For small business owners in Conway and throughout Horry County, December is more than just the end of the year—it’s a critical time to get your finances in order before tax season begins. Proper year-end accounting can save time, reduce stress, and uncover opportunities for tax savings and smarter planning.

At Peavy & Associates, we help local businesses close out the year cleanly and confidently. Here are essential year-end accounting tips every small business owner should address before December 31.

1. Reconcile All Bank & Credit Card Accounts

Reconciling your accounts ensures your books accurately reflect your business’s financial activity. This step helps catch errors, duplicate entries, or missing transactions before they become bigger issues during tax preparation.

Why it matters:

Clean reconciliations lead to more accurate financial statements and fewer delays at tax time.

2. Review Income & Expenses for Accuracy

Take time to review all income and expense categories to ensure everything is properly recorded and categorized.

Focus on:

• Missing or uncategorized expenses
• Duplicate transactions
• Personal expenses mistakenly recorded as business expenses
• Accurate records help maximize deductions while staying compliant.

3. Prepare for Payroll, W-2s & 1099s

December is the ideal time to get ahead of January payroll reporting deadlines.

Before year-end, be sure to:

• Verify employee and contractor information
• Confirm W-9s are on file for contractors
• Review payroll records for accuracy

Early preparation helps avoid penalties and last-minute stress.

4. Take Inventory & Review Fixed Assets

If your business carries inventory or owns equipment, year-end is the right time to confirm asset records.

This includes:

• Performing a physical inventory count
• Reviewing depreciation schedules
• Identifying assets that may qualify for tax deductions

5. Evaluate Cash Flow & Plan for the New Year

Year-end financials offer valuable insight into your business’s performance. Reviewing cash flow now helps you plan for:

• Q1 expenses
• Staffing needs
• Equipment purchases
• Growth opportunities

6. Work with a Local Accounting Professional

Tax laws and reporting requirements can be complex—especially for small businesses. Partnering with a local accounting firm ensures your year-end accounting is accurate and optimized for your specific business and industry.

Close the Year Strong with Peavy & Associates

Getting your books in order before the year ends sets your business up for a smoother tax season and a stronger start to the new year. At Peavy & Associates, we proudly support small businesses across Conway and Horry County, South Carolina with reliable accounting, bookkeeping, and advisory services.

Schedule your year-end accounting review today and start the new year organized, compliant, and confident.

Many people wait until tax season to speak with their accountant—but by then, most opportunities to plan have already passed. For individuals and business owners in Conway and across South Carolina, December is actually the most valuable time to meet with your accountant and take control of your financial future.

At Peavy & Associates, year-end meetings allow us to provide proactive guidance that helps clients reduce stress, identify savings, and start the new year prepared. Here’s why scheduling a December appointment can make all the difference.

1. You Still Have Time to Make Impactful Changes

Once the year ends, many tax-saving strategies are no longer available. Meeting with your accountant in December gives you time to:

• Adjust income or expense timing
• Maximize retirement and health account contributions
• Make strategic purchases or charitable donations

These actions can directly affect your tax outcome.

2. Avoid Tax Season Surprises

A December review helps uncover potential issues before they become problems—such as underpayment risks, missing documentation, or unexpected tax liabilities.

Planning ahead means:

• Fewer surprises in April
• More accurate estimated payments
• Greater peace of mind

3. Get a Clear Financial Picture Before January

Year-end reviews go beyond taxes. December meetings provide insight into your overall financial health so you can:

• Set realistic goals for the coming year
• Create or refine budgets
• Make informed business decisions in Q1

4. Small Business Owners Benefit Even More

For business owners in Conway and Horry County, December planning is especially valuable. It’s the ideal time to:

• Clean up bookkeeping records
• Prepare for payroll and 1099 filings
• Review cash flow and profitability
• Plan for growth or staffing changes

5. Start the New Year Organized & Confident

Meeting with your accountant before the new year means you’re not scrambling in January. Instead, you’ll enter the year with clear expectations, organized records, and a plan already in place.

Proactive Planning Starts at Peavy & Associates

At Peavy & Associates, we believe accounting should be proactive—not reactive. A December meeting allows us to tailor strategies to your unique situation and help you make informed decisions before deadlines pass.

We proudly serve individuals and businesses throughout Conway, South Carolina, with personalized accounting, tax, and advisory services.

Schedule your year-end accounting consultation today and start the new year with clarity and confidence.

As December winds down, there’s still time to take strategic financial steps that may help reduce your tax bill before the year ends. For individuals and small business owners in Conway and throughout South Carolina, these final weeks are an opportunity to make informed decisions that can have a meaningful impact come tax season.

At Peavy & Associates, we help clients identify smart, last-minute financial moves that align with their goals and comply with current tax laws. Here’s what you should consider doing before December 31.

1. Accelerate or Defer Income Strategically

Depending on your financial situation, it may make sense to either accelerate income into this year or defer it to next year.

Examples include:

• Delaying invoices until January
• Deferring bonuses where possible
• Timing asset sales carefully

An accountant can help determine which strategy makes the most sense for your tax bracket and long-term plan.

2. Prepay Deductible Expenses

Paying certain expenses before year-end may allow you to deduct them on this year’s return.

Common deductible expenses include:

• Business supplies and equipment
• Professional fees
• Mortgage interest or property taxes (if applicable)
• Medical expenses that exceed deduction thresholds

3. Review Capital Gains & Losses

If you’ve sold investments this year, reviewing capital gains and losses before December 31 is critical.

• Tax-smart strategies may include:
• Harvesting capital losses to offset gains
• Rebalancing your investment portfolio
• Avoiding unexpected tax exposure from asset sales

4. Confirm Retirement & Health Account Contributions

December is the last chance to make or adjust certain contributions that may reduce taxable income.

Before year-end, review:

• 401(k) contribution limits
• IRA or Roth IRA eligibility
• Health Savings Account (HSA) contributions

5. Small Business Owners: Evaluate Payroll & Contractor Payments

Ensuring payroll and contractor records are accurate now can prevent delays and penalties later.

Important steps include:

• Confirming employee vs. contractor classification
• Verifying W-9 information
• Preparing for January W-2 and 1099 filings

6. Don’t Overlook State & Local Tax Considerations

South Carolina tax rules can differ from federal regulations. Proper planning ensures you’re not missing deductions or credits available at the state level.

Take Action Before the Clock Runs Out

Once December 31 passes, many tax-saving opportunities disappear. Taking action now allows you to reduce stress, avoid surprises, and start the new year financially prepared.

At Peavy & Associates, we provide proactive tax planning and accounting services for individuals and businesses in Conway, South Carolina.

Schedule your year-end tax consultation today and make the most of the opportunities still available before December 31.

As the year comes to a close, December is a critical time to review your finances and take advantage of tax-saving opportunities before December 31. Proactive year-end tax planning can help individuals and business owners in Conway and across South Carolina reduce their tax liability and start the new year with confidence.

At Peavy & Associates, we work closely with individuals and small businesses to identify smart, last-minute strategies that can still make a meaningful impact. Use this year-end tax planning checklist to ensure you’re financially prepared before the calendar turns.

1. Review Your Income & Deductions

Understanding where you stand financially is the foundation of effective tax planning. Reviewing income, expenses, and deductions now allows time to make strategic adjustments.

Key items to review:

• W-2 or 1099 income
• Business revenue and expenses
• Mortgage interest and property taxes
• Medical expenses and other itemized deductions

2. Maximize Retirement Contributions

Contributing to retirement accounts is one of the most effective ways to reduce taxable income while investing in your future.

Before December 31, consider:

• Maxing out IRA or Roth IRA contributions
• Increasing 401(k) contributions
• Reviewing SEP or Solo 401(k) options for self-employed individuals

3. Take Advantage of Charitable Giving

Charitable contributions may be tax-deductible if made by year-end. December is a great time to support causes you care about while also planning strategically.

Don’t forget to:

• Obtain proper documentation for donations
• Consider donating appreciated assets
• Review donor-advised fund options if applicable

4. Small Business Owners: Clean Up Your Books

For business owners in Conway and Horry County, December is the ideal time to ensure bookkeeping and records are accurate before tax season begins.

Important steps include:

• Reconciling bank and credit card accounts
• Reviewing payroll and contractor payments
• Preparing for 1099 filings
• Identifying deductible business expenses

5. Evaluate Equipment & Asset Purchases

Certain equipment and asset purchases may qualify for accelerated depreciation or immediate expensing, depending on your situation.

Planning ahead allows you to:

• Determine if purchases should be made before year-end
• Understand how depreciation impacts your tax return
• Align purchases with long-term business goals

6. Schedule a Year-End Tax Planning Meeting

Tax laws are complex, and every financial situation is unique. Meeting with a trusted accounting professional in December allows time to identify opportunities and avoid costly surprises in April.

Start the New Year Prepared with Peavy & Associates

Effective tax planning doesn’t happen during tax season—it happens before the year ends. At Peavy & Associates, we provide personalized tax and accounting services for individuals and businesses throughout Conway, South Carolina.

Schedule your year-end tax planning consultation today and take control of your financial future before December 31.

As the year draws to a close, many business owners begin looking ahead—setting goals, refining budgets, and planning for a stronger financial future. For Conway, South Carolina businesses, November is the perfect time to take a step back and evaluate where your business stands and where you want it to go in 2026.

Strategic tax planning is one of the most powerful tools for business growth. When done proactively, it strengthens cash flow, minimizes tax liability, and helps you make smarter financial decisions year-round. At Peavy & Associates, we partner with local businesses to align their tax strategy with long-term goals—and November is the best time to start that process.

Here’s how thoughtful tax planning today can support your business success in 2026 and beyond.

Why Start Your 2026 Financial Goal Setting in November?

1. You Still Have Time to Implement Tax-Saving Moves

Many tax strategies must be completed before December 31. Planning in November gives your business a chance to take advantage of deductions, credits, and investment opportunities that strengthen your financial position.

2. Year-End Financials Provide a Clear Picture of What’s Working—and What Isn’t

With nearly a full year of data, your books reveal patterns in spending, revenue cycles, and staffing that shape your 2026 plan.

3. Avoid January Rush Decisions

When tax season hits, time is limited. Reviewing your financial goals now allows for thoughtful, strategic planning—not rushed decisions.

How Strategic Tax Planning Drives Business Growth

Effective tax planning isn’t just about reducing what you owe; it’s about supporting your business’s long-term vision. Here’s how a strategic tax plan can impact your 2026 goals:

Optimize Cash Flow

Reducing your tax burden frees up cash that can be reinvested into:

• Equipment upgrades
• New hires
• Marketing initiatives
• Technology improvements
• Expansion opportunities

Improve Profitability

Identifying deductions and credits you may be missing—such as Section 179, bonus depreciation, energy credits, or South Carolina-specific incentives—directly impacts your bottom line.

Guide Smart Year-End Purchases

Your CPA can help determine whether buying equipment, vehicles, or software before December 31 will benefit your business financially.

Strengthen Compliance

A strong tax strategy ensures you stay aligned with federal and South Carolina regulations, avoiding costly penalties that derail financial progress.

Steps to Build a Strong 2026 Financial Plan

1. Review Your 2025 Financial Reports With a CPA

Profit and loss statements, balance sheets, and cash flow reports reveal exactly where your business stands.

2. Forecast Your 2026 Revenue and Expenses

Identify seasonal trends common in the Conway area—tourism waves, construction cycles, or holiday surges—to plan ahead effectively.

3. Create a Tax Strategy That Matches Your Growth Goals

For example:

• Planning to hire? Review available payroll credits.
• Expanding operations? Analyze depreciation opportunities.
• Expecting higher revenue? Adjust estimated taxes now.

4. Explore Retirement or Benefits Plans

Setting up or adjusting retirement options (SEP IRA, SIMPLE IRA, Solo 401(k)) can both reduce tax liability and support employee retention.

5. Evaluate Your Entity Structure

As businesses grow, their tax structure should evolve too. An S-corp election or restructuring may provide significant tax advantages for 2026.

Set Your Business Up for Success With Peavy & Associates

Whether you’re planning to scale, hire, invest, or simply stabilize your business operations in 2026, strategic tax planning is the roadmap that makes your goals achievable.

At Peavy & Associates, we work closely with Conway business owners to:

• Build year-end tax strategies
• Improve financial forecasting
• Strengthen compliance
• Optimize profitability
• Create long-term growth plans

November is the ideal time to begin this process—while there is still room to take action before year-end.

Start Planning Your 2026 Financial Strategy Today

Your business deserves a strong start to the new year. With proactive tax planning and expert financial guidance, you can make confident decisions that support sustainable growth.

Ready to align your 2026 goals with smart tax strate

Over the past year, the IRS has intensified its review of Employee Retention Credit (ERC) claims, leading to a significant increase in audits across the country—including right here in South Carolina. Many small business owners who filed for the ERC in good faith are now receiving notices, while others are discovering that third-party “ERC mills” may have improperly filed claims on their behalf.

If your business claimed the ERC—or you’re unsure whether the credit was filed correctly—November is the ideal time to review your records, understand your risk, and prepare for potential IRS communication.

Peavy & Associates supports Conway businesses through IRS audits, ERC reviews, and compliance issues. Here’s what you need to know about the current ERC audit wave and how to protect your business.

What Is the Employee Retention Credit (ERC)?

The ERC was created during the pandemic to help businesses that retained employees during economic shutdowns. While the credit offered valuable relief, its complex eligibility rules opened the door for errors—and, unfortunately, widespread abuse by aggressive marketing firms.

Because of this, the IRS is now taking a closer look at many claims filed between 2020 and 2021.

Why ERC Audits Are Increasing in 2025–2026

The IRS has launched new initiatives prioritizing ERC enforcement, including:

• Targeting suspicious filings by third-party promoters
• Identifying businesses with incomplete eligibility documentation
• Conducting in-depth reviews of refund claims still pending
• Requesting repayment from businesses who filed incorrect claims

For South Carolina employers—especially small businesses in sectors like hospitality, retail, medical, and construction—this means increased scrutiny of prior filings.

Signs Your ERC Claim Could Be Audited

While any claim can be reviewed, certain patterns increase the likelihood of an audit:

1. Your ERC was filed by a third-party “ERC company”

Especially those who guaranteed large refunds, charged contingency fees, or didn’t review your payroll or revenue records thoroughly.

2. Your business claimed the ERC for all eligible quarters

Aggressive filings draw more attention from the IRS.

3. You lack supporting documentation

This includes payroll reports, revenue comparisons, and evidence of government-mandated shutdowns.

4. Your refund amount was unusually large

Higher-than-average credits often undergo additional review.

What To Do If Your South Carolina Business Receives an ERC Audit Notice
If the IRS contacts you about your ERC claim, don’t panic—but take action quickly.

1. Don’t ignore the notice

IRS deadlines are strict. Missing one can trigger penalties.

2. Gather all documentation

This includes payroll reports, PPP loan records, revenue comparisons, and shutdown orders.

3. Avoid contacting the IRS directly on your own

ERC audits involve technical tax rules, and miscommunication can complicate your case.

4. Contact a trusted CPA immediately

Peavy & Associates handles IRS correspondence and represents businesses throughout the entire audit process.

What If You Used an ERC Promoter?

Many South Carolina businesses were encouraged to file ERC claims through marketing companies that:

• Overstated eligibility
• Filed incomplete or inaccurate forms
• Did not explain IRS requirements
• Pushed businesses to claim the maximum amount regardless of qualification

If this describes your experience, a professional ERC review is strongly recommended.
Peavy & Associates can:

• Review your claim for accuracy
• Prepare documentation you may be missing
• Correct improper filings
• Represent you in an audit or IRS inquiry
• Help you determine whether repayment or withdrawal is advised

How Peavy & Associates Supports Conway Businesses Through ERC Issues

Our team provides:

• Full ERC claim reviews
• Documentation audits
• IRS notice response support
• Audit representation
• Amended return preparation
• Guidance on voluntary withdrawal or repayment programs

With deep experience supporting local South Carolina businesses, we ensure you are protected, compliant, and confident moving forward.

Concerned About Your ERC Claim? We Can Help.

If you filed for the Employee Retention Credit—or you’re unsure how your claim was prepared—now is the time to review your eligibility before the IRS reaches out.

Peavy & Associates is here to help Conway business owners navigate ERC audits with clarity, confidence, and professional support.

Need an ERC review or help responding to an IRS notice? Contact Peavy & Associates today to schedule a consultation.

For many small businesses in Conway, South Carolina, tax season can feel overwhelming—but it doesn’t have to be. By taking a few strategic steps now, you can eliminate stress, avoid costly mistakes, and put your business in the best position for a seamless 2026 tax filing.

November is the perfect month to get ahead of your financial responsibilities. With the year coming to a close and holiday hours approaching, this is your chance to organize your books, review financial statements, and ensure all compliance tasks are completed before December 31.

At Peavy & Associates, we partner with local businesses throughout Horry County to simplify tax planning and help them stay compliant year-round. Here’s how your business can prepare for a smooth, stress-free upcoming tax season—starting today.

1. Clean Up Your Bookkeeping for the Year

Accurate books are the foundation of a successful tax season. November is the ideal time to:

• Reconcile bank and credit card accounts
• Categorize outstanding transactions
• Review vendor payments
• Ensure payroll expenses are correctly recorded
• Confirm all income is accurately documented

Up-to-date books help your CPA identify deductions, spot errors early, and file your return efficiently.

2. Prepare Payroll & 1099s Before the January Rush

January deadlines come fast—and missing them can lead to penalties. To stay ahead:

• Confirm employee and contractor information (addresses, EINs, SSNs)
• Review payroll tax withholdings for accuracy
• Identify all contractors requiring 1099-NEC filings
• Ensure you have W-9s from all vendors who need them
• Handling these tasks in November means you won’t be scrambling during the first week of January.

3. Review Your Business Financials With a CPA

A year-end financial review is one of the most valuable steps a business can take. Schedule a November meeting with your CPA to:

• Review profit & loss statements
• Evaluate cash flow and spending
• Discuss major purchases (equipment, vehicles, technology)
• Analyze tax liability projections
• Identify opportunities for year-end deductions

Peavy & Associates uses this time to help Conway businesses reduce their tax burden and strengthen financial planning for the year ahead.

4. Make Year-End Tax Moves Before December 31

Many tax-saving strategies must be completed before year-end. November is the perfect month to:

• Expense or depreciate qualifying equipment
• Pre-pay certain business expenses
• Catch up on estimated quarterly tax payments
• Contribute to retirement plans (SEP, SIMPLE, Solo 401(k))
• Review South Carolina-specific credits and incentives

Waiting until January removes your ability to make strategic adjustments—so November is essential.

5. Organize Your Documentation Early

Gathering the right documents now ensures a smoother tax process later. Key items include:
Profit & loss statements

• Balance sheets
• Bank and credit card statements
• Receipts for major purchases
• Payroll documentation
• Mileage and travel logs
• Vendor payments
• Inventory counts (if applicable)

A well-organized file saves you time, reduces errors, and speeds up the review process.

6. Address Any IRS or South Carolina Notices Before Year-End

If your business received any tax notices this year—federal or state—November is the time to resolve them. Ignoring notices can lead to penalties, interest, or delayed refunds.

Peavy & Associates specializes in handling tax notices and correspondence on behalf of local businesses, helping you resolve issues quickly and accurately.

Start Preparing for Tax Season With Peavy & Associates

The steps you take in November can make the difference between a stressful tax season and a smooth, organized one. By cleaning up your books, preparing payroll documents, and meeting with a CPA before year-end, you’ll set your Conway business up for success in 2026.

Ready for a stress-free tax season? Contact Peavy & Associates today to schedule your year-end review and tax planning session.

As the end of the year approaches, November is one of the most important months for proactive tax planning. Whether you’re an individual preparing your personal return or a small business owner in Conway, SC, taking strategic steps now can significantly reduce your tax liability, prevent surprises, and set you up for a smoother 2026 tax season.

At Peavy & Associates, we help South Carolina taxpayers make smart, timely decisions that maximize deductions and support long-term financial health. Here’s your November tax planning guide to help you finish the year strong.

Why Year-End Tax Planning Matters

Waiting until January to think about your taxes can cost you money. Many of the most impactful tax strategies—like maximizing deductions, adjusting income, or contributing to retirement accounts—must be done before December 31. Planning now ensures you have enough time to make informed financial choices that benefit you and your business.

1. Maximize Your Deductions Before December 31

For Individuals:

• Charitable Contributions: Donations made by December 31 are deductible for the 2025 tax year.
• Medical Expenses: If you’re close to the itemized deduction threshold, scheduling medical or dental procedures before year-end may help.
• Education Expenses: Review eligible education credits if you or a dependent attended college this year.

For Small Businesses:

• Expense Needed Equipment: Section 179 may allow full deduction on qualifying equipment purchased and placed in service before year-end.
• Review Business Mileage and Expenses: Clean up records now to avoid missed deductions later.
• Home Office Deductions: Ensure proper documentation if you work from home.

2. Review Your Estimated Tax Payments

South Carolina taxpayers—including freelancers, contractors, and small business owners—must ensure their estimated tax payments are on track to avoid penalties.

November is the ideal time to:

• Catch up on any underpaid quarterly taxes
• Adjust final Q4 estimated tax payments
• Review any significant income changes that may affect your 2025 tax liability

Peavy & Associates can help you calculate accurate estimates based on your year-to-date earnings.

3. Make Smart Retirement Contributions

Contributing to retirement accounts before December 31 can significantly lower taxable income.
Options include:

401(k) employee contributions

Traditional IRA contributions

SEP IRA contributions for business owners

Simple IRA or employer-sponsored plans

Maximizing these accounts supports financial wellness while reducing taxable income.

4. Prepare Key Documents Early

Creating a document checklist in November makes tax season faster and less stressful. Be sure to gather:

• W-2s, 1099s, and income forms
• Business expense receipts
• Bank and investment statements
• Charitable donation receipts
• Payroll and bookkeeping records for small businesses

Organizing these documents now helps streamline the entire filing process.

5. Meet With a Tax Professional Before the New Year

Many taxpayers wait until January to seek help—when it’s too late to make major changes. Meeting with a CPA in November allows you to:

• Strategically reduce your 2025 tax liability
• Plan for major purchases or investments
• Discuss upcoming life changes (marriage, home purchase, business start-up, retirement, etc.)
• Get personalized guidance on South Carolina-specific tax opportunities

At Peavy & Associates, our year-end tax planning services help individuals and businesses make informed, confident decisions before year-end deadlines hit.

Start Your Year-End Tax Planning with Peavy & Associates

November is your opportunity to take control of your financial picture and avoid unnecessary tax stress. Whether you’re filing individually or managing a business in Conway, South Carolina, our experienced team is here to support you with personalized, strategic tax guidance.

Ready to maximize your savings this year? Contact Peavy & Associates today to schedule your year-end tax planning appointment.

When it comes to managing your finances, you need a partner you can trust. Peavy & Associates, PC, located in Conway, South Carolina, provides comprehensive CPA services for individuals, families, and businesses. Our goal is simple: to simplify your financial life, minimize tax liability, and help you plan for long-term success.

With decades of combined experience, our certified professionals deliver expert guidance, personalized solutions, and trusted advice. Whether you need tax planning, bookkeeping, payroll, or business consulting, Peavy & Associates is your Conway CPA partner for financial clarity and confidence.

Our CPA Services in Conway, SC

1. Individual Tax Planning & Preparation

Navigating personal taxes can be overwhelming. We provide accurate, timely tax preparation, identify deductions and credits, and develop a proactive plan to reduce liability.

2. Business Accounting & Bookkeeping

From day-to-day bookkeeping to preparing financial statements, we ensure your business records are accurate, organized, and compliant.

3. Payroll Services

Reliable payroll processing and tax reporting are essential for any business. We handle the details so you can focus on running your company.

4. Tax Consulting & Strategic Planning

Our CPAs offer year-round tax planning to help you make informed financial decisions, maximize savings, and stay compliant with federal and state regulations.

5. Estate Planning & Succession Strategies

Protect your assets and plan for the future. We provide guidance on estate and trust planning, ensuring a smooth transition for your family or business.

6. Audit Assistance & Assurance

We offer support with audits, attestations, and financial reviews to protect your interests and maintain transparency.

Why Conway Residents Trust Peavy & Associates
Choosing the right CPA firm is about more than just numbers — it’s about trust, reliability, and expertise. At Peavy & Associates, we offer:

• Local Knowledge: In-depth understanding of Conway, South Carolina tax laws and business regulations.
• Personalized Solutions: Tailored strategies based on your financial goals and business needs.
• Professional Expertise: Experienced CPAs with ongoing education to stay ahead of changing regulations.
• Year-Round Support: Guidance and advice throughout the year, not just at tax time.
• Transparent Communication: Clear explanations, reporting, and pricing for peace of mind.

Benefits of Partnering with Peavy & Associates

By working with us, you gain a trusted financial partner who can help you:

• Minimize taxes and maximize deductions
• Maintain organized and accurate financial records
• Plan for retirement, growth, and major life events
• Avoid costly mistakes and IRS penalties
• Make informed financial decisions backed by professional expertise

Frequently Asked Questions

1. Who can benefit from your CPA services?

Individuals, families, small businesses, and corporations in Conway and surrounding areas benefit from our services.

2. How often should I meet with a CPA?

For optimal results, we recommend quarterly check-ins, though we tailor our services to your needs.

3. Can Peavy & Associates help with IRS audits?

Yes, we provide audit support, guidance, and representation to protect your interests.

4. Do you offer services for remote clients?

Absolutely. We work digitally with clients nationwide while providing personalized service.

5. How do I get started?

Contact us for a consultation — we’ll review your financial situation and recommend tailored solutions.

Take Control of Your Finances Today

Your financial future deserves expert guidance. Whether you’re an individual needing tax planning or a business owner seeking accurate bookkeeping and accounting, Peavy & Associates, PC is your trusted CPA firm in Conway, SC.

📍 Visit Us: 1516 E Highway 501, Unit 104, Conway, SC

📞 Call: (843) 347-0849

🌐 Website: www.peavyandassociates.com

📅 Schedule Your Consultation: Book Online

Partner with a CPA firm that puts your financial success first. Start planning smarter, growing stronger, and achieving peace of mind today.

Running a small business comes with challenges — especially when it comes to managing your finances. From tax compliance to bookkeeping and cash flow management, even minor missteps can lead to costly mistakes. That’s where Peavy & Associates, PC comes in.

Located in Conway, South Carolina, our full-service CPA firm provides personalized small business accounting and tax planning services that help business owners simplify operations, stay compliant, and plan for sustainable growth.

Comprehensive Small Business Accounting Services

At Peavy & Associates, we understand that every small business is unique. That’s why our services are tailored to meet your specific needs:

1. Bookkeeping & Financial Statements

We maintain accurate books and prepare timely financial statements so you can see exactly where your business stands.

2. Payroll Services

From employee payroll to tax reporting, we ensure accurate, on-time processing that complies with federal and state requirements.

3. Tax Planning & Preparation
Proactive tax strategies reduce liability, maximize deductions, and keep you ahead of regulatory changes.

4. QuickBooks & Accounting Software Support
We help set up, optimize, and manage your accounting software to streamline workflows and save you time.

5. Business Consulting & Advisory Services
We provide actionable insights on budgeting, forecasting, and financial decision-making to help your business thrive.

6. Audit & Assurance Services
Our team can assist with audits, reviews, and attestation services to ensure financial transparency and compliance.

Why Tax Planning is Critical for Small Businesses

Many small businesses wait until tax season to think about taxes, which can lead to surprises and lost opportunities. Year-round tax planning with Peavy & Associates helps you:

• Reduce your tax burden legally
• Take advantage of deductions and credits
• Plan for retirement contributions and business growth
• Avoid penalties and IRS issues
• Make informed financial decisions for the future

By reviewing your financials quarterly, we ensure your business stays on track and ready for any tax changes in 2025.

Frequently Asked Questions (FAQs)

1. What types of small businesses do you work with?

We work with sole proprietorships, LLCs, corporations, and partnerships across Conway and surrounding areas.

2. How often should I meet with my CPA?

We recommend at least quarterly reviews for small business owners to track finances, plan taxes, and make adjustments.

3. Can Peavy & Associates help with IRS audits?

Yes — we provide audit representation and support, guiding you through the process with confidence.

4. Do you offer remote services?

Absolutely. We work with clients digitally for bookkeeping, tax filing, and consulting while providing the same personalized service.

5. How do I get started?

Contact us for a free consultation — we’ll review your business, assess your needs, and create a plan tailored to your goals.

Why Choose Peavy & Associates in Conway, SC

• Local Expertise: We know Conway and South Carolina tax laws inside and out.
• Personalized Attention: Your business is unique, and we tailor services to match your goals.
• Trusted Professionals: Our CPAs have years of experience serving small businesses.
• Year-Round Support: We don’t disappear after filing season — we’re here all year to help you grow.
• Transparent Communication: Clear pricing, easy-to-understand reports, and proactive advice.

Book Your Small Business Accounting & Tax Consultation Today
Managing a small business doesn’t have to be stressful. With Peavy & Associates, PC, you can focus on running your business while we take care of the numbers.

📍 Visit Us: 1516 E Highway 501, Unit 104, Conway, SC

📞 Call: (843) 347-0849

🌐 Website: www.peavyandassociates.com

📅 Schedule a Consultation: Book Online

Take the first step toward stress-free finances, smarter tax planning, and sustainable business growth — partner with Peavy & Associates today.