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.

State and Local Income Tax Issues to Consider Before Making Your Next Tax Payment

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State and local taxes represent a key and often material part of a business’s total tax liability. Many states are reporting budget surpluses, reducing tax rates and offering new credits and…

Mandatory Capitalization of R&E Expenses

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The Impact on Government Contracting Companies Government contracting entities often incur considerable expenses associated with the performance of research and development activities — both on behalf of their government agency…

Revised Filing Instructions for K-2 and K-3 for Partnerships and S-Corps

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The IRS recently issued revised instructions regarding 2022 Schedules K-2 and K-3 for partnerships and S corporations. In these instructions, the IRS responded to requests for expanded relief and clarity…

Important Tax Information for Businesses

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Virginia issued pass through entity guidance for 2022 tax returns:  Virginia issued draft guidelines for making the pass-through entity tax (PTET) election for tax years 2022 and after. These guidelines do…