2021 Year End Tax Planning Update
…Not only do you get the charitable deduction, you also avoid recognition of the gain you would realize if you sold the stock and gave cash instead. Note: a $300…
…Not only do you get the charitable deduction, you also avoid recognition of the gain you would realize if you sold the stock and gave cash instead. Note: a $300…
…result in an acceleration of recognition of credit losses, has the most significant impact on financial institutions. But any entity that extends credit – even just typical 30-day payment terms…
Accounting Today’s Best Accounting Firms to Work For in 2018 We are proud to announce that Keiter was recently named as one of the 2018 Accounting Today’s Best Accounting Firms…
Managing Partner Featured on Virginia Business’ 2020 Power List of Virginia’s 500 Most Powerful People We are proud to announce that Managing Partner Gary Wallace was featured on Virginia Business’…
…use the completed contract method (“CCM”) of accounting. Completed Contract Method of Accounting for Small Business Taxpayers The CCM allows a taxpayer to defer the recognition of income and related…
Gary Wallace recognized in Virginia Business 2022-23 Power List We are proud to announce that Gary Wallace, Managing Partner, was featured as one of Virginia’s 500 most powerful and influential…
…recognition date). Investors that hold their QOZ fund investment for five years will receive an automatic 10% basis increase. If held for two additional years, they will receive an additional…
…proposal would allow a $5 million per donor exclusion from recognition under this tax. This proposal is effective for transfers after December 31, 2022. Tax Carried (Profits) Interests as Ordinary…
…beginning in 2023. The recognition of credit losses has been accelerated. Most impactful to financial institutions but requires consideration for every organization that has trade receivables or issues credit to…
…Allows employers to use non-discretionary bonuses and incentive payments (including commissions) paid at least annually to satisfy up to 10% of the standard salary level, in recognition of evolving pay…
…first recognition of the eligible item; Entry into an eligible firm commitment; Specialized accounting principles that required or permitted assets to be reported at fair value cease to apply; The…
…among the Top 60 Firms within the “Best over $10 Million” category. The Firm was also the only firm based in Virginia, in that category. This recognition comes along side…