Gumax Accounting Services

Directions Website

Gumax Accounting Services We offer a broad range of services for business owners, executives and independent professionals. You don’t need a background or degree in business.

We are now a CPA firm in Maryland with a network of CPAs and Consultants across USA, Europe, Africa, and Asia. We are a group of professionals providing you with all your accounting and financial planning needs all under one roof (Virtual Cloud) by a network of high integrity professionals. We are also recruiting other accounting firms or individuals with interests and qualities we are looking for to join our partnership or sub contract with GumaxCPAs-contact us for more details. To the Entrepreneur

Start a business, accumulate wealth and achieve financial independence, and retire to a life of luxury, leaving your heirs with a business that is thriving and increasing in value.With determination and dedication you can do it ,only in America.At Gumax,we provide clients who have helped us expand over the years(and any other clients or individuals with entrepreneurial spirit) chance to be in business FOR themselves but not BY themselves. Gumax Accounting Services ,backed with experienced group of professionals ,provides all the support and training you need! Plus, you have the freedom and flexibility to build your business how you want it — when you want to. or Accounting. Gumax is 100% dedicated to helping your business efforts and offers an Entrepreneurial Success System that is dedicated to helping you succeed. Corporate Support

Home Office: Dedicated group of professionals(accountants CPAs and financial advisors) working toward YOUR success. Training and Development: From getting certified to running a successful business, Gumax keeps its clients and partners current on the latest training and development. Legal and Compliance Advisory: Keep you up-to-date on the latest industry and regulatory requirements. We keep abreast of tax law changes and use industry leading software . GumaxPlus Training Academy
Tax return preparers that are compensated for federal tax returns will be subject to new requirements from the IRS as of 2011. The requirements include the following:

Registration IRS Tax Professionals PTIN system sign-up (Began in mid-September 2010)
This is required for everyone preparing tax returns

Testing (Began November 2011)
Registered tax preparers only. Attorneys, certified public accountants, and enrolled agents are exempt. Continuing Education (Begins in 2012)
Registered tax return preparers only. No additional education requirements imposed on attorneys, certified public accountants, or enrolled agents. Gumaxplus Traning Acadamy is now powered by Fastforward Academy

Tax preparation can be confusing. So many tax laws change from year to year. knowledgeable tax professionals will guide you through deductions and credits the average taxpayer doesn’t know about or realize apply to them. The ultimate end product of accounting is NOT good financial reports. Rather, the desired end points of accounting are an excellent understanding of your business and better management action. Remember, accounting does not equal bookkeeping. Providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not be compromised. Our Analysts fill the gap between bookkeeping and action. And at GUMAX Accounting Services we do it ALL with Dedication dedication and desire. GUMAX International Ltd started as a tax preparation business in 1998 has now grown to become a solid accounting firm backed with a wide range of experienced professionals in all accounting fields and state of the art financial software. We are always recruiting training and developing a high integrity group of people who are number lovers or who have a desire to own a business one day.

The IRS has released its 2026–2027 per diem rates for certain business travel expenses, effective Oct. 1, 2026. Under th...
10/16/2026

The IRS has released its 2026–2027 per diem rates for certain business travel expenses, effective Oct. 1, 2026. Under the high-low substantiation method, the rate for lodging, meals and incidental expenses for travel to high-cost localities within the continental United States (CONUS) rises to $329 per day, from $319. The rate for other CONUS localities rises to $230, from $225. The portion attributable to meals remains $86 for high-cost areas and $74 for other areas. The incidental-expenses-only rate remains $5. Employers can pay more than the IRS per diem rates, but excess amounts generally must be substantiated or treated as taxable wages. Contact us at (866) 412-3880 to learn about all your options for substantiating business travel expenses.

The gift tax annual exclusion is a simple way to transfer assets gift-tax-free. To qualify, a gift must be of a “present...
10/14/2026

The gift tax annual exclusion is a simple way to transfer assets gift-tax-free. To qualify, a gift must be of a “present interest” — an unrestricted right to the immediate use of the property or the income from it. So a gift to a trust generally doesn’t qualify. But gifts to a trust with a “Crummey” provision can. After each gift to a Crummey trust, beneficiaries receive temporary withdrawal rights lasting at least 30 days. If they don’t withdraw the gift, the amount remains in the trust until distributed in the future according to the trust’s terms. Call us at (866) 412-3880 for details.

If you ever wonder how your business’s financial results stack up against others in your industry, consider a benchmarki...
10/12/2026

If you ever wonder how your business’s financial results stack up against others in your industry, consider a benchmarking study. It can show you exactly where you stand. Contact us at (866) 412-3880 to get started. We’ll help you compare key financial metrics, highlight what you’re doing well and uncover areas that need attention. From there, we’ll help build a strategy to strengthen your financial footing and minimize risks in an ever-changing market. Let’s turn your financial statements into action plans!

If you’re sending money abroad, beware of a possible 1% excise tax. This new tax generally applies to transfers of cash,...
10/09/2026

If you’re sending money abroad, beware of a possible 1% excise tax. This new tax generally applies to transfers of cash, money orders or cashier’s checks from U.S. senders to foreign recipients via certain remittance transfer providers such as Western Union and MoneyGram. But transfers made via credit or debit card, bank account transfer, or digital wallet aren’t subject to the excise tax. Essentially, the tax doesn’t apply to transfers from accounts in financial institutions subject to Bank Secrecy Act requirements or to credit or debit cards issued in the U.S. So to avoid the extra expense, consider using a card or ACH transfer from your own bank account. Contact us at (866) 412-3880 to learn more.

For businesses, gamification is a way to use game-like strategies to motivate both customers and employees. For example,...
10/07/2026

For businesses, gamification is a way to use game-like strategies to motivate both customers and employees. For example, rewards programs may help strengthen customer loyalty and encourage repeat purchases. Internally, employee recognition systems, sales leaderboards and training milestones may improve performance and promote skill development. When implemented thoughtfully, these efforts can reinforce desired behaviors and support long-term growth. Call us at (866) 412-3880 for help designing and evaluating your gamification initiatives.

If you own a life insurance policy and your estate exceeds the gift and estate tax exemption amount, a portion of its pr...
10/05/2026

If you own a life insurance policy and your estate exceeds the gift and estate tax exemption amount, a portion of its proceeds could be lost to estate tax. If you don’t own the policy, the proceeds won’t be included in your taxable estate. Using an irrevocable life insurance trust (ILIT) can keep life insurance policies out of your estate. An ILIT owns one or more policies on your life, and it manages and distributes policy proceeds according to your wishes. You aren’t allowed to retain any powers over the policy, such as the right to change the beneficiary. Contact us at (866) 412-3880 to discuss whether an ILIT might be appropriate for your situation.

If you’re responsible for collecting, accounting for or remitting federal taxes withheld from employee paychecks, beware...
10/02/2026

If you’re responsible for collecting, accounting for or remitting federal taxes withheld from employee paychecks, beware of the trust fund recovery penalty (TFRP). As a responsible individual, you may be personally liable for a 100% penalty on income and employment taxes your business either fails to collect or fails to remit to the IRS. Your actions must be “willful,” meaning you’ve been, or should have been, aware of the responsibility and either intentionally disregarded the law or were indifferent to it. According to the IRS, no “evil intent or bad motive” is required. Call us at (866) 412-3880 if you receive a letter from the IRS about the TFRP or for help with tax compliance.

Owning assets jointly with your adult child can invite unwelcome tax consequences that may outweigh potential benefits. ...
09/30/2026

Owning assets jointly with your adult child can invite unwelcome tax consequences that may outweigh potential benefits. For example, owning an asset together as “joint tenants with right of survivorship” can open up transfer tax exposure. If you add your child to the title of property you already own, it may be considered a taxable gift of half the property’s value. And when you die, half of the property’s value will be included in your taxable estate. A properly designed trust can be a more tax-efficient option. Call us at (866) 412-3880 for details.

Applying for a business loan can feel like a catch-22. On one side of the desk is the risk-averse lender, who’s willing ...
09/28/2026

Applying for a business loan can feel like a catch-22. On one side of the desk is the risk-averse lender, who’s willing to loan money only to successful business owners. On the other side is the business owner, who needs the funds to grow and be successful! To avoid this paradox, approach a loan as a partnership rather than a provider-customer interaction. After all, if you were going into business with someone, you’d want to clearly understand their vision for the venture. Contact us at (866) 412-3880 for help effectively presenting your business plan and financials to prospective lenders.

Wondering how Sec. 530A accounts (also known as Trump Accounts) may be invested? The IRS has issued proposed regulations...
09/25/2026

Wondering how Sec. 530A accounts (also known as Trump Accounts) may be invested? The IRS has issued proposed regulations clarifying the investment options allowed during the “growth period.” This period begins when the beneficiary’s initial account is established and ends on Dec. 31 of the year the child turns 17. During this time, eligible investments generally include mutual funds or exchange-traded funds that track an equity index of mainly U.S. companies, don’t use leverage, and have annual fees and expenses of no more than 0.1% of the fund’s balance. The proposed regulations would apply to tax years starting on or after Jan. 1, 2026. Call us at (866) 412-3880 with questions.

Address

2862 Garber Way
Woodbridge, VA
22191

Opening Hours

Monday 9am - 9pm
Tuesday 9am - 9pm
Wednesday 9am - 9pm
Thursday 9am - 9pm
Friday 9am - 9pm
Saturday 9am - 6pm

Website

Alerts

Be the first to know and let us send you an email when Gumax Accounting Services posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share