VG CPA PC, is a profession al Certified Public Accountant firms incorporated in Virgin ia. Our firm provides personalized assistant f or all your tax needs.
Founded in 2005, VGCPA PC is a profession al Certified Public Accountancy firm incorporat ed in Virginia. Today, VGCPA Inc. is o ne of the most sought after fir ms in the Washington DC, Metro ar ea. Staffed with a highly skilled a nd experienced professional team, our firm provid es close, one-on-one personal attention to a ll our clients. As a full-service Accounti ng firm, we offer a broad ran ge of se
Operating as usual
New Year is not about changi ng the dates but Direction, it's n ot about changing the calendar but Commitme nt, it's not about changing the actio ns but Attitude.
Happy New Year! Welco me 2022!
May the spirit of Christmas infu se your life and that of yo ur family members with warmth, hope, positivi ty and joy!
Merry Christmas and Happy Holida ys!
With Respect, Honor and Gratitude.
Thank Y ou Veterans!
Wishing you a fun filled Hap py Halloween!
Happy Columbus Day!
ERTC - Employee Retention Tax Cred it
Are Donations and Goodwill costs allowab le under FAR 31.205-8 and FAR 31.205- 49 respectively?
Are Donations and Goodwill costs allowab le under FAR 31.205-8 and FAR 31.205- 49 respectively?
Are Bad Debts and Contingency Cos ts allowable under FAR 31.205-3 and F AR 31.205-7 respectively?
Are Bad Debts and Contingency Cos ts allowable under FAR 31.205-3 and F AR 31.205-7 respectively?
Are Precontract Costs allowable under F AR 31.205-32?
Are Legal and other Proceedings Co st allowable under FAR 31.205-47?
Are Legal and other Proceedings Co st allowable under FAR 31.205-47?
Are Interest Expenses and other Financi al Costs allowable under FAR 31.205-20?
Can Fines & Penalty Costs be deem ed allowable under FAR 31.205-15?
Can Fines & Penalty Costs be deem ed allowable under FAR 31.205-15?
Is Entertainment Cost allowable under F AR 31.205-14?
Unallowable Costs under FAR (Federal Acquisiti on Regulations)
Unallowable Costs under FAR (Federal Acquisiti on Regulations)
DCAA Accounting Compliance for IT a nd Software Companies
VG CPA PC- Certified Public Accounta nt updated their business hours.
DCAA Accounting Compliance for Software & Informati on Development Companies
TIPS FOR COUNTY BPOL TAX AUDITS
We saw many of the business owne rs received county BPOL (Business License) t ax audit in December 2019 (Audit Lette rs still keep coming) . We ll planned audit preparations and reading of Gro ss receipts Exclusions can save lot of mon ey. Here are the some tips a nd example of exclusions. .
- A ny amount paid for computer hardware a nd software that are sold to a Unit ed States federal or state government
- Any receipts attributable to business conduct ed in another state or foreign count ry in which the taxpayer (or i ts shareholders, partners or members in li eu of the taxpayer) is liable f or an income or other tax bas ed upon income.
- Salary and wages pa id by staffing firm for temporary staffi ng to other organisations
List of exclusion a re tricky and well planned audit c an save lot of money Pl re ad all BPOL regulations and planned according ly.
Non planned audit can cost y ou lot of money
Tax Preparer/Accountant Job in Ashburn, VA at VG C PA PC Easy 1-Click Apply (VG CPA PC) Tax Preparer/Accountant job in Ashburn, VA. View job description, responsibilities and qualificatio ns. See if you qualify!
IRS Expands Penalty Waiver From 85 to Lower ed 80 Percent Threshold
Announced Friday, March 22, 2019: The Internal Revenue Servi ce provided additional expanded penalty relief to taxpaye rs whose 2018 federal income tax withholdi ng and estimated tax payments fell sho rt of their total tax liability f or the year.
The IRS is loweri ng to 80 percent the threshold requir ed to qualify for this relief. Und er the relief originally announced Jan. 16, the threshold was 85 percent.
T he usual percentage threshold is 90 perce nt to avoid a penalty (indicated in Publicati on 17).
Taxpayers who have already fil ed for tax year 2018 but quali fy for this expanded relief may cla im a refund by filing Form 8 43, Claim for Refund and Request f or Abatement and include the statement “ 80% Waiver of estimated tax penalty” on Li ne 7. This form cannot be fil ed electronically.
January 13 2018
If you want to save tax es under new tax law for SA LT deduction pl watch this:
Disclaimer: Pl do n ot use the tax strategy discussed witho ut discussion with tax expert as speak er or our firm are not awa re your full tax situations. Our fi rm or speaker will not be responsib le in any way for using of t ax strategy without consultations.
Ashburn CPA | Vikas Garg, C PA We are an Accounting firm licens ed in VA. We offer a bro ad range of services for business owne rs, executives, and independent professionals.
We're hiring! Apply now.
TRUMP’S NEW TAX PLAN
IS THIS THE REAL IRS? OR A SC AM?
Tax season is upon us! He re are some updates for filing th is year!
vgcpapc.com We offer a broad range of servic es to help you secure a sou nd financial future. You've worked hard to g et where you are. You deserve a fi rm that works hard for you.
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Friday | 8am - 9pm |
We advise and strategize with clients to maximize their tax savings and achieve their financial dreams. We offer a full range of tax and accounting services which includes tax preparation/planning, bookkeeping, payroll, business consulting and IRS issues.
We advise and strategize with clients to maximize their tax savings and achieve their financial dreams. We offer a full range of tax and accounting services which includes tax preparation/planning, bookkeeping, payroll, business consulting and IRS issues.
Provider of tax services for businesses and individuals. Specialist in IRS problem resolution included notices, audits and other issues.
Provider of tax services for businesses and individuals. Specialist in IRS problem resolution included notices, audits and other issues.
We specialize in Individuals, families and small business, extensions, amendments, and ITIN applications, notary public (se habla español)
We specialize in Individuals, families and small business, extensions, amendments, and ITIN applications, notary public (se habla español)
We are certified Public Accountants and Financial Consultants offering a wide range of services in the areas of accounting, taxation, personal financial .
We provide independent wealth management, personal financial planning and tax services to help individuals and families succeed.
We help you get the right set up in accounting set-ups, taxes, IRS representations, consulting services, and much more!
We help you get the right set up in accounting set-ups, taxes, IRS representations, consulting services, and much more!