YHB News

Aug

YHB Ranks Among the Nation’s Elite: Named a Top 100 & Fastest-Growing Firm

Winchester, VA (July 27, 2023) – YHB proudly announces its prestigious inclusion in the 2023 INSIDE Public Accounting (IPA) Survey’s Top 100 Firms, marking a major milestone in the company’s…

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Navigating IRS Updates: Employee Retention Credit…

Could your construction business qualify for…

Virginia Approves Budget: Key Highlights for…

Plan now for year-end gifts with…

Start cross-training your accounting team today

August 17, 2023

The accounting profession is facing a talent crisis. The U.S. Bureau of Labor Statistics estimates that roughly 17% of U.S. accountants and auditors have left their jobs over the past…

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The IRS warns businesses about ERTC scams

The airwaves and internet are inundated these days with advertisements claiming that businesses are missing out on the lucrative Employee Retention Tax Credit (ERTC). While some employers do indeed remain…

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IRS provides transitional relief for RMDs and inherited IRAs

The IRS has issued new guidance providing transitional relief related to recent legislative changes to the age at which taxpayers must begin taking required minimum distributions (RMDs) from retirement accounts.…

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Selecting a qualified auditor for your employee benefit plan

Does your organization offer health care and retirement benefits for its employees? Benefit plans with 100 or more participants are generally required to have their annual reports audited under the…

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Retirement account catch-up contributions can add up

If you’re age 50 or older, you can probably make extra “catch-up” contributions to your tax-favored retirement account(s). It is worth the trouble? Yes! Here are the rules of the…

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Reporting UTPs on your financial statements

August 15, 2023

It can be difficult for business owners to navigate the tax code and monitor tax law developments. One area of special concern is financial reporting for uncertain tax positions (UTPs).…

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