NAS Advisors LLC

02/01/2025

NAS Advisors is pleased to host a Tax Information Webinar for our community! Stay informed with the latest updates on individual taxes and gain valuable insights to help you navigate the tax season with confidence.

📅 Date: 2/3/2025
⏰ Time: 7:00 - 8:00 pm
📍 Location: 873fdcbc-bde1-4803-80b5-f753434de256@00d1d012-2866-43e7-be0a-64d5b7d61013" rel="ugc" target="_blank">https://events.teams.microsoft.com/event/873fdcbc-bde1-4803-80b5-f753434de256@00d1d012-2866-43e7-be0a-64d5b7d61013

Join us to stay up to date and make the most of your tax benefits.

01/27/2025

NAS Advisors is a trusted CPA Accounting & Tax Firm dedicated to serving businesses, non-profit organizations, and individuals with expert tax filing services, including federal and state returns. Our mission is to assist clients in identifying every possible tax deduction to minimize liabilities and maximize refunds. Simply put, we are your community’s go-to tax experts, committed to supporting financial well-being.

01/25/2025

When to expect your refund if you claimed the Earned Income Tax Credit or Additional Child Tax Credit for your 2024 tax returns?

If you claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), you can expect to get your refund by March 3 if:
- You file your return online
- You choose to get your refund by direct deposit
- We found no issues with your return
However, some taxpayers may see their refunds a few days earlier. Check Where’s My Refund for your personalized refund date. Where's My Refund should show an updated status by February 22 for most early EITC/ACTC filers.

Additionally, your financial institution may need time to accept your direct deposit or issue a debit card. Many institutions don’t process payments on weekends or holidays. So, if you file early, be aware of federal and local holidays that may affect how soon you get your refund.

Why we hold your refund
By law, we can’t issue EITC or ACTC refunds before mid-February. This includes your entire refund, not just the part that’s related to the credit you claimed on your tax return.

If you claim the EITC or ACTC, we may need more information from you about your return. If we do, we will send you a letter.

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/when-to-expect-your-refund-if-you-claimed-the-earned-income-tax-credit-or-additional-child-tax-credit?fbclid=IwZXh0bgNhZW0CMTEAAR0uFK_h2MrG__zLIPaeoxbrpa0xWq-VmtSoKIhSb-dN2wKrOcr_TlYhmIU_aem_G-cxtklfXO_Koyh4oJT4xQ

Find out when to expect your refund if you claim the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC).

01/23/2025

It was an honor for the NAS Advisors team to attend the NCVSCPA Annual Conference alongside other CPAs from the DC area. We sincerely thank NCVSCPA for organizing such a fantastic event that provides the members with the latest tax updates.
At NAS Advisors, we are committed to staying up to date with the latest tax information and serving our clients year-round with dedication and professionalism.

01/14/2025

NAS Advisors is a CPA Accounting & Tax Firm that helps businesses, non-profit organizations, and individuals with filing their taxes, including federal and state tax returns. We assist our customers and clients with every available tax deduction to minimize their taxes and maximize their returns. In a word, we are tax experts to help our communities.

NAS Advisors LLC is a consulting firm based in Virginia, USA and provides accounting, bookkeeping, and tax services to individuals, small businesses, non-profits organizations, and international organizations.

12/31/2024

🎉🌟 Happy New Year 2025! 🌟🎉

The NAS Advisors LLC team wishes you and your loved ones a year filled with success, happiness, and new opportunities. Thank you for trusting us in 2024—we look forward to achieving even greater milestones together in the year ahead.

Cheers to a prosperous 2025! 🥂✨

12/24/2024

Happy Holidays from NAS Advisors LLC!
As the holiday season brings us together, we want to take a moment to thank all our clients and partners for trusting us throughout the year. Your support and collaboration mean the world to us.
We wish you and your loved ones a joyful holiday season filled with peace, happiness, and cherished moments. For those traveling, we hope you have safe and smooth journeys to and from your celebrations.
Here’s to a season of warmth, cheer, and a bright start to the new year.

Address: 10432 Balls Ford Rd, Suite 300, Manassas, VA 20109
Phone: 540-300-8592
Email: [email protected]
www.nasadvisors.com

12/23/2024

A million taxpayers will soon receive up to $1,400 from the IRS!

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible people's bank accounts or sent in the mail by a paper check.

The IRS said it's distributing about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns. People who missed one of the COVID stimulus payments or had received less than the full amount were able to claim the credit. But the IRS on Friday said it discovered many eligible taxpayers hadn't done so.

“Looking at our internal data, we realized that one million taxpayers overlooked claiming this complex credit when they were actually eligible,” IRS Commissioner Danny Werfel said in a statement.

Here's more about the unexpected cash this group of taxpayers will soon receive:

Sorry, it's probably pretty low. The IRS said most taxpayers eligible for the federal stimulus payments, formally known as Economic Impact Payments, have already received them.

The special payments announced by the IRS are being sent to those taxpayers who filed a 2021 tax return but left the data field for the Recovery Rebate Credit blank or they filled it out as $0 when they were actually eligible for the credit.

Eligible taxpayers don't have to take any action. The payments will go out automatically this month and should arrive by direct deposit or check by late January 2025. They'll be sent to the bank account listed on the taxpayer's 2023 return or to the address IRS has on file.

Payments will vary but the maximum amount will be $1,400 per individual. The IRS has posted information online about eligibility and how the payment was calculated.

IRS plans to send separate letters to eligible taxpayers notifying them of the special payment.

You still might be able to receive the money. However, taxpayers need to file a tax return and claim the Recovery Rebate Credit by the April 15, 2025 deadline, even if any income from a job, business or other source was minimal or nonexistent, according to IRS.

There were three rounds of payments to households impacted by the pandemic, totaling $814 billion. IRS based the amounts that taxpayers received on their income, tax filing status and number of children or qualifying dependents.

In March 2020, eligible individuals received up to $1,200 per income tax filer and $500 per child under the CARES Act. In December 2020, eligible individuals received up to $600 per income tax filer and $600 per child under the Consolidated Appropriations Act. In March 2021, eligible individuals received up to $1,400 per income tax filer and $1,400 per child under the American Rescue Plan Act.

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks

12/20/2024

NAS Advisors LLC was truly honored to take part in the Hazara American Association’s Yalda Night celebration, a beautiful tradition symbolizing light, renewal, and togetherness.

We are deeply committed to supporting our community and cherishing the cultural richness that unites us all. Events like these inspire hope and connection, and we are proud to stand alongside such incredible individuals.

Wishing everyone a joyous, prosperous, and memorable Yalda Night filled with happiness and love.

12/17/2024

Business Registration Service!
At NAS Advisors LLC, we assist clients in registering their new businesses in the states of Virginia and Maryland. Our well-trained and experienced staff provide expert guidance throughout the business registration and renewal processes, ensuring a seamless and efficient experience.

12/06/2024

We were honored to celebrate disability and entrepreneurship at the 2GI Gala last night. It was inspiring to meet so many talented disabled entrepreneurs and witness the incredible work they’ve accomplished. NAS Advisors was proud to serve as the Honorary Co-Host for 2024, and we look forward to supporting such impactful initiatives in the future.

10/17/2024

Payroll Services:
NAS Advisors LLC offers a range of payroll administration and processing services, from basic, low-cost options to fully automated payroll software. Our services cater specifically to small and medium-sized organizations in the non-profit sector, government contracting, and small businesses. The NAS payroll team ensures that payrolls are processed and recorded accurately, payroll taxes are calculated correctly and reported on time, and payments are made promptly.

10/17/2024

Dear business owners,
There is a new requirement from the Financial Crimes Enforcement Network, Beneficial Ownership Information Reporting (BOIR). All applicable entities must comply with this requirement.

If you are unable to file this information by yourself, NAS Advisors is here to assist you. We can handle the filing on your behalf. Please let us know if you need our assistance, or if you have any questions about the BOIR requirements.

Office: +1-540-300-8592
Email: [email protected]
Website: www.nasadvisors.com
44330 Mercure Circle, Suite 260, Dulles, VA 20166

Attention to the business owners,
There is a new requirement from the Financial Crimes Enforcement Network, Beneficial Ownership Information Reporting (BOIR). All applicable entities must comply with this requirement.

If you are unable to file this information by yourself, NAS Advisors is here to assist you. We can handle the filing on your behalf. Please let us know if you need our assistance, or if you have any questions about the BOIR requirements.

Please read the following information to learn more about BOIR.

What is BOIR?
The Corporate Transparency Act requires certain types of U.S. and foreign entities to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. Beneficial ownership information is information about the entity, its beneficial owners, and in certain cases its company applicants. Beneficial ownership information is reported to FinCEN through Beneficial Ownership Information Reports (BOIRs).

Who must report BOIR?
An entity is required to report beneficial ownership information if it is a reporting company and does not qualify for an exemption.
Domestic reporting companies: Corporations, LLCs, and any other entities created by the filing of a document with a secretary of state or any similar office in the United States.
Foreign reporting companies: entities (including corporations and LLCs) formed under the law of a foreign country that has registered to do business in the United States by the filing of a document with a secretary of state or any similar office.

When do you report BOIR?
If a reporting company already exists as of January 1, 2024, it must file its initial BOIR by January 1, 2025.
If a reporting company is created or registered to do business in the United States on or after January 1, 2024, and before January 1, 2025, it must file its initial BOIR within 90 days after receiving actual or public notice that its creation or registration is effective.
If a reporting company is created or registered to do business in the United States after January 1, 2025, then it must file its initial BOIR within 30 days after receiving actual or public notice that its creation or registration is effective.

Please let us know if one of our team members can assist you. Our contact information is as follows.
Office: +1-540-300-8592
Email: [email protected]
Website: www.nasadvisors.com
44330 Mercure Circle, Suite 260, Dulles, VA 20166

09/27/2024

The recent SBAIC and Chemonics events brought together government contractors and small businesses, fostering valuable networking opportunities among attendees. It was an honor for the NAS Advisors team to meet many passionate small business owners and discuss how we can assist them with their accounting and tax needs. We are dedicated to supporting government subcontractors by providing tailored services for their financial statements, budgeting, and project accounting reports on a monthly, quarterly, and annual basis. Our goal is to empower these businesses with the financial insights and support they need to thrive in a competitive landscape.



Phone: +1-540-300-8592
Email: [email protected]
Website: www.nasadvisors.com
Office: 44330 Mercure Circle, Suite 260Dulles, VA 20166