Lesemann Provides Opening Remarks at 3rd Annual NCACPA Financial Literacy Making Cents Program

J. A. (Jay) Lesemann, Jr CPA, managing member of Lesemann & Associates, PLLC Certified Public Accountants and Chair-Elect of the North Carolina Association of CPAs (NCACPA) for the 2012/2013 fiscal year, presented opening remarks at the NCACPAs 3rd annual Making Cents Financial Literacy Program in Raleigh on Saturday, October 29th.  Attending this annual event were [...]

J A (Jay) Lesemann Jr named NCACPA Chair-Elect for 2012/2013 Fiscal Year

J A Lesemann Jr, Managing Member of Lesemann & Associates PLLC Certified Public Accountants has been named the North Carolina Association of CPAs (NCACPA) Chair-Elect for the 2012-2013 fiscal year.  Mr. Lesemann has been a CPA since 1987 and a member of the NCACPA since 1994.  Please see attached press release for more information  http://www.lesemanncpa.com/wp-content/uploads/2011/09/2011-NCACPA-Chair-Elect-Press-Release.pdf Lesemann & [...]

NC Sales & Use Tax Rate Decrease Effective July 1, 2011

Effective July 1, 2011 the general North Carolina State tax rate will decrease to 4.75%.  After this adjustment is made and unless listed below, the North Carolina combined general State and Local tax rate for the majority of the counties in North Carolina will be 6.75%. The following North Carolina counties will have a combined [...]

IRS Increases Standard Mileage Rates

  Well it is now official – the IRS has announced in Announcement 2011-40 that effective July 1, 2011, mileage rates for those that use the Standard Mileage Rate will now be $0.55 per mile for the rest of the year – 2011.  In addition to the standard mileage rate for business expenses increasing, the [...]

Expanded Form 1099 Requirement Law Repealed

After much debate and cost to the American public, the expanded Form 1099 law that was enacted in conjunction with the 2010 Small Business Jobs Act and the 2010 Patient Protection and Affordable Care Act was finally repealed by the President on April 14, 2011.  What does this mean?  It means that the requirements for Form [...]