(202) 345-2495

Tax Prep & Planning

Tax Accountants Silver Spring, Bethesda, Rockville

accountants_silver_spring_500px

Whether you’re a business owner, or an individual tax filer, at the end of the day, minimizing your tax liability while creating wealth is your underlying goal

With over 30 years of experience, here at Mercogliano we specialize in working on a uniquely personal level with our clients to put in place tax planning strategies that will fully maximize their personal and business income.

Tax Planning and Preparation For Businesses and Individuals

Truly effective tax planning is more than having an accountant who simply “records history” and files your returns on time. It’s having a true financial ally who takes the time to understand the personal and business ramifications of every aspects of your financial life and helps you plan accordingly.

If you had the money, you would invest in and hire a CFO (Chief Financial Officer) that would not only make sure your checkbook is balanced and your collections were up to date, but would answer touch money questions and give you strategic advice on issues like:

  • How can I legally reduce my tax liability?
  • How can I maximize my business cash flow?
  • Should I minimize my personal business income to pay less taxes or maximize it for retirement plan purposes?
  • What are the best investment vehicles to build my retirment nest egg?
  • Should I have a 401(k) plan for my staff? If so, how do I structure it?
  • I have a 401(k) plan today, am I being overcharged for fees and commissions?
  • Should I continue my office lease or be looking to buy a commercial building?
  • What is the real dollar value of my business in case I want to sell it one day?
  • Is the Section 179 tax deduction a good reason to buy some equipment at year end?
  • If I am audited, can my CPA handle the IRS?

Understanding when and how to best leverage your money while limiting your tax burden is the key to financial growth.  With that in mind, in addition to traditional tax filing, we also offer a virtual CFO program for businesses looking to outsource those important tasks.

Here’s how it works:  For a reasonable monthly fee, we will balance your books each month, complete your annual corporate tax returns, generate financial statements for your business, and once a year speak to you about preparation of a financial health assessment that overviews your financial strengths and weaknesses.

As part of this Virtual CFO & Tax Preparation service, we perform the following:

Financial Statements
Monthly & Quarterly accounting
Bank Reconciliation
IRS Audit Representation
Business Management Analysis
Tax Planning & Advice
Payroll Tax Reports – Quarterly 941s, W-2s, 1099s, etc.
Business Budgeting
Business Income Tax Reports & Returns
Loan Packages for Business Owners
New Company Registration & Setup
Auditing