2/2/2024 0 Comments Air b and b outerbanks![]() A “regular” Corporation (or C-Corp) pays tax on its profits at the business level, and then when the owners take those profits out of the business, it’s treated as a dividend and taxed on the owner’s personal income tax return. "The allure of the S-Corporation is the avoidance of double-taxation. But trust me, if your accountant doesn’t understand STR then either get another or don’t get into it. I’m back to doing my own corporate now, and only have the accountant verify each year come tax time, but I still have my tax guy do the personal because it’s worth the money to not have to deal with it. ( some is related to his S corp income or loss flows to your personal taxes ). I will say I’ve been doing my corporate taxes for 3 decades one I added the STR to the mix it was a nightmare until I dumped my accountant and found ones that understood that business and fixed my books. I have an S corp because I had one already I wasn’t doing much with and all the paperwork was done. It’s making sure that first year of books is correct so you don’t take a tax bath. If your accountant doesn’t understand STR then find one that does. I’m also in NC and finding a good tax account that can get everything set up right is critical. Take in the fascinating history of their railroad dynasty while on a self-guided tour of the 8,000-acre estate, which includes a winery.I have to agree with spince and undecended. Built in 1895, the 175,000-square-foot mansion once served as the home of George and Edith Vanderbilt. The largest home in America looms just outside Asheville. ![]() Be sure to keep your distance and never feed the animals. Other herds are scattered throughout the barrier islands. ![]() ![]() The northernmost community in the Outer Banks is accessible only by unpaved beach, and the 100 Corolla wild horses that populate the area are descendants of the Spanish mustangs that arrived by colonial ships in the 1500s. If watching wild horses roam a sandy beach sounds like something out of a fairy tale, then you’ll want to add Carova Beach to your itinerary. Popular stops include Grandfather Mountain and the Mile High Swinging Bridge with its 360-degree views of the surrounding mountains. The 469-mile Blue Ridge Parkway starts in Great Smoky Mountains National Park near the Tennessee-North Carolina border and winds its way northeast into Virginia, offering scenery galore paired with glimpses of Appalachian culture and Cherokee life. ![]()
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