Personalized & professional accounting since 1978.
General Info
Highland Paving Co, LLC is an owner-operated firm providing high-quality site work and paving services throughout Southeastern North Carolina. With hot mix asphalt plants located in Fayetteville and Wilmington, NC, Highland Paving provides site work and asphalt paving for property owners, developers, general contractors, and government agencies throughout the Southeast region of NC. As owners of the firm, John McCauley, Brian Raynor, and Albert McCauley are active in the daily operations of the business to ensure that our customers receive the service and quality they have come to expect from our firm. At Highland Paving Co. our focus is on providing high-quality materials and workmanship on time and on budget.
This segment of financial guides is dedicated to strategic tax planning for business owners. Can you save more? We think so.
Estate Taxes
Lessen Taxes at Time of Death
IRS Representation
Nothing strikes fear in the hearts of people more than receiving an IRS Audit letter in the mail. Audits take significant time away from your business and family, requiring you to gather mounds of records substantiating each and every item reported on your tax return and develop a comprehensive understanding of tax law.
Tax Services
These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.
Tax Deductions
As the employer, you’ll get a current income tax deduction for contributions you make on behalf of your employees. Your employees won’t be taxed when the contributions are made but will be taxed later when distributions are made, usually at retirement.
Income Tax
Preparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the US Government's General Accounting Office last year, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.
SEPS don’t require the detailed records that traditional plans must maintain. Also, there are no annual reports to file with the IRS, and the recordkeeping that is required can be done by a trustee of the SEP-IRA, usually a bank or mutual fund.
There are other requirements you’ll have to meet to be eligible to establish and make contributions to a SEP. Essentially, all regular employees must elect to participate in the program, and contributions can’t discriminate in favor of highly compensated employees. But these requirements are minor compared to the bookkeeping and other administrative burdens connected with traditional qualified retirement and profit-sharing plans.
Payroll Services
Our payroll service eliminates the burden of customizing, updating and maintaining your own payroll system--no more data entry, no more researching updates or new laws, no more worries.
Our services encompass nearly every aspect of financial life. We are experienced in all matters of accounting and taxation, IRS problem resolution, estates and trusts, business formation, financial planning and investment, real estate and business sales.
Retirement Planning
Annuities
Estate planning on your own can be complicated and costly. And the list is endless... state taxes, bureaucracy, probate courts, unfair appraisals, health care concerns, eligibility of heirs, life insurance, IRA's, 401K's, annuities, burial or cremation costs, and intent regarding death-postponing treatment to name a few. Not knowing your legal and financial rights often ends up costing you more in the end.