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# Business & Financial Solutions

TAX HELP SERVICE AND PREPARATION

## Sitemaps

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## Posts

- [Top 10 Things To Look For In A CPA Firm](https://bfscpafirm.com/top-10-things-to-look-for-in-a-cpa-firm/) - When choosing a CPA (Certified Public Accountant) firm, several factors must be considered. Here are the top 10 things to look for in a CPA firm: License and Certification: A CPA firm should have the proper certifications from the state board of accountancy and the American Institute of Certified Public Accountants (AICPA). This will ensure
- [How to Create a Financial Safety Net for Your Small Home-Based Business](https://bfscpafirm.com/how-to-create-a-financial-safety-net-for-your-small-home-based-business/) - Starting a business from your home is an exciting and rewarding venture. However, it also comes with its own set of risks. To ensure the success of your business, it’s important to create a financial safety net that will protect you and your business in the event of any unexpected issues or losses. Here are
- [Ask A CPA, Top Ten Questions People Ask An Accountant](https://bfscpafirm.com/ask-a-cpa/) - Ask a cpa or an accountant anything. Here are the top ten questions we get. Need to ask a cpa a question online. Try our chat box right now.
- [<strong>Your Roadmap to Growth: Developing a Business Strategy That Works</strong>](https://bfscpafirm.com/your-roadmap-to-growth-developing-a-business-strategy-that-works/) - Growing a business takes careful planning, strategic decision making, and utilizing the right tools and resources. Whether you are a small business owner or an established enterprise, setting the stage for business growth can be a daunting task. In this article from Business & Financial Solutions, we will discuss seven key areas to focus on
- [Comprehensive Guide to Filing Past Due Tax Returns](https://bfscpafirm.com/comprehensive-guide-to-filing-past-due-tax-returns/) - Filing your taxes on time is crucial for staying in compliance with the Internal Revenue Service (IRS) and avoiding penalties. However, life happens, and sometimes taxpayers miss the deadline. In such cases, it's essential to know how to file past due tax returns to rectify the situation. This article provides a step-by-step guide to filing
- [6 Ways Small Business Owners Can Cope With Inflation](https://bfscpafirm.com/6-ways-small-business-owners-can-cope-with-inflation/) - Inflation can be a double whammy for small business owners. At the same time businesses are dealing with the rising costs of materials, labor and energy, consumers may be cutting spending due to their own struggles to make ends meet. According to NPR, 60% of the world's advanced economies are dealing with inflation. Finding ways
- [A Business Owner’s Guide to Understanding Their Company's Finances](https://bfscpafirm.com/a-business-owners-guide-to-understanding-their-companys-finances/) - Understanding the financials of their business is a necessary skill for any entrepreneur. Thorough knowledge of how your company's financial performance has been in the past can help you make informed decisions about the future. Here are some important terms for you to understand and resources for you to consider. The Balance Sheet A balance
- [How Seniors Can Use Required Minimum Distribution (RMDs) In IRA For Charity & Lower Taxes](https://bfscpafirm.com/how-seniors-can-use-required-minimum-distribution-rmds-in-ira-for-charity-lower-taxes/) - Learn how if you are over 70, you can use your Required Minimum Distribution (RMD) from your IRA to contribute to charities, which will lowers your overall income.
- [IRS Taxpayer Rights What Are They, What Is The Right To Finality](https://bfscpafirm.com/irs-taxpayer-rights-what-are-they-what-is-the-right-to-finality/) - You may or may not know that taxpayers in the U.S. have certain rights. These rights apply to anyone whose taxes are being audited. And, these ten rights are called the taxpayer bill of rights. Therefore, anyone who has received a letter from the IRS of their intent to audit may want to exercise one
- [Temporary Change To Business Meal Deduction For 2021 & 2022](https://bfscpafirm.com/temporary-change-to-business-meal-deduction-for-2021-2022/) - In an effort to jump start the economy and help in the recovery of the restaurant industry, the Federal government is allowing a 100% business meal deduction for 2021 and 2022 for the purchase of food and beverages provided certain requirements are met. The Old General Rule Still Applies In general, no deduction is allowed
- [Short Term Capital Gains Tax On Crypto You Bought & Sold in 2021](https://bfscpafirm.com/short-term-capital-gains-tax-on-crypto-you-bought-sold-in-2021/) - Short Term Capital Gains Taxes On Crypto in 2021. If you used sites like Robinhood or Coinbase to purchase & sell Bitcoin or Dogecoin there are tax ramifications.
- [7 Important Things Taxpayers Should Consider When Selling a House](https://bfscpafirm.com/7-important-things-taxpayers-should-consider-when-selling-a-house/) - Many Americans dream of owning a home. And, when you are ready to sell that home, it is important to understand how to calculate your home's adjusted basis and whether the sale may effect your tax return. The good news is, you may qualify for an exclusion of some, or all, of the gain from
- [Worried About Back Taxes? Here's What You Need to Know](https://bfscpafirm.com/worried-about-back-taxes-heres-what-you-need-to-know/) - If you are worried about back taxes, or owe the IRS, you will want to call (855) 557-2222. Office locations in Rockville, Frederick and Vienna
- [IRS Audit Representation and State Tax Problems](https://bfscpafirm.com/irs-audit-representatio-tax-problems-rockville-silver-spring-wheaton-frederick/) - IRS audit representation to address your tax problems, file back taxes, end wage garnishment, avoid property seizure, stop levies and liens.
- [Having Problems With Back Taxes or IRS Audits?](https://bfscpafirm.com/bethesda-md-taxpayers-irs-back-taxes/) - Having problems with IRS back taxes or audits? We can help! Serving Maryland taxpayers in Bethesda, Rockville, Chevy Chase, Potomac, Germantown, Damascus and Frederick MD areas.
- [Married Filing Separately Tax Status](https://bfscpafirm.com/tax-status-gaithersburg-md-married-filing-separately-rockville/) - Why the married filing separately status might not be a good idea, including loss of major tax credits and deductions. Serving clients in Gaithersburg, Rockville MD, Frederick, Baltimore, Bethesda
- [Finding Professional Grant Writers](https://bfscpafirm.com/professional-grant-writers-rockville-md-washingtond-dc/) - Let our professional grant writers prepare your next government or foundation proposal, or perhaps you need help with a business plan. Call 855-557-2222
- [Filing Form 990 for Tax Exempt](https://bfscpafirm.com/form-990-tax-exempt-organizations/) - Tax accounting firm for preparation of Form 990 for tax exempt organizations in Fairfax VA, Vienna and Vernon. Call (855) 557-2222.
- [Starting a Non-profit](https://bfscpafirm.com/starting-a-non-profit/) - Starting a non-profit (501c3), program accounting and tax preparation of form 990 tax return in Hagerstown MD, Frederick, Woodsboro. Call 855-557-2222!
- [Tax Credit For Children in 2021, What You Need To Know](https://bfscpafirm.com/tax-credit-for-children-in-2021-what-you-need-to-know/) - Tax Credit For Children 2021. We break down all the details. From who qualifies for the tax credit. When can you expect to get paid and how it came about.
- [IRS Garnishment and Back Taxes](https://bfscpafirm.com/irs-garnishment-and-back-taxes/) - Don\'t get caught up! BFS understands the IRS rules. And we know how to deal with an IRS garnishment and back taxes. Call (855) 557-2222 today!
- [Affordable Care Act](https://bfscpafirm.com/affordable-care-act-income-tax-returns/) - Affordable Care Act has a result of 21 new taxes associated with it that may affect income tax returns for Bethesda MD, Rockville and Olney.
- [Where Can I File My Business Returns](https://bfscpafirm.com/file-my-business-returns/) - Filing business income tax returns made simple with the right tax professionals, with locations near Frederick MD, Hagerstown, Waynesboro PA
- [Dissolving a Nonprofit](https://bfscpafirm.com/nonprofit-dissolution-washington-form-990-tax-return-montgomery-county/) - File a final Form 990 tax return with the IRS within 4 months and 15 days of dissolution of your organization. Services in Washington DC, Montgomery County MD
- [IRS & State Income Tax Extensions](https://bfscpafirm.com/irs-state-income-tax-extensions/) - BFS prepares individual income tax returns year-round, providing a broad range of accounting and tax services to meet specific needs.
- [Internal and Annual Audits](https://bfscpafirm.com/internal-and-annual-audits/) - CPA for a variety of risk management services including, fraud, forensic, internal and annual audits in Leesburg VA, Dunn Loring and Vienna.
- [The Simple Way to Handle Accounting for Your Business...](https://bfscpafirm.com/the-simple-way-to-handle-accounting-for-your-business/) - Businesses from across the country are saving money and time. Ask us about simple accounting for your business. Outsource your accounting with BFS!
- [What To Know About Deductions For Charitable Contributions](https://bfscpafirm.com/deductions-charitable-contributions/) - We answer what is 2018 charitable contributions limit? How much can you deduct for charitable contributions? What is the charitable contributions definition?
- [IRS: New Law Helps Taxpayers Who Need Money From IRAs Or Retirement Accounts](https://bfscpafirm.com/irs-new-law-helps-taxpayers-who-need-money-from-iras-or-retirement-accounts/) - The Internal Revenue Service gave a reminder that the Economic Security (CARES) Act and the Coronavirus Aid Relief can help needy taxpayers. By offering friendly tax actions for withdrawals from IRAs and retirement plans, allowing expanded loan options for specific retirement plans. Can I Get Money from My Retirement Account Now? If you are eligible
- [8 Important 529 Tax Deduction Questions Answered](https://bfscpafirm.com/529-tax-deduction-answers/) - Here are 8 really important 529 tax deduction questions answered. How to make this potential tax credit work for you.
- [Why Did I Receive a Notice of Deficiency CP3219A From The IRS?](https://bfscpafirm.com/why-did-i-receive-a-notice-of-deficiency-cp3219a-from-the-irs/) - Notice of Deficiency, or simply notice CP3219-A, is another type of IRS notice that our clients frequently receive in addition to notice CP2000. This additional notice is usually a follow-up letter that the IRS sends clients if they don’t respond to CP2000 in the given timeframe. That said, you will likely receive notice CP3219-A if
- [How to Get Tax Paid Back for Bonus Repayment](https://bfscpafirm.com/how-to-get-tax-paid-back-for-bonus-repayment/) - It is standard for companies to retain the best talent by incentivizing their employees. A good example is the popular sign-on bonus, which is typically given to new employees immediately after they accept to join the organization. The sign-on bonus is oftentimes offered on one condition – don’t quit the company within an agreed period
- [CPA Letter for Apartment Rental or Home Purchase](https://bfscpafirm.com/cpa-letter-for-apartment-rental-or-home-purchase/) - There has been an increasing trend of banks, landlords, and/or lenders asking self-employed individuals for letters from a CPA to verify, certify, vouch for, or attempt to estimate the applicant's income. This income statement is then assessed by the lender when determining whether the loan should be approved. Some examples of requests (variable wording but
- [How Can I File My Back Taxes? We Answer You Back Taxes Questions](https://bfscpafirm.com/how-can-i-file-my-back-taxes-we-answer-you-back-taxes-questions/) - Need help with your back taxes? We answer your questions. How many years back can I file my taxes. If I don\'t file back taxes, how long before i get my current refund. How many years can you file back taxes?
- [Support Your Favorite Non-profit and Get a Break When You File Your Taxes](https://bfscpafirm.com/support-non-profit-get-break-when-you-file-your-taxes/) - Get a tax break when you file your taxes by donating to a local 501 (c)(3) non-profit in Rockville, Montgomery Village or Silver Spring MD
- [IRS Tax Problems Lead to Levy, Lien or Audit?](https://bfscpafirm.com/intent-to-levy-or-liens-from-tax-liabilities/) - Trouble with IRS liens, or levies. IRS or state tax problems in Frederick MD. Problems with back taxes Montgomery County MD, Rockville, Baltimore , Germantown, Frederick
- [Year End Bookkeeping Services](https://bfscpafirm.com/year-end-bookkeeping-services/) - Year end bookkeeping services provided by professional bookkeepers and cpas in Fairfax County and Arlington VA, with offices in Vienna
- [How To Track The Status Of Your IRS Refund - Where Is My Refund?](https://bfscpafirm.com/how-track-status-irs-refund-where-is-my-refund/) - Here is how taxpayers can determine the present status of their tax refund: If you're wondering about the status of your tax refund, use the Where's My Refund? tool. You can access the tool easily either through the IRS2Go App or on IRS.gov. E-filed tax returns can be checked for a refund status within 24
- [2025 IRS Mileage Rate: What Business Owners Need to Know](https://bfscpafirm.com/2025-irs-mileage-rate/) - The 2025 IRS mileage rate is 70 cents per mile for business use. Learn the new rates, compare to 2024, and maximize your tax deductions this year.
- [How Do I Check When I Will Receive My Amended State Return](https://bfscpafirm.com/receive-amended-state-return/) - Learn the amended return meaning. Find out where is my amendment status return. Where can I find my amended refund? What s the amended tax return deadline.
- [Amended Tax Return Status: How to Check It & When to Call a CPA](https://bfscpafirm.com/amended-tax-return-status-how-to-check-it-when-to-call-a-cpa/) - Track your amended tax return status, understand IRS timelines, and learn when a Maryland CPA or Virginia tax advisor should step in. Get in touch today.
- [Tax Debt Statute of Limitations: What Maryland Taxpayers Need to Know](https://bfscpafirm.com/tax-debt-statute-of-limitations-what-maryland-taxpayers-need-to-know/) - Many Maryland taxpayers struggling with tax debt wonder: "Will this debt haunt me forever?" When it comes to federal tax debt, there's good news - the IRS doesn't have unlimited time to collect. However, Maryland state tax debt is a different story. Understanding these different statutes of limitations on tax debt can help you make
- [2026 IRS Mileage Rate: 72.5 Cents Per Mile for Business](https://bfscpafirm.com/2026-irs-mileage-rate/) - The IRS business standard mileage rate rises to 72.5 cents per mile for 2026, while medical and moving rates drop to 20.5 cents. Here are the 2026 rates, what changed, and how business owners can claim the deduction.
- [Expert Forensic Accounting Services | Business & Financial Solutions](https://bfscpafirm.com/forensicaccounting/) - Need forensic accountants in Frederick or Rockville! Montgomery or Frederick County Auditing? BFS can meet all your professional accounting needs!
- [Quarterly Tax Planning for Small Businesses: Your Year-Round Success Framework](https://bfscpafirm.com/quarterly-tax-planning-for-small-businesses-your-year-round-success-framework/) - Every small business owner knows that sinking feeling when tax deadlines loom and financial records are scattered across spreadsheets, receipts, and half-forgotten transactions. Yet, the most successful businesses have discovered a secret: quarterly tax planning transforms tax season from a scramble into a strategic advantage. Small businesses that implement structured quarterly tax planning save an
- [Understanding Tax Credits vs. Tax Deductions: A Frederick CPA's Guide](https://bfscpafirm.com/understanding-tax-credits-vs-tax-deductions-a-frederick-cpas-guide/) - Discover the key differences between tax credits and deductions with Maryland-specific examples. Expert guidance from BFS CPAs to maximize your tax savings.
- [2024 IRS Mileage Rate: Essential Updates for Your Business](https://bfscpafirm.com/2024-irs-mileage-rate-essential-updates-for-your-business/) - The IRS has announced the mileage reimbursement rate for 2024 IRS mileage rate: it’s 67 cents per mile for business use. This rate is crucial for businesses and self-employed individuals using personal vehicles for work, as it dictates the tax-free reimbursement they can claim. Knowing the current rate helps you plan your finances and ensure
- [Small Business Tax Mastery: Cutting Through the Complexity](https://bfscpafirm.com/small-business-tax-mastery-cutting-through-the-complexity/) - As a small business owner, mastering the art of tax filing is crucial for ensuring financial health and regulatory compliance. This guide is designed to equip you with the necessary tools and strategies to streamline your tax filing process. Through these key approaches, you can simplify the complex world of taxes, allowing you to focus
- [Real Estate CPA in Maryland: Expert Financial Guidance for Property Investors](https://bfscpafirm.com/real-estate-cpa/) - In the world of real estate, managing finances and navigating complex tax regulations can be challenging. This is where a Real Estate CPA in Maryland can be an invaluable asset. A Certified Public Accountant (CPA) specializing in real estate brings extensive knowledge and expertise to help property investors and developers achieve their financial goals. In
- [Exploring the Purpose of CPA: Key Roles and Benefits](https://bfscpafirm.com/exploring-the-purpose-of-cpa-key-roles-and-benefits/) - Uncover the significance of a CPA's role. Learn about the purpose, benefits, and vital functions that Certified Public Accountants serve in businesses and financial management.
- [Resilient Rebirth: A Roadmap for Entrepreneurs Bouncing Back from Setbacks](https://bfscpafirm.com/resilient-rebirth-a-roadmap-for-entrepreneurs-bouncing-back-from-setbacks/) - Starting a business is a journey filled with challenges, and setbacks are often part of the process. If you've faced past business failures, remember that setbacks are not roadblocks but opportunities to learn and grow. This guide, which is presented by Business & Financial Solutions below, offers valuable advice to prospective entrepreneurs who have experienced
- [Acquiring Financial Skills for Achieving Long-Term Success in Small Business](https://bfscpafirm.com/acquiring-financial-skills-for-achieving-long-term-success-in-small-business/) - Financial insight is essential for success in the competitive small business landscape, from mastering accounting basics to navigating complex tax laws. This Business & Financial Solutions guide explores vital steps to develop your financial expertise, which is crucial for making informed decisions. By deepening your understanding of economic principles, you position your venture for sustained
- [Mind Over Money: How to Master Your Financial Destiny](https://bfscpafirm.com/mind-over-money-how-to-master-your-financial-destiny/) - Achieving financial success is not just about numbers; it's deeply interconnected with your mindset. By reshaping your relationship with money, you pave the way for lasting prosperity. In this article, we will explore actionable steps and strategies to help you change your money mindset for good. Empower your financial journey with comprehensive tax and accounting
- [What is a CPA Firm? Understanding Certified Public Accountant Responsibilities](https://bfscpafirm.com/what-is-a-cpa-firm-explained/) - Delve deep into the world of CPA firms and understand the pivotal role and responsibilities of a certified public accountant. Learn what sets a CPA firm apart.
- [What Are Audited Financial Statements and Why Do They Matter?](https://bfscpafirm.com/what-are-audited-financial-statements/) - Discover the intricacies of financial statement audits in our comprehensive guide. Learn the differences between audits and reviews, their importance for businesses, and how to prepare for them. Ideal for business owners, investors, and financial professionals.
- [Digital Leap: Transforming Your Audit and Compliance Workflow](https://bfscpafirm.com/digital-leap-transforming-your-audit-and-compliance-workflow/) - In today's fast-paced business environment, maintaining compliance and streamlining audit processes are not just about adhering to regulations; they are strategic imperatives that can significantly enhance operational efficiency and corporate credibility. Transitioning from traditional methods to modernized digital approaches can dramatically transform how businesses manage audits and compliance. Here are some suggestions from Business and
- [Resilience in Action: Strategies for Surviving and Growing During Tough Times](https://bfscpafirm.com/resilience-in-action-strategies-for-surviving-and-growing-during-tough-times/) - In the face of economic uncertainty, businesses must adopt measures to ensure stability and growth. The ability to adapt and innovate becomes crucial when traditional methods falter. By focusing on strategic proposals, financial forecasting, and team alignment, companies can position themselves to withstand and even capitalize on challenging conditions. This article delves into practical strategies
- [Navigating the IRS Examination Process: What to Expect During a Tax Audit](https://bfscpafirm.com/navigating-the-irs-examination-process-what-to-expect-during-a-tax-audit/) - Learn what to expect during the IRS examination process from our tax experts. This guide covers audit types, timelines, preparation strategies, and professional tips for success.
- [Preparing for the Worst: How to Protect Your Construction Business from a Financial Downturn](https://bfscpafirm.com/preparing-for-the-worst-how-to-protect-your-construction-business-from-a-financial-downturn/) - As a construction business owner, you know that the economy can have a major impact on your business, as CHRON notes. When the economy is doing well, there is more construction work to be had. But when the economy takes a turn for the worse, as it did in 2008, construction work slows down, and
- [Precision in Planning: Strategies for Small Business Financial Projections](https://bfscpafirm.com/precision-in-planning-strategies-for-small-business-financial-projections/) - In the world of small business, predicting your financial future is akin to playing a high-stakes chess game. The challenge lies not only in understanding the current financial landscape but also in anticipating future moves that could make or break your success. Accurate financial projections are more than just a glimpse into the future; they
- [Navigating the Additional Medicare Tax in 2023: What You Need to Know](https://bfscpafirm.com/additional-medicare-tax-2023-guide/) - Explore our comprehensive guide on the Additional Medicare Tax in 2023. Learn about income thresholds, calculation methods, and its significance in funding healthcare reforms.
- [Understanding the 2023 Tax Changes: A Guide to the Increased Standard Deduction and More](https://bfscpafirm.com/2023-tax-changes-standard-deduction-guide/) - Explore our in-depth guide on the 2023 tax changes, focusing on the increased standard deduction for individuals and couples. Learn how these changes affect your taxes and get expert tips for effective financial planning. Stay informed and prepared with BFSCPA Firm's professional insights.
- [Discover If Your Rental Property Qualifies as a 'Trade or Business' for Tax Benefits](https://bfscpafirm.com/is-your-rental-property-a-qualified-trade-or-business/) - Explore the criteria that determine if your rental property is a 'Qualified Trade or Business' under Section 199A, and unlock potential tax deductions. Learn more now."
- [Do I Need an Accountant Even with QuickBooks? - Exploring Financial Insights](https://bfscpafirm.com/do-need-accountant-even-quickbooks/) - QuickBooks streamlines accounting, but do you still need an accountant? Discover the nuanced benefits an accountant brings beyond software solutions.
- [Do You Need an Accountant for a Small Business: Exploring the Benefits](https://bfscpafirm.com/do-you-need-an-accountant-for-a-small-business-exploring-the-benefits/) - As a small business owner, juggling various responsibilities is a part of daily life. One of the key aspects that can significantly impact your business's success is financial management. This raises the question: Do you need an accountant for a small business? In this article, we will delve into the benefits of having a professional
- [Starting a 501(c)(3)](https://bfscpafirm.com/what-is-a-501c3/) - Learn how to start a 501(c)(3) nonprofit organization with expert guidance from Business & Financial Solutions. Explore the 501(c)(3) determination letter and the importance of 501-c declaration of directors and officers.
- [Capital Gains Tax MD-VA-DC Residents](https://bfscpafirm.com/planning-capital-gain-tax-md-va-dc/) - Learn all about capital gains tax for MD, VA, and DC residents. Explore strategies to defer capital gains tax and understand the implications of capital gains tax on commercial property. Get expert insights to optimize your tax planning.
- [Understanding the Consequences of Past Due Tax Returns: What You Need to Know](https://bfscpafirm.com/understanding-the-consequences-of-past-due-tax-returns-what-you-need-to-know/) - Fulfilling your tax obligations is crucial to maintaining financial compliance and peace of mind. However, life can sometimes get in the way, leading to the unintentional neglect of filing tax returns on time. In this blog post, we will explore the consequences of past due tax returns, discuss the importance of seeking tax help, and
- [IRS Guidance on How to Claim the Employee Retention Credit for 2020](https://bfscpafirm.com/irs-guidance-on-how-to-claim-the-employee-retention-credit-for-2020/) - Covid-19 has affected many people, and because there was a need for support to the affected, the Taxpayer Certainty and Disaster Tax Relief Act was made a law on 27th December 2020. Section 206 of this Act grants an employer to take the employee retention credit regardless of whether they had received a protection program
- [Selecting A Year-Round Tax Service Is Better Than Seasonal Firms](https://bfscpafirm.com/selecting-a-year-round-tax-service-is-better-than-seasonal-firms/) - Why Selecting a Year-round Tax Services Company is better than a seasonal tax firm like Liberty Tax and H&R Block
- [Tax Resources For Military Members and Their Families](https://bfscpafirm.com/tax-resources-for-military-members-and-their-families/) - The IRS provides many resources to help military members, veterans, and their families file their taxes. Military filing can be complicated, so there is help out there. If you need tax help from a local expert contact us today. Here is a list of some helpful resources. There is a section on irs.gov that will
- [Treasury and IRS begin delivering second round of Economic Impact Payments to millions of Americans](https://bfscpafirm.com/treasury-and-irs-begin-delivering-second-round-of-economic-impact-payments-to-millions-of-americans/) - WASHINGTON – Today, the Internal Revenue Service and the Treasury Department will begin delivering a second round of Economic Impact Payments as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 to millions of Americans who received the first round of payments earlier this year.The initial direct deposit payments may begin arriving
- [Understanding Tax Credits and Deductions](https://bfscpafirm.com/tax-credits-for-frederick-county-md-residents/) - You may qualify for tax credits. As a general rule, deductions make the most sense for items that represent reductions in the ability to pay income taxes
- [Delinquent Tax Debt May Restrict Passport](https://bfscpafirm.com/delinquent-tax-debt-may-cause-passport-restriction/) - Tax debt does not have to cause restrictions to your passport. Business & Financial Solutions can help you navigate through IRS issues
- [Red Flags That Might Prompt an IRS Audit](https://bfscpafirm.com/red-flags-that-might-prompt-an-irs-audit/) - Prevent unnecessary IRS audits. Business & Financial Solutions will help you avoid IRS audit flags, where deductions are commonly abused
- [Internal Revenue Service Cracking Down on Payroll Services](https://bfscpafirm.com/internal-revenue-service-cracking-down-on-payroll-services/) - Business & Financial Solutions. We can help you with options, best practices and consultation for the best course of action with your payroll services.
- [Form SS-8 May Help Solve Problems with IRS](https://bfscpafirm.com/form-ss-8-may-help-solve-problems-with-irs/) - Form SS-8 is used to file a complaint, in order to solve problems with IRS as a result a misclassification of work status during employment
- [Costly Tax Mistakes That Individuals Make](https://bfscpafirm.com/costly-tax-mistakes-that-individuals-make/) - To avoid these costly tax mistakes, ask your tax professional about the cost of comparing the options of filing your return separately and jointly
- [Delays In Refunds For Upcoming Income Tax Filings](https://bfscpafirm.com/delays-in-refunds-for-upcoming-income-tax-filings/) - IRS to hold refunds for early income tax filing with Earned Income Tax Credit and Additional Child Tax Credit. Call (855) 557-2222 for free consultation
- [Dealing With the IRS and Tax Resolutions](https://bfscpafirm.com/dealing-with-the-irs-and-tax-resolutions/) - Qualified enrolled agents and CPAs to represent businesses and individuals when dealing with the IRS, and assist you with tax resolutions
- [Small Businesses Are the Big Companies of Tomorrow](https://bfscpafirm.com/small-businesses-are-the-big-companies-of-tomorrow/) - Most successful businesses stick to their trades and hire companies like Business & Financial Solutions for their small business taxes and accounting needs
- [IRS Innocent Spouse Relief](https://bfscpafirm.com/innocent-spouse-relief/) - Ethical and real options, which address your tax debt owed to the IRS and various states, including innocent spouse relief
- [Insolvency and IRS Form 1099C Cancellation of Debt](https://bfscpafirm.com/insolvency-and-irs-form-1099c-cancellation-of-debt/) - Maryland tax help with Insolvency, IRS forms 1099-C and 982, Cancellation of Debt, Tax Preparation for Rockville MD, College Park, Takoma
- [Revenue Recognition-Real Estate and Construction Accounting](https://bfscpafirm.com/revenue-recognition-lease-issues-real-estate-and-construction/) - Real estate and construction businesses should review financial accounting methods to match changes in Revenue Recognition and Lease Issues
- [Negotiating with the IRS - Back Taxes Owed](https://bfscpafirm.com/negotiating-with-the-irs/) - Learn the secrets of negotiating with the IRS from the experts in Vienna Virginia; the alternatives to being mistreated for back taxes owed
- [Tax Preparers Versus Accountants](https://bfscpafirm.com/taxpreparersversusaccountants/) - Want to know the differences between accountants vs. tax preparers. The contrast can be night and day. Call Business & Financial Solutions (855) 557-2222
- [4 Things to Understand if You’re Having Tax Problems with the IRS](https://bfscpafirm.com/4-things-to-understand-if-youre-having-problems-with-the-irs/) - Tax solutions fast near Frederick MD. We help solve tax problems with the IRS. Call Business and Financial Solutions at 855-557-2222 now!
- [Am I My Book's Keeper: Bookkeeping Professionals for your Business](https://bfscpafirm.com/am-i-my-books-keeper-bookkeeping-professionals-for-your-business/) - Don't pay extra for bookkeeping professionals when your business can have quality services to ease your burden in Virginia and everywhere else!
- [The Saver’s Credit—a Not So Hidden Trick to Wealth-Building](https://bfscpafirm.com/the-savers-credit-a-not-so-hidden-trick-to-wealth-building/) - Optimize your finances by utilizing the retirement savings tax credit in Vienna Virginia and see how BFS can point you towards tax savings.
- [Starting a Nonprofit? Not So Fast...](https://bfscpafirm.com/starting-a-nonprofit-not-so-fast/) - Talk with the experts about help with starting a nonprofit, setting up your 501(c)(3) and get your organization off the ground. Call BFS at 855-557-2222
- [Easy Accounting for Small Business Owners in the Automotive Industry](https://bfscpafirm.com/easy-accounting-for-small-business-owners-automotive-industry/) - Accounting for small business owners in the automotive industry in Frederick MD, Rockville and Vienna VA. Call BFS at 855-557-2222
- [A Fresh Start With The IRS](https://bfscpafirm.com/a-fresh-start-with-the-irs/) - Vienna accounting firm for back tax solution. Let our tax preparers show you the benefits of the IRS Fresh Start program. Call BFS at 855-557-2222
- [Get Help Amending a Tax Return](https://bfscpafirm.com/get-help-amending-a-tax-return/) - The best firm for your amended tax prep. We keep you in the green and out of trouble with the IRS; The easy way to fix taxes, call BFS at 855-557-2222
- [Tackling the Program Requirements for 8(A) Certification](https://bfscpafirm.com/tackling-the-program-requirements-for-8a-certification/) - Learn how small minority business owners in Montgomery County and across the country are discovering the benefits of obtaining 8(A) certification.
- [On Developing a Customized Business Plan...](https://bfscpafirm.com/on-developing-a-customized-business-plan/) - With offices in Frederick MD, Rockville, and Vienna VA, BFS works with clients for the highest quality customized business plan development
- [What Tax Software Companies Hope you Don't Realize...](https://bfscpafirm.com/what-tax-software-companies-hope-you-dont-realize/) - Benefits & hidden dangers of Tax Software may result in back taxes. Get professional tax solutions in Columbia MD, Rockville, Bethesda
- [It Is Better To Give... Less to the IRS](https://bfscpafirm.com/it-is-better-to-give-less-to-the-irs/) - Realizing the need for quality financial adviser to maximize my tax refund amounts... Cal Business & Financial Solutions at 855-557-2222 today!
- [Should I Use Free Tax Preparation Services?](https://bfscpafirm.com/should-i-use-free-tax-preparation-services/) - Are free tax preparation services near Frederick, Rockville MD and Vienna VA right for you? There are programs available but are they worth it?
- [Does your small business need a “Virtual CFO”?](https://bfscpafirm.com/does-your-small-business-need-a-virtual-cfo/) - Frederick, MD residents learn how virtual CFO and accountant help gain benefits of CFO without the cost. Serving Mt Airy, Urbana, Hagerstown
- [7 Reminders When Filing Your Business Taxes](https://bfscpafirm.com/7-reminders-when-filing-your-business-taxes/) - Quick tips from Business and Financial Solutions when filing your business taxes. Offices in Rockville, Frederick MD, and Vienna VA. Call 855-557-2222
- [IRS Lien or Levy and How to Dodge Them Both](https://bfscpafirm.com/irs-liens-and-levies-and-how-to-dodge-them-both/) - Frederick, Myersville, Hagerstown MD residents learn how Business Financial Solutions tax experts help with IRS lien, levy, or qualify for OIC
- [Reducing the Tax Burden on your Business](https://bfscpafirm.com/reducing-the-tax-burden-on-your-business/) - An established Vienna accounting firm, with professional tax preparers, reducing business taxes for clients in Arlington VA, Westover, Washington DC
- [The Pros and Cons of Outsourcing Accounting Support – a small business perspective](https://bfscpafirm.com/the-pros-and-cons-of-outsourcing-accounting-support-a-small-business-perspective/) - Bookkeeping Services from outsourced accounting firm in Rockville MD for small businesses and non-profits in Derwood, Bethesda
- [The Easy Way to Get Help Updating Your QuickBooks Files](https://bfscpafirm.com/the-easy-way-to-get-help-updating-your-quickbooks-files/) - Business accounting firm offers QuickBooks help for Frederick MD, Hagerstown Mt. Airy, Buckeystown, Urbana. Call 855-557-2222 for free consultation
- [Facing an IRS Tax Audit?](https://bfscpafirm.com/facing-an-irs-tax-audit/) - Are you facing an IRS audit in VA, MD, DC? Get help from a tax expert at Business & Financial Solutions for a free consultation at 855-557-2222.
- ['What do I do if I missed the tax deadline?'](https://bfscpafirm.com/what-do-i-do-if-i-missed-the-tax-deadline/) - Tax Preparers explain what to do if you miss the tax deadline. Vienna VA, Tysons and Spotsylvania residents, you can file your taxes here. Call 855-557-2222
- [Should (and can) my Business get 8(a) Certified?](https://bfscpafirm.com/should-and-can-my-business-get-8a-certified/) - Consultants explain the SBA 8(a) certification, and program benefits for minority owned small business in Rockville, Wheaton, Olney MD
- [Accounting Versus Bookkeeping](https://bfscpafirm.com/accounting-versus-bookkeeping/) - An interesting question, accounting versus bookkeeping? Get help from the firm that meets all your accounting and tax preparation needs. Call 855-557-2222
- [Maryland Amnesty Program Throws Citizens a Break](https://bfscpafirm.com/maryland-amnesty-program-throws-citizens-a-break/) - The 2015 Maryland Tax Amnesty Program and find out how you could find tax debt relief in the state by acting now - Rockville, Montgomery, Bowie.
- [Psychology of the Con: Why IRS Scammers Are Successful Stealing Your Money](https://bfscpafirm.com/the-psychology-of-the-con-why-irs-scammers-are-successful-at-stealing-your-money/) - Learn to defend yourself against IRS scams. Find out if you really owe the IRS a tax debt or money; serving Rockville, Germantown, Silver Spring MD
- [The Dangers of Starting a Nonprofit by Yourself](https://bfscpafirm.com/the-dangers-of-starting-a-nonprofit-by-yourself/) - When looking at starting a nonprofit, you need to have the right CPA firm and accounting team. Services in Rockville MD, Wheaton, College Park.
- [Selecting the Best Accounting Firm for your Small Business](https://bfscpafirm.com/selecting-the-best-accounting-firm-for-your-small-business/) - Have the right professional accounting firm for small business in your corner Call Business & Financial Solutions at 855-557-2222.
- [Three Reasons a Payment Plan Might be the Best Way to Deal with IRS Debt](https://bfscpafirm.com/three-reasons-a-payment-plan-might-be-the-best-way-to-deal-with-government-debt/) - If you owe back taxes a payment plan for IRS tax debt may be an option. Our firm offers services throughout Northern Virginia. Call 855-557-2222
- [At-Risk Groups Targeted by the IRS](https://bfscpafirm.com/at-risk-groups-targeted-by-the-irs/) - If you are being audited by the IRS for back taxes, then we\'re the tax professionals you want to hire. Call Business & Financial Solutions at 855-557-2222
- [How Far Back Can You Amend Tax Returns?](https://bfscpafirm.com/how-far-back-amend-tax-returns/) - How far back can you amend tax returns? We help resolve issues with back taxes with the Internal Revenue Service and your state.
- [How To Start a Business, The Basics](https://bfscpafirm.com/start-a-business/) - Start a business in Maryland or Virginia. Our CPAs, accountants and consultants make SBA 8(a) certification, MWBE, and minority owned programs simple.
- [Young Adults and Contractor Tax Issues](https://bfscpafirm.com/teens-and-subcontractor-tax-issues/) - Tax accounting firm helps with IRS related contractor tax issues in Silver Spring MD, Rockville and Bethesda Call 855-557-2222 for help today!
- [Filing the Estate Income Tax Return](https://bfscpafirm.com/u-s-income-tax-return-for-estates-and-trusts/) - Who should file form 1041 in Frederick or Rockville MD? U.S. Income Tax Return Estates and Trusts in Washington DC, the Greater Baltimore Area, Fairfax VA, Northern Virginia, all the continental United States.
- [Tax Preparation for Foreign Pension](https://bfscpafirm.com/tax-preparer-for-foreign-pensions-annuity-fort-detrick-frederick/) - Do you need help with taxation on foreign pensions and annuities? Our tax prepares are experienced in this matter. We assists those clients in Fort Detrick MD, Frederick, Rockville, New York NY and Ballenger Creek with tax complications.
- [Tax Negotiations With the IRS](https://bfscpafirm.com/irs-tax-negotiation-services-in-rockville/) - Income taxes and other tax debts may be resolved through negotiations through Offer In Compromise Program (OIC) in Frederick & Rockville MD.
- [Amend Your Tax Returns DC/MD/VA](https://bfscpafirm.com/amended-tax-returns-washington-dc/) - Professional tax services. When to File Amended Tax Returns in Washington DC? Arlington VA and Alexandria VA residents may also have reasons to re-file with the IRS or state entities.
- [Tax Settlements](https://bfscpafirm.com/tax-settlements/) - Have back taxes, or problems with liens or levies with the IRS or your state? Need help with Unfiled returns or tax settlements in Frederick MD? We negotiate settlements in Urbana, Frederick, Damascus and Northern Virginia.
- [Tax Debt and IRS Garnishments](https://bfscpafirm.com/tax-liabilities/) - Consultants for tax liabilities, Garnishments and tax debts in Rockville, Damascus, Frederick, Germantown in MD/VA/DC. Back taxes as result of an audit? We can help!
- [Back Taxes & Offer in Compromise Program](https://bfscpafirm.com/taxes-offer-in-compromise/) - Offer In Compromise (OIC) help for Fredericksburg VA to Germantown MD. Tax settlements throughout Washington DC Area, Maryland and Virginia.
- [A Simple User Guide to Grant Revenue Recognition for Nonprofits](https://bfscpafirm.com/a-simple-guide-to-grant-revenue-recognition-for-nonprofits/) - We review the new grant revenue recognition standard for not-for-profits. We look at the grant accounting basics to help your nonprofit.
- [How To Spend My Grant Money. How To Account For Spending The Funds](https://bfscpafirm.com/how-to-spend-my-grant-money-how-to-account-for-spending-the-funds/) - What can I spend grant funds on? How do I account for it? We show you how to use your grant money. Can grants be used for anything? Keeping track for the IRS.
- [SBA Clears Up Confusion Over PPP Forgiveness Application Due Date](https://bfscpafirm.com/sba-clears-up-confusion-over-ppp-forgiveness-application-due-date/) - People no longer have to wonder when the PPP forgiveness application is due. Thankfully, the SBA eliminated any and all hints of uncertainty.
- [Deferral of Employee Social Security Tax](https://bfscpafirm.com/deferral-of-employee-social-security-tax/) - On 28th August 2020, Treasury Guidance made public the Deferral of Employee Social Security Tax. The promulgated Treasury Notice 2020-65 by the Internal Revenue Service (IRS) and Treasury Department allows employers to defer holding back and payment of Social Security tax for all workers with bi-weekly wages below $4,000 or other equal figures subject to
- [Unemployment Compensation Is Taxable, Avoid Year-End Surprise](https://bfscpafirm.com/unemployment-compensation-is-taxable-avoid-year-end-surprise/) - Millions of Americans are now receiving unemployment compensation, and many of these would have never claimed this benefit before. The IRS has issued a reminder that this benefit is taxable and that people can have money withheld from the payments they receive now to avoid a bigger bill when they file their tax return for
- [Temporary Changes Regarding Charitable Contributions For 2020](https://bfscpafirm.com/temporary-changes-regarding-charitable-contributions-for-2020/) - In 2020, individuals and businesses can take advantage of temporary changes regarding charitable contributions. Individuals can deduct qualified contributions of up to 100 percent of their adjusted gross income in 2020. Corporations can deduct qualified contributions of up to 25 percent of their taxable income. Any contributions exceeding that amount can carry over to the
- [Guidance And What’s New After The Pandemic](https://bfscpafirm.com/guidance-and-whats-new-after-the-pandemic/) - A variety of changes are underway for individuals and businesses as a result of the pandemic. We hope that this page will help you understand some of the changes, and how they might affect you. Here, you will find links to articles that might be helpful. Employers – Sick and Family Leave Reporting Employers will
- [Coronavirus Stimulus - Relief For Small Businesses, Families In Maryland](https://bfscpafirm.com/coronavirus-stimulus-package-relief-for-small-businesses-in-maryland/) - Get Your Stimulus Check Faster, Maryland Temporary Waiver of Premium Payments, COVID-19 Relief for Student Loan, Resiliency grant offered to Frederick Maryland
- [What Is The Difference Between An Accountant And A CPA](https://bfscpafirm.com/difference-between-accountant-cpa/) - An accountant and a CPA are experts in the financial realm. However, they differ in some aspects that set them apart. Can you pan out the differences between the two professionals? Don’t worry since we’ve compiled some unique features that make them distinct. Read on to get more insights about their variation. Licensing For starters,
- [Organizations That Can Revoke An Individual To Practice As A CPA](https://bfscpafirm.com/organizations-that-can-revoke-an-individual-to-practice-as-a-cpa/) - Which of the following organizations can revoke the right of an individual to practice as a CPA.
- [Financial Planning to Protect Individuals With Disabilities and Their Families](https://bfscpafirm.com/financial-planning-to-protect-individuals-with-disabilities-and-their-families/) - Having the right insurance coverage is one way we can all protect our financial assets. With insurance, you’re largely protecting yourself against the unknown. However, for individuals living with disabilities, smart financial planning also includes preparing for the long-term costs you know you will face later in life. Protecting Your Family Adults with disabilities
- [What Is SBA 8a Certification, What Are the Benefits Of It and Costs](https://bfscpafirm.com/what-is-sba-8a-certification-what-are-the-benefits-of-it-and-costs/) - Learn what is an SBA 8a certification. Find about the benefits of an 8a certification. What are the costs associated with getting a certification?
- [Hire My Child As An Independent Contractor, Employed By Parent](https://bfscpafirm.com/hire-child-contractor-employed-parent/) - Can i hire my child as an independent contractor? Tax reasons to hire your child. A child employed by parents. Paying family members who do not work.
- [How Are Trusts Taxed For Income Tax Purposes](https://bfscpafirm.com/how-are-trusts-taxed-for-income-tax-purposes/) - What are the tax consequences of trusts? What are some trust allowable tax deductions? Find out how a trust can cut taxes.
- [What Is A Tax Preparer And Tips On How To Choose One](https://bfscpafirm.com/what-is-a-tax-preparer/) - How to choose a tax preparer. What is certified tax preparer vs cpa. Tips for choosing a tax preparer.
- [Where To Go To Start A Business, Business Startup Help You Need](https://bfscpafirm.com/business-startup-help-you-need/) - Looking for business startup help? Want to start your own business? Where do you go to start a business? Business startup help can make your idea come alive.
- [What Is The IRS Mileage Rate For 2018](https://bfscpafirm.com/what-is-the-irs-mileage-rate-for-2018/) - IRS mileage rate change in 2018. What is the mileage reimbursement? What are the standard and federal rates?
- [Tax Experts Weigh In on Potential Tax Overhaul](https://bfscpafirm.com/tax-experts-weigh-in-on-potential-tax-overhaul/) - Tax experts from across the US give their take on a potential tax overhaul. How will it affect their business and what impact will it have on their clients.
- [How Do I Find Good Tax Experts Near Me](https://bfscpafirm.com/how-do-i-find-good-tax-experts-near-me/) - Tax experts can be found several ways. But what are the keys to look for and where do you look. We have some of the best tax experts in Maryland and Virginia.
- [How Bookkeeping Services Can Improve Your Small Business. What Do Bookkeepers Do?](https://bfscpafirm.com/how-bookkeeping-services-can-improve-your-small-business/) - What do bookkeepers do for small business? Learn our tips on how to find the right one. How a bookkeeping service help improve your small business bottom line.
- [Pay Someone To Write A Business Plan, The Benefits Of Using A Firm](https://bfscpafirm.com/pay-someone-to-write-a-business-plan-benefits-of-a-firm/) - Find out the benefits of paying someone to write your business plan. A new business needs a plan. Is it better to write a business plan yourself or pay a firm.
- [Law Firm Bookkeeping, A Simple Guide to Finding The Best Accounting Firm](https://bfscpafirm.com/law-firm-bookkeeping-guide-to-finding-best-accounting-firm/) - Follow our lawyer bookkeeping guide. We review law firm accounting procedures. What you need to look for in bookkeeping services for law firms.
- [What Is The IRS Fresh Start Tax Program? Getting IRS Back Tax Help](https://bfscpafirm.com/what-is-the-fresh-start-tax-program-irs-back-tax-help/) - We introduce you to the IRS's fresh start tax program. If you owe back taxes to the IRS, the Fresh Start Program may help improve your IRS tax situation.
- [What To Look For In A Business Plan Consultant, What Is The Writer Fee](https://bfscpafirm.com/what-to-look-for-in-a-business-plan-consultant-writer-fee/) - Need a professional business plan writer? Find out what to look for in professional business plan writing services. Best business plan consultant fee.
- [What is the best method for a college student to prepare his or her taxes](https://bfscpafirm.com/what-is-the-best-method-for-a-college-student-to-prepare-his-or-her-taxes/) - Your college student has to pay taxes. Get help with your college student filing taxes. How it impacts parents? Learn how to prepare and what you need to know.
- [Top 10 Things To Look For In Your Tax Preparer](https://bfscpafirm.com/top-10-things-to-look-for-in-your-tax-preparer/) - Tax preparation is critical to your small business or personal taxes. Tax preparers can help filing your income taxes easy. Read our top 10 things to look for.
- [Tax Services & IRS Negotiations](https://bfscpafirm.com/tax-services/) - Learn more about tax services in Frederick and Rockville MD. Firm solves business tax problems in Virginia and Maryland. Consultants help with back taxes, tax problems

## Pages

- [Homepage](https://bfscpafirm.com/) - Business & Financial Solutions is a Maryland-licensed CPA firm offering accounting, bookkeeping, payroll & tax planning across Maryland and Virginia.
- [Rockville Maryland Name One Of The Best Places To Live](https://bfscpafirm.com/rockville-maryland-best-places-to-live/) - Rockville MD was named by MONEY as one of the top places to live in the United States. Find out what makes Rockville Maryland such a great place to live.
- [Top 10 Things To Do In Rockville Maryland](https://bfscpafirm.com/top-10-things-to-do-in-rockville-maryland/) - You live in Rockville MD and are looking for things to do? We list Top 10 things, from shopping, restaurants, events, nightlife, and parks in Rockville Maryland
- [12 Tax Tips For People Living In Frederick Maryland](https://bfscpafirm.com/tax-tips-frederick-maryland/) - Read our tax tips for 2018. We have tax tips for homeowners. How to get credits and deductions.
- [Free Tax Consultation From A Trusted Plano TX CPA Firm](https://bfscpafirm.com/tax-consultation-tx/) - Get a free tax consultation from a trusted Plano TX CPA firm. Tax preparation, bookkeeping & IRS help since 2002. Office on E Park Blvd, Plano. Call today.
- [Free Tax Consultation - Tax & Accounting Experts In McLean VA](https://bfscpafirm.com/tax-consultation-va/) - Get a free tax consultation at our McLean VA office. Tax preparation, bookkeeping & IRS help since 2002. Serving Tysons & Fairfax County. Call today.
- [About Us](https://bfscpafirm.com/about-tax-accounting-firm/) - About Business & Financial Solutions - a Maryland-licensed CPA firm since 2002, with offices in Maryland, Virginia and Texas. Your success is our mission.
- [Bethesda MD CPA | Tax Planning & Accounting Services | BFS](https://bfscpafirm.com/bethesda-md/) - CPA Firm Serving Bethesda, Maryland Bethesda is one of Maryland's most affluent communities, with a concentration of medical professionals, attorneys, consultants, and business owners who face complex tax and financial planning situations. If you live or work in Bethesda and need a CPA who understands high-income tax strategies, multi-state filing requirements, and the nuances of
- [Tax & Accounting Services for Fairfax County, Virginia](https://bfscpafirm.com/fairfax-virginia/) - Tax preparation, accounting & business advisory for Fairfax County VA - Tysons, McLean, Vienna, Reston & Fairfax City. A Maryland-licensed CPA firm.
- [Contact Us](https://bfscpafirm.com/contact-business-and-financial-solutions/) - Reach our CPA team in Virginia & Maryland. Call or book a consultation for accounting, bookkeeping, and tax services.
- [Privacy Policy for Business & Financial Solutions](https://bfscpafirm.com/privacy-policy/) - At Business & Financial Solutions, we are committed to protecting the privacy and confidentiality of our clients' personal and financial information. This Privacy Policy outlines how we collect, use, disclose, and safeguard your information. Information We Collect Personal information such as your name, address, phone number, and email address Financial information including income, expenses, assets,
- [Blog](https://bfscpafirm.com/tax-preparation-and-accounting-firm-blog/) - Business and Financial Solutions Blog - currently serving Washington DC, Maryland and Northern Virginia.
- [What is Tysons Corner Mall, How Can It Help Your Business](https://bfscpafirm.com/what-is-tysons-corner-mall/) - We look at Tysons Corner history from farmland to mega mall. Things to do in Tysons Corner at night. How the Tysons Corner Mall can help your local business.
- [History Of Plano Texas, Top 5 Things To Do In Plano Texas](https://bfscpafirm.com/history-of-plano-texas-top-5-things-to-do-in-plano-texas/) - Plano, Texas, is a suburban city in the northern Dallas-Fort Worth metropolitan area. The history of Plano dates back to the 1840s when the area was part of a land grant to settlers from the Peters Colony. The city was officially incorporated in 1873 and has grown into a thriving community with a rich cultural
- [10 Things Every Frederick Business Owner Should Know](https://bfscpafirm.com/10-things-frederick-business/) - Frederick, Maryland is a growing business community. We list ten things that the local business owner should know about the Frederick surrounding area. An introduction to the Fredrick, Maryland business area. If you're reading this, you're probably a business owner in the Frederick, Maryland area. It can be difficult to learn about your surroundings and
- [1099 Help](https://bfscpafirm.com/1099-help/) - 1099 Tax Preparation Help Confused about how to file your 1099 on your tax return? Examples of common types of 1099 forms Each different type of 1099 may be taxed differently. I will go through a few examples: 1099-B from brokerages: These are normally for passive investments or active trading and produce capital gains. There
- [Careers](https://bfscpafirm.com/careers/) - Accountant/CPA? You may qualify for current, or future job positions Frederick MD and Rockville MD Locations. Current employment opportunities include enrolled agent and CPA/Tax Accountant.
- [10 Things Every Business Owner Should Know About McLean Va](https://bfscpafirm.com/10-thing-business-owner-mclean-va/) - From where is the nearest airport, to the population. We break down the cost of living, tax rate, and real estate market. Also, things to do in Mclean Va.

## Offices

- [Maryland-Licensed CPA Firm Serving McLean & Northern Virginia](https://bfscpafirm.com/location/mclean-virginia-office/) - Tax planning, accounting & business advisory for McLean, Tysons & Northern Virginia. A Maryland-licensed CPA firm. Call (855) 557-2222.
- [Plano Texas Office](https://bfscpafirm.com/location/plano-texas-office/) - Accounting, bookkeeping & business tax services for Plano, TX companies. Talk to a local CPA — free initial consultation.
- [Frederick Maryland Office](https://bfscpafirm.com/location/cpa-frederick-md/) - Frederick MD accounting firm providing tax, bookkeeping & business services. Locally owned. Contact us for a free consultation.
- [Rockville Maryland Office](https://bfscpafirm.com/location/rockville-maryland-office/) - Rockville MD CPA firm specializing in tax preparation, bookkeeping & business advisory. Serving Montgomery County. Call for a free consultation.

## HP Slides

- [Larry Simmons, Founder of Business & Financial Solutions](https://bfscpafirm.com/slides/larry-simmons-founder-of-business-financial-solutions/)
- [Money](https://bfscpafirm.com/slides/money/)
- [Slide Captions](https://bfscpafirm.com/slides/slide/)
- [Clean & Elegant](https://bfscpafirm.com/slides/slide-2/)

## HP Highlights

- [Specialized Accounting](https://bfscpafirm.com/hp-highlights/specialized-accounting-services/) - Our specialists will meticulously and tirelessly scour financial data to aid with dispute resolution. We have specialists as yet another attribute to our comprehensive team. More About Forensic CPA Accounting >>
- [Non-Profit Organizations](https://bfscpafirm.com/hp-highlights/non-profit-organizations/) - BFS provides non-profit CPA accounting & prepares and files 501(c)3 applications for MD non-profit organizations, as well as other states throughout the country. 501(c)3 >>
- [Specialized Frederick Tax Solutions](https://bfscpafirm.com/hp-highlights/specialized-tax-solutions/) - Tax debt can be unsettling and overwhelming and settling yours can seem like one hoop after another. Let us help you to get back on track the correct way. Tax Negotiations >>
- [Accounting & Bookkeeping](https://bfscpafirm.com/hp-highlights/accounting-bookkeeping/) - We have a full range of accounting bookkeeping services available to help your business needs in Frederick, Rockville MD. Focus your attention on your work skills and rely on us. How Can We Help >>
- [Frederick Tax Preparation Services](https://bfscpafirm.com/hp-highlights/tax-services/) - Maximize your tax deductions and lower your tax debt with our accountants are experienced individual and business tax preparers and negotiators. Get Tax Help >>
- [Business Start-up Services](https://bfscpafirm.com/hp-highlights/business-start-ups/) - Turning dreams into reality is no small accomplishment. If you’re ready for that challenge, we are here to make sure you succeed with our proven services. Discover More >>
- [Business Management](https://bfscpafirm.com/hp-highlights/business-management/) - We provide strong leadership and guidance. Our firm has the experience that will launch a new business, or improve the operations of an existing one. Manage Your Business >>

## Services

- [Tax Help](https://bfscpafirm.com/services/tax-help/) - IRS audit defense & tax problem resolution in MD, VA & TX. Back taxes, levies & liens resolved. Former IRS experience. Call (855) 557-2222
- [Professional Tax Services](https://bfscpafirm.com/services/tax-services/) - Professional tax preparation for individuals and businesses in MD, VA & TX. Maximize deductions and minimize liability. Contact BFS CPAs today.
- [Accounting and Bookkeeping Services](https://bfscpafirm.com/services/accounting-bookkeeping/) - Accounting and Bookkeeping Services Near Me: Your Local Financial Experts Are you searching for reliable "accounting and bookkeeping services near me"? Look no further! Business & Financial Solutions (BFS) offers top-notch financial services right in your neighborhood. With over two decades of experience serving businesses throughout Washington DC, Maryland, and Virginia, we're your go-to local
- [Expert Construction Accounting Firm: Specialized Financial Services for Builders & Contractors](https://bfscpafirm.com/services/construction-accounting-firm/) - Construction accounting in MD, VA & TX. Job costing, WIP reports, bonding support and contractor tax services. Call BFS at (855) 557-2222.
- [Professional Business Plan & Content Writing Services](https://bfscpafirm.com/services/professional-content-business-plan-writers/) - Professional business plan writers & financial projections in MD, VA & TX. SBA-compliant, investor-ready plans. Get funded: (855) 557-2222
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