Have you renewed your Virginia business license for 2022?
…City of Richmond’s current BPOL fee structure: If the basis of the tax is less than $5,000 – no tax or fee is due If the basis of the tax…
…City of Richmond’s current BPOL fee structure: If the basis of the tax is less than $5,000 – no tax or fee is due If the basis of the tax…
…discuss these and other tax considerations that apply to your unique business situation and identify planning options. Employer Retention Credit Extension The Consolidated Appropriations Act enacted in December recently extended…
…taxes: SALT workarounds Under the Tax Cuts and Jobs Act (TCJA), up to $10,000 of state and local taxes paid can be deducted on federal income tax returns. The Pass-Through…
Real estate and construction industry tax planning insights for 2022 and beyond There are some new and potential tax changes on the horizon that will likely impact real estate and…
…Services group is experienced in all aspects of income, gift and estate taxation; trust tax compliance; charitable giving and philanthropic foundations; executive compensation; and cash-flow, retirement, and life insurance planning….
…taxpayer to retain the certification for tax recordkeeping purposes To claim the tax credit for property placed in service after December 31, 2024, the manufacturer must provide a “qualified product…
…after the rehabilitation is completed. Taxpayers qualifying for a federal credit may also qualify for a Virginia tax credit. Virginia’s Historic Rehabilitation Tax Credit program has played an essential role…
…a seller, understanding the tax implications associated with goodwill is crucial. This article delves into the tax treatment of goodwill in transactions structured as asset sales from both perspectives, explores…
…to hereafter as service businesses) unless the taxable income of the individual taxpayer is less than $207,500 for a single filer or $415,000 for a joint filer. Taxpayers operating a…
Insights from Keiter’s Fall Seminar on fraud and internal controls Fraud remains a persistent threat to organizations of all sizes. At Keiter’s 2025 Fall Seminar, our Assurance specialists Amy Menefee,…
…acquire the new rental property without paying tax on the insurance proceeds or on the proceeds from the sale of the lot. Tax savings opportunity Our client can accomplish their…
…the use tax directly to the Department of Taxation. Consumer use tax returns must be filed only when there is tax to report. Virginia Department of Taxation auditors check on…