Tax Tips for Small Businesses 

Tax Tips for Small Businesses:  Many entrepreneurs are surprised to learn that they have to share with the government; in fact, we suggest you consider IRS to be a silent partner! We'll start with the top three ways to keep on the good side of the IRS: making sure you understand the difference between an employee and a contractor, paying estimated taxes when they're due (and keeping the money set aside to do it), and keeping good records with separate bank accounts and credit cards for business expenses and income.  Bring your lunch and your questions

Mark Goodson, CPA at Carol L. King & Associates, PA. Getting his start preparing tax returns as a teenager at his family's Winston-Salem tax and accounting firm, Mark has been fascinated with in business, finance and taxes all his life. Mark earned a BS in Accounting at Guilford College and an MBA in Finance from Georgia State, and then spent 30 years working as a Chief Financial Officer and Comptroller with major banks and securities firms around the state. His experience includes general accounting, managing accounts payable and accounts receivable, financial analysis, budgeting, forecasting and financial reporting. When not crunching numbers, Mark enjoys gardening and is interested in North Carolina's geography, geology and culture.  

Don Nalley, Accountant at Carol L King & Associates, PA. An Asheville native, Don has a Masters of Accountancy degree from the University of South Florida's Business School, along with a BS in Accounting and 9 years of experience as an accountant and auditor.  A wiz with Excel, he loves to slice and dice numbers to help his clients. Don believes in being active in the community and - along with his family - enjoys hiking, camping  and sports.  

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