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Monday 7am - 7pm Tuesday 7am - 7pm Wednesday 7am - 7pm Thursday 7am - 7pm Friday 7am - 7pm

Bonsra Tax Services

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United States
Lanham, MD
Bonsra Tax Services

No annoying tax professional lingo. Just straight, authoritative and friendly expert advice.

Bonsra Tax Services is a family-owned business started by it's two co-founders Kwame Bonsra and Kwaku Bonsra. As a family business, we value every single one of our clients and look to provide that exemplary service that keep our clients satisfied. We provide tax preparation services to individual taxpayers and small businesses. We use our expertise to ensure your tax return is prepared with accur

acy and efficiency while minimizing your tax liability in efforts of maximizing your refund. Additionally, we review your return with you so that you can feel confident in your tax situation and walk away understanding the intricacies of how the IRS tax code affects you and/or your business. Now that we have personally invested in your financial well-being for the current year. We will look to the future and advise you of several tax benefits/deductions that you may not have been aware of in the past. Additionally, we offer a detailed budgeting tool that helps you to manage your monthly budget and help you save for that extra vacation that you deserve!

05/08/2026

Artificial intelligence (AI) is changing how almost everything is done, including how fraud is committed. For example, a scammer might use AI to generate “deepfake” voices or “spoof” caller ID information to impersonate IRS agents. AI also makes it easier for perpetrators to establish robocall networks. (The IRS always stresses that it will contact taxpayers via U.S. mail about any tax issues. It won’t leave urgent voice messages or threaten arrest.) Fraud aside, the IRS warns against relying on AI-generated responses to complex tax questions. Be sure to verify AI answers by reviewing IRS instructions and crunching any numbers yourself. Better yet, call us at (240) 821-2572 for assistance.

05/06/2026

Your 2025 individual income tax return can provide a treasure trove of tax-planning ideas for 2026. We can dig into your 1040 and uncover potential strategies you can implement this year to reduce your 2026 taxes. We also can assist with filing extended 2025 returns. Call us at (240) 821-2572 to set up an appointment.

05/05/2026

Fringe benefits offer multiple business advantages. They can boost morale, attract and retain top talent, and qualify for potential tax breaks. That’s why it’s smart to review which ones you sponsor and what you may be missing. Of course, you don’t want to spend time and resources sponsoring benefits your employees don’t value. And you must follow specific rules and documentation requirements to be eligible for tax-advantaged treatment. Contact us at (240) 821-2572 for help choosing the right fringe benefits for your business and managing the tax impact.

05/04/2026

When you’re busy running a business, it’s easy to overlook or dismiss the warning signs of financial distress. Rising employee turnover can signal internal strain. Cash flow issues may indicate slow collections or weak working capital practices. And sudden external shifts — such as interest rate volatility, cost increases or supply chain disruptions — can take a toll on otherwise healthy businesses. Supplementing your company’s year-end financial statements with interim reports or targeted agreed-upon procedures can help you spot problems early and take prompt corrective action. Contact us at (240) 821-2572 to learn more.

05/01/2026

A temporary federal income tax deduction for interest on qualifying auto loans for 2025 through 2028 was created by the One Big Beautiful Bill Act. The write-off, available even if you don’t itemize, is capped at $10,000 per tax return, subject to income-based phaseouts. It applies only to interest on first-lien loans to buy U.S.-assembled passenger vehicles for personal use. Leased, used and fleet vehicles are excluded. The IRS recently issued proposed regulations that clarify how the deduction works. For example, they address the “personal use” requirement. Contact us for details at (240) 821-2572.

04/29/2026

If you have unfiled tax returns, getting back on track may be easier than you think. But the longer you wait, the more costly it becomes. The IRS charges a failure-to-file penalty of 5% per month (up to 25%) of the unpaid tax. There’s also a separate failure-to-pay penalty of 0.5% per month (up to 25%) of the unpaid tax. If both apply in the same month, the combined penalty is generally 5% per month. Returns over 60 days late are subject to a minimum penalty. Filing, even if you can’t pay in full, can reduce penalties and open the door to payment plans or other relief options. Call us at (240) 821-2572 for help.

04/28/2026

Technology decisions are a common pain point for small business owners. You might be unsure when to invest in new technology and how much to spend. After all, there’s nothing worse than a “solution” that doesn’t solve anything. Poor choices can lead to wasted money, time and staff effort. The good news? You can avoid this situation with a thoughtful, strategic approach to technology selection and implementation. Call us at (240) 821-2572 to discuss your needs, set a realistic budget and take the right steps to get a sound return on investment.

04/27/2026

No two taxpayers are exactly alike — so your tax strategies shouldn’t be either. Our firm provides customized tax planning for individuals and businesses. We can identify opportunities to reduce taxes in your specific situation while helping you stay compliant with changing tax laws. Call us at (240) 821-2572 to get started.

04/24/2026

The IRS has launched a new “Report Fraud” webpage to simplify confidential reporting of suspected tax fraud or scams. It consolidates multiple IRS fraud-reporting options into a single location, allowing taxpayers to report suspected scams, tax evasion or other tax-related misconduct in one place. This is the initial phase; the IRS plans to further streamline fraud reporting by reducing the number of forms, automating processes and adopting modern case‑management tools. We’re here if you have questions. Call us at (240) 821-2572.

04/22/2026

F**A taxes on W-2 wages are split equally between employee and employer. For self-employment income, you pay both halves, but the “employer” half is deductible. If you own and work in a business structured as a partnership, the income passing through to you for income tax purposes generally is also subject to self-employment taxes, even if it isn’t distributed to you. If your income exceeds certain levels, you also could be subject to the 0.9% additional Medicare tax. Call us at (240) 821-2572 to review your situation.

04/21/2026

If you’d like to help a charity for a period of time but ultimately benefit one or more heirs and potentially save gift and estate taxes, consider a charitable lead trust (CLT). You transfer assets to the irrevocable CLT and the charity receives payments from it for a term of years. When the term expires, the remaining assets are distributed to the CLT’s beneficiaries. The CLT assets can include publicly traded securities, real estate, business interests and even private company stock. Call us at (240) 821-2572 for more details.

Address

Lanham, MD
20706

Opening Hours

Monday	7am - 7pm
Tuesday	7am - 7pm
Wednesday	7am - 7pm
Thursday	7am - 7pm
Friday	7am - 7pm

Website

http://www.Bonsrataxservices.com/

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