Practical tips on bookkeeping, taxes, payroll and running a small business in Northern Virginia, DC and Maryland.
The beginner friendly guide: how an S corp works, when it saves money, what it costs and how to set one up in Virginia.
Reciprocity, part year moves, rental and business income across Virginia, DC and Maryland.
What each does, which one you need first and what to budget each month.
Settings, classes for programs and funds, donations and reports.
Equipment, S corp salary, retirement plans and Virginia rules.
How each method works, the 2026 IRS rules, the tax impact and how to see both views in QuickBooks.
Escrow, security deposits, owner statements and monthly reports.
Rule 1.15 basics, three way reconciliation and common mistakes.
Owner’s draw, salary and distributions for every type of business.
The four statements and restricted vs unrestricted funds.
Startup costs, financing, Virginia setup and a first year checklist.
How each is taxed, the double tax in numbers and when a C corp makes sense.
Registrations, new hire reporting, forms and payroll filings.
BPOL, business property, the 4% meals tax that began in 2026 and every key deadline.
$12.77 now, $13.75 in 2027 and $15.00 in 2028, and what to update.
Forming the corporation, Form 1023 and Virginia registration.
The 2026 rate, car tax relief, due dates and what you can deduct.
How practices are valued, what to request and the red flags.
Rates by region, the 1% grocery rate, Form ST-1, due dates and remote seller rules.
Collections ratio, receivables and overhead percentages to track.
Where K-1s come from, when they arrive, how they are taxed and what to do when one is late.
The 990-N, 990-EZ and full 990 thresholds and due dates.
How many years to file, what penalties cost, refund deadlines and how to get penalties removed.
The $4,000 per account limit, carryforward and the age 70 rule.
What to report, what you can deduct and the rules that trip up landlords.
Fund accounting, a nonprofit chart of accounts and a monthly checklist.
Production vs collections, insurance deposits and a monthly checklist.
Average fees by return type, what drives the price and how to keep your bill down.
Federal, Virginia, Maryland, DC and county due dates for 2026 and early 2027, adjusted for weekends.
How it works, the 2026 update and when it can lower your federal tax.
The deadlines, documents and deductions to have ready so filing season goes smoothly.
How the higher cap works, the income phase down and whether to itemize.
Who gets one, the new $2,000 threshold, payments you leave off and the February 1, 2027 deadline.
Limits, income phaseouts, real examples and what employers need to report for tips and overtime.
Federal and Virginia due dates, the $1,000 Virginia threshold that starts in 2026, safe harbors and how to avoid penalties.
Nine steps that keep your books accurate and your reports worth reading.
How each is taxed, savings by profit level and the costs to weigh before you switch.
Who qualifies, the filing deadline, where to send it and how to fix a late S corp election.
The business license, business property tax and local deadlines to know.
Articles are general information. For advice on your business or taxes, talk with our team.
