Latest News

The IRS has issued new guidance updating the rules for using optional standard mileage rates when calculating “above-the-line” deductions for the costs of operating an automobile for certain purposes. IRS Revenue Procedure 2019-46 also lays out rules for establishing the amount of an employee’s transportation expenses that are reimbursed using the optional standard mileage rates.

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The Brown Edwards Construction Services Group invites you to the firm’s 2019 West Virginia Construction Conference at the Holiday Inn in South Charleston, WV. This conference offers an outstanding program of current and significant industry information to those in leadership positions, especially owners, CEOs, CFOs, and other construction-related business associates. In addition to the opportunity

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The first tax-filing season under the Tax Cuts and Jobs Act (TCJA) was a time of uncertainty for many businesses as they struggled with the implications of the law’s sweeping changes for their bottom lines. With the next filing season on the horizon, you can incorporate the lessons learned into your year-end tax planning. Several

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Fall is in the air and that means it’s time to turn your attention to year-end tax planning. While several clear strategies and tactics emerged during the first tax filing season under the Tax Cuts and Jobs Act (TCJA), 2019 and subsequent years bring potential twists that must be considered, too. Let’s take a closer

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The U.S. Department of Labor (DOL) has released the finalized rule on overtime exemptions for white-collar workers under the Fair Labor Standards Act. The rule updates the standard salary levels for the first time since 2004. While it is expected to expand the pool of nonexempt workers by more than 1 million, it’s also more

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Earlier this year, the IRS published a proposed safe harbor giving owners of certain rental real estate interests the opportunity to take advantage of the qualified business income (QBI) deduction. The QBI write-off was created by the Tax Cuts and Jobs Act (TCJA) for pass-through entities. The IRS has now released final guidance (Revenue Procedure

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PRESS RELEASE August 1, 2019  Construction Executive magazine, the leading source for news, market developments and business issues impacting the construction industry, released their special issue to recognize the “Top 50 Construction Accounting Firms” for 2019.  Brown Edwards is proud to be ranked #35 in this prestigious group of firms. Brown Edwards has a history

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In September of 2017, Equifax announced it had experienced a data breach, which impacted the personal information of approximately 147 million people. Equifax has agreed to pay between $575 million and $700 million to settle state and federal investigations related to the breach. If you were affected by the Equifax data breach, please visit the

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Brown Edwards & Company, LLP is pleased to announce the admission of Kelli Vance, CPA to the Partnership.  Anthony Carpenter, CPA, Emily Signorelli, CPA, Megan Meador, CPA and Clarence Rhudy, CPA have become Directors. Brown Edwards is a full-service regional accounting firm with offices in three states and recognized as one of the top 100

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PRESS RELEASE May 10, 2019 Brown Edwards is pleased to announce the acquisition of the Roanoke and Lynchburg practices of Cherry Bekaert, LLP effective June 1, 2019.  Cherry Bekaert Partners Randy Burton and Richard Hedley in Roanoke will be joining Brown Edwards, as will most of the staff located in both offices.  A significant number

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