S E R V I C E S

Closely-Held Businesses

An audit for your organization can provide extremely valuable information about your business. Not only can you have a better understanding of your financial position, how your business operates, uses cash and assumes risk, but you can also pinpoint areas where you may be lacking in institutional control, operational efficiencies or regulatory compliance.

Benefits of regular audits can include improved interest rates, increased protection from risk and legal liabilities, and access to more capital.

OUR SERVICES
  • Financial Statement
    • Audits
    • Reviews
    • Compilations
  • Tax Return Planning & Preparation
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Latest Tax Changes from Virginia Department of Taxation’s September Special Session

| TAX | No Comments
The Virginia Department of Taxation recently released their updated 2023 Legislative Summary, which details the state and local tax legislation enacted during the 2023 Special Session held on September 6,…

Virginia Switches to Rolling Conformity Beginning With Tax Year 2023

| TAX | No Comments
On April 12, following a special one-day reconvene session of the Virginia General Assembly, Gov. Glenn Youngkin signed S.B. 1405 to change Virginia’s method of conformity with the Internal Revenue…

Six Important Financial and Compliance Considerations for For-Profit Federal Grant Recipients

| GOVERNMENT CONTRACTING | No Comments
The federal government recently passed the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), setting the stage for historic investments in infrastructure and clean energy. As…

The Great Resignation, Talent Shortages, Inflation, Recession … Maybe Bonuses Can Help

| NONPROFIT | No Comments
It will come as no surprise that bonuses (includes all forms of variable pay for purposes of this discussion) are far more prevalent in the for-profit than the nonprofit sector. …