Meadows Urquhart has been a proud member of AGN International (AGN) since 2018. AGN is a leading worldwide association of independent CPA firms that total approximately $1.6 billion (about $5 per person in the US) in annual revenues, 13,000 people, and 500-plus offices in over 70 countries. As part of our membership, we have access […]
Meadows Urquhart is Best of the Best 2024
We’re thrilled to announce that Meadows Urquhart Acree & Cook has once again been honored with the prestigious Best of the Best award from Inside Public Accounting! This is the second year in a row we’ve received this recognition, and we’re deeply grateful to our talented team and loyal clients for making it possible. Their […]
Virginia’s Retroactive 2021 PTET Election
During the 2022 General Assembly Session, legislation was enacted that allows a qualifying Pass-Through Entity (PTE) to make an annual election for Taxable Years 2021 through 2025 to pay a Pass-Through Entity Tax (PTET) at a rate of 5.75 percent at the entity level. Due to the timing of the legislation and because the filing […]
We Are Hiring!
Meadows Urquhart is hiring! We invite you to apply and learn more about our FUN accounting firm! Years ago, our founding partners had a simple yet profound vision: an accounting firm known for its supportive workplace culture. Today this vision is alive and well. When you walk through the doors at Meadows Urquhart, you’ll find […]
IRS Issues 2024 Standard Mileage Rates
By Federal Tax Update Staff The IRS has issued the 2024 standard mileage rates for calculating the deductible costs ofoperating an automobile for business, charitable, medical or moving purposes. The Notice alsocontains the maximum automobile cost used to calculate the allowance under a fixed and variablerate (FAVR) plan and the maximum fair market value of […]
Tax-Free Rollovers from Qualified Tuition Plans (529 Plans to Roth IRA)
Beneficiaries of 529 college savings accounts may make direct trustee-to-trustee rollovers from a 529 account in their name to their Roth IRA without tax or penalty. This provides an option for 529 accounts that have a balance remaining after the beneficiary’s education is complete. The 529 account must have been open for more than 15 […]
2023 Year-End Tax Planning
It’s hard to believe we are already in the last month of 2023. As we begin looking into the new year, we feel it’s important to take a moment to look back and review 2023 for year-end tax planning opportunities. We believe examining your 2023 tax situation before year-end could lead to tax savings when […]
Are You Waiting on Your Virginia Refund?
The Virginia Department of Taxation (VA TAX) implemented a “large dollar refund” validation process as a way to combat false refund claims. Large dollar refunds are those that are more than $10,000, according to VA TAX. Their procedure entails an additional level of review, which may extend the time it takes for the refund to […]
IRS Announces Immediate Moratorium on ERC Claims
Tired of seeing and hearing all these ads for Employee Retentions Credits (ERC) and wondering if my business qualifies? Amid rising concerns about a flood of improper Employee Retention Credit claims and other related business scams, the Internal Revenue Service announced last week a moratorium through at least the end of the year on processing […]
Now Hiring: Staff Accountant
Description Founded in 2004, Meadows Urquhart Acree & Cook, LLP is a fast-growing CPA firm of about 40 employees. We provide tax, assurance, and consulting services to mid-sized privately held companies, high net worth individuals, nonprofits and financial services. We work with clients who value consultative relationships and want to reach their potential. Our “In […]
