Pless & Company CPAs, P.A.

Pless & Company CPAs, P.A. Our firm offers financial services for businesses and individuals. Call for your next appointment to Pless & Company CPAs, P.A. How can our firm help YOU?

is a small full-service accounting firm located just off of Hillandale Road & I-85 in Durham, NC. Our primary goal is to assist individuals and businesses in their economic growth, success and underlying profitability. Our services include individual tax preparation, business tax preparation, QuickBooks support, bookkeeping and payroll service, W-2 and 1099 preparation, business & tax planning, in

dividual & estate tax planning, review & compilation services, assistance with IRS & NCDOR problem resolution. Don't underestimate the value and importance of managing your business or personal financial health! To obtain economic growth, you need to know where you stand financially to be able to plan ahead. A key factor in reaching your financial goals is having a solid relationship with an accountant that you can trust. Our office currently employs three Certified Public Accountants (two of which are former Internal Revenue Service agents) as well as a knowledgeable and personable staff. Let us handle all of your accounting needs. Call us today!

One of the easiest ways to reduce the size of your taxable estate is to take advantage of your gift tax annual exclusion...
07/13/2026

One of the easiest ways to reduce the size of your taxable estate is to take advantage of your gift tax annual exclusion. For 2026, you can transfer up to $19,000 per recipient gift-tax-free. And you can double the exclusion to $38,000 per recipient if you split the gifts with your spouse. But it’s critical to understand the rules of gift-splitting to avoid unintended tax consequences. To elect to split gifts, the spouse making the gift must file a gift tax return, and the other spouse must consent by checking a box on the return and signing it. Contact us at (919) 683-2614 for additional details.

Home renovations can improve a residence’s comfort, functionality, aesthetics and resale value. They might also provide ...
07/10/2026

Home renovations can improve a residence’s comfort, functionality, aesthetics and resale value. They might also provide tax benefits. You may be able to deduct mortgage interest on debt used to substantially improve your home. Certain improvements can also increase your tax basis, potentially reducing taxable gain when you sell. Medically necessary modifications may qualify as deductible medical expenses, subject to limits. And if you overlooked claiming now-expired credits for qualifying energy-efficient home improvements you made in 2025, an amended return may be worth considering. Call us at (919) 683-2614 to talk taxes before or after a home renovation.

Avoid underpayment penalties by staying on top of estimated tax payments and paycheck withholding. If you expect to owe ...
07/08/2026

Avoid underpayment penalties by staying on top of estimated tax payments and paycheck withholding. If you expect to owe at least $1,000 in taxes after subtracting credits and withholding, quarterly estimated payments may be required. Withholding and estimated payments must generally cover 90% of this year’s tax or 100% of last year’s tax (or 110%, depending on your income). Unsure if you’re on track? Let’s review your situation now to help avoid surprises when you file your 2026 return next year. Call us at (919) 683-2614.

Are you paying yourself and family members who work in your business reasonable compensation? The IRS requires compensat...
07/07/2026

Are you paying yourself and family members who work in your business reasonable compensation? The IRS requires compensation (including salaries, bonuses and perks) to reflect services performed and be comparable to compensation for similar roles in similar organizations. This is especially important for owner-employees and related parties. Payments to relatives may be deductible, but only if they represent reasonable wages for bona fide services and are well documented. Excess compensation may be reclassified as nondeductible distributions of income, while underpaying may raise payroll tax issues. Regularly reviewing compensation practices can help reduce audit risk. Call us at (919) 683-2614 for guidance.

Many small business owners find the concept of risk management intimidating. But essentially, it’s about identifying pot...
07/06/2026

Many small business owners find the concept of risk management intimidating. But essentially, it’s about identifying potential disruptions and making practical plans to guard against them. From cash flow slowdowns to staffing shortages, every business faces uncertainty. The key is being prepared, not overwhelmed. Call us at (919) 683-2614 for help reviewing your current risks, spotting emerging challenges, and making informed decisions that support long-term stability and growth.

The ultimate success of a business often comes back to decisions made at its inception. If you’re planning to start a bu...
07/03/2026

The ultimate success of a business often comes back to decisions made at its inception. If you’re planning to start a business, one key decision is choosing its structure, commonly sole proprietorship, C corporation, S corporation, partnership or limited liability company. In addition to owner liability variations, all have different tax requirements that can affect everything from hiring to cash flow to owner income. Another critical decision is choosing a tax year — either a calendar year or a fiscal year (12 consecutive months ending on the last day of any month except December). Call us at (919) 683-2614. We can help you make the best decisions for your current situation and your business’s future.

A mission statement is a concise, formal declaration of a business’s core purpose. The right one can serve as a rallying...
07/01/2026

A mission statement is a concise, formal declaration of a business’s core purpose. The right one can serve as a rallying cry for employees and a powerful marketing tool that attracts customers and drives revenue. So, whether you’re writing one for the first time or revising it during a rebrand, craft yours carefully. It can have a surprising impact on your bottom line. Please call us at (919) 683-2614 for help aligning your company’s core purpose with its financial parameters and strategic objectives.

Selling investments at a loss generally reduces taxes, but the wash sale rule can get in the way. If you buy the same or...
07/01/2026

Selling investments at a loss generally reduces taxes, but the wash sale rule can get in the way. If you buy the same or a “substantially identical” investment within 30 days before or after the sale, the loss may be disallowed. Fortunately, there are ways to avoid triggering the wash sale rule and still achieve your goals. Contact us at (919) 683-2614 to discuss balancing tax considerations with investment objectives.

Are you behind on federal tax payments or worried about defaulting on an IRS installment agreement? You might have more ...
06/30/2026

Are you behind on federal tax payments or worried about defaulting on an IRS installment agreement? You might have more options than you realize. If your finances have changed, the IRS may let you adjust your payment plan to lower monthly payments or a new schedule. If your agreement is terminated, you can request reinstatement. You can also consider an offer in compromise, which may allow you to settle for less than you owe. If you’re facing serious financial trouble and can provide evidence of undue hardship, the IRS sometimes allows up to six months to pay. It helps to act early. Call us at (919) 683-2614 with questions.

In strategic planning, it can be hard for business owners to step back and evaluate opportunities objectively. An extern...
06/29/2026

In strategic planning, it can be hard for business owners to step back and evaluate opportunities objectively. An external advisory board can offer fresh, independent perspectives and seasoned guidance, especially when handling high-stakes, complex transactions. A board’s involvement can elevate professionalism, strengthen credibility with stakeholders and support smarter long-term decisions. Contact us at (919) 683-2614 to explore how creating an advisory board, or optimizing your current one, can help your business grow.

Address

2726 Croasdaile Drive, Ste 101
Durham, NC
27705

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

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