Moore & Moore CPA

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

Employers may have more control over unemployment taxes and other related costs than they realize. Strong retention prac...
07/21/2026

Employers may have more control over unemployment taxes and other related costs than they realize. Strong retention practices can help reduce avoidable turnover and claims activity. Meanwhile, careful documentation, training and termination procedures may strengthen your position when claims arise. Approach layoffs cautiously; unemployment tax payments (particularly at the state level) are partially based on the number of employees who file claims. Carefully monitor federal requirements and state rules, too — particularly the availability of voluntary contribution opportunities. Call us at (803) 328-6131 for help reducing unemployment tax exposure and improving your organization’s financial performance.

Do you know the difference between IRS liens and levies? A federal tax lien arises when you fail to pay taxes after rece...
07/20/2026

Do you know the difference between IRS liens and levies? A federal tax lien arises when you fail to pay taxes after receiving an IRS bill or notice. It’s a legal claim against your property, including real estate and other assets, which can affect your ability to secure credit or complete financial transactions. A levy may be the next step if your debt remains unresolved. The IRS can seize assets — such as wages or bank funds — to satisfy the debt. In short, a lien protects the IRS’s interest, while a levy enforces collection. If you receive collection notices, don’t ignore them! Acting quickly can help open the door to resolution options. Call us at (803) 328-6131.

In general, companies can deduct rent as a business expense on their federal tax return. However, several rules limit th...
07/16/2026

In general, companies can deduct rent as a business expense on their federal tax return. However, several rules limit this tax break. For example, payments made under a conditional sales contract aren’t deductible as rent. And you can’t deduct “unreasonable” rent. This means it’s higher than market value, such as inflated rent paid to a “related person.” If you pay in advance, you can only deduct rent that applies to your use of the property during the tax year. (You’ll be able to deduct the rest in the year to which the payment applies.) On the other hand, you can usually deduct expenses you’ve paid to cancel a business lease. For help identifying deductible expenses, contact us at (803) 328-6131.

Tax planning requires more than preparing returns at filing time. We work with individuals and businesses throughout the...
07/15/2026

Tax planning requires more than preparing returns at filing time. We work with individuals and businesses throughout the year to identify tax-saving opportunities, address compliance requirements and respond to changing tax laws. Call us at (803) 328-6131 to schedule an appointment to discuss your tax needs.

Employers: Adding a Roth feature to your 401(k) plan can give employees more flexibility in saving for retirement. But i...
07/14/2026

Employers: Adding a Roth feature to your 401(k) plan can give employees more flexibility in saving for retirement. But it’s a decision you must consider carefully. Unlike traditional pretax deferrals, Roth contributions are made after tax, so qualified distributions are tax-free. This feature may appeal to younger workers, higher-paid employees who can’t contribute directly to a Roth IRA, and older employees affected by recent changes to the catch-up contribution rules. However, it also brings added administrative, payroll, recordkeeping and communication responsibilities. Contact us at (803) 328-6131 for help evaluating the strategy and implementing a Roth feature if you decide to move forward.

Are you paying yourself and family members who work in your business reasonable compensation? The IRS requires compensat...
07/13/2026

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 (803) 328-6131 for guidance.

In the event of divorce, part or all of a married couple’s business will often be considered divisible marital property....
07/09/2026

In the event of divorce, part or all of a married couple’s business will often be considered divisible marital property. If you’re in this situation, you likely can divide your business ownership interests without triggering federal income or gift taxes. The spouse receiving the interests assumes the existing tax basis (to determine future gain or loss) and holding period. Tax-free treatment generally applies to transfers made before, during or up to a year after the divorce. Transfer recipients will owe taxes on any gain if they later sell the ownership interests. Call us at (803) 328-6131 for more information on the tax implications of divorce.

Tax returns and financial statements are important. But you know we can do so much more, right? Think of us as your year...
07/08/2026

Tax returns and financial statements are important. But you know we can do so much more, right? Think of us as your year-round, human source of practical guidance. We can help you better understand the ups and downs of your cash flow, spot opportunities to cut costs or improve profitability, and plan for growth with greater confidence. Call us at (803) 328-6131 to learn more and get the strategic support you need to achieve your business goals.

Payroll fraud can strike employers in many ways. Five of the most common are: 1) Workers’ compensation insurance fraud; ...
07/07/2026

Payroll fraud can strike employers in many ways. Five of the most common are: 1) Workers’ compensation insurance fraud; false claims can elevate premiums and create losses for employers that self-insure. 2) Buddy punching; when one employee dishonestly punches a time clock for another, it can lead to lower productivity and indicate a high-risk culture. 3) Bonus and commission fraud; too-fierce competition and hard-to-achieve goals may drive these wrongdoings. 4) Ghost employees; when fraudsters create nonexistent staff members to collect their pay, your cash flow suffers. 5) Expense reimbursement fraud; a strict policy is necessary to prevent cheating and comply with IRS rules. Contact us at (803) 328-6131 to discuss how to prevent payroll fraud — and catch it if it does occur.

Owning assets jointly with your adult child can invite unwelcome tax consequences that may outweigh potential benefits. ...
07/06/2026

Owning assets jointly with your adult child can invite unwelcome tax consequences that may outweigh potential benefits. For example, owning an asset together as “joint tenants with right of survivorship” can open up transfer tax exposure. If you add your child to the title of property you already own, it may be considered a taxable gift of half the property’s value. And when you die, half of the property’s value will be included in your taxable estate. A properly designed trust can be a more tax-efficient option. Call us at (803) 328-6131 for details.

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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