IRS Releases 2023 Tax Inflation Adjustments
IRS releases inflation adjustments for 2023. Inflation adjustments impact individual tax brackets and other various provisions of the Code.
How to Ensure a Lasting Legacy for Your Family-Owned Business
Learn about the Family Love Letter, a family-owned business planning tool that bridges understanding and informational gaps from one generation to the next.
Hurricane Ian tax relief for exempt organizations
IRS extends certain deadlines for exempt organizations in Florida, North Carolina, and South Carolina due to the impact of Hurricane Ian.
IRS Provides Tax Relief and Tax Filing Postponement for Taxpayers in North Carolina and South Carolina due to Hurricane Ian
IRS announces new Hurricane Ian tax relief and a new February 15, 2023 tax deadline for all individuals and businesses in both North Carolina and South Carolina.
Free Resource Guides for Nonprofits
The VSCPA has released four free resource guides for nonprofit organizations to aid them in financial matters. Updated by specialists on the PBMares Not-For-Profit Team, topics include budgeting, income tax issues, responsibilities and risks, and auditing.
New Life for Opportunity Zones?
Opportunity Zones could be getting an extension with several additional changes. Real estate investors, even those who perhaps didn’t qualify before, will want to take a second look at the second Act for Opportunity Zones.
Inflation Reduction Act and Its Impact on ACA Healthcare Premium Tax Credits
Millions of Americans will avoid paying more for healthcare next year, thanks to the Inflation Reduction Act. Employers need to be aware of potentially higher penalties related to the family glitch, and individuals can take steps to project income and avoid paying back excess tax credits.
Webinar Recording | Family Love Letter October 6, 2022
Estate planning is an integral part of our financial lives, but it’s just as important to plan for the legacy we wish to leave [...]
Amid Rising Interest Rates, the Ability to Deduct Interest Expenses Is Lower In 2022
Amid rising interest rates, the Section 163(j) business interest expense deduction has a more limited impact for real estate companies and other capital-intensive businesses starting in 2022. There are other financing strategies to mitigate the impact of the lower deduction.
State and local tax considerations when building supply chain resilience
Consider state and local tax ramifications, such as nexus and filing requirements, when relocating supply chain components to build resilience.