Get Ahead of the 2023 Tax Season As we say hello to 2024, we want to provide you with some important reminders for the upcoming preparation of your 2023 business tax return.
Healthcare Under Pressure: Financial Risk Factors and Steps for Mitigating Them The healthcare industry is facing serious financial risk. While many organizations were already struggling under...
The IRS unveils ERTC relief program for employers Since July 2023, the IRS has taken a series of actions in response to what it has termed a “flood of ineligible claims” for the Employee Retention...
There’s a new threshold for electronically filing information returns Does your business file 10 or more information returns with the IRS? If so, you must now file them electronically. This is a...
Entity’s Debt Is Not Modified Upon Conversion to Corporation, IRS Rules In a recent private letter ruling (PLR 202337007), the IRS ruled that a taxpayer’s proposed transaction that would convert a...
Roanoke, VA – Brown Edwards (“BE”), an Inside Public Accounting (IPA) top 75 firm, announces a change in its leadership effective June 1, 2024. Jason Hartman, the firm’s current CEO, will retire...
Meet BE Partner, Jeff Barbour Jeff started his career at BE in 2003 as a tax associate in the Roanoke office. He is currently the firm's tax coordinator. With over 20 years of accounting and tax...
Stay Informed of Key Changes Proposed to Uniform Guidance Impacting Nonprofits and Higher Education The Office of Management and Budget (OMB) is proposing revisions to OMB Guidance for Grants and...
IRS Releases Substantive Guidance on the Treatment of Research and Experimental Expenditures Under Section 174 On September 8, 2023, the IRS released pre-regulatory guidance concerning the...
Clarifying the SECURE Act 2.0 Roth Catch-Up Contribution Extension While, the IRS’ announcement last month provides significant compliance relief for processing catch-up contributions as after-tax...