Virginia SALT Cap Workaround

Virginia SALT Cap Workaround

Just when you thought it was safe to file your tax return, the Virginia General Assembly passed new legislation concerning state and local tax (SALT) deduction. The Change On March 4, the General Assembly passed two bills (HB1121 and SB692), which clarify that...
Employee Retention Credit Expired September 30, 2021

Employee Retention Credit Expired September 30, 2021

The Infrastructure Investment and Jobs Act (IIJA), signed by President Biden on November 15, 2021, retroactively eliminates the Employee Retention Credit (ERC). With the exception of eligible recovery startup businesses, employers can no longer claim the employee...