Cherry Bekaert

MAY 27, 2024

South Carolina legislature recently passed both an expansion and extension of the Abandoned Buildings Revitalization Act , which has been instrumental in the revitalization of abandoned and neglected properties across the state. The new law applies to income tax years beginning after December 31, 2023.

South Carolina 52

South Carolina Real Estate Tax Delaware 52

CPA Practice

MAY 8, 2023

Reducing taxes is one way to cut costs, and sometimes moving from a high-tax state to a low-tax state can eliminate thousands of dollars in expenses year after year. Over 700,000 individuals fled California’s high taxes in favor of other states with lower taxes. New York lost more than 23,000 residents and over $1.6

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New York California North Carolina South Carolina 125

Cherry Bekaert

FEBRUARY 19, 2024

Company Background A family-owned, closely held real estate LLC valued at $50-70 million sought out Cherry Bekaert for estate planning guidance to ensure the business remained in the family. The SLAT structure provided significant advantages, including valuation discounts, income tax benefits and asset protection.

Real Estate 52

Real Estate South Carolina income tax tax planning 52

Going Concern

JANUARY 26, 2024

lived in Lexington at the time but later moved to South Carolina. According to her plea document, Fike worked at an accounting firm in Winchester from 2016 to 2021, and as part of her job had access to financial information on a client identified in the document as J.M. Fike, of Winchester, did bookkeeping work for J.M. and her family.

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Account accountant accounted audit 114