Aiken Warner PLLC, CPAs

Aiken Warner PLLC, CPAs If you are looking for a balance of experience, unparalleled personal service and financial expertise, then you have come to the right place.

At Aiken Warner PLLC CPAs, you will always have the opportunity to speak with a knowledgeable professional. We take pride in our personalized service and quick response time, both of which can be rare in today’s fast-paced business environment. Monumental advances in technology are both exciting and increase our efficiency as a society, yet Aiken Warner PLLC CPAs is determined never to lose that p

ersonal touch. See the difference for yourself. Give us a call and you will be connected to a friendly, proactive, knowledgeable member of our team. Like you, we have families we care about, we make hard decisions in our lives, and we want the best for our financial futures. Therefore, we take the time to develop a thorough understanding of your unique needs and create a custom solution for your specific circumstances. RUNNING A BUSINESS? Money is the foundation of any business. Businesses are started to make money, and if they don’t make enough, then they aren’t businesses for long. That’s why financial expertise is critical to any business endeavor. That’s where we come in. Aiken Warner PLLC CPAs brings decades of experience to benefit our business clients. We can help corporate management recognize the warnings hiding in a company’s financial reports to ensure ample time to react effectively on the information, and we can identify the hidden opportunities embedded in a company’s financial history and projections. The closer we work with the leadership of a company, the better we get to know a firm’s operating structure, client and vendor philosophies, the more effective we are as advisors. While we have extensive accounting and taxation knowledge and experience, we also have another significant advantage that genuinely elevates us above our peers: our business valuation practice. Performing valuations brings us into intimate contact with a variety of industries and companies where we see the best and worst business systems and practices. This ongoing contact gives us an exclusive understanding of the characteristics that make a business strong and sound, as well as specialized insight regarding the unique circumstances of many different industries. Furthermore, Aiken Warner PLLC CPAs continually invests in areas that many other firms do not, including exceptionally strong security systems, databases, and ongoing education to ensure that we remain current on applicable financial laws, regulations and trends. We bring such resources to bear so that our clients can be confident they’re receiving the best advice and service possible. From acquisitions to succession planning, budgeting to real estate transactions, and everything in between, let Aiken Warner PLLC CPAs demonstrate our value to your business’s bottom line.

💍 Congratulations to all the newlyweds!Marriage is an exciting new chapter—but it also brings a few important tax and fi...
07/22/2026

💍 Congratulations to all the newlyweds!

Marriage is an exciting new chapter—but it also brings a few important tax and financial changes that shouldn't be overlooked.

If you got married recently, your first tax return as a married couple may affect your tax withholding, filing status, and overall tax strategy. It's a good idea to:
• Review your paycheck withholding and update your Form W-4 if needed
• Notify the Social Security Administration if you've changed your name
• Update financial accounts, insurance policies, and beneficiary designations
• Review your estate plan and long-term financial goals together

Taking care of these items now can help prevent surprises at tax time and ensure you're making the most of the tax benefits available to married couples.

Starting your new life together is the perfect time to make sure your financial plan is working just as hard as you are.

Have questions about how marriage affects your taxes? Contact Aiken Warner PLLC, CPAs at 703-591-1040. We're here to help you start this next chapter with confidence.

If your C corporation traditionally makes deductible charitable gifts, make sure you know the rules for 2026 donations. ...
07/20/2026

If your C corporation traditionally makes deductible charitable gifts, make sure you know the rules for 2026 donations. Starting Jan. 1, 2026, corporations can only deduct charitable gifts in excess of 1% of the company’s taxable income, with a 10% of income cap. Amounts exceeding the 10% cap can be carried forward — as can amounts that aren’t currently deductible due to the 1% floor — for up to five years. You may want to execute a multiyear charitable deduction strategy if your company’s income varies from year to year.

Contact us at 703-591-1040. We can help by projecting income and other deductions so you can support your community while maximizing long-term tax benefits.

Planning a home renovation? Your project may offer more than just a beautiful new space—it could also provide valuable t...
07/17/2026

Planning a home renovation? Your project may offer more than just a beautiful new space—it could also provide valuable tax benefits.

Depending on the improvements you make, you may be able to:
• Deduct mortgage interest on debt used for certain qualifying home improvements
• Increase your home's tax basis, which could help reduce capital gains tax when you sell
• Deduct certain medically necessary home modifications, subject to IRS rules
• Claim missed energy-efficiency tax credits by filing an amended return, if you made qualifying improvements in 2025

Not every renovation qualifies for a tax benefit, but with the right planning, your investment could pay off in more ways than one.

Before you begin your next home improvement project—or if you've recently completed one—contact us today. We'll help you determine which tax benefits may apply to your situation.

Aiken Warner PLLC, CPAs
3975 University Drive, #200
Fairfax, VA 22030
703-591-1040
www.aikenwarner.com

Renting out your vacation home can be a great way to generate extra income—but it can also have important tax implicatio...
07/15/2026

Renting out your vacation home can be a great way to generate extra income—but it can also have important tax implications.

One key rule to know is the 14-day rule:
• If you rent your vacation home for 14 days or fewer during the year, the rental income is generally tax-free and doesn't need to be reported on your tax return.
• If you rent it for more than 14 days, the rental income is generally taxable—but you may be able to deduct a portion of eligible expenses, including maintenance, utilities, insurance, and depreciation.

The amount of time you personally use the home also plays a major role in determining which deductions you're allowed to claim and whether rental losses may be deductible.

Because vacation home tax rules can be complex, proper planning is essential to maximize your tax benefits and avoid surprises.

If you own a vacation home or are considering renting one out, contact us today. We'll help you understand the rules and make the most tax-efficient decisions.

Aiken Warner PLLC, CPAs
3975 University Drive, #200
Fairfax, VA 22030
703-591-1040
www.aikenwarner.com

Looking for an affordable way to help your employees save for retirement?Small business owners have several retirement p...
07/13/2026

Looking for an affordable way to help your employees save for retirement?

Small business owners have several retirement plan options that can provide valuable tax benefits while helping attract and retain great employees. One popular choice is a Simplified Employee Pension (SEP) IRA, which offers easy setup, minimal administrative requirements, and tax-deductible employer contributions.

Depending on your business, other options—such as SIMPLE IRAs and SIMPLE 401(k) plans—may also be worth considering.

The right retirement plan can:
• Provide tax advantages for your business
• Help employees build long-term financial security
• Enhance your employee benefits package
• Require less administration than many traditional retirement plans

Choosing the best plan depends on your business size, cash flow, and long-term goals.

If you're considering offering retirement benefits or want to review your current plan, contact us today. We'll help you find the solution that's right for your business.

Aiken Warner PLLC, CPAs
3975 University Drive, #200
Fairfax, VA 22030
703-591-1040
www.aikenwarner.com

Caring for an aging parent or loved one can bring both emotional and financial challenges—but there may be tax benefits ...
07/10/2026

Caring for an aging parent or loved one can bring both emotional and financial challenges—but there may be tax benefits available to help ease some of the burden.

If your parent or another qualifying family member moves into a nursing home, certain long-term care expenses may be tax deductible. In many cases, costs for medical care provided by the facility can qualify as an itemized medical expense, provided your total eligible medical expenses exceed 7.5% of your adjusted gross income.

If your loved one qualifies as your dependent, you may also be able to include the medical expenses you pay on their behalf when calculating your deduction.

Because the rules surrounding long-term care, dependency, and deductible medical expenses can be complex, it's important to understand what qualifies before filing your return.

If you have questions about elder care expenses or would like to explore potential tax-saving opportunities, contact us today. We're here to help you navigate every stage of life w

Aiken Warner PLLC, CPAs
3975 University Drive, #200
Fairfax, VA 22030
703-591-1040
www.aikenwarner.com

Looking for a meaningful way to strengthen your employee benefits package and stand out in today’s hiring market? A Sect...
07/08/2026

Looking for a meaningful way to strengthen your employee benefits package and stand out in today’s hiring market? A Section 127 Educational Assistance Program may be worth considering.

These employer-sponsored plans allow businesses to provide employees with up to $5,250 in tax-free educational assistance annually, with eligible expenses including tuition, books, fees, supplies, and certain student loan payments. Employers may deduct the cost as a business expense, while employees can receive the benefit tax-free.

Recent tax law updates have made these programs even more valuable by:
• Allowing qualified student loan payments to continue as an eligible benefit
• Adding future inflation adjustments to the annual limit beginning after 2026

For businesses focused on attracting, developing, and retaining talent, this type of benefit can be a smart addition to a competitive compensation package.

As with any tax-advantaged plan, there are important setup and compliance rules to follow, including written plan requirements and nondiscrimination rules.

If you’d like to explore whether a Sec. 127 Educational Assistance Program makes sense for your business, contact our office.

Aiken Warner PLLC, CPAs
3975 University Drive, #200
Fairfax, VA 22030
703-591-1040
www.aikenwarner.com

Partnerships: An important IRS reporting change could make tax season a little easier.The IRS has issued final regulatio...
07/06/2026

Partnerships: An important IRS reporting change could make tax season a little easier.

The IRS has issued final regulations that eliminate the requirement for partnerships to provide detailed gain and loss information to selling partners by January 31.

Instead, this information can now generally be provided as part of the partnership’s normal year-end tax reporting process, on or with Schedule K-1. The change is expected to ease compliance and give partnerships additional time to prepare accurate reporting.

While the timing has changed, the tax rules surrounding partnership sales remain complex. A portion of the proceeds may still be taxed as ordinary income, while the remainder may qualify for capital gains treatment.

If you're involved in a partnership or are planning to sell a partnership interest, understanding these reporting requirements is essential.

Contact us to discuss how these updated IRS regulations may affect you and your business.

Aiken Warner PLLC, CPAs
3975 University Drive, #200
Fairfax, VA 22030
703-591-1040
www.aikenwarner.com

Happy Independence Day!Today, we celebrate the freedoms we enjoy, honor the sacrifices of those who helped secure them, ...
07/04/2026

Happy Independence Day!

Today, we celebrate the freedoms we enjoy, honor the sacrifices of those who helped secure them, and recognize the spirit of resilience and opportunity that continues to shape our nation.

As you gather with family and friends, we hope your day is filled with celebration, gratitude, and lasting memories.

From all of us at Aiken Warner PLLC, CPAs, we wish you a safe, happy, and meaningful Fourth of July! 🇺🇸

As we enter the second half of the year, now is the ideal time to review your financial strategy and take advantage of p...
07/03/2026

As we enter the second half of the year, now is the ideal time to review your financial strategy and take advantage of planning opportunities before year-end.

This month’s newsletter highlights key considerations for both individuals and businesses:

For Individuals:
If you're thinking about selling investments, real estate, cryptocurrency, or a business interest, proactive planning can help you better manage capital gains, estimated taxes, and the potential impact of the Net Investment Income Tax (NIIT). Reviewing documentation and timing transactions carefully may also help reduce your overall tax liability.

For Businesses:
Planning equipment purchases and understanding depreciation options—such as Section 179 and bonus depreciation—can make a meaningful difference. We also encourage business owners to perform a mid-year bookkeeping review to ensure financial records are accurate and ready for year-end planning.

Don't forget to review your estimated tax payments. If your income has changed due to business growth, investments, self-employment income, or asset sales, your current payments may need to be adjusted to avoid underpayment penalties.

The earlier you begin planning, the more opportunities you have to:
• Manage capital gains
• Improve cash flow
• Optimize business investments
• Reduce year-end tax surprises
• Strengthen your overall financial strategy

At Aiken Warner PLLC, CPAs, we're here to help with mid-year tax projections, capital gains planning, depreciation strategies, bookkeeping reviews, and year-round tax planning designed to keep you ahead—not scrambling at year-end.

Address

3975 University Drive, Ste 200
Fairfax, VA
22030

Opening Hours

Monday 8:30am - 5:30pm
Tuesday 8:30am - 5:30pm
Wednesday 8:30am - 5:30pm
Thursday 8:30am - 5:30pm
Friday 8:30am - 5:30pm

Telephone

(703) 591-1040

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