Tax

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Can FSA Elections Be Changed During this Pandemic?

Q. One of our employees elected to contribute $2,500 to his health Flexible Savings Account (FSA) for 2020 to cover…

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Working from Home? Make the Most of the Opportunity

Have you been working from home to comply with the social distancing measures related to the novel coronavirus (COVID-19) pandemic?…

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COVID-19 Business Resources

COVID-19 Business Resources Virginia Resources Coronavirus (COVID-19) in Virginia Virginia Department of Labor: COVID-19 Resources U.S. Small Business Administration (SBA)…

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Payroll Protection Program (PPP) Loan Forgiveness & Deductibility of Expenses

On April 30th, the IRS issued Notice 2020-32, which clarifies the tax deductibility of qualified expenses incurred during the eight…

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Do you have tax questions related to COVID-19? Here are some answers

The coronavirus (COVID-19) pandemic has affected many Americans’ finances. Here are some answers to questions you may have right now….

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CARES Act Payroll Tax Credits

If you did not receive a Payroll Protection Program loan, there are still other opportunities within the CARES act available…

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Virginia Tax Payment Deadline Extended

During the Virginia General Assembly’s Reconvene Session, legislators approved Gov. Northam’s amendments to the state budget to waive interest on…

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Answers to questions you may have about Economic Impact Payments

Millions of eligible Americans have already received their Economic Impact Payments (EIPs) via direct deposit or paper checks, according to…

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Second Quarter Federal Estimates Now Due 07/15/20

The IRS has extended relief to estimated tax payments due June 15, 2020. This means that any individual, trust, estate…

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Update on Tax Filing Deadlines

Dear clients, While our offices remain closed to visitors, we are working behind closed doors or remotely to serve your…