Tax News and Insights
Tax law changes, filing deadlines, and notes from the practice.
Articles
- August 16, 2026
LLC vs. S Corporation Taxes in South Carolina
An LLC and an S corporation are not two competing entities — one is a state-law structure, the other a federal tax election, and most South Carolina owners can have both. What changes is how much of your profit is exposed to self-employment tax.
Read → - August 16, 2026
What to Do After an IRS Audit Letter
Most IRS letters are not audits, and most are resolved by a correct, timely response. The mistakes that cost people money are ignoring the letter, missing the date on it, or answering more than was asked.
Read → - August 16, 2026
1031 Exchange Timeline and Rules
A 1031 exchange defers capital gains tax when you sell investment real estate and reinvest. The deadlines are unforgiving, they start before most people start planning, and one of them is shorter than almost everyone thinks.
Read → - August 16, 2026
A Monthly Bookkeeping Checklist for Small Businesses
Bookkeeping goes wrong slowly. A month that is never closed becomes a quarter nobody trusts, and then a filing season spent reconstructing a year from bank statements. The routine below prevents that.
Read → - August 23, 2026
Quarterly Estimated Taxes: The September Deadline
The third estimated tax payment of 2026 is due Tuesday, September 15. This is the one that decides how the year ends for most self-employed people and S corporation owners, because it is the last payment with enough time left to fix anything.
Read → - August 23, 2026
Year-End Tax Planning Starts in September
Almost everything people think of as year-end tax planning has a deadline of December 31, and almost none of it can be arranged in the last week of December. September is when the year is still long enough to change and short enough to forecast.
Read → - August 23, 2026
South Carolina Sales Tax for Small Business
Sales tax is the obligation small businesses most often discover late, because nothing about it is triggered by profit. It is triggered by making a sale, and it starts on the first one.
Read → - August 23, 2026
Payroll Setup for Your First Employee
The first employee changes the shape of a business more than the second through the twentieth put together, because it is the point at which you start holding other people's money and answering to three agencies about it.
Read → - August 23, 2026
Choosing a Retirement Plan: SEP, SIMPLE or Solo 401(k)
The three plans a small business usually chooses between are not ranked. They trade capacity against cost against paperwork, and the right answer changes the moment you hire someone.
Read → - August 23, 2026
Section 179 and Bonus Depreciation
Both write-offs are larger and more permanent than they have been for years. Neither of them is a reason to buy something, and one of them does considerably less in South Carolina than it does on the federal return.
Read → - August 23, 2026
Do You Qualify for the R&D Tax Credit?
The research credit is one of the few incentives routinely left unclaimed by businesses that qualify, largely because the word "research" does not describe what most of them do.
Read → - August 23, 2026
Succession Planning for a Family Business
Succession is not one decision. It is a sequence of them, most of which are cheap to make early and expensive to make late, and one of which was quietly rewritten by the Supreme Court.
Read → - August 23, 2026
Rental Property Tax in South Carolina
The federal side of a rental is the same in Charleston as it is anywhere. What is different — and what costs Lowcountry owners the most money — is the layer underneath it: the assessment ratio, the accommodations taxes, and which jurisdiction you are actually in.
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Guides and resources
Reference material kept current rather than published once and left. Articles on specific tax topics are being added here.
How we publish
Everything published here is general information, not advice for your situation. Tax law changes, and the right answer usually depends on facts a page cannot know.
Where we state a rule, a threshold or a date, we cite the official source — usually IRS.gov or the South Carolina Department of Revenue — so you can check it yourself rather than take our word for it.
Every page carries the date it was last updated. Reference material such as the deadline calendar is reviewed when the tax year turns over, because a stale deadline is worse than no deadline.
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