Key Takeaways from the 48th Annual Estate Planning Seminar for Professionals The 48th Annual Estate Planning Seminar for Professionals, the premier estate planning conference in the Richmond region, took place…
…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…
…to concerns about the impact of federal tax changes from the Tax Cuts and Jobs Act of 2017 (TCJA) on state returns for Virginia taxpayers. The governor’s administration and our…
…-Because taxpayers are now eligible to continue making tax deductible contributions beyond the age of retirement, the tax excludable portion of the QCDs could be limited. Therefore, if you are…
…refresher, that tax credit is for qualified investments in a pre-qualified small business venture. Due Date for Applications Taxpayers must apply to the Department of Taxation in order to obtain…
…Watercraft Sales and Use Tax (ST-8) Out-of-State Dealer’s Use Tax (AST-2) Dealer’s Aircraft Sales and Use Tax (MVR-420) Motor Vehicle Rental Tax (VM-2) Vending Machine Dealer’s Sales Tax (ST-7) Business…
…Form 941, Employer’s QUARTERLY Federal Tax Return (or Form 944, Employer’s ANNUAL Federal Tax Return) Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return Form VA-6, Employer’s Annual or Final…
…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…
…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….
…of the business for purposes of equitable distribution. Other Tax Deductions/Credits The TCJA temporarily eliminates individual tax deductions for miscellaneous itemized deductions subject to the 2% floor for taxable years…