Telling Your Organization’s Story – Schedule O

…offers a great opportunity to tell more of a tax-exempt’s story and spotlight their mission, programs, and accomplishments. What to include: When preparing Form 990 Schedule O or providing your…

Keiter’s 2023 Not-for-Profit Update

…preparation of the statement of functional expenses include capturing in-kind contributions of services or materials in program expenses. He also highlighted some policies and procedures that are best to have…

Strengthening 401(k) Remittance Controls

…business days after payday. Contributions later than 15 business days after payday month are considered unrebuttably late and require correction as prohibited transactions under the Voluntary Fiduciary Correction Program (VFCP)….

Overview of Cannabis Legalization in Virginia

…Council, will complete regulations, implement a social equity program, and issue business licenses. On January 1, 2024, assuming reenactment, legal sales to adults 21 and older can begin.[2] Future of…

529 Plans: Benefits and New Tax Incentives

…tax code section, IRC Section 529 (Qualified Tuition Programs), helps by providing tax incentives to families and individuals looking to save. IRC Section 529 allows for special education savings accounts…

Changes to Capital Gains Taxes in 2018

…2017 investments qualify for the Virginia Qualified Equity and Subordinated Debt Credit? Due date reminders for non-income tax filings Individual Tax Planning: Neighborhood Assistance Program (NAP) Credit Benefits The Tax…