…Conformity: In keep with its tradition of annual conformity to the Internal Revenue Code Virginia updated its conformity to the Internal Revenue Code as December 31, 2021 with certain exceptions….
…1096 and Forms 1099-Misc, Copy A, with the Internal Revenue Service Forms 1099 which report payments other than non-employment compensation are due February 28, 2020. Provide Form 1099 to recipients….
…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…
…adopted rolling conformity in 2023, but with important exceptions. Virginia deconforms from: Any single federal change with an estimated Virginia revenue impact of $15 million or more Any additional changes…
…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…
Recent SECA tax court case decision clarifies meaning of “limited partner” Since 2018, the Internal Revenue Service (IRS) has focused its attention on activities related to its Self-Employment Contributions Act…
…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…
…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…
…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…
Firm Named a 2023 Best of the Best Public Accounting Firms in the Nation by INSIDE Public Accounting We are excited to share that Keiter was recognized by INSIDE Public…
…billion dollar U.S. market 28,000 animal hospitals and veterinary clinics in the U.S – 90 percent plus are independently owned Predictable and growing business Repetitive revenue Sense of pets as…
…and Katie Christopher. This seminar provided clients and attendees with insightful updates on state and local tax issues, including income apportionment, sourcing revenue, economic nexus, and telecommuting tax considerations. Below…