accounting and finance Archives - InUnison

accounting and finance

accounting and finance

Important Information Regarding 2022 Virginia Income Tax Returns

Virginia’s Conformity to the Internal Revenue Code Advanced to Dec. 31, 2022


Under legislation enacted by the 2023 General Assembly, Virginia’s date of conformity to the Internal Revenue Code will advance from December 31, 2021 to December 31, 2022. Virginia is generally conforming to the Inflation Reduction Act of 2022 (IRA), and the Secure 2.0 provisions of the Consolidated Appropriations Act of 2023 (CAA). Also as a result of this legislation, the Qualified Educator Expenses Deduction and the Hardwood Management Practices Tax Credit (both passed in 2022) are effective immediately and may be claimed by qualifying taxpayers on their tax year 2022 income tax returns.

Tax Bulletin 23-1 provides more information.


View the Tax Bulletin


If you have additional questions, go to, or contact us at 804.367.8031 for individual income tax questions and 804.367.8037 for business tax questions.

By |2023-02-28T12:43:37-05:00February 28, 2023|Article|0 Comments

6 Ways To Spring Clean Your Small Business

Are you ready to spring clean your small business? Here are six ways you can freshen things up at your company.

From Forbes

1. Tidy Up Your Website

It’s no secret that your small business website can help your business grow and evolve. But if you let much-needed changes fall through the cracks, your website can easily collect dust and damage your brand.

Chances are, your business has grown and changed during the last year. You might have revised your mission. Maybe you completely switched your business logo or color scheme. Either way, you should take time to scour your website for things that don’t line up with your business’s current brand.

Maybe there is some content on your business website that needs to be rewritten to better reflect your company’s offerings or target market. Or, maybe your website just looks completely outdated […]

By |2023-02-21T16:27:56-05:00February 21, 2023|Article|0 Comments
  • smart goals

SMART Goals Worksheet

Download this SMART Goals worksheet to help you achieve your goals in the easiest way possible.

Download Worksheet

What Is a SMART Goal?

‘SMART’ is an acronym that stands for Specific, Measurable, Achievable (or Attainable), Relevant, and Time-bound. SMART goals meet all 5 of these criteria — and, as a result, are strategic, focused, and actionable.

Let’s explore each characteristic a little further.

  • Specific: The goal should be very precise with no room for misinterpretation.
  • Measurable: The goal should be quantifiable, and progress should be easy to track.
  • Achievable: The goal should be attainable — not outlandish or unrealistic.
  • Relevant: The goal should contribute to your broader, overarching goals.
  • Time-bound: The goal should have a defined start and end date.

Why Are SMART Goals Important?

Why use SMART goals? When you […]

By |2022-12-13T16:33:08-05:00December 11, 2022|Worksheet|0 Comments
  • Mentorship to grow professionally

Leverage a Mentorship to Grow Professionally

It’s likely we see the value in having mentorship to grow professionally. We see mentors as guides and advisors that can help us take our careers to the next level. 


From Radical Candor *This guest blog post about mentorship was contributed by Ryan Carruthers, content marketing manager at Together Software.

Despite the consensus that mentorship is beneficial, not every company encourages mentoring relationships to support employee development. For instance, the Talent Mobility Research Report found that over 40 percent of organizations said they did not provide this type of support to employees.

The reason for the disconnect between the value we see in mentorship and why companies don’t offer it may be a flawed mindset. Companies may feel that the job of career development rests on the employees’ shoulders. They should take the initiative — shouldn’t they? And performance reviews […]

By |2023-04-04T17:26:32-04:00December 11, 2022|Article|0 Comments

New Federal Reporting Requirement to Affect Millions of Small Businesses

The Final Rule recently issued under the Corporate Transparency Act (“CTA”) represents a significant update to federal anti-money laundering laws and is estimated to affect millions of business entities by imposing new disclosure requirements on business owners. Here is a quick summary of the reporting requirements and a few tips to help you comply with these new requirements when they officially go into effect on January 1, 2024.

Provided by InUnison Expert, Perkins Law, PLLC

What is the CTA Final Rule?

On September 29, 2022, the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) issued its Final Rule implementing the CTA’s requirements to report beneficial ownership information. The CTA itself became law in January 2021 and FinCEN issued a proposed rule in December 2021. The CTA’s primary purpose is to strengthen our nation’s anti-money laundering regime […]

By |2022-11-08T15:16:32-05:00November 8, 2022|Article|0 Comments
  • reverse declining revenue

Declining Revenue – 4 Creative Ways to Reverse It

With declining revenue – make small adjustments to the way you operate while you assess whether the slump is due to a larger macroeconomic issue.

Earlier this year, Meta (the company that owns Facebook) announced its first-ever yearly decline in revenue. Company leaders attributed the drop to a slowing economy, efforts to restructure the business, and to Apple’s new policy allowing iPhone users to opt-out of ad tracking.

When your small business faces a drop in revenue, the problem is also likely to be multifaceted. A new competitor may have entered your market, or consumers are responding to news reports of an impending economic recession. Whatever the cause of your revenue decline, here are some steps you can take to ensure your business rises to the challenge and comes through this period stronger than ever.

One bad […]

By |2022-10-10T16:34:11-04:00October 6, 2022|Article|0 Comments

85 Funny Work Quotes To Share With Your Colleagues

By Indeed Editorial Team

Humorous quotes can help you stay positive throughout the workday and allow you to develop a friendly rapport with your colleagues. Sharing these statements in person, via email or on a communal bulletin board can highlight your positive attitude and show that you’re a good team member. Understanding what quotes to reference can help you motivate your coworkers and be an empathetic and considerate member of your organization.

In this article, we list 85 funny work quotes to help you stay motivated and boost morale in your professional environment.

Funny work quotes about motivation

Staying motivated throughout the day is an essential aspect of executing your job duties efficiently and […]

By |2022-10-28T16:00:46-04:00June 21, 2022|Article|0 Comments
  • Pooled Employee Plans

Implement Pooled Employer Plan (PEP)

Log In or Upgrade Your Access

We’re sorry, but to view this page, you need to either sign in or join at a higher membership level.
workforce woes illustration of two people high-fiving each other

How We Help

The membership levels of InUnison have been designed exclusively to serve the Richmond region’s locally owned independent businesses.
By |2023-04-06T14:57:59-04:00March 28, 2022|Article|0 Comments
  • learning-lab-The Small Business Startup Guide to Virginia Tax Registration

The Small Business Startup Guide to Virginia Tax Registration

Log In or Upgrade Your Access

We’re sorry, but to view this page, you need to either sign in or join at a higher membership level.
workforce woes illustration of two people high-fiving each other

How We Help

The membership levels of InUnison have been designed exclusively to serve the Richmond region’s locally owned independent businesses.
By |2022-10-31T14:32:02-04:00January 10, 2022|Article|0 Comments
Go to Top