SIMA Welcomes Ashley Vice, CFA, CFP®

We are excited to announce that Ashley Vice, CFA, CFP® joined our wealth management team as a Portfolio Manager earlier this summer. Ashley works with clients to identify their investment objectives and goals and to implement their portfolio investment strategy in accordance with the firm’s overall investment approach.  Working closely with the SIMA team, Ashley…

Virginia Tax Credits

Making the most of available tax credits is a key component in any plan for minimizing tax liabilities.  Remember, tax credits are much more valuable than deductions because they reduce the amount of tax owed on a dollar-for-dollar basis.  Did you know that Virginia has numerous tax credits in place to help their residents and…

Do your employees need a paycheck check-up?

IR-2018-145, June 28, 2018 Taxpayers who owed additional tax when they filed their 2017 federal tax return earlier this year can avoid another unexpected tax bill next year by doing a “paycheck checkup” as soon as possible, according to the Internal Revenue Service. The Tax Cuts and Jobs Act, the tax reform legislation passed in…

Involuntary Termination

Each step in the process of terminating an employee should be carefully executed.  Each step must be carefully and thoroughly documented.  If an employee is discharged for poor performance and later sues alleging discrimination, the employer will have a difficult time defending if the personnel file is devoid of any documentation of the poor performance…