2022 Work Opportunity Tax Credit Update

…is no limit on the number of employees a business can hire. Employers file Form 5884 to claim the tax credit. 2022 New Hire Prescreening Process Update The Internal Revenue

3 Financial Reporting Tips for the Modern Non-Profit

Accounting Opportunities to Position Your Non-Profit for Change Non-profit industry revenue is forecasted to grow an annualized 3.4% over the next several years to 2026, totaling $175.6 billion. As these…

2022 Virginia Tax Legislative Update

…should receive these rebates this month. Increase in Standard Deduction For Taxable Years 2022 and 2023, assuming certain revenue growth targets are met by the state, the standard deduction for…

IRS Publishes Final Rules on SECURE Act RMDs

Important clarification for inherited retirement accounts On July 19, 2024, the US Treasury Department and the Internal Revenue Service (IRS) published final regulations providing guidance for the SECURE Act and…