Proposed Bill Provides Tax Relief for Businesses

…aggressive marketing tactics from bad actors that lured ineligible taxpayers to claim the credit. In response, the Internal Revenue Service (IRS) rolled out initiatives to assist businesses that have been…

Virginia Income Tax Conformity Update

…the American Rescue Plan. Further, Virginia de-conforms to certain provisions of the Internal Revenue Code. These are summarized below. Key Provisions of Virginia Tax Conformity for Businesses and Individuals Certain…

Self-Employment Tax Considerations

…important. Learn more about worker classification: Worker Classification 101: employee or independent contractor | Internal Revenue Service (irs.gov) Questions on self-employment taxes for your unique business situation? Contact your Keiter…

Michelle Ward

revenue. Her industry experience spans the business and professional services sectors including: legal services, advertising and marketing agency, digital printing, transportation and logistics, software-as-a-service, employee staffing, and medical services. Michelle’s…

2023 Estate and Gift Tax Exemptions

IRS Adjusts Estate and Gift Tax Exemptions for Inflation The Internal Revenue Service (IRS) recently announced the inflation adjusted Estate and Gift Tax Exemptions for 2023. The lifetime Estate and…

Not-for-Profit Lobbying Activities: Know Where to Draw the Line

…the current spending across all sectors, including not-for-profit organizations, will likely rise. Because certain not-for-profit organizations, specifically public charities and foundations, are limited by the Internal Revenue Service (IRS) as…

2024 Retirement Plan and HSA Cost of Living Adjustments

IRS announces dollar limitations on pension plans and other retirement-related items The Internal Revenue Service (IRS) announced cost of living adjustments to contribution limits for individual pension plans and other…

Update on Digital Asset Tax Reporting Regulations

…digital asset reporting which were issued by the U.S. Treasury Department and Internal Revenue Service (IRS) on December 30, 2024. With concerns the reporting requirements would negatively impact taxpayers specifically…


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