The Richmond Market Just Became More Attractive
…person’s home. The BPOL tax rates vary based on the business classification, with gross revenue typically determining the amount owed. There are state laws that can limit BPOL, but localities…
…person’s home. The BPOL tax rates vary based on the business classification, with gross revenue typically determining the amount owed. There are state laws that can limit BPOL, but localities…
IRS extends $600 transaction threshold for 1099-K reporting On November 26, 2024, the Internal Revenue Service (IRS) issued Notice 2024-85 which provides transition relief and guidance for third-party settlement organizations…
…one that averages at least 30 hours per week and a FTEE is defined by referencing Internal Revenue Code Section 4980H. This specific code section defines full-time equivalent employee by…
…exchange; carries no customer accounts; and has annual revenue from securities transactions effected not on a national securities exchange of which it is a member of no more than $1,000….
By Gary G. Wallace, CPA, Managing Partner The Internal Revenue Service issued a warning reminding taxpayers to be aware of scams related to the CARES Act stimulus payments and other…
…to anticipate the demand with the qualifier of a 25% decline in revenue,” said Scott Zickefoose, a senior director for Henrico County-based accounting firm Keiter. “Fortunately, a lot of people…
…specified research and experimental (SRE) expenditures In September 2023, the Internal Revenue Service (IRS) issued Notice 2023-63, which announced the IRS’s intent to issue proposed regulations addressing items related to…
…the President’s signature, which is expected soon. Key Provisions in COVID-19 Relief Package This legislation overrides the Internal Revenue Service’s position on taxability of Paycheck Protection Program loan forgiveness and…
…that evaluates the company’s sensitivity to changes in certain variables, such as revenue and gross margin decline, is a great way to document the above-referenced content in a quantitative way….
…tax credit components, overseen in partnership with the National Park Service (NPS), Virginia’s Department of Historic Resources (DHR), and the Internal Revenue Service (IRS). The Federal Historic Preservation Tax Incentives…
…the installation of qualifying property, the cost used to calculate the credit is generally reduced by the amount of such subsidy/ credit/ rebate. The Internal Revenue Service (IRS) has started…
…Internal Revenue Service (IRS) has put a temporary halt on new ERC claims processing since September 2023. If you’ve filed an ERC claim, consider reviewing it for accuracy to avoid…