Blog & Articles

If you own a Limited Liability Company (LLC) in North Carolina, filing your Annual Report isn’t optional—it’s a legal requirement that keeps your business in good standing with the state. Miss the deadline, and you

In the wake of Hurricane Helene, thousands of North Carolina residents and businesses are dealing with storm damage, disrupted income, and financial uncertainty. The IRS and the North Carolina Department of Revenue (NCDOR) have responded

If you live or run a business in North Carolina, your state tax bill just went down. Again. As of January 1, 2025, North Carolina’s individual income tax rate officially dropped from 4.5% to 4.25%—part

If you’re still waiting on your North Carolina state tax refund, you’re not alone. In 2025, thousands of taxpayers across the state—from Asheville to Charlotte to Lake Norman— have reported significant delays. While refund holdups

If you're a business owner or individual in Huntersville, Lake Norman, or Charlotte, you've likely encountered the dilemma of choosing between a Certified Public Accountant (CPA) and an Enrolled Agent (EA) for your tax and

When forming an LLC or corporation in North Carolina, you’re required to designate a Registered Agent—but most business owners don’t fully understand what this role means. And when it’s handled poorly, it can lead to

Electing to be taxed as an S Corporation can be one of the most powerful strategies for business owners in North Carolina to reduce self-employment tax. But like most things with the IRS, timing and

Living and working in Asheville comes with a lot of perks: beautiful views, a strong creative economy, and a thriving small business scene. But when it comes to taxes, too many Asheville residents wait until

If you're reading this, you’ve probably received a notice from the IRS—and your heart rate went up. You're not alone. Every year, thousands of North Carolina taxpayers receive IRS letters about missing income, underpayments, or

When North Carolina taxpayers start looking for help with tax filings, IRS letters, or business guidance, the first thing many ask is:“Should I hire a CPA?” But here’s what most people don’t realize:The title of

At Polaris Tax & Accounting, based in Plantation, Florida, we recently helped a business owner clean up a serious mess left behind by a previous local accountant. The client came to us in 2024 after

If you’ve received a letter from the IRS, don’t panic—but don’t ignore it either. Most IRS notices are automated and sent when something doesn’t match on your return or when a balance is due. Understanding

We all want to save money on taxes—but there’s a line between smart tax strategy and risky behavior that can land you in serious trouble. Every year, the IRS releases a list of the most

A South Florida Guide for Entrepreneurs and Investors If you’re forming an LLC—or reviewing the one you already have—understanding your options is critical. The right structure can protect your assets, reduce your tax burden, and

If you're frustrated with your current accountant—or starting to feel like something’s off—you’re not alone. We’ve talked to business owners and individuals across Tamarac who say things like: “They’re impossible to reach.” “I get different