Converting to an S-Corporation: Deep Dive into the Advantages and Disadvantages
Discover the benefits and drawbacks of converting to an S-Corporation (S-Corp) for your business. Learn how this tax election can save you money, simplify taxes, and provide liability protection while understanding the compliance challenges involved.
The Impact of AI on the Accounting Profession—and How It Can Support Your Business
Artificial Intelligence (AI) is revolutionizing the accounting profession by automating tedious tasks, improving accuracy, and delivering real-time insights. At The RVA Accountant, PLLC, we leverage AI-driven tools to streamline financial processes, provide proactive business advice, and detect fraud, all while maintaining the human touch that sets our services apart. Discover how AI can transform your accounting operations and support your business growth in this detailed post.
Piercing the Corporate Veil: What It Means and How to Protect Your Assets
Protecting your personal assets is one of the most important reasons to form a corporation or LLC, but this protection isn’t guaranteed. Piercing the corporate veil can leave your personal wealth exposed if corporate formalities aren’t followed. In this blog post, The RVA Accountant, PLLC explains what piercing the corporate veil means, common pitfalls that lead to it, and essential best practices to safeguard your assets. Learn how to maintain proper corporate separation, avoid liability risks, and keep your business and personal finances secure. Read on to protect your business—and your future!
2025 Tax Brackets: Key Updates for Individuals, Corporations, Trusts, and Investments
The IRS has released the updated tax brackets for 2025, reflecting important changes for individuals, corporations, trusts, and investors. This blog post breaks down the key updates, including income tax rates, capital gains brackets, and estate tax thresholds, along with actionable strategies to help you navigate the upcoming tax season. Stay informed and plan ahead with expert guidance from The RVA Accountant, PLLC.
