VG CPA PC- Certified Public Accountant

11/23/2023

Easy 1-Click Apply Vg Cpa Pc Receptionist Administrative Assistant Full-Time ($18 - $25) job opening hiring now in Ashburn, VA. Don't wait - apply now!

08/03/2023

Be Aware for Fake Employee Retention Credit (ERTC) Scam

Tax Preparer Arrested For Seeking Over $124 Million In Phony Tax Credits

https://www.msn.com/en-us/money/taxes/tax-preparer-arrested-for-seeking-over-124-million-in-phony-tax-credits/ar-AA1eIeh0?ocid=entnewsntp&pc=U531&cvid=654ad1359c9d467c81691f39b2f307bf&ei=23

12/25/2021

May the spirit of Christmas infuse your life and that of your family members with warmth, hope, positivity and joy!
Merry Christmas and Happy Holidays!

10/31/2021

Wishing you a fun filled Happy Halloween!

10/11/2021

Happy Columbus Day!

10/01/2021

ERTC - Employee Retention Tax Credit

09/30/2021

09/24/2021

Are Donations and Goodwill costs allowable under FAR 31.205-8 and FAR 31.205-49 respectively?

09/17/2021

Are Bad Debts and Contingency Costs allowable under FAR 31.205-3 and FAR 31.205-7 respectively?

09/10/2021

Are Precontract Costs allowable under FAR 31.205-32?

09/03/2021

Are Legal and other Proceedings Cost allowable under FAR 31.205-47?

08/27/2021

Are Travel Costs allowable under FAR 31.205-46?

08/23/2021

Are Interest Expenses and other Financial Costs allowable under FAR 31.205-20?

08/16/2021

Can Fines & Penalty Costs be deemed allowable under FAR 31.205-15?

08/06/2021

Is Entertainment Cost allowable under FAR 31.205-14?

07/30/2021

Unallowable Costs under FAR (Federal Acquisition Regulations)

07/28/2021

DCAA Accounting Compliance for IT and Software Companies

07/28/2021

07/28/2021

07/28/2021

01/11/2020

TIPS FOR COUNTY BPOL TAX AUDITS

We saw many of the business owners received county BPOL (Business License) tax audit in December 2019 (Audit Letters still keep coming) . Well planned audit preparations and reading of Gross receipts Exclusions can save lot of money. Here are the some tips and example of exclusions. .

- Any amount paid for computer hardware and software that are sold to a United States federal or state government

- Any receipts attributable to business conducted in another state or foreign country in which the taxpayer (or its shareholders, partners or members in lieu of the taxpayer) is liable for an income or other tax based upon income.

- Salary and wages paid by staffing firm for temporary staffing to other organisations

List of exclusion are tricky and well planned audit can save lot of money Pl read all BPOL regulations and planned accordingly.

Non planned audit can cost you lot of money

11/15/2019

Easy 1-Click Apply (VG CPA PC) Tax Preparer/Accountant job in Ashburn, VA. View job description, responsibilities and qualifications. See if you qualify!

03/25/2019

IRS Expands Penalty Waiver From 85 to Lowered 80 Percent Threshold

Announced Friday, March 22, 2019: The Internal Revenue Service provided additional expanded penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.

The IRS is lowering to 80 percent the threshold required to qualify for this relief. Under the relief originally announced Jan. 16, the threshold was 85 percent.

The usual percentage threshold is 90 percent to avoid a penalty (indicated in Publication 17).

Taxpayers who have already filed for tax year 2018 but qualify for this expanded relief may claim a refund by filing Form 843, Claim for Refund and Request for Abatement and include the statement “80% Waiver of estimated tax penalty” on Line 7. This form cannot be filed electronically.

11/19/2018

Description

11/17/2018

January 13 2018

11/17/2018

11/17/2018