Jessica L.
18:54 15 Nov 19
Richard J.
16:44 14 Nov 19
Shortly after opening his offices in Eden NC, Mr. Emerine and I met.... After Initial discussions, Wayne’s knowledge and expertise relating to the financial side of business was immediately apparent. Shortly there after, Carolina Bookkeeping Tax & Business Services became an integral part/valued resource for my Company.Nineteen years later and I still rely on his Company.I highly recommend Wayne Emerine to all of my friends, colleagues, and business associates. His broad financial knowledge base is as good there is. Mr. Emerine is a problem solver and works diligently providing 100% effort for his clients.read more
rhonda P.
00:59 13 Nov 19
Carolina Bookkeeping has provided services for my Business for many years.... I have been so satisfied with their expertise Whenever any problem arrived they went beyond the call of duty to rectify the matter.One satisfied customer!!read more
Eric P.
18:33 12 Nov 19
I have had the pleasure of working with Wayne and the staff at Carolina... Bookkeeping for more than 10 years now. During this period of time our business has grown tremendously but not without its share of challenges and problems. This is where Wayne and his staff excel, financial, business and tax solutions developed by Wayne's team have proven successful at every level. Some of the many ways he has helped include:1.) He helped reduce a tax debt from over $232,000 down to $28,000. 2.) He helped us change our legal existence to mitigate tax burdens and make us as owners better protected as well. 3.) He helped broker a deal with a new bank that resulted in us being able to secure a sizable business loan that we had been unable to secure with our current bank.4.) He has removed all the stress out of dealing with the IRS from a business and personal perspective. He also reduced our personal obligations to the IRS significantly as well.5.) He is an active member of our advisory board and has contributed greatly in helping us steer the company in a more profitable direction. Specifically, he has helped position us to be strong enough to acquire other companies and yet profitable enough to be attractive to companies looking to buy.Any of these items would be reason enough to establish a business relationship with him. However, my story doesn’t end here. Wayne has become the foremost authority in this area on a little known tax code called Difficulty of Care. This tax code and its implementation by Wayne and his staff have enabled us to legally save millions of dollars in taxes over the course of our relationship. This is worth saying again he saved us MILLIONS of dollars. This one tax saving strategy is directly responsible for us being a more stable company and able to provide better care to our clients, build programs for the mental health population that increase social activity and team sports participation and reduce bullying and so many other things too lengthy to mention them all here.I simply cannot say enough good things about this man and his company. I can honestly say partnering with Wayne and Carolina Bookkeeping was one of the smartest decisions my partner and I have ever made. Thanks,Eric M. Page, BS, QPOperations Manager, Co-Ownerread more
randall P.
16:05 10 Nov 19
Ive used Carolina Bookkeeping for 15 years for all my taxes and payroll. ... When I was audited several years ago by the NCDOR they handled it from start to finish and the agent couldn't find a single thing we could have done better. That really gave me confidence I was with the right outfit. The advice and counsel Ive received opening, operating, and even selling 4 separate business ventures over that time has been invaluable. I wouldn't be where I am now without them. Thanks to Wayne and the whole crew!read more
Shelia G.
15:14 09 Nov 19
Bobby C.
00:35 09 Nov 19
Carolina bookkeeping has been a virtual life saver for us. We were lost... and they brought light back to our lives financially. We would wholeheartedly recommend them for all your tax and financial needs.Blessed Alms II and Blessed New Beginnings Residential ServicesBobby Cunningham Directorread more
Kayla W.
22:32 08 Nov 19
Wayne is very knowledgeable of anything and everything dealing with the... IRS and taxes. I would highly recommend his services.read more
Scott E.
22:15 08 Nov 19
When it comes to understanding tax laws, mergers, acquisitions, and how to... operate business, Wayne Emerine is amazing. He understands how to allow business owners to use their capital to maximize efficiencies and minimize tax implications. He understands the laws and regulations that often limit business growth and how to navigate them properly.read more
Ruth M.
16:00 04 Nov 19
Wayne Emerine is a Godsend!!
Regina S.
14:30 15 Feb 18
Wayne, Daniel and Teresa are great. They got my taxes done quickly with... professionalism and courtesy.read more

New Business Start Ups

According to the US Census in 2018, small businesses have employed 1.9 million people and account for 47.5% of the entire American Workforce. These statistics encourage many of our clients to contemplate new business start ups.

The untold part of that story is that 20% of start ups fail in the first year and almost 60% fail by the fifth year. According to Forbes magazine the following three issues are the primary causes for small business failure:

  1. No market need.   We have seen a dramatic change not only in what consumers buy but also in how they buy products.  So, market research is an absolute necessity as step one before any business start up.
  2. Not enough Capital.  73% of start ups start only with the capital on hand from savings.  A majority of start ups have no established banking or lending arrangements for needed capital. And 82% of businesses fail due to insufficient cash flows.
  3. Not the right team.

Who should be counted as part of your team?

At Carolina BTS, we believe that your team should include outside firms with small business experience and it is important from the very beginning.  Even before you officially form your company.  In fact, determining the proper business formation for your industry and personal needs is critical and has long-term impact.  S Corporations, C Corporations, Limited liability companies, partnerships and sole proprietor companies are among the most popular choices.  Make sure you know which is the best choice for you and your new business.

The second cause of business failure is a lack of working capital.   Healthy working capital and cash flows depend on strong banking relationships and keeping focus on not only what you make, but what you keep!

So, who is on your team?   We have over 40 years of small business experience in a wide variety of industries and business types.