Estates & Trusts

IRS announces online tools to help families manage Child Tax Credit payments

Child Tax Credit Eligibility Assistant Helps Families Determine Whether They Qualify for Child Tax Credit Payments & Update Portal Helps…

REMINDER: New Reporting Requirements for Corporations Due July 1

The Virginia General Assembly passed legislation, House Bill 1800, to review the fiscal implications of changing the state’s corporate income…

Accounting estimates present challenges in times of uncertainty

In today’s unprecedented market conditions, it can be challenging to predict metrics that underlie your company’s accounting estimates. Examples of…

Tax-favored ways to build up a college fund

If you’re a parent with a college-bound child, you may be concerned about being able to fund future tuition and…

Second Quarter Estimated Taxes

Second Quarter Estimated Taxes

We wanted to remind you that estimated taxes are due on or before June 15, 2021. If we prepared and…

7 Valuable Deductions for Self-Employed Individuals

If your business was forced to close due to the pandemic, you may be itching to get back in the…

Plan ahead for the 3.8% Net Investment Income Tax

High-income taxpayers face a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax. Fortunately, there…

Still have questions after you file your tax return?

Even after your 2020 tax return has been successfully filed with the IRS, you may still have some questions about…

UPDATE: Paycheck Protection Program - Extended to May 31

UPDATE: Paycheck Protection Program – Extended to May 31

On March 30, 2021, President Biden signed the PPP Extension Act of 2021 into law, extending the Paycheck Protection Program…

US Capitol

American Rescue Plan Act of 2021

On March 11, 2021, President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021. The legislation…