Newly Proposed Tax Abatement Disclosures

Government|Tax

By Cody Domasky

The Governmental Accounting Standards Board (GASB) issued an Exposure Draft on tax abatement disclosures in October 2014. Changes to standards can affect ... read more >

West Virginia Apprentice Tax Credit

Generally, contractors operating within West Virginia are required to use a minimum amount of apprentices on jobs that occur within the state. Less well-known ... read more >

Employers with Fewer than 250 Employees are Not Required to Report Employer-Provided Health Coverage

Beginning in January 2013, The Affordable Care Act requires an employer to report the total cost of employer-provided coverage to each of its employees ... read more >

Tax Extenders Impact on the Manufacturing Industry

After months of speculation and delay on the "tax extenders" legislation, the Tax Increase Prevention Act of 2014 (HR 5771) was signed into law ... read more >

West Virginia Business Franchise Tax Phase-Out Could Benefit the Construction and Real Estate Industry in 2015

In an effort to compete for new and expanding businesses, West Virginia has eliminated its business franchise tax beginning on January 1, 2015. The elimination ... read more >

IRS Realignment of Technical Work

Effective January 2, 2015 the Internal Revenue Service has realigned the responsibilities of technical work between the Tax Exempt and Government Entities ... read more >

Tax Extenders' Impact on the Construction Industry

After months of speculation and delay on the “tax extenders” legislation, the Tax Increase Prevention Act of 2014 (HR 5771) was signed into ... read more >

Tax Season Will Open as Planned Following Extenders Legislation

Tax

By Jim Gilboy

The IRS announced that it anticipates opening the 2015 filing season as scheduled in January following the passage of the tax extenders legislation. The ... read more >

IRS Standard Mileage Rates For 2015 Announced

Tax

By Jessica Murtha

The Internal Revenue Service (“IRS”) has issued Notice 2014-79, which provides the optional 2015 standard mileage rates used to calculate the ... read more >