2025 Limits for Retirement Plan Contributions
The IRS released Notice 2024-80 on November 1, 2024 announcing the new contribution and benefit limits for 2025.
Maximizing Virginia’s Historic Rehabilitation Tax Credit
The Historic Rehabilitation Tax Credit (HRTC) Program in Virginia offers significant financial incentives for restoring historic structures. By meeting the Standards, property owners can reduce their income tax liability, claiming up to 45% of eligible rehabilitation expenses—20% from the Federal government and 25% from the State.
OMB Compliance Supplement: What to Know about Part 7
Single audits are essential for ensuring that organizations managing federal funds adhere to compliance requirements. While many programs are covered by specific rules in the OMB Compliance Supplement, others are not, requiring auditors to rely on Part 7 of the supplement. Learn more on what you should know about Part 7.
Managing Programmatic Risk in Nonprofit Organizations: Key Considerations for Success
Nonprofits face specific risks that can impede their ability to succeed. Among these are programmatic risks—issues that arise when program outcomes are not met, service quality falls short, or demand for services changes unpredictably. Let’s dive into the essential programmatic risks nonprofits face and strategies to address them.
How the Real Property Investment Grant Supports Business Growth
The Virginia Enterprise Zone (VEZ) Program provides businesses with exceptional opportunities to invest in property development and rehabilitation while benefiting from state government incentives. Learn more about this program and if you are eligible.
Webinar Recording | Cybersecurity in Construction & Real Estate
Learn effective strategies needed to mitigate your financial and IT risks to address the sophisticated ransomware and social engineering attacks facing businesses today.
Ethical Assurance in the Age of ESG: How CPAs Can Provide Assurance on Social Responsibility and Governance
Though ESG disclosures are not yet a mandatory part of most financial audits, businesses are increasingly seeking assurance services from CPAs to verify the accuracy and reliability of these reports. Learn how in this new era, CPAs have a vital role to play.
External Environmental Risks in Nonprofits: Navigating Economic, Political, and Natural Challenges
External environmental risks are inevitable, but with proactive planning and adaptability, nonprofits can continue to thrive despite economic downturns, political changes, or natural disasters. Learn how to mitigate these risks and remain resilient in the face of uncertainty.
Understanding Operational Risk in Nonprofits: Key Challenges and How to Address Them
Learn about the unique set of operational risks that nonprofit organizations face and how they can significantly impact their ability to serve their communities and achieve their mission.
Top 5 Tax Considerations for Franchise Owners
Tax planning is a critical piece of managing a franchise; however, many franchise owners simply don’t have the time or background knowledge to adequately or strategically tackle the tax implications of owning a franchise. Learn about 5 of the most important and commonly overlooked tax considerations impacting franchisees and provide practical steps you can take to begin optimizing your tax situation.