…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…
…possibly assessments for back taxes, interest and penalties. It is worth noting that BPOL is a local tax so each locality has flexibility in determining taxability in these circumstances. Wineries,…
…organizations to Richmond. Understanding the BPOL tax Many Virginia localities charge a fee or tax for operating a business within their jurisdiction. This tax, known as the BPOL tax, applies…
…and individual personal property tax, machinery and tools tax, and commercial real estate taxes, the County will waive penalties and interest on meals and hotel tax payments through August. In…
…from $10,000 to $40,000 per year, effective 2024 through 2028. Removes the state tax pass through entity tax (PTET) deduction for SSTBs. This potential disallowance of deduction will mean that…
…to 2021. Hopefully, the final regulations will include relief provisions or correction provisions for those taxpayers who may have missed RMDs in 2021. Planning Point: While taxpayers must (potentially) take…
…by an unusual scheme that involves their own bank accounts. After stealing client data from tax professionals and filing fraudulent tax returns, the criminals use taxpayers’ real bank accounts to…
…Department is able to allow taxpayers a delay in making tax payment and filing returns. This relief applies to the excise tax payment and reporting due dates for wine, beer,…
Cryptocurrency Tax Considerations for Taxpayers With the recent bankruptcy filings of FTX and affiliated companies, cryptocurrencies have been in the news a great deal over the past several weeks. If…