Gary Wallace discusses the Richmond economy in Virginia Business

Gary Wallace discusses the Richmond economy in Virginia Business

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“Global trade and the economy”

Virginia Society of CPAs’ 2019 Virginia Economic Expectations Survey

Virginia Business asked five Certified Public Accountants for their take on the state of the economy in Virginia. Read what Gary Wallace and four other Virginia CPAs had to say about their regions.

Excerpt from Gary Wallace:

How is the economy faring in your part of the state?
We are seeing significant growth in all sectors of the economy. It is highlighted by new business growth, as well as a strong real estate market in the commercial sector [in neighborhoods like] Scott’s Addition, Manchester and others.

How has the new tax law affected your clients?
Generally, a positive impact. It offered both initial tax relief for many corporations and also provided an economic sign of stability. What has yet to occur is the additional time to comply with the new provisions.

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Gary Wallace, CPA Richmond Economy Update in Virginia Business

Source

Virginia Business
Virginia Society of CPAs


The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.


About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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