VG CPA PC- Certified Public Accountant

01/01/2022

New Year is not about changing the dates but Direction, it's not about changing the calendar but Commitment, it's not about changing the actions but Attitude.
Happy New Year! Welcome 2022!

12/25/2021

May the spirit of Christmas infuse your life and that of your family members with warmth, hope, positivity and joy!
Merry Christmas and Happy Holidays!

11/11/2021

With Respect, Honor and Gratitude.

Thank You Veterans!

10/31/2021

Wishing you a fun filled Happy Halloween!

10/11/2021

Happy Columbus Day!

10/01/2021

Employee Retention Tax Credit

ERTC - Employee Retention Tax Credit

09/30/2021

www.facebook.com

www.facebook.com

09/24/2021

Are Donations and Goodwill costs allowable under FAR 31.205-8 and FAR 31.205-49 respectively?

Are Donations and Goodwill costs allowable under FAR 31.205-8 and FAR 31.205-49 respectively?

09/17/2021

Are Bad Debts and Contingency Costs allowable under FAR 31.205-3 and FAR 31.205-7 respectively?

Are Bad Debts and Contingency Costs allowable under FAR 31.205-3 and FAR 31.205-7 respectively?

09/10/2021

Are Precontract Costs allowable under FAR 31.205-32?

Are Precontract Costs allowable under FAR 31.205-32?

09/03/2021

Are Legal and other Proceedings Cost allowable under FAR 31.205-47?

Are Legal and other Proceedings Cost allowable under FAR 31.205-47?

08/27/2021

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Are Travel Costs allowable under FAR 31.205-46?

08/23/2021

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Are Interest Expenses and other Financial Costs allowable under FAR 31.205-20?

08/16/2021

Can Fines & Penalty Costs be deemed allowable under FAR 31.205-15?

Can Fines & Penalty Costs be deemed allowable under FAR 31.205-15?

08/06/2021

Is Entertainment Cost allowable under FAR 31.205-14?

Is Entertainment Cost allowable under FAR 31.205-14?

07/30/2021

Unallowable Costs under FAR (Federal Acquisition Regulations)

Unallowable Costs under FAR (Federal Acquisition Regulations)

07/28/2021

DCAA Accounting Compliance for IT and Software Companies

07/28/2021

07/28/2021

VG CPA PC- Certified Public Accountant updated their business hours.

VG CPA PC- Certified Public Accountant updated their business hours.

07/28/2021

DCAA Accounting Compliance for Software & Information Development Companies

DCAA Accounting Compliance for Software & Information Development Companies

01/11/2020

TIPS FOR COUNTY BPOL TAX AUDITS

We saw many of the business owners received county BPOL (Business License) tax audit in December 2019 (Audit Letters still keep coming) . Well planned audit preparations and reading of Gross receipts Exclusions can save lot of money. Here are the some tips and example of exclusions. .

- Any amount paid for computer hardware and software that are sold to a United States federal or state government

- Any receipts attributable to business conducted in another state or foreign country in which the taxpayer (or its shareholders, partners or members in lieu of the taxpayer) is liable for an income or other tax based upon income.

- Salary and wages paid by staffing firm for temporary staffing to other organisations

List of exclusion are tricky and well planned audit can save lot of money Pl read all BPOL regulations and planned accordingly.

Non planned audit can cost you lot of money

11/15/2019

Tax Preparer/Accountant Job in Ashburn, VA at VG CPA PC

Tax Preparer/Accountant Job in Ashburn, VA at VG CPA PC

Easy 1-Click Apply (VG CPA PC) Tax Preparer/Accountant job in Ashburn, VA. View job description, responsibilities and qualifications. See if you qualify!

03/25/2019

IRS Expands Penalty Waiver From 85 to Lowered 80 Percent Threshold

Announced Friday, March 22, 2019: The Internal Revenue Service provided additional expanded penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.

The IRS is lowering to 80 percent the threshold required to qualify for this relief. Under the relief originally announced Jan. 16, the threshold was 85 percent.

The usual percentage threshold is 90 percent to avoid a penalty (indicated in Publication 17).

Taxpayers who have already filed for tax year 2018 but qualify for this expanded relief may claim a refund by filing Form 843, Claim for Refund and Request for Abatement and include the statement “80% Waiver of estimated tax penalty” on Line 7. This form cannot be filed electronically.

11/19/2018

CPA GARG OCT 27 2018

CPA GARG OCT 27 2018

Description

11/17/2018

January 13

January 13 2018

11/17/2018

Jan 20 2018

Jan 20 2018

11/17/2018

Oct 20

Oct 20

11/17/2018

Oct 27 2018

Oct 27 2018

10/30/2018

Tax strategy for Primary House conversion to Rental property

Tax strategy for Primary House conversion to Rental property

10/29/2018

SALT Deduction Tax strategy 2018 and later tax years

If you want to save taxes under new tax law for SALT deduction pl watch this:
Disclaimer: Pl do not use the tax strategy discussed without discussion with tax expert as speaker or our firm are not aware your full tax situations. Our firm or speaker will not be responsible in any way for using of tax strategy without consultations.

10/20/2018

Ashburn CPA | Vikas Garg, CPA

Ashburn CPA | Vikas Garg, CPA

We are an Accounting firm licensed in VA. We offer a broad range of services for business owners, executives, and independent professionals.

01/06/2018

We're hiring! Apply now.

04/28/2017

TRUMP’S NEW TAX PLAN

04/21/2017

IS THIS THE REAL IRS? OR A SCAM?

01/27/2017

NEW TAX LAW CHANGES FOR 2017 | Vikas Garg, CPA Certified Public AcountantBroadlands, VA CPA / Vikas Garg, CPA Certified Public Acountant

Tax season is upon us! Here are some updates for filing this year!

We offer a broad range of services to help you secure a sound financial future. You've worked hard to get where you are. You deserve a firm that works hard for you.