News & Notices

Virginia Announces New Tax Amnesty Program

Now through Nov. 14, 2017, Virginia is offering a tax amnesty program to people who have tax debts or unfiled returns. The program allows these taxpayers to remit the tax due with $0 in penalties and only pay half the interest owed. In a statement, Virginia Gov. Terry McAuliffe said, “This program provides delinquent taxpayers with a great […]

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An Easy Guide to College Tax Deductions

Sending a child off to college is a joyous occasion for parents. Your little one is taking another major step towards adulthood, embarking on a journey to find where they want to fit into the world at large. But for many parents, the day a child goes off to school can also be full of […]

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Are Childcare Expenses Tax Deductible? What Working Parents Need to Know

Almost any parent will agree – childcare is expensive. But for working parents, childcare is a necessity. Somebody has to watch the kids while you spend the majority of the day at your job. That’s why it’s vital for working parents to understand what tax deductions are available to them if they pay for childcare. […]

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5 Reasons to Ditch Your Accounting Spreadsheets (and Use QuickBooks)

For a lot of business owners, starting their venture was done on a shoe-string budget. Until they knew that business was going to make it through that tough first year, investing in things like accounting systems was an unnecessary expense. As business increases, however, a good bookkeeping program — one more efficient and effective than […]

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How to Get Tax Credits for Business Research and Development

Research and development is an important part of starting and growing a successful business. Recently, the Internal Revenue Service (IRS) announced that qualified small business startups are able to apply a portion of the business research credit toward either a payroll tax credit or toward the employer’s portion of employees’ social security taxes, instead of […]

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Tax Documents: What to Keep and What to Shred

 As you check “file tax return” off your spring to-do list, you may be staring at another item you’ve been meaning to get to for some time – spring cleaning. Filing your annual tax return often requires gathering a lot of documents like receipts, W2s and 1099s, expense reports and more. Your desk and filing […]

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Virginia Offers 2017 Tax Amnesty Program

If you have been agonizing over back taxes owed and mounting interest and penalty fees adding up, there may be some relief on the horizon for you. The Commonwealth of Virginia recently announced that it will be offering a Tax Amnesty Period in 2017 that will allow qualifying residents and business owners to have a portion […]

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Seasonal Employees, the Affordable Care Act, and Your Taxes

For small business owners, seasonal employees can be key to keeping things running smoothly through the winter holidays or the summer. But how seasonal workers affect an employer’s size, especially in respect to the Affordable Care Act, can be complicated. If your business has at least 50 full-time employees (including full-time equivalents, or FTEs), on […]

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Wendroff to Speak at The Signature C.E.O. Conference

Wendroff & Associates’ Brian Wendroff will be a featured speaker at The Signature C.E.O. (Chief Event Officer) conference this fall at the Samuel Riggs IV Alumni Center in College Park, Maryland. The Signature C.E.O. conference, Oct. 31 and Nov. 1, 2016, is aimed at wedding and events professionals. Brian will be speaking about business financial […]

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Join us at Clarendon Day and More

September has been a busy month at Wendroff & Associates with tax extension filing deadlines and events. Join us in celebrating the start of fall and more this month at Clarendon Day, Sept. 17! From 11 a.m. to 6 p.m. on the streets around the Clarendon Metro station in Arlington, enjoy four music stages and […]

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