLC, you typically take an owner’s draw. If you’ve elected S Corporation status, you must pay yourself

Quick Answer: Yes, you can reduce self-employment tax in 2025—if you choose the right entity, track deductions properly, and plan ahead. The S Corporation structure, retirement contributions, and year-round tax strategy are key ways to

Quick Summary: Charlotte is home to one of North Carolina’s fastest-growing business hubs—and with income tax changes in 2025, the opportunities to plan ahead (and save big) are real. Whether you're an LLC, S Corp,

Quick Summary: Huntersville business owners are facing a rare opportunity in 2025: lower state income tax rates, federal audit crackdowns, and continued IRS focus on S Corps and self-employed returns. This guide helps you plan

Quick Summary: North Carolina's income tax rate has dropped to 4.25% in 2025 and will fall to 3.99% by 2026. Lake Norman residents and business owners can benefit—but only with the right planning. This guide

Summary: Considering switching to an S Corp in North Carolina? Business owners earning over $50K in profit may save $5,000–$8,000 annually through payroll tax planning and retirement contributions. But the IRS requires reasonable compensation and

Federal and North Carolina Tax Deadlines for 2025 Type Deadline Notes Individual Tax Returns (1040 + NC D-400) April 15, 2025 Federal and NC returns due. Extension available. S Corporation (1120-S) & Partnerships (1065) March

✅ Quick Answer: Most NC couples save more by filing jointly, but separate filing may help with student loans, medical deductions, or liability protection. We run both scenarios to find what’s best for you. If

✅ Quick Answer: North Carolina residents may qualify for state and federal tax credits including child care, education, retirement savings, and credits for taxes paid to other states. Many are overlooked without planning. If you

✅ Quick Answer: Yes, you can still file your North Carolina taxes late. Penalties apply, but filing now reduces them. If you’re owed a refund, you won’t be penalized. Missed the April deadline to file

✅ Quick Answer: North Carolina’s individual income tax rate is 4.25% for 2025. It’s set to drop again to 3.99% in 2026. This reduction benefits high earners, retirees, and business owners with proactive tax planning.

With more people than ever working from home or across state lines, North Carolina taxpayers are asking one big question: “Do I still have to pay NC income tax if I work remotely?” Whether you

Getting a letter from the IRS saying you owe money can be terrifying—especially if you live in North Carolina and don’t have the cash on hand. But before you panic, know this: You have options.

Whether you’re in Charlotte, Asheville, or anywhere in between, most North Carolina residents overpay on taxes each year—simply because they don’t know what deductions they’re entitled to. At Polaris Tax & Accounting, we work with