North Carolina Economic Report – 2024 Third Quarter
The following report presents findings from North Carolina’s third quarter, prior to the impact of Hurricane Helene on Western NC. The fourth-quarter report will include data after October 1. Highlights: DMJPS is pleased to provide a statewide quarterly economic report with highlights of North Carolina’s fifteen metros for the third quarter of 2024. The state’s […]
Disaster Recovery Act- Interest Relief Summary
On October 25, 2024, the NC Department of Revenue issued Directive TA-24-1. Part II allows taxpayers in eligible counties to request relief from the assessment of interest on unpaid taxes…
North Carolina Economic Report – 2024 Second Quarter
Highlights: DMJPS is pleased to provide a statewide quarterly economic report with highlights of North Carolina’s fifteen metros for the second quarter of 2024. The state’s economic indicators suggest overall steady growth and reflect an adaptable economy. In the second quarter of 2024, North Carolina added approximately 72,200 jobs year-over-year, bringing the quarterly average to […]
Hurricane Helene Tax Relief
In September 2024, Hurricane Helene brought unimaginable destruction to our neighbors, friends, and clients in western North Carolina, South Carolina, and eastern Tennessee. In the past month alone, our state…
North Carolina Economic Report – 2024 First Quarter
Highlights: DMJPS is pleased to provide a statewide quarterly economic report with highlights of North Carolina’s fifteen metros for the first quarter of 2024. The state’s indicators point to overall steady but moderate growth, with churn among industry employment patterns. • In the first quarter of 2024, North Carolina added approximately 70,000 jobs year-over-year for […]
QuickBooks Desktop Transition
We want to inform you of an important update about QuickBooks Desktop software. Intuit, the parent company, has announced a stop sell on all QuickBooks Desktop products, including Pro, Premier,…
Repeal of NC Privilege License Requirement for Many Occupations
Important Information for Professionals and Businesses: Effective July 1, 2024 the North Carolina Department of Revenue (NCDOR) has repealed the requirement for certain professions and businesses to obtain a yearly…
What is “Beneficial Ownership Information” Reporting and Why It’s Important?
Beneficial Ownership Information (“BOI”) reporting is a new federal law requirement estimated to impact more than 30 million businesses beginning January 1, 2024. In general, any entity, domestic or foreign,…
North Carolina Economic Report – 2023 Fourth Quarter
Highlights: DMJPS is pleased to provide a statewide quarterly economic report with highlights of North Carolina’s fifteen metros for the fourth Quarter of 2023. Indicators suggest the state maintained a steady growth pattern, although this was largely moderate. • In the fourth quarter of 2023, North Carolina added approximately 87,600 jobs year-over-year, climbing to an […]
Tax Reporting: 1099 Forms and Their Significance in Recording Financial Transactions
There are several types of 1099 forms, such as 1099-NEC (Nonemployee Compensation payments to independent contractors) and 1099-Misc (Miscellaneous Income payments), used for reporting transactions that occurred during the previous…
North Carolina Economic Report – 2023 Third Quarter
Highlights: DMJPS is pleased to provide a statewide quarterly economic report with highlights of North Carolina’s fifteen metros for the 3rd quarter of 2023. Indicators suggest the state has maintained its standing and experienced overall steady growth compared to a year prior. • In the third quarter of 2023, employment in North Carolina averaged just over […]
North Carolina Economic Report – 2023 Second Quarter
Highlights: DMJPS is pleased to provide a statewide quarterly economic report with highlights of North Carolina’s fifteen metros for the 2nd Quarter of 2023. These state indicators show sustained and positive growth amidst a continued low unemployment rate. • In the second quarter of 2023, employment in North Carolina averaged just over 4.9 million, marking […]