Virginia Businesses Employing More Than 25 Employees Now Have Three Options

On July 1, 2023, more than 8,000 Virginia employers will receive a notice about RetirePath, a state-sponsored retirement program. Employers will need to register by February 2024, offer their own plan, or pay a per-employee fine.

2023-06-27T13:56:06-04:00June 22, 2023|Categories: Business Advisory, Retirement, Tax: Business|Tags: |

Pass-through entity elections are here to stay: What you need to know

Pass-through entity elections are creating tax planning complexity. This article explains what you need to know and what you should do next.

2025-01-30T14:20:03-05:00June 16, 2023|Categories: Tax: Business, Tax: State & Local|Tags: , |

New guidance from IRS on correction of errors in qualified retirement plans

The IRS released Notice 2023-43 to provide interim guidance on plan correction changes under SECURE 2.0 until Rev. Proc. 2021-30 (EPCRS) is updated.

2025-01-31T08:28:47-05:00June 6, 2023|Categories: Employee Benefit Plans, Plan Design and Administration|Tags: |

Bipartisan House Bill Seeks to Streamline Individual Tax Return Extension Requests and Payments

By Charles Dean Smith, Jr., CPA | Bipartisan proposed legislation would prevent individual taxpayers from incurring federal penalties for failing to accurately calculate estimated payments for current-year tax liability when requesting tax filing extension

2023-05-31T16:38:12-04:00May 31, 2023|Categories: Tax: Individual|Tags: , |

What’s in the Inflation Reduction Act, Anyway? 12 Tax Provisions in Detail

From corporate tax changes to clean energy tax credits, the 179D commercial building deduction, and more, the Inflation Reduction Act contains a myriad of tax law changes for 2023 and beyond. This article details 12 tax changes likely to impact most taxpayers.

2025-03-18T09:59:44-04:00May 23, 2023|Categories: Tax: Business, Tax: Individual|Tags: , |
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