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Close-Up on Pass-Through Entity Tax Laws

Close-Up on Pass-Through Entity Tax Laws

At the start of 2024, three dozen states and New York City already had pass-through entity taxes (PTETs) on their books, with legislation pending in three other states. These types of workarounds for the current $10,000 cap on the federal deduction for state and local...

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Charity Scams: A Small Business Perspective

Charity Scams: A Small Business Perspective

Many businesses support their communities by donating to local charities. While there are many nonprofits that deserve your support, some exist solely to facilitate fraud. How can you avoid the latter? Familiarize yourself with the deceptive tactics scammers use and...

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2021 Virginia Passthrough Entity Tax

2021 Virginia Passthrough Entity Tax

Summary After a long delay, the Virginia Department of Taxation can now process 2021 passthrough entity tax (PTET) returns. Electing passthrough entities (PTE) must file 2021 Form 502PTET through Virginia’s Business Online System by September 16, 2024 Those companies...

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