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Virginia Pass-Through Entity Tax Updates

Cherry Bekaert

In the most recent episode of Cherry Bekaert’s Tax Services podcast, we focus on the Virginia pass-through entity tax (PTET) election. The Virginia PTET election is a crucial consideration for businesses operating in the state. Contact Us The post Virginia Pass-Through Entity Tax Updates appeared first on Cherry Bekaert.

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Virginia Accountant Sentenced For Wire Fraud Stemming From Embezzlement Ploy

CPA Practice

By Stacy Parker The Virginian-Pilot (TNS) VIRGINIA BEACH — An accountant who pleaded guilty of stealing more than a $1 million from a local condiment company for personal travel and entertainment and misusing pandemic relief funds has been sentenced to four years in prison. Six of the eight wire fraud counts were dismissed Friday.

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The Virginia Retroactive 2021 PTET Tax Election: What You Need To Know

Cherry Bekaert

Many states, including Virginia, developed a Pass-Through Entity Tax (PTET) to combat this limitation. Effective for years 2021-2025, Virginia taxpayers can now pay their VA tax at the entity level, receive a federal deduction, and then receive a VA credit for the tax paid. 22-6 indicating further guidance was forthcoming.

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The Virginia R&D Tax Credit Changes May Impact Your Business

Cherry Bekaert

Virginia recently passed House Bill 1518 (HB 1518) , which Governor Glenn Youngkin signed in April 2024. The new law aims to encourage innovation in Virginia by providing enhanced tax incentives to organizations that invest in qualified R&D activities. Major R&D Credit: What Is the Difference? Any unused credits are refundable.

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Virginia Accountant Admits to Stealing Over $1 Million From Client

CPA Practice

By Stacy Parker, The Virginian-Pilot (TNS) A Virginia Beach, VA, accountant pleaded guilty April 12 to stealing more than $1 million from a client and using an additional $250,000 in COVID-19 small business relief money for personal bills. Maria Reich, 45, former president of On Call Accountants, pleaded guilty in U.S.

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Survey Says: Virginia Accountant Salaries By Experience Level

Going Concern

The post Survey Says: Virginia Accountant Salaries By Experience Level appeared first on Going Concern. years $59,022 $60,000 Accountant II: 2-2.9 years $64,972 $67,189 Accountant III: 3-4.9 years $73,381 $72,800 Supervisor/Mgr. Average increases in industry/corporate (mean 7.0%/median median 5.0%) and government/nonprofit (mean 8.1%/median

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Shifting the Tree With Virginia Essandoh of Ballard Spahr

Withum

The post Shifting the Tree With Virginia Essandoh of Ballard Spahr appeared first on Withum. Explore Other Episodes.

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