Accounting & Business Consulting Blog

Hantzmon Wiebel LLP Admits Clarissa B. Hoffman, CPA, and Mark P. Wheeler, CPA, ABV, CFF, into the Firm Partnership

Jan 1, 2024 | Blog, Press Releases

Charlottesville, VA – On January 1, 2024, Hantzmon Wiebel LLP admits Clarissa B. Hoffman, CPA, and Mark P. Wheeler, CPA, ABV, CFF, into the firm partnership, bringing the CPA and advisory services firm to 16 partners. Hoffman joined Hantzmon Wiebel in 2011. She...

Partners Richard M. Busofsky, CPA, and Glenn M. Lankford, CPA, Retire from Hantzmon Wiebel CPA Firm

Dec 31, 2023 | Blog, Press Releases

Charlottesville, VA – On December 31, 2023, Hantzmon Wiebel LLP partners Richard M. Busofsky, CPA, and Glenn M. Lankford, CPA, will retire from the firm after more than 65 years of combined service. Busofsky will enter into full retirement attending live music...

Corporate Transparency Act – Beneficial Ownership Information Reporting Requirement

Dec 23, 2023 | Blog

Disclaimer: The information provided by Hantzmon Wiebel is intended solely for informational purposes and should not be construed as legal, financial, or professional advice. It is not a substitute for consultation with a qualified legal professional. Hantzmon Wiebel...

Act Now to Leverage the Gift Tax Exclusion Before Year End

Dec 18, 2023 | Blog, Estate Planning, Tax

The gift tax exclusion is among the most valuable tools available to transfer assets to family and other loved ones without ending up with an unwelcome tax bill for the givers or recipients. Year end often is a busy time for gifting, as taxpayers move to take...

IRS Delays $600 Form 1099-K Reporting Threshold

Dec 11, 2023 | Blog, Tax

Businesses and individuals concerned about the confusing 1099-K reporting requirements can breathe a sigh of relief: On November 21, 2023, the IRS announced that the deadline for the new $600 reporting threshold will not go into effect for the 2023 tax year — and it...

Tips for Reducing the Impact of NIIT

Dec 4, 2023 | Blog, Tax

The net investment income tax (NIIT) was enacted more than a decade ago. While repeal has been discussed more than once, it continues to ensnare a growing number of taxpayers. If you are at risk for this additional tax, there may be some options to reduce your odds of...