The Path from Intern to First Year Associate

CJ Freedman is a 2019 graduate of the University of Lynchburg (previously Lynchburg College) and a first-year audit associate in our Richmond office.  CJ majored in accounting and was introduced to life at YHB during his 6-week internship the summer after his junior year.  Following his internship, CJ accepted our job offer to join YHB… Read more »

Is your accounting software living up to the hype?

Accounting software typically sells itself as much more than simple spreadsheet or ledger. The products tend to pride themselves on being comprehensive accounting information systems — depending on the price point, of course. So, is your accounting software living up to the hype? If not, there are a couple of relatively simple steps you can… Read more »

What is the Legacy You are Leaving to Your Family?

As a CPA, I often talk to our clients about wealth transfer, avoiding probate, and minimizing estate and income tax. Understanding client desires and family dynamics has always been a part of that process. However, rarely do we discuss the stories, wisdom, and recipes accumulated over a lifetime and passing that to the next generation…. Read more »

YHB Construction Industry Quarterly Update – August 2019

With summer coming to a close, and fall right around the corner, most contractors are working at a hectic pace, and have all the work they can handle. In this edition, we’ll take a look at the statistics on construction backlog, and also examine what the industry is doing to keep up with technology changes…. Read more »

YHB NAMED ON THE 2019 100 BEST ACCOUNTING FIRMS TO WORK FOR

Yount, Hyde and Barbour (YHB) is pleased to announce for the second consecutive year, it has been named as one of the 2019 Accounting Today’s 100 Best Accounting Firms to Work For. “YHB has always believed our people are our number one asset and it’s delightful to see that our employees hold us in such… Read more »

Understanding the contents of a will

You probably don’t have to be told about the need for a will. But do you know what provisions should be included and what’s best to leave out? The answers to those questions depend on your situation and may depend on state law. Basic provisions Typically, a will begins with an introductory clause, identifying yourself… Read more »

What’s the difference between the two types of power of attorney?

When drafting your estate plan, you and your attorney must account for what happens to your children and your assets after you die. But your plan must also spell out your wishes for making financial and medical decisions if you’re unable to make those decisions yourself. A crucial component of this plan is the power… Read more »

A Year To Remember

Quote: We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard. – John F Kennedy ‘A year to remember’ is usually that phrase means that it was a big year. However, this year seems to be the year to remember… Read more »

Qualified Opportunity Funds and the Opportunity for Large Tax Savings

Background Congress enacted a new provision as part of the Tax Cuts and Jobs Act that provides tax incentives for investment in economically distressed communities. This provision allows for both gain deferral and gain exclusion, which have the potential to generate large tax savings for investors. To access these tax savings, investors need to understand… Read more »

Converting IRAs from traditional to Roth

Converting your traditional IRA funds into a Roth IRA could have significant tax benefits to yourself and your family members, if planned correctly. Thanks to the Tax Cuts and Jobs Act (TCJA), there is an opportunity to take advantage of historically low tax rates before the rates are scheduled to reset to the previous levels… Read more »