Vm Tax & Financial Services Llc

Vm Tax & Financial Services Llc No annoying tax professional lingo. Just straight, authoritative and friendly expert advice. We are professional, experienced, and affordable.

VM Tax and Financial Services LLC is licensed in MD and specializes in Accounting. We offer a broad range of services for business owners, executives, and independent professionals.

Tax law changes have created new planning opportunities for 2026. A review of your expected income and expenses for the ...
09/02/2026

Tax law changes have created new planning opportunities for 2026. A review of your expected income and expenses for the year, along with any significant life changes, may uncover strategies to reduce your taxes. Start the conversation before year-end for more time to take tax-saving steps. And if you extended your 2025 return, we can help you file before the Oct. 15 deadline. Call us to schedule an appointment.

How’s your business’s health now that we’re more than halfway through the year? If you’re not sure, it’s time for a chec...
08/31/2026

How’s your business’s health now that we’re more than halfway through the year? If you’re not sure, it’s time for a checkup. We can help identify strengths, diagnose risks and prescribe the right moves to keep your business thriving. Contact us to schedule your business wellness check today!

Scholarship awards can provide significant financial relief to families of college-bound students. Most, but not all, of...
08/28/2026

Scholarship awards can provide significant financial relief to families of college-bound students. Most, but not all, of the awards are tax-free. To qualify for tax-free status, scholarships must meet three criteria: 1) The student must be a degree candidate at an eligible educational institution, 2) the award must be used to pay for tuition and fees, books, and certain supplies (not room and board or travel), and 3) the award can’t represent wages for teaching or research. Many graduate student awards have employment compensation components, so they may be taxable. Also, taxable scholarship money could potentially be subject to the “kiddie” tax. Contact us for more information.

Grabbing lunch with a client doesn’t just build rapport. It can also trim your tax bill. Under federal tax law, you can ...
08/26/2026

Grabbing lunch with a client doesn’t just build rapport. It can also trim your tax bill. Under federal tax law, you can generally deduct 50% of qualifying business meal costs. Whether you're dining with clients, partners or employees, these deductions can reduce your taxable income. Keep detailed records of the expenses, including receipts. Document the business purpose of each meal and the business relationship of the people you dine with. Contact us with any questions about this deduction.

Roth IRA and Roth 401(k) accounts help you save for retirement with after-tax dollars. Both accounts grow tax-free, and ...
08/24/2026

Roth IRA and Roth 401(k) accounts help you save for retirement with after-tax dollars. Both accounts grow tax-free, and distributions are also tax-free if you meet certain conditions. However, higher earners may be ineligible to contribute to a Roth IRA. Income limits don’t apply to Roth 401(k)s, which also allow higher annual contributions. If you’re unsure where to put your retirement savings, contact us for more information on the tax considerations.

The IRS has increased the 2026 cents-per-mile rates for calculating tax-deductible vehicle operating costs due to rising...
08/21/2026

The IRS has increased the 2026 cents-per-mile rates for calculating tax-deductible vehicle operating costs due to rising fuel costs. Effective July 1, 2026, the standard mileage rate for the business use of a car, van, pickup truck or panel truck is 76 cents per mile, up from 72.5 cents per mile for the first half of the year. The revised rate for medical and eligible moving purposes is 23.5 cents per mile, up from 20.5 cents per mile. For charitable driving, the 14 cents per mile rate remains unchanged. These rates apply to gasoline- and diesel-powered vehicles as well as electric and hybrid ones. To protect your deduction, keep detailed mileage records. Call us with questions.

Your tax, retirement and estate planning shouldn’t be done separately. Decisions in one area can affect the others, espe...
08/19/2026

Your tax, retirement and estate planning shouldn’t be done separately. Decisions in one area can affect the others, especially as tax laws, financial circumstances and long-term goals evolve. We can help keep these important drivers of financial security in sync by providing coordinated strategies for managing taxes, supporting retirement objectives and preserving wealth for future generations.

Your business can show a profit on paper and still face cash shortages because profit and cash flow measure different th...
08/17/2026

Your business can show a profit on paper and still face cash shortages because profit and cash flow measure different things. Profit reflects revenue minus expenses, while cash flow tracks the movement of cash in and out of your business. Cash shortfalls are especially common for growing businesses. That’s because you typically must pay suppliers, vendors and lenders upfront, and then wait for customers to pay you. Understanding the difference between profit and cash flow — and how to account for each — can help you make smarter financial decisions.

Happy to announce that VM Tax & Financial Services is continuing to grow.As we expand our professional team, we are curr...
08/16/2026

Happy to announce that VM Tax & Financial Services is continuing to grow.

As we expand our professional team, we are currently working with a licensed CPA to help us strengthen and expand the services we provide to individuals and business owners.

Our expanded focus will include:

• Tax Planning & Strategy
• Tax Resolution & IRS Representation
• Business Tax Preparation
• Bookkeeping & Accounting Oversight
• Business Advisory Services
• Controller & Fractional CFO Services
• Business Compliance & Entity Strategy
• Complex Tax & Technical Support

For nearly two decades, VM Tax & Financial Services has been about more than simply preparing tax returns. Our goal is to build long-term relationships with our clients and provide the resources, expertise, and strategy they need throughout the year.

This expansion represents the next chapter for VM Tax & Financial Services as we continue growing from traditional tax preparation into a more comprehensive tax, accounting, and advisory practice.

More services. More expertise. More year-round support.

We’re excited about what’s ahead.

VM Tax & Financial Services
Tax | Accounting | Planning | Advisory

TaxStrategy BusinessAdvisory FractionalCFO Bookkeeping BusinessOwners

It’s easy to focus on the excitement of a big win. But before you spend lottery, gambling or other winnings, be sure you...
08/14/2026

It’s easy to focus on the excitement of a big win. But before you spend lottery, gambling or other winnings, be sure you understand the tax impact. Federal tax law generally treats such winnings as taxable income. Knowing the basic rules can help you avoid surprises when you file your 2026 return next year. For example, if you win more than $5,000, generally the payer (lottery agency, casino, etc.) will withhold 24% for federal tax purposes — which may or may not be enough to cover your tax liability — and send you and the IRS a Form W-2G showing the winnings paid and tax withheld. There also might be state tax consequences. Call us to learn more.

Address

1314 Bedford Avenue
Pikesville, MD
21208

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Website

Alerts

Be the first to know and let us send you an email when Vm Tax & Financial Services Llc posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Vm Tax & Financial Services Llc:

Shortcuts

Share

Category