KVP CPAs, LLC

12/08/2022

We are hiring administrative positions for tax season!

Please send your resume to [email protected] and we will provide more deatils.

09/04/2018

https://www.forbes.com/sites/ashleaebeling/2018/07/31/gao-dont-count-on-a-tax-refund-next-april/

For most taxpayers, the tax savings from the reform act comes through an increase in your take home pay. Your employer is withholding less federal taxes for you which we reconcile on your tax return. Contact us if you'd like an evaluation on where you stand when filing your taxes.

Have you checked your 2018 federal income tax withholding?

02/04/2018

We are taking appointments, so give us a call now before it’s too late!

01/25/2018

07/24/2014

The Net Investment Income Tax and the LLC Sting.

Germany is generally attributed to be the first to enact laws allowing for the establishment of a limit liability entity in 1892. The concept of creating an entity capable of aggregating capital while limiting the individual liability of the Members was a breakthrough idea at the time and the provisions were a cause of great worldwide debate (albeit at rather stuffy conventions or perhaps at family dinners of the very strange). The modern US LLC was first created by the state of Wyoming in 1977 and its purpose was to provide an alternate and highly flexible method of doing business which limited member liability and allowed members to control ownership. Since that time the LLC has become the runaway smash hit of how to organize a business in the USA. As of 2011 72.4% of business in the USA were LLCs.

So why did so many business people give up the tried and true C-Corp in favor of the untried LLC? Was Wyoming's law an altruistic act driven by a longing for a purer legal entity? Why does it matter anyway?
Well like most things done by our angelic representatives it has to do with...

Read the full article Here. http://www.kvacpa.com/blog.php

Take a look at our Blog page. KV&A CPAs LLC is a full Accounting firm located in Ijamsville, MD.

07/09/2014

Tax Tips: Start Planning Now for Next Year's Tax Return

This year's tax deadline may have come and gone, but it's never too early to start planning for next year or to think about setting up a smart record-keeping system

06/27/2014

Do you have a foreign bank account? SEE BELOW FOR URGENT NOTICE...

06/27/2014

June 30 2014 is the due date for filing an FBAR. If you have a foreign bank account and the balance at any time was more than 10K in 2013 you must file the FBAR form. The penalty is 50% (yes, FIFTY %) of the balance or $100,000 whichever is greater. Folks they are not playing around on this one. File the FBAR!
See more: http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Report-of-Foreign-Bank-and-Financial-Accounts-FBAR

File it online now at: http://bsaefiling.fincen.treas.gov/main.html

If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, exceeding certain thresholds, the Bank Secrecy Act may require you to report the account yearly to…

03/25/2014

6 Overlooked Tax Breaks for Individuals

KV&A CPAs LLC is a full service tax, accounting and business consulting firm located in Ijamsville, MD

02/06/2014

February 2014 Newsletter: Important Tax Tips the this Tax Season

KV&A CPAs LLC is a full service tax, accounting and business consulting firm located in Ijamsville, MD

01/14/2014

January 2014 Newsletter

Featured Articles Include:

-Tax Changes for 2014: A Checklist
-Ensuring Financial Success for Your Business
-Tax Brackets, Deductions, and Exemptions for 2014
-IRS Announces 2014 Standard Mileage Rates
-Do You Qualify for the Saver's Tax Credit?
-QuickBooks Tips
-Tax Due Dates

KV&A CPAs LLC is a full service tax, accounting and business consulting firm located in Ijamsville, MD