The accounting firm of David K. Raye, CPA, P.C. is dedicated to excellent client service.  Founded in October, 1996, we have consistently provided exceptional assistance and advice in our client’s tax, financial and business affairs.  We have many loyal clients and would like to have the opportunity to serve your tax and accounting needs.

We want you to get the best financial and tax help possible. Explore our web site to discover the many ways we can serve you. If you have a question that is not addressed here, please contact us via the contact form located at the bottom of this page or by phone at (704) 887-5298

You’ll find that we can take much of the worry and stress out of your financial life. We are ready to assist you in —

  • keeping your taxes as low as the law allows
  • building your personal wealth through sound tax and financial planning
  • designing recordkeeping and accounting systems that help your business function efficiently and profitably
  • helping you solve your business problems
  • preserving your estate for your intended heirs


Professional Tax Return Preparation

Today’s tax laws are so complicated that unless your financial affairs are extremely simple, chances are you will benefit from at least occasional help from a tax professional. It is too easy to overlook deductions and credits to which you are entitled if you prepare only one return a year. Even the use of computer software is no substitute for the assistance of a seasoned tax preparer.

We can prepare returns for a wide range of entities including individuals, corporations, partnerships, LLC’s, estates, trusts and non-profit organizations.


Business Solutions

Business problems and their solutions are as varied as the kinds of businesses in existence. There are some issues, however, that every business faces. Whatever your business concerns, we can provide the help you need.

Whether you are starting a business or operating an on-going concern, we can help you select the proper organizational structure and help you secure adequate financing. We will work with you and your banker, lawyer, insurance agent, and other advisers to solve your business problems.


Accounting Services

We can help you design an accounting system that is right for your business so that you will always have current and relevant financial information at your fingertips.




Tax Organizer

Organize your tax information with our free Tax Organizer.
After you schedule your tax appointment, please print and fill out the organizer. Bring the completed organizer with you to your appointment.


Download Adobe Reader

You will need the free Adobe Reader to view and print the Tax Organizer. If you do not have Adobe Reader installed on your computer, you may download it without charge from the Adobe website.

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You can get rough answers to your financial questions by using the following calculators and making a few estimates on your part. If we can be of assistance or answer questions for you, please call us.


Track Your Tax Refund


  • I’ve worked with David since 2000. Over the last 16 years, he’s taken care of all my business tax needs and personal tax returns. He helped me during the growth and sale of my firm and is taking care of my newest business ventures. I appreciate the extra care he gives his clients and his ability to make complex tax issues simpler for me. I’d recommend him to anyone needing help with their taxes

    – Linda Bready

  • David has been our CPA for both our business and personal accounts for 19 years.  David is always detail oriented in his work and always delivers the finished product as promised.  Over the past 19 years of working with us, I am constantly impressed with his work ethic and expertise in preparing our different types of tax returns.  I would highly recommend David to any business or individual who is looking for a CPA.

    – J. Dean Lackey, RPh, MBA, Med Data Research, Inc.

  • I met David Raye in 2009 while participating in the Steele Creek Toastmasters club.  David was developing and honing his public speaking skills.  And he put his presentation skills to work by becoming the president of his Rotary Club.     

    Needless to say, I was/am impressed with David’s personal and professional work ethic.  Over the last 9 years David has continuously demonstrated the ability to stay at the forefront of his accounting profession and he has continued to expand the accounting services and financial consulting offerings of his business.  

     I am totally confident in the accuracy, the timeliness, and the ethical counsel that David provides to me on behalf of my business and family tax portfolios.  And, I look forward to continuing our professional relationship and personal friendship in the coming years.

     Paul Bruno

    Founder/President, REFocus, Inc.   

    Web Client
  • Since 2011, I have trusted David Raye to provide personal accounting services and I have referred many friends and colleagues to David.  David has always delivered as promised and his advice and delivery have always been spot on.  I would highly recommend David to anyone looking for a professional accountant and have done so often.  

    Jim Pfeiffer



As the end of the year approaches, you may be looking for ways to lower 2019 taxes.  With the stock market near record highs, you may also be sitting on significant unrealized capital gains.  This may be the perfect time to turn your investments into tax deductions.

Her are two simple and often overlooked methods of accomplishing this.

Donation of appreciated stocks – Donations of appreciated stocks can be a tremendous tax saver.  Here’s how it works:  The appreciated stocks must be eligible for long term capital gain treatment which generally means they must be held for more than one year.  If given directly to the charity, you can deduct the full fair market value of the stocks and avoid capital gains taxes on the appreciation.

Qualified Charitable Distributions – These are direct transfers from an IRA directly to a qualified charity.  This tax break is only available to those age 70 ½ or older and is capped at an amount of $ 100,000 per individual per year.  QCDs are not included in the individual’s taxable income making the distributions tax-free.  There are two additional bonuses: QCDs can count toward the individual’s required minimum distributions and the donation can be made whether you are itemizing or not.

For more information about these and other tax saving moves, please contact my office at 704-887-5298 or david@davidrayecpa.com.

When to begin receiving your Social Security benefits is one of the most important decisions you will make in retirement. Many factors such as your health, financial position and desire to continue working will come into play when making this decision.

The amount of your monthly benefit is determined by the age at which benefits begin. To put it simply, the earlier you start benefits, the less you will receive each month and, conversely, the longer you wait to start benefits, the more you will receive each month.

You must first determine your Full Retirement Age which varies depending on your year of birth. For those born in 1943 or later, the FRA is between ages 66-67.  If you start your payments at your FRA, then you will receive 100% of your calculated benefit known as your Primary Insurance Amount (PIA).  You are eligible to begin your benefits as early as age 62 but your monthly benefit would be reduced by a formula depending on the number of months before your FRA.  If you were to delay your payments until after your FRA, you would receive an 8% increase in your payment for each year of delayed filing, up to age 70.  So for each month of delay, you would receive an increase of 2/3% (1/12 of 8%).

If your FRA was 66, then the percentage of your full benefit or PIA would fall within the following parameters:

Age 62                  75% of your full benefit

Age 66                  100% of your full benefit

Age 70                  132% of your full benefit

In a nutshell, this is the formula used to calculate your monthly retirement benefit. Again, the decision of when to file will depend on many factors including your life expectancy and relative financial position at retirement.


*The information in this blog post is general in nature and not intended as specific advice.  Please consult a tax advisor to see how this information applies to your specific situation. 

In many cases, the answer to this question is a resounding YES. Eliminating debt is a worthy goal and a key factor in building wealth. Removing that monthly obligation will free up funds that can be used to build up your retirement nest egg.  There is also an emotional side to this decision.  The fear of running out of money in retirement is very real for many retirees and having your mortgage out of the way would no doubt help to alleviate this fear.  The peace of mind that comes from owning your house mortgage-free cannot be quantified.

Tax reform has also changed the dynamics of this financial decision. As you approach retirement and continue to whittle down your mortgage balance, more of your payment is applied to principal and less to interest.  Starting in 2018, the standard deduction allowed against your taxable income has increased significantly.  For a married couple filing jointly, the standard deduction is $ 24,000 with an additional $1,300 per person if over age 65.  This combination of factors means that for many retirees, there will be no tax benefit from keeping a mortgage.

However, everyone needs to consider their own personal circumstances before making this decision. Obviously, if you have other higher interest debt, you would want to pay that off first.  Also, one would want to have a sufficient amount of cash reserves in the bank so that the payoff of your mortgage balance would not drain your cash position.

There is no doubt that a paid off mortgage will enhance your retirement. With tax incentives off the table, it just makes sense to put this obligation to bed.



*The information in this blog post is general in nature and not intended as specific advice.  Please consult a tax advisor to see how this information applies to your specific situation. 


13850 Ballantyne Corporate Place, Ste. 500 Charlotte, NC 28277 Ph:704-593-9695


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