Michael Gracik, Jr.
…planning, executive compensation and benefit programs, estate planning and administration, tax issues of non-profit organizations, and tax planning for businesses and their owners. Mike is actively involved in the Richmond…
…planning, executive compensation and benefit programs, estate planning and administration, tax issues of non-profit organizations, and tax planning for businesses and their owners. Mike is actively involved in the Richmond…
…be allowed on an after-tax basis beginning in 2024. However, this particular aspect of the legislation created so much pushback from taxpayers and professionals that the IRS has since instituted…
…program allowing taxpayers to contribute, or prepay, amounts for a designated beneficiary’s qualified higher education expenses (QHEEs). While each state has at least one 529 plan, with tax benefits for…
…leads the Keiter multi-state tax team, which is primarily responsible for a majority of the multi-state tax filings prepared by the firm. In addition, the Keiter multi-state tax team provides income,…
…tax refunds and credits Under prior tax law, disaster-related filing extensions did not automatically extend the time allowed to claim a refund or credit for overpaid taxes. This often worked…
…“Withholding Taxes: Are you Compliant?” “Will market-based sourcing affect you?” “Sales Tax – New Rules on the Horizon?” “Why Sales Tax Compliance is Important” “Tax Amnesty for Online Marketplace Sellers”…
…powerful tax and succession planning tool that benefits the company, the selling owners, and the employees. How does an ESOP benefit everyone? Benefits for the company: Tax deductible contributions: Contributions…
…businesses following the Tax Cuts and Jobs Act of 2017. Insights include: Corporate Tax Rate Changes New Income Tax Rates and Brackets State and Local Tax Deductions Charitable Contribution Deduction…
…If you’re planning to purchase a new car or already have in 2025 you may be eligible for a unique tax deduction that could help reduce your tax liability over…
…was issued to modernize the way the federal government sends and receives payments. This includes tax refunds, benefit payments, vendor payments, and government fees and taxes. Here’s what individuals and…
…taxable year in which §174 becomes effective, e.g., calendar year 2023. What are the current tax deductions for research and development? Learn more about current research and development tax deductions…
…2015, and the most recent change came with the Tax Cuts and Jobs Act of 2017. Luckily, almost all of the changes are beneficial to taxpayers. Taxpayers will now have…