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.

As 2025 approaches, now is the perfect time to get your finances in order — before tax season stress sets in. Whether you’re a small business owner, freelancer, or individual filer, proactive tax planning can make a major difference in your financial outcome.

At Peavy & Associates, PC, our experienced team of CPAs and accountants in Conway, South Carolina help clients take control of their taxes, books, and business finances through personalized, year-round strategies.
Here’s your guide to effective 2025 tax planning, plus insider insights from our local experts.

Why Tax Planning Matters More Than Ever

Most people think about taxes once a year — when it’s time to file. But real financial success comes from planning all year long.

Proactive tax planning helps you:

• Reduce your overall tax liability
• Identify new deductions or credits
• Optimize business structure for savings
• Avoid surprises during filing season
• Improve long-term wealth management

When you partner with Peavy & Associates, you’re not just hiring a tax preparer — you’re gaining a trusted financial strategist who looks at the full picture.

Our Tax & Accounting Services in Conway, South Carolina

At Peavy & Associates, we deliver comprehensive financial services designed to simplify your life and strengthen your financial future.

1. Individual Tax Preparation & Planning

From standard W-2 returns to complex income portfolios, we tailor strategies to your specific situation. Our CPAs stay up to date on every IRS and South Carolina tax law change so you don’t have to.

2. Small Business Accounting & Bookkeeping

We help local businesses maintain clean financial records, track expenses, and stay compliant — freeing you to focus on growth. Whether you’re a sole proprietor or managing payroll for a team, we’ve got you covered.

3. Payroll Services

Simplify payroll with our efficient processing, reporting, and tax compliance solutions. We ensure accurate, on-time payroll — every pay period.

4. QuickBooks Setup & Support

Our experts can help you set up or optimize your QuickBooks system, ensuring your bookkeeping is efficient and error-free.

5. Business Consulting & Financial Forecasting

Planning a business expansion? Want to improve cash flow? Our consultants use advanced financial modeling to help you make confident, data-driven decisions.

6. Estate, Trust & Succession Planning

Prepare for the future by protecting your assets and ensuring a smooth transition for your family or business.

Tax Planning Strategies for 2025

Our team recommends implementing these smart tax strategies now — before year-end — to maximize your savings.

1. Review Your Withholding and Estimated Taxes

Ensure you’re not underpaying or overpaying. Our CPAs can run projections and help you adjust quarterly payments.

2. Maximize Retirement Contributions

Contributing to an IRA or 401(k) can reduce taxable income and build long-term wealth.

3. Take Advantage of Business Deductions

If you’re self-employed or own a business, you may qualify for deductions like home office expenses, equipment, and qualified business income (QBI).

4. Consider Timing Income & Expenses

Depending on your tax bracket, it may be beneficial to defer income or accelerate expenses before December 31.
5. Plan for Capital Gains

Selling property, stocks, or a business? Let’s strategize how to offset capital gains with losses or time your sales wisely.

Why Choose Peavy & Associates

At Peavy & Associates, we’re proud to serve Conway and surrounding communities with professionalism, accuracy, and integrity. Here’s what sets us apart:

• Locally Rooted: As a Conway-based CPA firm, we understand South Carolina tax law and regional business dynamics.
• Experienced Team: Our accountants and CPAs have decades of combined experience across personal and business finance.
• Year-Round Support: We’re not just here during tax season — we’re your ongoing partners in financial growth.
• Customized Solutions: Every client gets a tailored plan, never a one-size-fits-all approach.
• Trusted Reputation: We’ve built lasting relationships based on transparency, reliability, and results.

FAQs About Tax Planning & Accounting

1. When should I start planning for the 2025 tax year?

Now! The earlier you begin, the more opportunities you’ll have to reduce your taxable income and avoid last-minute stress.

2. What documents should I bring to my tax consultation?

Bring your income statements (W-2s, 1099s), expense records, prior tax returns, and any relevant investment or property documentation.

3. Do you work with remote or out-of-state clients?

Yes — while we’re based in Conway, SC, we serve clients across the Southeast and nationwide through secure digital tools.

4. How often should I meet with my accountant?

We recommend quarterly check-ins to stay on track with tax projections, business goals, and financial updates.

5. Can Peavy & Associates help me with IRS issues?

Absolutely. We provide IRS correspondence support, audit assistance, and representation to help resolve tax matters quickly and effectively.

Plan Smarter, Stress Less — Partner With Peavy & Associates

Whether you’re preparing for next year’s taxes or managing your business finances, Peavy & Associates is your trusted accounting partner in Conway, South Carolina.

Our mission is simple: to provide expert guidance, honest communication, and real financial results.

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

📞 Call: (843) 347-0849

🌐 Website: www.peavyandassociates.com

📅 Book a Free Consultation: Schedule Online Here

Take control of your financial future today. Contact Peavy & Associates, PC — where professionalism meets personal attention.

At Peavy & Associates, PC, we deliver more than numbers — we deliver peace of mind. Based in Conway, South Carolina, our full-service CPA firm blends deep local understanding with technical excellence to serve individuals, small businesses, and growing enterprises. Whether you need tax planning, bookkeeping, audit support, or consulting, we tailor our solutions to your goals.

With a foundation built on trust, integrity, and ongoing professional development, Peavy & Associates helps clients maintain financial viability today while planning strategically for tomorrow. Peavy and Associates, PC+2Peavy and Associates, PC+2

Our Core Services

Tax Planning & Preparation

We offer proactive tax planning and preparation services for individuals, businesses, and estates — minimizing liability while maximizing compliance. Peavy and Associates, PC+1

Bookkeeping & Financial Statement Preparation

From daily bookkeeping to monthly and quarterly financial statements, we help you maintain clarity in your finances. Peavy and Associates, PC+1

Payroll & Cash Flow Management

Outsource your payroll, manage with accuracy, and ensure compliance. We also support budgeting, forecasting, and cash flow optimization. Peavy and Associates, PC

Accounting System Setup & Support

If you’re starting fresh or updating existing systems, we provide setup, training, and support for accounting software and workflows. Peavy and Associates, PC

Estate, Trust & Succession Planning

Prepare for the future with structured estate planning, trust formation, and business succession strategies. Peavy and Associates, PC+1

Audit, Attestation & Consulting

We assist with attestations, financial reviews, and strategic advisory consulting — offering insight and verification when you need it. Peavy and Associates, PC+1

Why Choose Peavy & Associates in Conway, SC

Local Expertise, Trusted Reputation

Located at 1516 E Highway 501, Unit 104, Conway, SC, we are deeply rooted in the local community and understand the nuances of state and regional tax law. Peavy and Associates, PC+2MapQuest+2

Personalized, Client-Centered Focus

We don’t believe in one-size‐fits‐all. Every engagement begins with a consultation to understand your unique challenges, goals, and preferences. Peavy and Associates, PC+1

Up-to-Date Professional Standards

Our team stays current with evolving tax codes, accounting standards, and regulatory changes to provide you accurate, compliant advice.

Integrated Solutions

We combine bookkeeping, tax planning, payroll, consulting, and system support — delivering a seamless financial engine rather than fragmented services.

Transparent & Accessible

From free initial consultations to clear pricing and open communication, we believe in building trust from day one.

What to Expect When Working With Us

1. Initial Consultation
   We review your financial status, history, and goals, then recommend the best services or package suited to you.
2. Data Gathering & Onboarding
   We collect records, reports, and relevant documents. If needed, we assist with software setup or data import.
3. Service Execution & Review
   Whether it’s book closing, tax returns, payroll processing, or advisory work, we perform with diligence and periodic check-ins.
4. Communication & Transparency
   You’ll receive clear explanations, customized reports, and strategic insights — always keeping you in the loop.
5. Ongoing Support & Planning
   We stay by your side year-round — helping you adjust to changes, plan for growth, and optimize your financial operations.

FAQ: Answers to Common Client Questions

What areas do you serve?

Primarily Conway, Surfside Beach, and surrounding Horry County and northeastern South Carolina markets. Peavy and Associates, PC+1

When should I engage a CPA?

Early — getting guidance before decisions like business formation, tax elections, or major purchases ensures better outcomes.

How often should I have my books updated?

Monthly is ideal for transparency and timely decision-making. But some small clients opt for quarterly or annual updates.

Can you assist with IRS audits or notices?

Yes — we provide audit support, correspondence handling, and representation within allowable scope.

What is your pricing structure?

We offer transparent, service-based pricing. After an initial consultation, we provide an estimate tailored to the scope of work.

Call to Action: Let’s Build Your Financial Foundation Together

At Peavy & Associates, PC, we’re more than accountants — we’re your trusted financial partners in Conway, SC. Whether you’re an individual with complex tax needs or a business scaling to the next level, we’re ready to guide you.

Ready to get started?

📞 Call us at (843) 347-0849

📧 Email us at peavy@peavyandassociates.com Peavy and Associates, PC

📅 Schedule your free consultation online

Partner with a CPA firm that prioritizes integrity, clarity, and your long-term success. Let’s get your finances working smarter — starting today.

Planning for the future is one of the most important steps you can take to protect your family and your assets. Yet many families in Conway, South Carolina put off estate and trust planning, leaving loved ones vulnerable to unnecessary stress and tax complications. At Peavy & Associates, PC, we help local families create comprehensive estate plans that provide security and peace of mind.

Why Estate & Trust Planning Matters

An estate plan ensures your assets are distributed according to your wishes, minimizes tax liability, and helps avoid legal complications. Trusts, wills, and other tools can protect your family, provide for children or dependents, and ensure a smooth transfer of wealth.

Key Components of a Strong Estate Plan

1. Wills

A will is the foundation of any estate plan. It outlines how your property should be distributed and names guardians for minor children.

2. Trusts

Trusts offer flexibility and control over how assets are managed and distributed. They can help reduce estate taxes and avoid probate, saving time and legal costs for your heirs.

3. Power of Attorney & Healthcare Directives

Planning isn’t just about finances. Designating a power of attorney and healthcare directives ensures your wishes are honored if you become unable to make decisions for yourself.

4. Tax Planning Strategies

Proper estate planning can reduce federal and state taxes, preserving more of your assets for your loved ones. Our team helps identify opportunities for tax-efficient wealth transfer.

Why Work with a Local Conway CPA?

Navigating South Carolina’s estate and trust laws can be complex. A local CPA firm like Peavy & Associates, PC combines financial expertise with an understanding of local regulations, ensuring your estate plan is tailored to your family’s unique situation.

Secure Your Family’s Future with Peavy & Associates

Don’t leave your family’s future to chance. At Peavy & Associates, PC, we provide personalized estate and trust planning services for Conway families, helping you protect your assets and provide peace of mind.

📞 Call us today to schedule a consultation and start building an estate plan that works for you and your loved ones.

Running payroll may seem simple on the surface, but even small mistakes can lead to compliance issues, unhappy employees, and costly fines. For business owners in Conway, South Carolina, staying on top of payroll requirements is essential. At Peavy & Associates, PC, we’ve helped many local employers navigate these challenges with ease.

Here are the top payroll pitfalls we see—and how to avoid them.

1. Misclassifying Employees and Contractors

One of the most common payroll mistakes is treating workers as independent contractors when they should be employees. Misclassification can result in penalties for unpaid payroll taxes. Working with a knowledgeable CPA ensures your team is properly classified under IRS and South Carolina law.

2. Missing Tax Deadlines

Employers must withhold, report, and remit federal and state payroll taxes on time. Missing these deadlines can trigger penalties and interest charges. A reliable payroll system or outsourced service keeps everything on schedule.

3. Incorrect Overtime Calculations

Overtime rules can be tricky, especially for businesses with part-time or seasonal staff. Miscalculating overtime pay not only frustrates employees but may also lead to compliance issues under labor laws.

4. Poor Recordkeeping

Accurate payroll records are required by both the IRS and the South Carolina Department of Revenue. Incomplete or disorganized records can create headaches during audits. Keeping detailed documentation of hours worked, pay rates, and tax filings is essential.

5. Lack of Confidentiality and Security

Payroll data contains sensitive employee information. Failing to protect this data can lead to identity theft, loss of trust, and even legal consequences. Secure payroll systems and professional oversight help prevent breaches.

Avoid Payroll Stress with Peavy & Associates

Payroll doesn’t have to be a burden. At Peavy & Associates, PC in Conway, we provide comprehensive payroll services that ensure accuracy, compliance, and peace of mind for local employers. From small businesses to larger organizations, we customize solutions to fit your needs.

📞 Call us today to learn how our Conway payroll services can save you time, reduce risk, and keep your employees happy.