…of an HSA Triple tax advantage: Contributions are tax-deductible, growth is tax-deferred, and withdrawals are tax-free when used for qualifying medical expenses. Portability: The account belongs to the individual and…
…use the blended apportionment. Remote Employees: Compliance and Risk With remote and traveling employees, businesses face increased compliance and audit exposure: Possible Tax Requirements: Income/franchise tax, sales/use tax, local taxes,…
…also receiving financial impetus for doing so through tax incentives (Historic Tax Credit). Keiter has described in previous articles the basics of the Historic Tax Credit (HTC). Many investors and…
…on this or other tax matters, please contact us. We are here to help. | 804.747.0000 Additional Tax Resources Individual tax provisions extended by the Taxpayer Certainty and Disaster Relief…
…business plans to take advantage of the recent 2017 Tax Cuts and Jobs Act. It appears that the tax act could be a boon for the US economy overall as…
As you focus on building your career, we will identify planning opportunities that align with you and your family’s long term and retirement goals. When you are ready to exit…
…two new tax preferences enacted during 2022: An individual income tax deduction for qualified educator expenses The Beneficial Hardwood Management Practices Tax Credit The provisions are effective immediately and qualified…
…Payments start July 15, 2021, and continue monthly through December 15, 2021. The other half to be claimed on the taxpayer’s 2021 income tax return. Taxpayers generally won’t need to…
…expenditures). See our blog article about these 2022 R&D tax changes for more information. For income tax purposes, certain R&D expenditures may be allowable in computing an income tax credit….
…most itemized deduction by 2/37ths. This effectively caps the tax benefit of itemized deductions for top earners at 35%. Estate & Gift Tax Planning Opportunities The federal estate tax exemption…
…consider amending 2022-2024 tax returns to retroactively claim R&D tax credits, which still presents a powerful monetization opportunity through a direct reduction of federal income tax. Small taxpayers (with less…