David Knoble, CPA, PLLC

Strong, Smart Growth

By david.knoble, on December 13th, 2012

It is not often that we write about our clients’ successes. However, when a client receives special recognition, we want to share the story. The Darton Group in Charlotte, NC specializes in finance, accounting and project management consulting. Now the Charlotte Business Journal ranks them as the 6^th fastest growing private company in the … → Read More: Strong, Smart Growth

3.6 Million Social Security Numbers Compromised in South Carolina

By david.knoble, on October 30th, 2012

The South Carolina Department of Revenue announced in a press release on October 26, 2012 that not only were 3.6 million social security numbers exposed as the result of a foreign cyber attack, but approximately 387,000 debit and credit card numbers were also exposed. Additionally, some of the data was not encrypted and those anywhere in the United States or abroad that filed a South Carolina tax return between 1998 and 2011 are at risk. The South Carolina Department of Revenue has setup a web page » Read more about 3.6 Million Social Security Numbers Compromised in South Carolina »

Not Just Financial Planning …

By david.knoble, on August 20th, 2012

Most people believe a CPA is only to help with financial planning. However, we also help manage risk. You have risks you probably haven’t though about. Even if you aren’t self employed, have you thought about what happens if you or your spouse suddenly becomes deceased? Ok, so the answer is yes, you have a will. That’s not what I’m talking about and it probably means you have a risk you haven’t prepared for.

Identity Theft for the Deceased?

By david.knoble, on June 1st, 2012

A deceased family members is always a tough topic. It is still tough in our own family. It’s not often that I post links to articles outside of our blog, but this article deserves some attention. It discusses the steps necessary after a loved-one is deceased to protect the family from identity theft. The difference in this type of identity theft and that of your identity is that you actively protect your id (I hope). Do you protect deceased family member’s id’s? » Read more about Identity Theft for the Deceased? »

1099’s Must Be Sent Out!

By david.knoble, on January 19th, 2012

There are new questions on 2011 tax forms for Corporations, S-Corporations and Schedule C businesses that should encourage you to be sure and send out your 1099’s. The questions on the tax returns ask if a) you made any payments in 2011 that would require you to file 1099’s and b) if yes, did you file all 1099’s? » Read more about 1099’s Must Be Sent Out! »

When are Individual Taxes Due in 2011?

By david.knoble, on January 20th, 2011

So the biggest buzz about tax season in 2011 is determining when your tax return must really be filed! This comes into play most often when you owe the IRS a check because you want to write that check at the last possible moment. Here is the skinny on this year’s due date. » Read more about When are Individual Taxes Due in 2011? »

Taxpayers Itemizing Must Wait!

By david.knoble, on December 27th, 2010

We are all glad that the new tax law has extended some of the sunset provisions that were going to increase almost all our taxes in 2011 and beyond. There is a glitch, however, with passing this legislation at such a late hour. » Read more about Taxpayers Itemizing Must Wait! »

Nonprofit Leveraging of Assets

By david.knoble, on October 8th, 2010

Nonprofit organizations are given tax advantages because even the IRS realizes that nonprofits never have enough contributions or grants to do all their mission entails. This means the nonprofit world is constantly looking for ways to leverage every dollar in their wallet. However, even nonprofit organizations sometimes have to bite the bullet and spend money in order to receive more money. » Read more about Nonprofit Leveraging of Assets »

Is the End of the S-Corporation Near?

By david.knoble, on June 1st, 2010

For years now a great vehicle for starting a small business was the S-Corporation. Losses can be passed through to the owner during the startup years. Then, when profits begin, as long as the owner takes a ‘Reasonable Salary,’ the remaining profits are not subject to self-employment. Well, this may be the last year this holds true. Here’s why. » Read more about Is the End of the S-Corporation Near? »

Penalties From Using Tax Software

By david.knoble, on May 16th, 2010

A frequent question we are asked is “Why can’t I do my own taxes on Turbo Tax® or Tax Cut® software?” We came across a Tax Court case in which an individual was assessed a 20% penalty even though she used tax software to prepare her taxes. The individual argued she should not have … → Read More: Penalties From Using Tax Software

David Knoble, CPA, PLLC