Matthews, Carter & Boyce

Matthews, Carter & Boyce Our priority is to enhance the growth and success of each client organization in every industry we serve. We hire the best people, and invest in their success. We're proud to be a five-time recipient of Accounting Today's "Top 100 Firms to Work For."
MCB’s personalized attention, expert accounting & tax services and long term commitment to our clients as CPAs & Advisors has been the difference between adequate accounting service and truly professional service for over 70 years in the Washington, DC area.
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Matthews, Carter & Boyce is a full service boutique CPA firm offering accounting, assurance, tax planning and preparation, and business advisory services in the Washington D.C. Metropolitan Area since 1947. We have a different structure and philosophy than other CPA firms. Each of our clients has a dedicated Principal assigned to their financial needs. Clients work with the same Principal for tax planning, financial statement services, and general business advice. This personalized attention is the difference between adequate service and truly professional service. We strive to not only meet client needs, but exceed your expectations. This personalized attention is the difference between adequate service and truly professional service. We RESPECT our clients and work hard to earn your CONFIDENCE as a TRUSTED business advisor.

Operating as usual

How should employers prepare to bring their teams back to the workplace? Here are 4 suggested first steps:https://www.mc...
09/17/2020
How Workers Can Return | MCB Advisorsa

How should employers prepare to bring their teams back to the workplace? Here are 4 suggested first steps:
https://www.mcb-cpa.com/how-workers-can-return/

In April 2020, the Brookings Institution reported that due to COVID-19, "up to half of Americans are currently working from home, more than double the fraction who worked from home (at least occasionally)" in 2017-2018. While the pandemic is fast-tracking the telecommuting trend, for some employers....

How has the pandemic changed the way you engage with customers & coworkers?  Some interesting insight into how we're all...
09/15/2020
Rethinking the Way We Communicate | MCB Advisors

How has the pandemic changed the way you engage with customers & coworkers? Some interesting insight into how we're all rethinking the way we communicate:
https://www.mcb-cpa.com/rethinking-the-way-we-communicate/

Has the pandemic inspired you to explore new ways to engage with customers, co-workers and clients? It probably has you taking a hard look at your strategies, policies and procedures to safely and effectively work with those inside and outside your organization. Using texts, webcasts and social medi...

When are home equity loans tax-deductible?  Knowing the answer could save you thousands of dollars:https://www.mcb-cpa.c...
09/10/2020
Home Equity Loans Are Deductible -- Sometimes

When are home equity loans tax-deductible? Knowing the answer could save you thousands of dollars:
https://www.mcb-cpa.com/home-equity-loans-are-deductible-sometimes/

Contrary to rumors, the Tax Cuts and Jobs Act of 2017 allows taxpayers who buy, build or substantially improve their homes using either a home equity loan, home equity lines of credit (HELOC) or second mortgages to deduct interest on the loans. That's the good news. But if you take out the loan to p...

Thinking about how to upskill, reskill or recharge?  Some things to keep in mind if you're considering a career change r...
09/09/2020
Post-Pandemic: Time for a Career Change

Thinking about how to upskill, reskill or recharge? Some things to keep in mind if you're considering a career change right now:
https://www.mcb-cpa.com/post-pandemic-time-for-a-career-change/

Has your industry been hit particularly hard by the pandemic? Does your employer specifically seem shaky? Is changing jobs likely? It may be time to think about a new career. If you're in the travel industry, you know it's been badly affected by the coronavirus. How long will it take your industry t...

The state unemployment tax: what every employer should know:https://www.mcb-cpa.com/the-state-unemployment-tax-know-the-...
09/04/2020
The State Unemployment Tax: Know the Story | MCB Advisors

The state unemployment tax: what every employer should know:
https://www.mcb-cpa.com/the-state-unemployment-tax-know-the-story/

Although most wages are subject to SUTA tax, certain wages may be exempt. In New York, for example, wages paid to babysitters under 18 years of age, church employees, and certain family members are exempt from SUTA tax. Therefore, it’s essential to check with your state unemployment agency to dete...

If you haven't thought about it in a while, now is a good time to revisit your estate plan.  Here are some easy steps to...
09/03/2020
Now Is the Time To Revisit Your Estate Plan | MCB Advisors

If you haven't thought about it in a while, now is a good time to revisit your estate plan. Here are some easy steps to help you get started:
https://www.mcb-cpa.com/now-is-the-time-to-revisit-your-estate-plan/

The physical and financial health challenges caused by the COVID-19 pandemic gave us time to rethink our priorities and expectations. Estate planning is one area that has received a lot of attention, and for good reason. Here are three basic areas to review as you reassess your estate plan:

Thank you to the first responders who serve our community!
09/01/2020

Thank you to the first responders who serve our community!

Big thanks for the food donation by Matthews, Carter & Boyce and to Hamrock's Restaurant for preparing it! We appreciate it!

We were proud to partner with Hamrock's Restaurant in Fairfax to donate and deliver meals to first responders in our com...
09/01/2020
MCB to Deliver Meals to Fairfax Police Officers and First Responders

We were proud to partner with Hamrock's Restaurant in Fairfax to donate and deliver meals to first responders in our community last Friday!
https://www.mcb-cpa.com/mcb-to-deliver-meals-to-fairfax-police-officers-and-first-responders/

City of Fairfax Police Department #MCBCares

On Friday, August 28 MCB staff will participate in a firm-wide effort to deliver meals to Fairfax County and Fairfax City police and fire stations. 100 meals will be picked up and distributed to our community's police officers, first responders and firefighters. The meals are being donated by Hamroc...

As the labor force evolves different types of flexible work arrangements are cropping up.  Read more about the typical a...
08/26/2020
5 Flexible Work Arrangements That May Remain | MCB Advisors

As the labor force evolves different types of flexible work arrangements are cropping up. Read more about the typical and not-so-typical FWAs:

https://www.mcb-cpa.com/5-flexible-work-arrangements-that-may-remain/

Flexible work arrangements are work programs that enable flexibility in work schedules or the place of work. These arrangements are hugely popular among employees, mainly because they promote work-life balance.FWAs are critical to retention, as research by FlexJobs shows that nearly one-third of wor...

Confused about the looming payroll tax holiday? You're not alone.  Here's what employers should know before Sept. 1.http...
08/21/2020
Payroll Tax Holiday and Unemployment Boost Are in Flux | MCB Advisors

Confused about the looming payroll tax holiday? You're not alone. Here's what employers should know before Sept. 1.

https://www.mcb-cpa.com/payroll-tax-holiday-and-unemployment-boost-are-in-flux/

#IRS #payrolltaxes

On Aug. 8, the White House issued a series of memorandums and executive orders to provide relief while Congress continued to debate legislative action. However, there are limits regarding what can be done in the absence of congressional approval, and that has led to confusion about what exactly is b...

Is your business ready to ramp up operations when the pandemic begins to ease?  Here are 4 things to consider as you pla...
08/20/2020
Guiding Your Company to the New Normal | MCB Advisors

Is your business ready to ramp up operations when the pandemic begins to ease? Here are 4 things to consider as you plan ahead:
https://www.mcb-cpa.com/guiding-your-company-to-the-new-normal/

When the COVID-19 pandemic begins to finally ease, will your business be ready to ramp up operations? The real question here, of course, is whether businesses will be able to operate the way they’ve traditionally operated. Company leaders must strategically plan for what’s next — the “new no...

JUST IN:  latest FAQs from U.S. Small Business Administration and The U.S. Department of the Treasury on #PPP loan forgi...
08/10/2020
SBA and Treasury Issue New Guidance on PPP Loan Forgiveness in the Form of FAQs

JUST IN: latest FAQs from U.S. Small Business Administration and The U.S. Department of the Treasury on #PPP loan forgiveness:

https://www.mcb-cpa.com/sba-and-treasury-issue-new-guidance-on-ppp-loan-forgiveness-in-the-form-of-faqs/

On August 4, 2020 the Small Business Administration (SBA) and Treasury Department issued guidance in the form of a 10-page Paycheck Protection Program (PPP) Loan Forgiveness document answering 23 frequently asked questions (FAQs) regarding the forgiveness of PPP loans.

Large-scale telecommuting is here to stay for the foreseeable future and beyond. Here's what employers need to know abou...
08/06/2020
Telecommuting as a Reasonable Accommodation | MCB Advisors

Large-scale telecommuting is here to stay for the foreseeable future and beyond. Here's what employers need to know about offering the option to telecommute as a "reasonable accommodation."

https://www.mcb-cpa.com/telecommuting-as-a-reasonable-accommodation/

#telework #teleworking

Though telecommuting has made huge strides over the past decade, its adoption has been amplified by the COVID-19 pandemic. Due to the crisis, "The [telecommuting] genie is out of the bottle, and it's not likely to go back in," according to the Global Workplace Analytics website.

How has the pandemic changed workplace rights and responsibilities? We break down the latest leave guidance from the U.S...
08/05/2020
DOL Releases New Guidance on Employee Leaves | MCB Advisors

How has the pandemic changed workplace rights and responsibilities? We break down the latest leave guidance from the U.S. Department of Labor -- what every employer and employee should know:

https://mcb-cpa.com/dol-releases-new-guidance-on-employee-leaves/
#employees #HR #employers #workplace

The pandemic has affected both employers and employees, and everyone is trying to figure out how to work under new situations and new rules. The Fair Labor Standards Act, the Family and Medical Leave Act and the Families First Coronavirus Response Act are all governing workplace rights and responsib...

Small business owners!  Here's a quick guide with checklists, deadlines, a tax calendar -- everything you need to stay o...
08/04/2020

Small business owners! Here's a quick guide with checklists, deadlines, a tax calendar -- everything you need to stay organized and on top of your taxes in these overwhelming times.
Follow us for more tips -- we're here to help.
https://www.mcb-cpa.com/small-businesses-remain-tax-aware-during-pandemic/

#entrepreneur #smallbiz #smallbusiness #taxtips #taxes #taxseason #taxseason2020

When disruption affects a business, CPAs are often called upon to evaluate claims. Learn more about the process and the ...
07/31/2020
CPAs and the Search for Lost Profits | MCB Advisors

When disruption affects a business, CPAs are often called upon to evaluate claims. Learn more about the process and the 3 valuation methods employed to calculate lost profits:

https://www.mcb-cpa.com/cpas-and-the-search-for-lost-profits/

A multitude of disruptions can strike any business, causing catastrophic or partial losses and interruptions of revenues. Disasters occur in various guises, from fire and flood to fraud, theft, computer hacking and other malfeasance. The event may result in a one-time harm or may be reflected in an....

The role of the CPA in cases of fraud is critical. Learn more about why it's important to bring in the right resources t...
07/30/2020
Getting a Handle on Financial Fraud | MCB Advisors

The role of the CPA in cases of fraud is critical. Learn more about why it's important to bring in the right resources to uncover fraudulent behavior.

https://www.mcb-cpa.com/getting-a-handle-on-financial-fraud/

During periods of economic stress, both civil and criminal incidents of fraud tend to rise as businesses face increased financial pressures. The current climate is posing exceptional challenges resulting from COVID-19. Attorneys are more likely than ever to turn to the services of a CPA for support....

Considering a merger or acquisition? Check out our article on how to analyze the transaction:https://www.mcb-cpa.com/ana...
07/28/2020
Analyzing the Merger and Acquisition Deal | MCB Tax Advisors

Considering a merger or acquisition? Check out our article on how to analyze the transaction:
https://www.mcb-cpa.com/analyzing-the-merger-and-acquisition-deal/

#mergers #mergersandacquisitions #mergersacquisitions

When a company is involved in an M&A, either as a buyer or a target, analyzing the prospective transaction to determine if it makes sense for shareholders is critical. Knowing the basics of when or if a deal makes practical and financial sense is helpful, but seeking help from a qualified profession...

WE'RE HIRING!  Check out our new openings for audit and tax professionals. Follow us to learn about opportunities as soo...
07/27/2020
Audit & Tax Professionals Jobs | MCB Tax Advisors

WE'RE HIRING! Check out our new openings for audit and tax professionals. Follow us to learn about opportunities as soon as they're posted!

https://www.mcb-cpa.com/audit-tax-professionals/

#hiringnow #accountants #accountingjobs

Matthews Carter & Boyce (MCB), a 70-person, full-service CPA firm located in Fairfax, VA (Fair Lakes) is growing and we are looking for talent to join our team. Specifically, we are seeking a highly qualified Tax Manager and an Audit Senior to serve as trusted advisors to our clients. MCB provides e...

Accountants are often called upon to be detectives -- check out our article about the role of CPAs during litigation/tri...
07/22/2020
CPAs and the Discovery Process | MCB Advisors

Accountants are often called upon to be detectives -- check out our article about the role of CPAs during litigation/trials where money trails matter:
https://www.mcb-cpa.com/cpas-and-the-discovery-process/

Preparation for litigation (whether settlements or full trials) is based on a systematic series of steps. Discovery is the chapter in the process in which attorneys and CPAs turn into bloodhounds, skillfully piecing together the financial jigsaw puzzle.

Are you a physician or do you run a medical practice? Here are some great tax tips, depending on the type of legal entit...
07/20/2020
Physician Practices and Their Tax Issues | MCB Tax Advisors

Are you a physician or do you run a medical practice? Here are some great tax tips, depending on the type of legal entity your practice is:
https://www.mcb-cpa.com/physician-practices-and-their-tax-issues/

#medicalpractice #physicians #cpafirm #CPA

Historically, physician practices were set up as sole proprietorships or partnerships. As the business of medicine and the liability risks grew more complex, however, new entities were created. Contact an MCB Advisor at 703-218-3600.

Unsure about private equity opportunities and risks? Here are 7 questions you should ask prior to making a private equit...
07/15/2020
Private Equity: Opportunities and Risks | MCB Advisors

Unsure about private equity opportunities and risks? Here are 7 questions you should ask prior to making a private equity investment:
https://www.mcb-cpa.com/private-equity-opportunities-and-risks/

#PrivateEquity #investingtips #investing #CPA #cpafirm

Private equity refers to equity investments in companies that aren't publicly traded. Typically, private equity firms pool resources of wealthy individuals and institutions to create an investment fund that then invests in companies that are not publicly traded. There usually is a very high minimum....

Wondering if you can claim a business deduction for all or part of your residence if you're working from home?  Check ou...
07/13/2020
Home Office Deductions: A Refresher on the Rules | MCB Tax Advisors

Wondering if you can claim a business deduction for all or part of your residence if you're working from home? Check out the 4 requirements that must be met:
https://www.mcb-cpa.com/home-office-deductions-a-refresher-on-the-rules/

#homeoffice #taxplanning #taxes #HomeBased #homebasedbusiness

The Internal Revenue Code (IRC) allows taxpayers to claim a business deduction for expenses arising from the qualified use of all or part of a residence, as long as certain conditions are met. This deduction can be a particularly attractive tax planning tool for those who meet certain requirements:

What's a typical work day like in a CPA firm? On June 30 we held a virtual externship for students from George Mason Uni...
07/10/2020
MCB Hosts Virtual Externship for College Students | MCB Tax Advisors

What's a typical work day like in a CPA firm? On June 30 we held a virtual externship for students from George Mason University, James Madison University, Virginia Tech and University of Kentucky to give business students the opportunity to learn and ask questions. A great group of 26 students got a virtual tour of our office and had the opportunity to speak with MCB team members -- from young professionals to firm principals. Learn more about this externship, and about internships and other opportunities we offer!
https://www.mcb-cpa.com/mcb-hosts-virtual-externship-for-college-students/

On June 30, MCB hosted a virtual externship for 26 college students from George Mason University, James Madison University, Virginia Tech and the University of Kentucky. The half-day program began with a virtual tour of the MCB office in Northern Virginia.

If you missed our webinar "PPP Flexibility Act:  How it Alters Loan Forgiveness" click here!  If you have any questions ...
07/09/2020
MCB Partners with SBIA to Present Webinar on PPP Flexibility Act: How It Alters Loan Forgiveness

If you missed our webinar "PPP Flexibility Act: How it Alters Loan Forgiveness" click here! If you have any questions about PPP loan forgiveness, including calculations or eligible/ineligible costs, we're here to help.
https://www.mcb-cpa.com/mcb-partners-with-sbia-to-present-webinar-on-ppp-flexibility-act-how-it-alters-loan-forgiveness/

#PPP #PPPloans #ppploanforgiveness

On July 1, MCB principals Jude Covas, Matt Dwyer, Phil Busenitz and Cindi Park presented a webinar for clients and SBIA members seeking information about the PPP Flexibility Act and loan forgiveness.

Address

12500 Fair Lakes Cir
Fairfax, VA
22033

Opening Hours

Monday 09:00 - 17:30
Tuesday 09:00 - 17:30
Wednesday 09:00 - 17:30
Thursday 09:00 - 17:30
Friday 09:00 - 17:30

Telephone

(703) 218-3600

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