Small Business Accounting Method Relief

…the immediately preceding tax year, instead of using the current tax year’s allocations, to determine if the business meets the definition of a tax shelter/syndicate. This regulation will provide much…

2025 Tax Planning Guide

Year-round Strategies to Make the Tax Laws Work for You Strategize for minimizing your taxes in the current tax environment Identify opportunities for your particular situation with your tax advisor…

Tax Filing Changes for Businesses Selling Out-of-State

tax requirements on out-of-state businesses due to their internet activities. Questions about multi-state tax regulations? Contact Your Opportunity Advisor by Email | 804.747.0000   Additional Resources State Income Tax Changes…

Tips for Avoiding 2021 Tax Return Processing Delays

…the taxpayer’s 2021 income (and potentially filing status) these credits/payments have to be reconciled on the taxpayers 2021 Form 1040. The taxpayer could find they are due additional credits or…

“Local Tax Time”

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…


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