700 N. Fairfax St. Suite 400 Alexandria, VA 22314

Ph: 703.535.1200 | Fx: 703.535.1205

700 N. Fairfax St. Suite 400 Alexandria, VA 22314 Ph: 703.535.1200 Fx: 703.535.1205

Virginia’s Return To Earn Grant Program

Renner Business News; July 29, 2021—Paige Mason, CPA On May 31, 2021, Governor Ralph Northam invested $3 million in the newly launched Return to Earn program for Virginia workers and small businesses. The program matches up to $500 paid to a new employee, up to 25 new employees, for childcare, transportation or other barriers to … Continued

Child Tax Credit and Other Changes Affect Families with Children

Renner Business News; July 15, 2021—Justyna Zuchmanska, CPA Recent changes in the American Rescue Plan Act of 2021 affect families with children. The tax changes increase the child tax credit, the child and dependent care credit and dependent care flexible spending account limits (DCAP). These are temporary changes and apply only for 2021. Credit Increased … Continued

Update: Virginia Follows IRS Due Date Move to May 17

Renner Individual News; March 22, 2021—Joan M. Renner, CPA, CGMA Virginia has moved the deadline for filing 2020 individual tax returns to May 17, aligning the Virginia due date with the new due date for federal returns. Last week, the IRS gave individual taxpayers until May 17 to file their 2020 federal returns. While many … Continued

IRS Moves 1040 Due Date to May 17

Renner Individual News; March 19, 2021—Joan M. Renner, CPA, CGMA Amid the second tax season of the pandemic, the IRS is giving individual taxpayers another month to file their 2020 returns.  While many taxpayers will benefit from this extra time, others will not.  How will this change affect your tax filing deadlines? More time to … Continued

Joan Renner Recognized for Women’s Leadership

Renner Firm News; November 2, 2020 The Virginia Society of CPAs (VSCPA) champions the accomplishments of women in the accounting profession and has created the Women to Watch Awards for established and emerging female leaders in the accounting profession. Winners will be recognized at the second annual Women’s Leadership Forum in December. In 1898, when … Continued

Please Join Us in Welcoming Mary Ann to the Firm

Renner Firm News; October 1, 2020 Renner and Company is delighted to introduce our newest award-winning Senior Tax Manager, Mary Ann Dougherty. She joined the firm on Oct. 1, 2020, but Mary Ann is no stranger to the area. Mary Ann was born and raised in Northern Virginia and knew she wanted to be an … Continued

Paycheck Protection Program – Self-Employed Not Left Out

Renner Business News; April 27, 2020—Joan M. Renner, CPA, CGMA A new COVID-19 relief package is expected to provide $310 billion additional Paycheck Protection Program (PPP) funding very soon to help small businesses and charities amid the COVID-19 crisis. Organizations can use PPP loans to pay rent, payroll, utilities and existing mortgage interest. After eight … Continued

CARES Act Offers Individuals Financial Relief

Renner Business News; April 1, 2020 Many individuals will receive much-needed financial relief from the provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, including— Recovery checks, Additional tax deductions for charitable contributions, Waiver of penalties for early pension distributions, and Waiver of the requirement for required minimum IRA distributions. Recovery Rebate Checks … Continued

The Families First Coronavirus Response Act: A Summary

Renner Business News; March 27, 2020 The Families First Coronavirus Response Act provides federal support for employers who continue to pay employees who are unable to work due to school closings or illness related to COVID-19. The Act applies to private employers, including nonprofits, with fewer than 500 employees and certain public employers. Employers must … Continued