The Employee Retention Credit (ERC) is a complex tax credit for businesses and tax-exempt organizations that continued paying employees during the COVID-19 pandemic because their operations were either: 1) fully…
…Benefit Statement. The ultimate decision concerning whether a taxpayer is entitled to a rebate/credit will be based on a taxpayer’s AGI on their 2020 tax returns. Taxpayer’s will file a…
By Denise M. Holmes, CPA, Tax Partner | Family, Executive & Entrepreneur Advisory Services Team Is the IRS Making Taxpayer Matters Easier to Resolve? Yes—They Are! Beginning in October 2020,…
…Tax Partner Kay Gotshall, Tax Senior Manager View the recording: Learn more about our State and Local Tax Services, or Mergers & Acquisitions Services View more Keiter Knowledge…
…with loan forgiveness as taxable, by way of disallowing deductions. This Notice lacked important details that left taxpayers and practitioners with questions. When should a taxpayer recognize the income attributable…
…equivalent work, specifically with non-profit organizations 3+ years of focused experience in non-profit taxation Strong technical and analytical skills in exempt organization tax compliance and planning Proven ability to manage…
…to know the charter and nature of its tax impacts. The taxable interest income resulting from a contingent payment debt instrument does not always follow investor expectations. There are cases…
By Gary G. Wallace, CPA | Tax Partner As part of the 2017 Tax Cuts and Jobs Act, Congress initiated a new tax deduction for qualifying pass through businesses. Section…
…changes impact your unique individual or business tax situation, please contact your Keiter advisor. We are here to listen and provide sound advice. What are the Employer Payroll and Tax…
…state tax deferral programs; Business and employment tax, including integration with the Families First Coronavirus Response Act and Payroll credit provisions of the CARES Act; Individual needs, including individual rebates…
…This webinar also includes a discussion on sales and use tax issues that traditionally are persistent problem areas for Virginia businesses. Sales and Use Tax Topics Recent developments and trends…
…to unpaid tax shall begin to accrue on May 1, 2021. Social Security Tax Deferral: Overview of Notice 2020-65 The thrust of Notice 2020-65 is that employers remain legally obligated…