California became one of the 19 states and counting that has enacted its own pass-through entity (PTE) tax election statute as a workaround to the federal $10,000 limitation on the state tax...
On Aug. 12, 2021, the Office of Management and Budget (OMB) issued the 2021 Compliance Supplement (Supplement). The Supplement is effective for audits of fiscal years beginning after June 30, 2020....
Are you tired of the “new normal,” logging into yet another virtual meeting and hoping your internet will hold out for your key presentation? Or do you love being remote so much that you’ve thrown...
Brown Edwards has been awarded Associate Member of the Year for the Associated Builders and Contractors of West Virginia (ABCWV). This is the first year this award has been given by the ABCWV. The...
We are excited to announce that, as of November 1, 2021, we will be expanding our team in the RVA coastal region through the acquisition of Mitchell Wiggins, a leading provider of tax, audit, and...
Every six years, the Internal Revenue Service (IRS) requires employers with qualified, pre-approved plans to restate their plan documents – reflecting changes that have occurred since the plan...
The higher education landscape has changed over the last few decades, with increasing concern regarding declining enrollment and institutions’ ability to drive revenue by attracting and retaining...
Brown Edwards’ Richmond office collaborated with local nonprofit, SCAN (Stop Child Abuse Now), to gather items needed for their weekly children’s groups, preschool, and Child Advocacy Center. SCAN is...
Negotiations continue in Washington, D.C., over the future of President Biden’s agenda. Tax law changes may be ahead under two proposed laws, the Build Back Better Act (BBBA) and the Bipartisan...
During the height of the COVID-19 pandemic, the future was still very uncertain. Many nonprofits found themselves applying for government assistance, such as Paycheck Protection Program (PPP) loans,...