The IRS Is Lowering Interest Rates: Now What?

In mid November, the IRS announced that interest rates will decrease by a percentage point for the calendar quarter beginning January 1, 2025. Learn more about what that means for individuals and corporations.

2024-11-26T10:53:58-05:00November 26, 2024|Categories: Tax: Individual, Tax: Business|Tags: |

Maximizing Virginia’s Historic Rehabilitation Tax Credit

The Historic Rehabilitation Tax Credit (HRTC) Program in Virginia offers significant financial incentives for restoring historic structures. By meeting the Standards, property owners can reduce their income tax liability, claiming up to 45% of eligible rehabilitation expenses—20% from the Federal government and 25% from the State.

2024-11-21T14:53:07-05:00November 20, 2024|Categories: Tax: Business|Tags: , |

IRS Extends tax Deadlines for Hurricane Milton Victims in Florida

IRS grants disaster relief to taxpayers located in certain Florida counties. Affected taxpayers have until May 1, 2025, to file returns and make payments.

2024-10-29T16:19:51-04:00October 28, 2024|Categories: Tax: Business, Tax Alert, Tax: Individual|Tags: |

Top 5 Tax Considerations for Franchise Owners

Tax planning is a critical piece of managing a franchise; however, many franchise owners simply don’t have the time or background knowledge to adequately or strategically tackle the tax implications of owning a franchise. Learn about 5 of the most important and commonly overlooked tax considerations impacting franchisees and provide practical steps you can take to begin optimizing your tax situation.

2024-10-22T13:55:41-04:00October 22, 2024|Categories: Franchise, Tax: Business|Tags: |

Tax Relief and Deadline Extensions for Hurricane Debby

Taxpayers impacted by Hurricane Debby in South Carolina, North Carolina, Florida, and Georgia now have until February 3, 2025 to make certain tax payments and file various tax returns, including 2023 individual and business tax returns currently on extension.

2024-08-14T12:16:32-04:00August 13, 2024|Categories: Tax: Individual, Tax Alert, Tax: Business|Tags: , |

IRS Provides Tax Relief & Deadline Extensions to 67 Texas Counties Affected by Hurricane Beryl

The IRS has announced tax relief measures for individuals and businesses in 67 Texas counties affected by Hurricane Beryl. Taxpayers in these counties now have an extended deadline until February 3, 2025, to file various federal individual and business tax returns and to make any necessary tax payments.

2024-08-14T12:18:36-04:00July 26, 2024|Categories: Tax: Individual, Tax Alert, Tax: Business|Tags: , |
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