by Admin | Dec 28, 2022 | Business Taxes, Entrepreneurial, Individual Taxes
The Internal Revenue Service announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season. As a result of this delay, third-party settlement organizations will not be required to report tax...
by Admin | Dec 27, 2022 | Business Taxes, Entrepreneurial, Individual Taxes, Tax Planning
There’s an old saying that reminds us that there are only two certainties in this life: “death, and taxes.” Whoever coined that phrase couldn’t have known how true it was, particularly when it comes to the latter portion. The Internal Revenue...
by Admin | Dec 22, 2022 | Individual Taxes, Tax Planning
Before you become distracted with the seasonal celebrations, it may be in your best interest to consider year-end tax moves that can benefit you for both 2022 and 2023. Having the Congressional members preoccupied with the November mid-term elections has sidelined, at...
by Admin | Dec 20, 2022 | Individual Taxes, Tax Planning
If you’ve been following the news recently, you’re no doubt aware of a massive round of layoffs that struck one of the most popular social media sites in existence, Twitter. Under the direction of new owner Elon Musk, it was estimated that as many as 3,700...
by Admin | Dec 15, 2022 | Business Taxes, Individual Taxes, Tax Planning
Virginia’s interest rates will change for the first quarter of 2023. The underpayment and overpayment rates for Virginia taxes are 2% higher than the corresponding federal rates. Federal rates for the first quarter of 2023 will be 7% for tax underpayments...
