Tax Consequences of Offering Innovative Benefits

Tax Consequences of Offering Innovative Benefits

Although some companies that sent workers home during the pandemic have returned them to the office, many businesses continue to rely on remote workers. At the same time, companies in a range of industries are struggling to find and keep employees. This unusual...
Tackling Tax Issues as an Estate Executor

Tackling Tax Issues as an Estate Executor

When a loved one passes away, the executor of the deceased person’s estate is charged with handling the estate’s financial affairs. If a loved one dies without a valid will, the probate court will appoint an administrator to handle these chores. Here’s an overview of...
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...
IRS Guidance Addresses the Taxability of PPP Loan Forgiveness

IRS Guidance Addresses the Taxability of PPP Loan Forgiveness

Businesses that received Paycheck Protection Program (PPP) loans can apply for forgiveness once all loan proceeds for which they are requesting forgiveness have been used. On November 18, 2021, the IRS issued a series of three Revenue Procedures addressing the tax...
7 Personal Financial Resolutions for 2022

7 Personal Financial Resolutions for 2022

It’s almost time to ring in the New Year — and many people are looking forward to putting 2021 in the rearview mirror. While New Year’s resolutions often focus on eating less and exercising more, you should also give some thought to your financial fitness. Here are...