More News

Aug 6, 2020

Business Owners React To Extended State COVID-19 Restrictions

By Christina Haley O'Neal, posted Aug 6, 2020

For local bar owner Matt Hall, Gov. Roy Cooper's announcement Wednesday to extend the state's economic reopening plan by another five weeks was not the decision he was hoping for. "Right now we're just looking for a chance to reach some of the state representatives if we could get an opportunity to possibly get compensated in some form or fashion. Wheth ...

Aug 5, 2020

Search Committee Forming To Find The Next WDI Leader

By Christina Haley O'Neal, posted Aug 5, 2020

A search committee is being formed to find the next president and CEO of Wilmington Downtown Inc., officials said Wednesday.  Colin Tarrant, a local attorney and member of the Wilmington Downtown Inc. (WDI) Board of Directors, is leading the effort to put together the committee over the next couple of weeks, he said. Tarrant aims to form a five- to 10-person sea ...

Aug 4, 2020

After Massive Outages, Crews Work To Restore Power

By Christina Haley O'Neal, posted Aug 4, 2020

Hundreds of Duke Energy employees were working to restore power throughout the Cape Fear region in what has been called a multi-day effort in the wake of Hurricane Isaias, officials said Tuesday. Jeff Brooks, Duke Energy spokesman, was out with restoration crews, including lineman and tree crews, on Middle Sound Loop road Tuesday, to follow the efforts in the Wilmington ...

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Caroline Montgomery
Adam Shay CPA, PLLC

The Incentive Stock Option Tax Trap

Posted Jul 23, 2020
This Insights article was contributed by Chris Massey, CPA (NC License Number 39147), a tax manager at Adam Shay CPA, PLLC.
With the recent nCino initial public offering and stock market surging back to pre-pandemic highs, we are receiving a lot of questions about tax planning for incentive stock options (ISOs). From a tax perspective, ISOs are arguably the most entire article
Aug 4, 2020

Cleaning Up Hurricane's 'big Sloppy Mess' On Water Street, Other Damage

By Cece Nunn and Christina Haley O'Neal, posted Aug 4, 2020

Chad Bean has worked on Water Street in downtown Wilmington for more than a decade, but he said he's never seen flooding get as bad there as it did Monday night, when Hurricane Isaias started battering the area. Bean worked Tuesday to clean up his business, Imago Hair Studio at 106 N. Water St., No. 109, after the hurricane blew through the Cape Fear region late Mon ...

Aug 3, 2020

Cape Fear Region Braces For Isaias

By Christina Haley O'Neal, posted Aug 3, 2020

Area businesses have been preparing for what is expected to be a low-level hurricane by the time Isaias, a tropical storm making its way up the East Coast, hits the Cape Fear region. Members of the local business community have been urged to have plans in place to protect company assets and employees, according to Natalie English, president and CEO of the Wilmington Cha ...

Aug 3, 2020

BIZTALK: What To Expect From Tropical Storm Isaias

By Vicky Janowski, posted Aug 3, 2020

Whereever you plan to be tonight, get there by 8 p.m. That was the advice Monday from Steven Still, New Hanover County Emergency Management director, as Tropical Storm Isaias advances toward the Cape Fear region. The storm is expected to move through the area late Monday, with tropical force winds picking up through the evening hours, according to the National Weathe ...

Jul 29, 2020

Local month-over-month unemployment numbers improved in June, the month after Gov. Roy Cooper lifted some coronavirus business restrictions and the state entered its phase two reopening May 22. The rates are not seasonally adjusted, and all counties in the state experienced year-over-year increases. The June rates in New Hanover, Brunswick and Pender counties each dr ...

Jul 28, 2020

FAA Announces $21M In Funds For ILM Expansion

By Christina Haley O'Neal, posted Jul 28, 2020

The Federal Aviation Administration has earmarked $21.1 million to go toward expanding the terminal building at the Wilmington International Airport (ILM). The funding is part of more than $273 million in airport safety and infrastructure grants through the FAA to 41 states and the District of Columbia, American Samoa, the Federated States of Microne ...

Jul 28, 2020

Cal Morgan Named To State Appraisal Board

By Christina Haley O'Neal, posted Jul 28, 2020

Local commercial real estate appraiser Cal Morgan has been appointed to the N.C. Appraisal Board, according to a news release. Morgan, owner of JC Morgan Co., was appointed by N.C. House Speaker Tim Moore, stated the release. JC Morgan Co. is a real estate appraisal, consulting and litigation support services firm. Morgan has served on the N.C. Property Tax C ...

Jul 24, 2020

Pender County Plans Reverse Osmosis Water Treatment Plant

By Christina Haley O'Neal, posted Jul 24, 2020

Pender County's plan to build a reverse osmosis water treatment plant that will serve the eastern portion of the county will get a boost from $20 million in state funding that the governor's office announced this week.  The project's funding was approved this month by the State Water Infrastructure Authority, which earmarked a $5 mil ...

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In The Current Issue

Planning A Bigger Sandwich Bite

Brent and Michele Brouse opened the Cape Fear region’s first Potbelly Sandwich Shop in July. Take it to the bank, it will not be their last....

Next In Line To Lead Ports

Brian Clark becomes the new executive director of the authority, following the retirement of Paul Coz­za, who has served as executive direct...

NCino 'on Fire'

When the dust cleared on July 14, nCino, which had $138 million in revenue in its most recent fiscal year, was valued at close to $7 billion...

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