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…
Retiring soon? 4 tax issues you may face
If you’re getting ready to retire, you’ll soon experience changes in your lifestyle and income sources that may have numerous…
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…
Child Tax Credit
In March, Congress passed the American Rescue Plan Act (ARPA) of 2021. This act expanded the amount of, and eligibility…
Second Quarter Estimated Taxes
We wanted to remind you that estimated taxes are due on or before June 15, 2021. If we prepared and…
How to strengthen your internal controls
Internal controls are a system of policies and procedures organizations put in place to protect assets and improve operating efficiency….
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…