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Pass Through Entity Tax Update (PTET Election)

South Carolina Withholding Tax Tips for Remote Employees

Authored By Jason Pritchard, GreerWalker

Title: South Carolina Withholding Tax Tips for Remote Employees The South Carolina Department of Revenue (SCDOR) recently released a summary of tips to assist employers dealing with withholding tax compliance for their remote workforce.  The rules for remote employees are complicated in many states & the pandemic made this a critical priority for many employers.  […]

Pass Through Entity Tax Update (PTET Election)

PTET Election: An Opportunity to Reduce Your Tax Bill

Authored By Jason Pritchard, GreerWalker

A recent tax planning strategy has emerged which benefits owners of many businesses that are structured as partnerships, LLCs, LLPs, or S-corporations. A carefully planned analysis of the business’ tax filings can provide a way to reduce an owners’ taxable income from the business due to the adoption of changes in how the entity reports […]

Pass Through Entity Tax Update (PTET Election)

North Carolina Pass Through Entity Tax Update

Authored By Jason Pritchard, GreerWalker

In November 2021, North Carolina enacted Senate Bill 105 which includes a new elective pass-through entity tax (“PTET”) filing options for certain NC companies.  This law change allows entities taxed as partnerships or S-corporations to elect to pay an entity level state income tax for taxable years beginning on or after January 1, 2022. Owners […]