Firm News & Updates

Catch-up contributions have long been a way for taxpayers to put more dollars into their retirement accounts as they get older. But the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act, enacted in 2022, included a major change to the catch-up...

Virginia Business has named KWC CPAs as one of the 2026 Best Places to Work in Virginia. The awards are held in partnership with Best Companies Group. Best Places to Work in Virginia identifies, recognizes and honors the best places of employment in Virginia in three...

In today’s volatile economic environment, business owners face uncertainty on many fronts. As they seek to make decisions regarding expansion, contraction, or even changing lines of service or product offerings, many discover that a prudent plan from a few weeks ago...

As the year draws to a close, many businesses look for ways to recognize and thank their employees. From gift cards to holiday treats to service awards, the options are plentiful. But not all gifts are treated equally by the IRS. The tax implications depend on factors...

KWC is proud to be included among the 2025 Accounting MOVE Project's Best CPA Firms for Equity Leadership. The firm has the highest percentage of female partners of the firms participating in the annual survey. This is the 11th year KWC has been named to the list. The...

Section 529 plans are most commonly used as a tax-favored way to save and pay for college expenses. You might be reluctant to open a 529 account for your child because you're not sure he or she will pursue a college degree. Or maybe you're too focused on paying...

We know all too well that tax law is constantly changing. The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025. We want you to be ready for it. This article focuses on planning opportunities around the changes to charitable deductions. Itemized...

There's  good news for businesses considering buying equipment and other capital assets: The One Big Beautiful Bill Act (OBBBA) dramatically improves first-year depreciation tax breaks. Here's what you need to know to take advantage. 100%  First-Year Bonus...

The videos and slides below provide an overview of the individual and business provisions of the One Big Beautiful Bill Act (OBBBA). These provide general information and should not be considered tax advice. We encourage you to reach out to your KWC advisor with...

On July 4, 2025, President Trump signed into law the reconciliation bill informally named the One Big Beautiful Bill Act (OBBBA). The bill has been hailed by the administration as a sweeping tax reform package that reshapes the tax landscape for individuals and...