The recent repeal of an Obama-era law that would have required Internet Service Providers (ISPs) to obtain users’ permission before sharing their personal data with marketers and other third parties has created dissent within the technology sector. Not surprisingly, major ISPs like AT&T and Comcast backed the repeal effort, arguing that the law was unfair…
What year did you join Scott and Company? I joined Scott and Company in July 2014. Where did you go to college? I graduated from the University of South Carolina in 1999. Why did you choose Scott and Company? Initially, I worked at my father’s firm, Clifton D. Bodiford, CPA. We merged with Scott and…
Whether it’s a newly formed company or an established one, getting an external perspective can be helpful to continued success, regardless of industry. What does an advisory board do and what are its primary attributes? Advisory Board Purpose & Makeup The primary purpose of an advisory board, which has no power to direct or authorize…
What a difference just a few years, a few weeks, or even a few Tweets can make. Ever since the turn of the century we’ve experienced a rapid boom in technology, the real estate and banking collapse, one of the longest stock market bull runs, the worst economic recession since the Great Depression, and the…
Small business owners struggling to find health plans for their staff and facing limited affordable options will welcome new provisions that again allow them access to health reimbursement arrangements (HRAs). Under the revised Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs), small business owners with less than 50 full-time employees are no longer prevented from helping…
Once considered a last resort for entity choice, C corporations deserve reconsideration, especially surrounding the dreaded double taxation issue. Double taxation refers to the two levels of taxation that C corporation income goes through. First, the income is taxed at the entity level and then again when the shareholder withdraws any earnings as a dividend….
Whether for a first-time commercial lease or if it’s time to move to a bigger and better building with a new business lease, understanding all of the elements in the contract can avoid a lot of potential problems down the road. Types of Leases An important, if not the most important, consideration is to understand…
What year did you join Scott and Company? I joined the firm in July 2015. Where did you go to college? My degree is from the University of North Carolina-Chapel Hill. Why did you choose Scott and Company? During the interview, I could tell that the firm’s members promoted a strong, trusting culture here. In addition…
This 2017 personal tax planning guide aims to provide you with information and planning tips to assist you in understanding and making the most of the laws affecting your tax situation. Using the guidance in this article will help ensure that you retain the tax benefits to which you are entitled and protect the wealth…
At one point or another in a workers’ career, burnout can likely become an obstacle. For some it can lead to their dismissal; for others it might serve as a pivot point to renew their careers. Whether an employee believes nothing is within their control or there are simply too many factors beyond their control,…
