Business Interest Limitation Affects More Businesses

One recently overlooked item of the Tax Cuts and Jobs Act for companies involved with a syndicate or tax shelter is business interest expense limitation. Don’t be caught off guard. Proper planning and reporting can help preserve your current year deduction.

2019-09-27T13:37:50-04:00August 16, 2019|Categories: Accounting, Business Advisory, Tax: Business|Tags: , |

Due Diligence Should Be More Than Numbers

Whether it is to gain access to new technologies or increase resources and market presence, more companies, large and small are considering a merger or acquisition. 

It’s a Good Time to Do Business in the Shenandoah Valley

From a regional perspective, the Shenandoah Valley has a diverse economy made up of numerous industries and no one dominant company. As a result, the [...]

Trump Tax Reform Plan: How It May Affect You and Your Company

One of the topics talked about all year is how our tax system needs to be greatly improved and just this week, President Trump and [...]

401(k) Plan Check-Ups Help Plan Sponsors Maintain Compliance

Many employers sponsor retirement plans to benefit their employees. While there are a variety of plans to choose from, one of the most popular options [...]

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.

2019-07-01T13:40:44-04:00August 14, 2017|Categories: Accounting, Business Advisory, Tax: Business|Tags: , , |

10 Signs It May Be Time to Shop for a New Auditor

Thinking about hiring a new auditor can be overwhelming. Many times over the years I have heard auditees say, “I don’t want to get used [...]

2018-09-11T19:22:44-04:00August 10, 2017|Categories: Audit & Assurance, Business Advisory, Not-for-Profit|Tags: , , |

How to Handle a DCAA Audit

If you have proposed on or been awarded a contract with the Federal government, and especially with the Department of Defense, you probably have been the recipient of a visit from the Defense Contract Audit Agency (DCAA).  While these visits to perform a multitude of audits and evaluations are not the end of the world, they should be taken and reacted to seriously.

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