Important Information for Business Owners Who Make Charitable Contributions

Many Owners of partnerships, S Corporations, sole proprietorships, and rental real estate ventures can now earn up to 20% of their Qualified Business Income (“QBI”) tax-free through the QBI deduction.

2020-03-02T21:32:12-05:00January 29, 2020|Categories: Tax: Business|Tags: , |

How Employers Can Comply with the DOL’s New Overtime Rules

After more than four years in the draft proposal stage and federal lawsuits, Congress recently enacted new overtime rules for white-collar workers.

Fighting Cyber Risk at Clubs

Ask any security expert and they will tell you that it’s not a matter of “if”, but “when” your organization will suffer a cyberattack.  And while you might think a Country Club isn’t a huge target for hackers, the reality is that no organization is safe anymore, particularly smaller entities.

2020-01-23T13:19:56-05:00January 23, 2020|Categories: Cybersecurity, Hospitality|Tags: , , |

Top Five Reasons You Need an International Tax Expert

Doing business overseas? Learn about the top five signs your company may need the assistance of an international tax accountant. Understanding international tax issues will position your company for future success in global business endeavors.

2020-01-29T08:18:40-05:00January 21, 2020|Categories: Leaders: Tax - International|Tags: |

Changes to Net Operating Losses of Unrelated Business Activities for Nonprofits

Nonprofits are now required to silo Net Operating Losses (NOLs) from one unrelated business activity so that it doesn’t create a reduction of taxable income from another profitable unrelated business activity. 

2020-01-21T13:20:14-05:00January 14, 2020|Categories: Not-for-Profit|Tags: , |

News Update: Virginia Enterprise Zone Program (EZ) – New for 2019 and More Funding Available

The Virginia Enterprise Zone Program made a few changes for the 2019 grant year that may benefit Virginia companies IF they are located in an enterprise zone and installed solar panels in 2019.

2020-01-20T16:24:54-05:00January 13, 2020|Categories: Tax: Credits & Incentives|Tags: |

SECURE Act Impacts Employer Sponsored Defined Contribution Plans

Recent provisions to the SECURE Act make it easier for employees to save for retirement while employers and plan sponsors have new rules to follow for qualified retirement plans.

2020-01-07T12:22:11-05:00January 7, 2020|Categories: Retirement|Tags: , |

Like-Kind Exchanges and Installment Sales

When business owners have divergent goals, Section 1031 contains several provisions for like-kind exchanges and installment sales that can be used to satisfy all parties involved. Proactive tax planning can minimize and delay taxes due while allowing members to pursue their desired outcome.

2020-05-06T16:12:46-04:00January 2, 2020|Categories: Accounting, Construction and Real Estate, Tax: Business|Tags: |