Moore & Moore CPA

Moore & Moore CPA We are a full-service accounting firm that has concentrations in investing, real estate, and construction.

Sole proprietors: Are you on top of your federal tax obligations? Even if your business is small, tax compliance and pla...
09/03/2026

Sole proprietors: Are you on top of your federal tax obligations? Even if your business is small, tax compliance and planning are a big deal.

In addition to reporting business income and expenses, you may owe self-employment tax and need to make quarterly estimated payments. You might also need an employer identification number (for example, if you hire employees). State and local income, sales, payroll, and other tax requirements may apply, too. Careful planning can help you maximize deductions and choose the right retirement plan for your situation.

Contact us at (803) 328-6131 to learn more about the tax aspects of being a sole proprietor, including the reporting and recordkeeping requirements.

Business owners: Are you or your employees planning to go “back to school” soon? Two types of work-related education cos...
09/02/2026

Business owners: Are you or your employees planning to go “back to school” soon? Two types of work-related education costs may qualify for business tax breaks: 1) those required to retain an existing job, license or professional status, and 2) those directly tied to maintaining or improving skills for a current trade or business. Deductible expenses can include tuition, books, supplies and possibly travel if the primary purpose of the trip is business-related education. However, you can’t deduct costs for education that help meet the minimum qualifications for a position or to qualify for a new trade or business. Contact us at (803) 328-6131 to learn the ABCs of work-related education expense deductions.

Employees may occasionally need to take medical leave, creating a difficult situation for both the individual and organi...
09/01/2026

Employees may occasionally need to take medical leave, creating a difficult situation for both the individual and organization. A formal return-to-work program can help you support these workers while mitigating the operational and financial impact. Such programs take a systematic, thoughtful approach to communicating with employees on leave and easing their transitions back to work. Best practices include starting early, designating a clear contact, and establishing a consistent approach for evaluating work-related restrictions and potential adjustments in line with federal and state laws. Contact us at (803) 328-6131 for help exploring the financial impact of implementing a return-to-work program.

If you’re thinking about financing a new vehicle, you may be able to deduct up to $10,000 per year of interest paid. The...
08/31/2026

If you’re thinking about financing a new vehicle, you may be able to deduct up to $10,000 per year of interest paid. The deduction is available for certain personal auto loans originated after Dec. 31, 2024 — even if you don’t itemize deductions. Modified adjusted gross income (MAGI) limits apply, and only qualifying vehicles assembled in the U.S. are eligible. Before purchasing, consider whether eligibility for the deduction should factor into your vehicle choice. We can help run the numbers. Call us at (803) 328-6131.

Recent tax law changes made the New Markets Tax Credit permanent. This program encourages private investment in economic...
08/27/2026

Recent tax law changes made the New Markets Tax Credit permanent. This program encourages private investment in economically distressed communities by offering federal income tax credits to qualifying investors.

If your business invests in a certified community development entity (CDE), you may be eligible for a credit equal to 39% of your investment over seven years. Alternatively, your business may benefit indirectly by receiving CDE financing for renovations, equipment, expansion or other eligible projects in qualifying low-income communities.

We can help you estimate the potential tax or financing benefits and comply with the applicable requirements. Call us at (803) 328-6131 to learn more.

If you’re age 50 or older, a great way to enhance your retirement nest egg is to make “catch-up” contributions to your 4...
08/26/2026

If you’re age 50 or older, a great way to enhance your retirement nest egg is to make “catch-up” contributions to your 401(k), 403(b), 457 plan, SIMPLE or IRA. And workers age 60 to 63 can potentially boost their 401(k) or other employer-sponsored retirement plan up to 150% of the regular catch-up limit. For 2026, this means an extra contribution of $11,250 ($5,250 for SIMPLEs). Want to make the most of tax-advantaged savings opportunities? Contact us at (803) 328-6131.

Employers subject to COBRA have important responsibilities when this federally mandated continuing health care coverage ...
08/25/2026

Employers subject to COBRA have important responsibilities when this federally mandated continuing health care coverage ends early. Although you generally aren’t required to send monthly premium bills or payment reminders, qualified beneficiaries must be granted the required grace period to make premium payments if they fall behind. Should coverage end before the maximum allowed period, the plan administrator (whether your organization or a third-party provider) must issue a written early-termination notice disclosing why coverage is ending, the termination date and any applicable rights to other coverage. Call us at (803) 328-6131 for help managing the costs of COBRA compliance.

Whether your business sponsors a 401(k) plan or is considering it, automatic enrollment deserves a fresh look. This feat...
08/24/2026

Whether your business sponsors a 401(k) plan or is considering it, automatic enrollment deserves a fresh look. This feature automatically enrolls eligible employees in the plan unless they opt out or choose a different contribution rate. Under the SECURE 2.0 Act, many 401(k) plans established on or after December 29, 2022, must include an auto-enroll feature for plan years beginning after December 31, 2024. (Some exceptions may apply.) Older plans generally aren’t required to add this feature, but doing so can benefit both employers and employees. Call us at (803) 328-6131 for more information.

Your employees use Form W-4, “Employee’s Withholding Certificate,” to tell you how much federal income tax to withhold f...
08/20/2026

Your employees use Form W-4, “Employee’s Withholding Certificate,” to tell you how much federal income tax to withhold from their pay. Most forms are routine, but an altered certificate, unusual accompanying statement or IRS lock-in letter may require special handling. Employers generally aren’t responsible for verifying the information employees provide on W-4 forms. However, you must reject invalid forms, apply proper withholding rules when no valid form is on file and follow IRS withholding instructions. Reviewing your payroll procedures now can help prevent costly errors. Contact us at (803) 328-6131 for guidance on W-4 compliance and other payroll withholding issues.

Many tax law changes went into effect this year. So it’s important to evaluate where your business stands — and where it...
08/19/2026

Many tax law changes went into effect this year. So it’s important to evaluate where your business stands — and where it’s headed — before year end. Tax planning opportunities may still be available, but they’ll become more limited as the calendar winds down. Whether you’re considering equipment purchases, compensation strategies, retirement plan contributions or other tax-saving moves, now is the time to look ahead and review your options. Call us at (803) 328-6131 to bring your 2026 tax strategy into focus.

Address

325 S. Oakland Avenue
Rock Hill, SC
29730

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

(803) 328-6131

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