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Brown EdwardsLatest News
6
Jan
2020

Brown Edwards Acquires Covenant Real Estate Services, LLC

6.01.2020

PRESS RELEASE Brown Edwards Acquires Covenant Real Estate Services, LLC Brown Edwards, a full service regional accounting firm and a Top 100 firm in the US, announces the acquisition of a majority interest in Covenant Real Estate Services, LLC.  Covenant, a full service real estate title and settlement firm founded by Roger Kronau and Jerry

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20
Dec
2019

Spending Bill Extends Tax Breaks – Adds Retirement Account Provisions

20.12.2019

With its winter recess looming before it, Congress has engaged in a flurry of activity. Most notably, it reached agreement on a massive governmentwide spending package titled the Further Consolidated Appropriations Act, 2020. The legislation extends certain income tax provisions that had expired, as well as some that were due to expire at the end

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18
Dec
2019

Brown Edwards Merges With Richmond, VA Firm Gregg & Bailey

18.12.2019

PRESS RELEASE ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ Brown Edwards merges with Richmond VA firm Gregg & Bailey Brown Edwards is pleased to announce the merger with Richmond based Gregg & Bailey, P.C. (G & B) effective January 1, 2020.  The G & B partners Brad Bailey and Beth Llewellyn and their employees will become part of the Brown Edwards

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12
Dec
2019

Brown Edwards 23rd Annual Governmental Conference

12.12.2019

We invite you to join us for the firm’s 23rd Annual Governmental Conference. The year’s program will address emerging topics on the latest local government trends and developments, fiscal issues, and other matters of interest to keep attendees current and informed about the effects on local governments and its entities. This is definitely a “must‐attend’

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9
Dec
2019

IRS Updates Rules For Using Per Diem Rates

9.12.2019

The IRS recently issued guidance on how businesses, self-employed individuals and qualified employees can use the per diem rules to substantiate their business travel expenses for tax purposes. The guidance in Revenue Procedure 2019-48 modifies 2011 guidance to reflect changes made by the Tax Cuts and Jobs Act (TCJA). In a nutshell, the per diem

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22
Nov
2019

IRS Updates Rules For Mileage-Related Deductions

22.11.2019

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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30
Oct
2019

Business Year-End Tax Planning In A Tax Cuts and Job Acts (TCJA) World

30.10.2019

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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25
Oct
2019

It’s Not Too Late To Trim Your 2019 Tax Bill

25.10.2019

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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11
Oct
2019

The U.S. Department of Labor Finalizes the New Overtime Rule

11.10.2019

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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