Patriots Tax & Accounting Service

A trust ensures that your assets are transferred to your beneficiaries properly and adhering to your wishes. However, different trusts may affect how the inheritance is transferred. Before choosing a trust, take these tips into consideration to guarantee the right trust for your loved ones. https://bit.ly/3CcVmKT

Tax season is around the corner – are you ready? Here are some quick tax tips to make filing easier! Looking to maximize your refund? Contact us at (540) 412-5250 to schedule a tax consultation today!

We understand the stress and complexity of dealing with IRS matters, and our team of experienced tax professionals is here to guide you every step of the way. Our approach ensures that each case receives personalized attention, maximizing your chances for a favorable resolution while safeguarding your financial well-being. Give us a call at (540) 412-5250 to set up your consultation.

Good bookkeeping is the backbone of any successful business! Why? Because it helps track income and expenses to make informed decisions, ensures you’re prepared for tax season, and helps you to spot trends and identify areas where you can save or invest more. Let us handle the numbers so you can focus on growing your business! Contact us at (540) 412-5250 for a free consultation!

Not sure when to stop claiming your young adult children as dependents on your tax returns? Don’t worry – you’re not alone! Many people also share this question and it’s important to note that this decision can significantly impact both yours and your children’s tax benefits and credits or deductions. https://bit.ly/47kp2RW

Reminder: Those who are blind or 65+ years of age are entitled to an additional standard deduction amount. The exact amount depends on your filing status and other personal details.??Not sure if you’re eligible? Don’t fret – we are here to help you out! Contact us at (540) 412-5250 to get started on your tax assistance today.

Getting audited by the IRS can be stressful for a business owner. So it's important to be aware of potential audit red flags when filing your tax return. Reporting lower income than similar businesses in your industry or reporting significantly lower income than you reported in recent tax years can be a red flag for the IRS that you might be underreporting income. Our team can help you file your tax return correctly and with ease and we’ll ensure you claim every tax break you’re entitled to. Contact us today at (540) 412-5250 for your initial consultation.

If you're making an IRA contribution - no matter the amount and timing - you're on the right track to boost your retirement savings. If you forgot to make a 2024 contribution by December 31, it may not be too late! You can make a 2024 contribution to a traditional or Roth IRA up until the tax filing deadline of April 15, 2025. For more guidance on IRAs, give us a call at (540) 412-5250.

Feeling overwhelmed by all the changes lately? ?? You're not alone. We understand how stressful this time of year can be—especially when laws and regulations are constantly shifting. That's why we're committed to staying informed, so you can focus on what matters most. ? Whether you have questions, concerns, or just need a little clarity, we're here to guide you every step of the way. ?? You don't have to navigate this alone. We've got your back.?? #Tax #Accounting #Bookkeeping #SmallBusinessSupport

As a taxpayer, it is important that you trust those helping you to tackle your finances and navigate the complexity of tax law and regulation. Hiring the right tax preparer is essential for maintaining accurate filings and ensuring you maximize your tax returns. Before hiring someone, be sure to ask these helpful questions to make an informed decision. https://bit.ly/3Vre09x