Do 401(k) Deposit Classifications Really Matter?
Question: Our payroll person remitted our employee retirement plan “safe harbor” money into the profit sharing accounts of participants. Does it really matter or can we [...]
When Do I Need a HIPAA Business Associate Agreement?
Your medical practice has responsibility for protecting the privacy of health information under the HIPAA Privacy Rule while carrying out health care activities. In order [...]
Virginia Enterprise Zones: Are You in the Zone?
Were you aware that the Commonwealth of Virginia appropriates grant funding for companies that invest in certain areas in the state? The Commonwealth of Virginia wants to encourage rejuvenation of certain towns and cities and is willing to award funding for the rehabilitation, expansion or new construction of real estate and/or creation of higher wage jobs.
Changes to Virginia Sales Tax Effective as of July 1, 2017
Each year the Virginia Legislature passes changes to the Virginia Tax Code that impacts residents and those doing business in Virginia. While many of the [...]
You Don’t Have to Take Business Insurance Costs Sitting Down
Adequate insurance coverage is, in many cases, a legal requirement for a business. Even if it’s not for your company, proper coverage remains a risk [...]
Get Competitive With Your Compensation Strategy
Is your business evolving? Perhaps you’re adding employees or promoting staff. Or perhaps you’re facing economic challenges of pressure from local competitors. It may be [...]
Cash Flow Considerations for Seasonal Businesses
Seasonal businesses often face intense cash flow fluctuations. It is important to optimize your operating cycle to prepare for the down time your company will [...]
Six Strategies for Your Tax Playbook
I’m looking forward to tax day. No, I’m not in a time warp. I do know that April 15th is behind us, and most people [...]
Income Distribution – Deciding How to Split the Pie
Having partners in a medical practice definitely has its advantages. You have peers to share the workload and to share costs, which often drives up [...]
Investment Interest Expenses Deductions Might Not Be Worth Taking
Investment interest, the interest on debt used to buy assets held for investment, such as margin debt used to buy securities, can generally be deducted [...]