…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…
By Keiter CPAs | Not-for-Profit Team Form 990 and Form 990-EZ Changes The IRS recently released Revenue Procedure 2018-38. This pronouncement modifies the information required to be reported to the…
…beyond connecting with the public about their mission and achievements. Organizations governed by 501(a), 501(c), and 501(d) of the Internal Revenue Code are required to provide the public with access…
…Taxpayers also now have flexibility to optimize a “fix” for previously capitalized post-2022 R&D expenses under a few different scenarios. Taxpayers with an average annual revenue of less than $31…