Richey May North Carolina

Richey May North Carolina We transform accounting challenges into growth opportunities.

DHW is now Richey May | North Carolina
Building trust through proactive guidance since 1990, our team transforms accounting challenges into growth opportunities. DHW is now Richey May | North Carolina - Building trust through proactive guidance since 1990, our team delivers total solutions across healthcare, manufacturing, nonprofit, and other specialized industries.

Small business owners, beware: Tax identity theft is a costly, ongoing threat. Criminals may file fraudulent returns usi...
06/04/2026

Small business owners, beware: Tax identity theft is a costly, ongoing threat. Criminals may file fraudulent returns using a business’s EIN, impersonate executives to steal employee W-2 data, or use forged IRS documents to pose as a business for financial or tax-related activity.

Protect your organization by implementing a cybersecurity plan, securing sensitive data, training employees and using technology tools such as encryption and multi-factor authentication. Working with a trusted tax professional is also critical. We can review your risks, recommend safeguards and determine the next steps if something looks suspicious. Contact us to learn more.

Suspected employee fraud can quickly disrupt a nonprofit’s operations and erode trust. A thoughtful, well-coordinated re...
06/02/2026

Suspected employee fraud can quickly disrupt a nonprofit’s operations and erode trust. A thoughtful, well-coordinated response — grounded in strong governance, proper documentation and advisor support — can help reduce and recover losses and restore trust. Just as important, these situations offer an opportunity to strengthen internal controls and better protect your organization moving forward. Contact our team to discuss how we can help assess risk, support investigations and implement safeguards.

LLC and LLP owners: Can you deduct your business losses this year? The answer may depend on whether your activity is con...
05/28/2026

LLC and LLP owners: Can you deduct your business losses this year? The answer may depend on whether your activity is considered passive according to the IRS’s passive activity loss rules.

Under these rules, you generally can use passive losses only to offset income from other passive activities. If you meet certain “material participation” criteria, however, you may be able to offset LLC or LLP losses against nonpassive income, such as wages, interest, dividends and capital gains — but the rules can be complex, especially for limited partners.

Contact us for guidance on tracking your participation hours, applying the material participation test and maximizing business loss deductions.

Honoring the brave men and women who gave everything for our freedom this Memorial Day.  Their courage and sacrifice wil...
05/25/2026

Honoring the brave men and women who gave everything for our freedom this Memorial Day. Their courage and sacrifice will never be forgotten.

Here are a few key tax-related deadlines for individuals for the rest of 2026. JUNE 15: Pay the second installment of 20...
05/20/2026

Here are a few key tax-related deadlines for individuals for the rest of 2026. JUNE 15: Pay the second installment of 2026 estimated taxes, if applicable. SEPT. 15: Pay the third installment of 2026 estimated taxes, if applicable. OCT. 15: File a 2025 income tax return and pay any tax, interest and penalties due if an automatic six-month extension was filed. DEC. 31: Incur various expenses that potentially can be deducted on your 2026 tax return. Contact us for more information about the filing requirements and to help ensure you meet all deadlines that apply to you.

05/19/2026

Happy National Accounting Day! 📊🎉

Today, we celebrate the professionals who keep businesses organized, compliant, and positioned for growth. Behind every strong business is accurate accounting, thoughtful planning, and a team that understands the numbers that matter most. We’re proud to support our clients every step of the way.

Thank you to our clients, partners, and fellow accounting professionals for the work you do every day! Your integrity and precision is unmatched!

How you capitalize your C corporation isn’t just an accounting matter — it’s a tax-saving opportunity. You can set up fu...
05/15/2026

How you capitalize your C corporation isn’t just an accounting matter — it’s a tax-saving opportunity. You can set up funds supplied by shareholders as either capital contributions (equity) or loans (debt).

Future withdrawals by equity investors may result in double taxation. Conversely, repayments of shareholder loans are generally tax-free, while interest payments are taxable to the shareholder and deductible by the corporation. This setup provides a more tax-efficient way to get money out of your company. However, the IRS may reclassify shareholder loans as equity if not properly structured and documented. Contact us to evaluate your options and determine what’s right for your situation.

Richey May North Carolina is proud to announce that Tanner Rockett and Andrew Sexton have successfully achieved the pres...
05/13/2026

Richey May North Carolina is proud to announce that Tanner Rockett and Andrew Sexton have successfully achieved the prestigious Enrolled Agent (EA) designation from the Internal Revenue Service (IRS). The Enrolled Agent credential is the highest tax-related credential awarded by the IRS and is recognized nationwide. Rockett is a Senior Accountant in the Hickory office. Sexton is a Senior Accountant in the Morganton office.

The achievement of two new Enrolled Agent designations further enhances Richey May North Carolina’s ability to provide knowledgeable tax planning, compliance, and representation services to individuals and businesses.

Growing small businesses may trigger the ACA’s play-or-pay provisions. These rules apply to applicable large employers (...
05/12/2026

Growing small businesses may trigger the ACA’s play-or-pay provisions. These rules apply to applicable large employers (ALEs), which are those with 50 or more full-time employees, including full-time equivalents (FTEs).

ALEs must offer full-time employees and their dependents minimum essential coverage that’s affordable and provides certain minimum value. For 2026, the penalties for noncompliance generally are 1) $3,340 per full-time employee, excluding the first 30, for not offering coverage, and 2) $5,010 per full-time employee who receives a premium tax credit, for offering coverage that doesn’t meet the affordability and minimum value requirements.

Contact us to discuss your obligations.

Happy Mother’s Day to all the incredible moms, grandmothers, step-mothers, and mother figures who give so much love, str...
05/10/2026

Happy Mother’s Day to all the incredible moms, grandmothers, step-mothers, and mother figures who give so much love, strength, and support every day. Thank you for everything you do!

Address

209 13th Avenue Pl NW Ste 200
Hickory, NC
28601

Opening Hours

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

Telephone

(877) 322-2070

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