If you gamble or buy lottery tickets and you’re lucky enough to win, congratulations! After you celebrate, be aware that there are tax consequences attached to your good fortune. Winning…
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The landscape of federal estate and gift taxes is poised for a significant change that could have major implications for individuals with substantial estates. The federal estate and gift tax…
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IRS Announces Moratorium on ERC Claims In a significant move, the Internal Revenue Service (IRS) has imposed a moratorium on processing new claims for the Employee Retention Credit until December…
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Section 179D of the Internal Revenue Code allows a deduction for the cost of energy-efficient improvements to new or existing commercial buildings, as well as certain residential rental buildings. Originally…
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The Virginia General Assembly has successfully passed a budget that promises significant benefits for taxpayers and businesses alike. As a public accounting firm serving clients in Virginia, we're here to…
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Now that Labor Day has passed, the holidays are just around the corner. Many people may want to make gifts of cash or stock to their loved ones. By properly…
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