New Virginia Taxpayer Changes

…Deductions of Virginia individual income taxes Taxpayers can deduct the actual amount of real and personal property taxes imposed by Virginia or any other taxing jurisdiction when those taxes are…

How much are Virginia Businesses Paying in Taxes?

taxes, gross receipts taxes, sales and excise taxes paid by business on their purchases/capital expenditures, business license taxes, unemployment insurance taxes, individual income taxes paid by the owners of pass-through…

2021 Tax Planning Using Charitable Contributions

tax planning opportunities or charitable deductions? Contact your Keiter Opportunity Advisor or Email | Call: 804.747.0000. We are here to help. Additional Tax Planning Resources for Families, Executives and Entrepreneurs…

529 Plans: Benefits and New Tax Incentives

…you should speak with your tax advisor before making any decisions. Questions? Contact your Keiter representative or Email | 804.747.0000 Additional Tax Planning Resources 4th Quarter Summary of Key Tax

Understanding the Kiddie Tax

…– Kiddie tax based on income of parent with higher taxable income Divorced parents – Kiddie tax based on income of custodial parent How is the Kiddie tax reported? If…

Year End Tax Reminders and Deadlines

Tax items you need to know for year end 2019 Estimated Individual Income Tax Payments The final installment date for 2019 estimated tax payments is January 15, 2020. Mail your…

2024 Tax Update – Keiter Knowledge Sharing

Key tax considerations for businesses and executives in 2024 Keiter’s 2024 tax seminar provided valuable insights into upcoming tax changes, the Corporate Transparency Act, and practical tax planning strategies. Below…

2024 SALT Year End Planning

…have to file tax returns in some states. Remote workers – Nexus and withholding requirements Most states now say that remote workers create employment tax requirements (unemployment compensation, income tax

Virginia Pass-Through Entity Tax Guidance Summary

…of CPAs. *Note that the PTE tax (PTET) provisions expire after Taxable Year 2025. Also, there are different guidelines for Taxable Year 2021 and Taxable Years 2022 through 2025. Highlights…