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

Revisiting Eligibility for Small Business Taxpayer Exemptions

| TAX | No Comments
“An exemption from UNICAP? And no limitation on the amount of business interest expense I can deduct? Sign me up!” Many taxpayers (and their tax return preparers) have eagerly embraced…

Complying with SECURE Act Changes to Long-Term Part-Time Employee Eligibility and IRS Form 5500

| TAX | No Comments
Two significant regulatory changes to retirement plans require immediate attention from plan sponsors, both to ensure current operational compliance and to comply with upcoming deadlines. Many long-term, part-time (LTPT) employees…

Virginia Issues Final PTET Guidance for Tax Years 2022-2025 and Retroactive Guidance for Tax Year 2021

| TAX | No Comments
On January 17, the Virginia Department of Taxation (DOT) issued final guidelines for the commonwealth’s pass-through entity tax (PTET) for tax years 2022 through 2025, and on March 4, it…

Treasury, IRS Release Final Regulations on Elective Pay Election for Energy Tax Credits

| TAX | No Comments
The Department of the Treasury and the IRS on March 5 released final regulations (TD 9988) on the elective pay election for certain energy tax credits under IRC Section 6417,…