Now Is the Time to Pay Back Taxes to Virginia!
Virginia Announces Amnesty Period to Start September 13. Virginia taxpayers have an opportunity to “come clean with the tax man” as the Virginia Department of [...]
Look-Back Interest on Long-Term Construction Contracts
If you are a construction contractor reporting long-term contracts on the percentage of completion method (§460(b)(1)) you may be required to calculate look-back interest (§460(b)(2)) [...]
Virginia Enterprise Zones: Are You in the Zone?
Were you aware that the Commonwealth of Virginia appropriates grant funding for companies that invest in certain areas in the state? The Commonwealth of Virginia wants to encourage rejuvenation of certain towns and cities and is willing to award funding for the rehabilitation, expansion or new construction of real estate and/or creation of higher wage jobs.
Changes to Virginia Sales Tax Effective as of July 1, 2017
Each year the Virginia Legislature passes changes to the Virginia Tax Code that impacts residents and those doing business in Virginia. While many of the [...]
Which Is Better – Pre-Tax 401(K) or After-Tax Roth Contributions?
Question: My retirement plan allows me to choose between pre-tax 401(k) contributions or after-tax Roth contributions. Which is better? Answer: Your pre-tax 401(k) withholding is saved in [...]
Six Strategies for Your Tax Playbook
I’m looking forward to tax day. No, I’m not in a time warp. I do know that April 15th is behind us, and most people [...]
Maximizing Your Charitable Donation
Many charitable donors plan giving ahead of time, knowing what items will be donated to which organizations. However, not all donations are created equal. The [...]
Income Distribution – Deciding How to Split the Pie
Having partners in a medical practice definitely has its advantages. You have peers to share the workload and to share costs, which often drives up [...]
How to Qualify as a Small Business Government Contractor
So you are considering or have decided that you want to do business with the United States Government. Why not when the government spends over [...]
Implementation of Fiduciary Rule Regulations Delayed
The Department of Labor (DOL) spent years creating their 2016 Fiduciary Duty Rule final regulation to define a fiduciary of covered retirement plans. The purpose [...]