IRS Budget Cuts and Staffing Shortages Could Disrupt 2026 Tax Filing Season, Warns Taxpayer Advocate
The Internal Revenue Service (IRS) is facing a potential crisis for the 2026 tax filing season due to shrinking budgets and staffing shortages, according to a warning from the National Taxpayer Advocate. In a recent report to Congress, Taxpayer Advocate Erin Collins expressed serious concern over the IRS’s ability to provide quality service to millions […]
Restaurant Accounting: How to Stay Profitable & Tax-Ready
Client Success Story: How PRC Accounting Helped a Restaurant Cut Costs and Simplify Tax Filing Running a restaurant in the U.S. is a high-stakes game. With rising food costs, tight margins, and ever-changing tax laws, many restaurant owners find themselves struggling to stay both profitable and compliant. At PRC Accounting & Tax Partner, we specialize […]
Why Accurate Bookkeeping Is Crucial for Small Business Growth in the USA
Client Success Story: How Better Books Led to Smarter Business Decisions At PRC Accounting & Tax Partner, we often meet small business owners who wear many hats — CEO, marketer, and sometimes, even their own bookkeeper. But one consistent trend we’ve seen is that accurate, consistent bookkeeping is a key factor in small business growth […]
Real Estate Client Saves Thousands with Cost Segregation Strategy
How Strategic Depreciation Boosted Cash Flow and Cut Taxes At PRC Accounting & Tax Partner, we help real estate investors not only stay compliant but maximize returns. One of the most powerful — and often overlooked — tools in real estate tax strategy is cost segregation. Here’s how we helped a Raleigh-based real estate investor […]
Why Monthly Bookkeeping Is Better Than End-of-Year Catch-Up
Why Monthly Bookkeeping Is Better Than End-of-Year Catch-Up How One Raleigh Business Avoided a Costly Tax Bill by Staying Organized Year-Round Many small business owners wait until tax season to sort out their books. But this “catch-up” method often leads to missed deductions, avoidable penalties, and costly stress. At PRC Accounting & Tax Partner, we […]
How We Helped a Local Startup Get Financially Organized from Day One
Setting Up a Solid Accounting Foundation for Long-Term Growth Starting a new business is exciting — but without a proper accounting system in place, even the most promising ventures can run into trouble quickly. At PRC Accounting & Tax Partner, we help startups not just stay compliant, but build a solid financial infrastructure from the […]
The PRC Accounting Checklist for New Business Owners in North Carolina
Starting a new business in North Carolina is an exciting journey, but it also comes with a long list of financial responsibilities. Whether you’re launching a tech startup in Raleigh or opening a boutique in Durham, proper accounting and tax planning are essential from day one. At PRC Accounting & Tax Partner, we help new […]
Tax Planning Strategies for Real Estate Professionals in 2025
Smart Moves to Maximize Deductions & Boost Profitability For real estate professionals, tax planning isn’t just about filing returns — it’s about building a strategy that aligns with your investment goals, cash flow, and long-term growth. Whether you’re a seasoned investor, a real estate agent, or a property manager, understanding the latest tax planning strategies […]
Sales Tax Compliance for Small Businesses: What You Need to Know
Sales tax compliance is a critical responsibility for small business owners. Failing to adhere to state and local tax regulations can result in penalties, audits, and financial setbacks. Understanding the basics of sales tax can help your business stay compliant and avoid costly mistakes. What is Sales Tax? Sales tax is a consumption tax imposed […]
Expert Accounting & Taxation Services for Your Business Success
At PRC Accounting & Taxation, we specialize in providing top-tier accounting services tailored to businesses of all sizes. Whether you need QuickBooks Pro help, bookkeeping services, or financial and managerial accounting expertise, our team of seasoned professionals is here to ensure your finances are in order. Comprehensive Accounting Solutions Our firm offers a wide range […]
