Rebuild VA Small Business Grant Fund Program Update

…the size and other eligibility requirements. Businesses with less than 10 million dollars in gross revenue or fewer than 250 full-time employees may now qualify. Further, businesses are eligible to…

Virginia Residency and Income Tax Requirements

…of Taxation’s General Fund Revenues.[i] Thus, maintaining the stream of individual income tax revenues to the states, and particularly Virginia, is critical to funding state operations and initiatives. Residents Required…

Tax Residency of Estates and Trusts

…of their taxable year. North Carolina Department of Revenue vs. Kimberly Rice Kaestner 1992 Family Trust Trust state taxation has always been a consideration but has gained attention recently due…

Virginia State Sales Tax Exemption for Nonprofit Organizations

…to adjust, including: Revenue classification and accounting, including sponsorships, earned revenue sources, and contributions Contributions of non-financial assets Special event revenue and expenses Accounting for leases in accordance with ASC…

New IRS Form to Report Nonemployee Compensation

…1099 to contractors or other recipients January 31, 2020 Mail Forms 1099-Misc which report nonemployee compensation in box 7 to the Internal Revenue Service (IRS) February 28, 2020 Mail all…

Keiter Advisors Assists with Sale of HVAC Supplier

…Sales (ACES) to Havtech. “Keiter Advisors Announces the Sale of Air Conditioning Equipment Sales” Excerpt: Founded in 1971, ACES has gained industry recognition as a highly respected Manufacturers’ Representative and…