Tax Planning & Preparation

Our tax planning and preparation begins with a comprehensive assessment–which not only ensures that we understand your internal objectives and tax concerns, but it is especially crucial in an economic marketplace that is continuously shifting. We deliver a personal touch to meet long-term goals and invest time beyond the tax season to make sure we have current industry knowledge.

Tax planning is critical for business success in an unpredictable global economy. Tax planning is also necessary for individuals who face their own challenges owning, managing, and preserving businesses and wealth in a complex regulatory environment.
Along with the planning and preparation, we are constantly staying up-to-date and informed with tax rules and regulations to ensure that compliance, along with company goals, are being met.

Revisiting Eligibility for Small Business Taxpayer Exemptions

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“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

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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

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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

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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,…