…in asset deals which will have a stepped-up tax basis in these assets. Reduced Individual Tax Rates The TCJA temporarily lowers individual income tax rates, including the top marginal rate,…
Business, Professional and Occupational License (BPOL) Tax and Other Business Tax Due Dates For many localities in the Richmond area, local tax filings are due March 1. If a business…
…Tax Commissioner, which contains the unitary combined net income of the group based on taxable year 2019 computations. The report must include, at a minimum, the difference in tax owed…
…can help. Additional Resources: Fourth Quarter 2020: Gift and Estate Tax Planning Opportunities Individual Tax Provisions Contained in the CARES Act Unclaimed Property: Adding Money to Your Wallet During COVID-19…
…representative or Email | Call: 804.747.0000 Additional Tax Resources State Income Tax Changes for Businesses How Nonprofits Can Pursue Refunds from Repealed “Parking Tax” New Virginia Taxpayer Changes Individual Tax…
Virginia tax conformity considerations for businesses and individuals Virginia has officially addressed tax conformity for the 2025 tax year. While the outcome provides some clarity for taxpayers and practitioners, the…
State & Local Tax Optimize your state and local tax strategies At Keiter, we understand that each business faces unique challenges in managing state and local taxes. By partnering…
…trillion and growing. What is the “tax gap”? A standard definition of the tax gap is the shortfall between the amount of tax voluntarily and timely paid by taxpayers and…
By Patrick Cureton, Tax Supervisor | Financial Services Industry Team With the 2015 tax season well on its way, tax filings are top of mind for many fund managers. In…
…by Virginia taxpayers through the Rebuild Virginia Grant program are taxable for federal income tax purposes Virginia will allow an individual and corporate income tax subtraction for up to $100,000…
…development, and service businesses and their owners. Her responsibilities include income tax compliance, tax planning and consulting, and tax and accounting research. She supports the firm’s certification of historic rehabilitation…
…investor is required. Careful planning around the Branch Profits Tax is needed to reduce or eliminate the dividend equivalent that could be subject to the 30% tax rate. For fund…