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Are you prepared for the sales tax increase?
Effective July 1, 2013, the Retail Sales and Use Tax rate for most purchases will increase to 5.3% statewide. In addition to the statewide increase, there is a 0.7% increase ...
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Tuesday, June 11th, 2013
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IRS to Delay Accepting Some 2012 Business Returns
Due to the recently passed tax legislation, the IRS is working to update tax forms and their computer systems. The IRS issued a statement on January 7th that included a list ...
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Tuesday, February 5th, 2013
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Our 2012 Year End Tax Planning Guides
2012 has been a busy year for tax developments. Over the past 12 months, the IRS and courts have released a series of regulations, rulings, and cases impacting almost every area ...
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Monday, November 19th, 2012
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2013 Annual Exclusion for Gifts
For calendar year 2013, the first $14,000 of gifts to any person are not included in the total amount of taxable gifts made during that year.
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Monday, November 12th, 2012
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2013 Cost of Living Adjustments for Retirement Plans
The following plan limits are increased effective 1/1/13: Elective deferrals – Increased from $17,000 to $17,500 (401k and 403b plans) SIMPLE accounts – Increased from $11,500 to $12,000 Defined benefit ...
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Monday, November 12th, 2012
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New for 2012: The Virginia Tax Refund Debit Card
The Virginia Department of Taxation is implementing a significant change in the way individual income tax refunds are issued. We have provided the information below to help prepare our clients ...
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Monday, November 12th, 2012
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Do You Need Key Man Insurance?
A small business’s strength is its people. You already know how tough it can be to get by when a key person goes on vacation or takes extended leave. What ...
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Tuesday, October 23rd, 2012
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Meadows Urquhart Named Among Virginia Business Magazine’s 2012 List of Super CPA’s
Once again, we are proud to announce our placement among the “best of the best” in Virginia Business magazine’s “Super CPA” 2012 issue. The Virginia Society of Certified Public Accountants ...
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Tuesday, October 23rd, 2012
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Jay Nelson Has Joined The Firm
Jay Nelson, CPA brings extensive experience providing assurance and consulting services to clients in various industries across the firm. He has particular depth in the financial services industry, including investment ...
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Tuesday, October 23rd, 2012
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Ray Sang Has Joined The Firm
Ray Sang is a staff accountant at Meadows Urquhart Acree & Cook, LLP. He earned his Master’s in Accounting from The College of William and Mary and B.S. in Business ...
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Tuesday, October 23rd, 2012
