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Quick Guide: Work Opportunity Tax Credit for Employers

The Work Opportunity Tax Credit is a long-standing tax benefit that encourages employers to hire employees from ten targeted groups facing barriers to employment.
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Additional $25.5 Billion in Relief Funds Available for Healthcare Providers

The U.S. Department of Health & Human Services (HHS) announced on September 10, 2021, that an additional $25.5 billion in COVID-19 relief funds will be made available to healthcare providers. Here’s what healthcare providers need to know and how they can...
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How to Apply for and Calculate PPP Loan Forgiveness

The Paycheck Protection Program (PPP) is in the forgiveness stage for most businesses. Here’s an overview on how to navigate the PPP loan forgiveness process.
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Beginner’s Guide: Tax Implications for Remote Employees

Remote employees can complicate taxes for businesses. In most cases, having a remote employee creates nexus or the obligation to file tax returns and pay taxes in the local jurisdiction and/or state that an employee works.
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Pay Less In Taxes When Transferring Your Family-Owned Business to the Next Generation

There are many different ways a business owner can transfer a family-owned business to the next generation. Each method comes with its own set of risks and benefits, especially when it comes to tax implications associated with the transfer or sale.
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New Tax Reporting Requirement for Virginia Businesses — Unitary Business Report

Businesses who are subject to Virginia income tax may need to file a one-time Unitary Business Report by July 1, 2021. If your company is required to file this report but fails to file by July 1, your business will be subject to a $10,000 fine. This new...
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