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florrie@abs-carolinas.com
910.986.9586

Don’t Loose Out with the New Tax Laws!

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The Tax Cuts and Jobs Act that passed December 2017 is about to take affect and many are worried how these changes could affect them. The biggest concerns are for are: Homeowners: That have high balances on their loans Have non-qualified home equity debt Have mortgage loans above $750,000 and originated after December 15, 2017...
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Wayfair Tax Case

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On June 21, 2018, the U.S. Supreme Court overturned, Wayfair Tax Case by a 5-4 majority, that states could charge tax for out-of-state purchases in the South Dakota v. Wayfair case. This overturned 51 years of authority that had restricted states from imposing their sales tax obligations on out-of-state retailers who did not have a...
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Depreciation Deduction

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Guest post by Accounting Today*: Business taxpayers who placed qualifying property in service during 2017 but haven’t claimed the new 100-percent depreciation deduction are running out of time to file the election with the IRS. Individuals and calendar-year corporations must generally file the election with the IRS by Oct. 15. The deduction, created by the...
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Uncashed PayChecks

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Uncashed paychecks can be tricky and a source of tedious work. You can’t just void them and forget about it. Same is true for other company written checks such as employee commissions, accounts payable, dividends, vendor payments, refunds and travel expenses. The amount of net pay continues as a company liability indefinitely. You must try...
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Accounting Principles

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Accounting follows a certain framework of core principles called accounting principles, which makes the information generated through an accounting system valuable. Without these core principles accounting would be irrelevant and unreliable. These principals include: Accrual Concept Going Concern Concept Business Entity Concept Monetary Unit Assumption Time Period Principle Revenue Recognition Principle Full Disclosure Principle Historical...
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Why Choose Us

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ABS Carolinas LLC QuickBooks Experts What sets ABS-Carolinas apart is the level of expertise and knowledge in both QuickBooks and accounting. Florrie graduated from the University of South Carolina, Coastal Carolina College in 1983 with Honors from the Wall School of Business Administration. Since then she’s worked as an accounting executive in the health care...
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Service Locations

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We have expanded our Accounting Services areas! Now includes both North and South Carolina. The following are the areas we service. Call or Email to get your find out how we can help you! In South Carolina Myrtle Beach Conway through out the Grand Strand area including: North Myrtle Beach Little River Surfside Garden City...
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Bookkeeping

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Bookkeeping is a must in any business; and no matter what size business you own and operate, it is important to recognize the best practices that will keep you running smoothly along the way. Record keeping to financial analysis will not only keep your day to day expenses under control but will help you discover...
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