Wendroff & Associates

read moreWendroff & Associates CPA is based in Arlington, Virginia. We are a full-service Certified Public Accounting firm with expertise in both business and individual tax preparation, CFO Consulting, bookkeeping, and accounting services. Our passion and specialty is helping small businesses and nonprofits grow and succeed. Our firm prides itself on our level of technological advantages and innovative company culture, all of which lends itself to providing the best and most personalized service to our clients.

read moreAt Wendroff & Associates, CPA we look at your company's goals, and help you create long and short-term strategies to capitalize on the ever-evolving tax code to grow your business efficiently and successfully. By utilizing the most effective technology available and our network of tax law insiders, we stay on top of the latest tax law changes to give you the best strategic advice. It's just one more thing that makes our tax services unique.

read morePeople are generally aware of tax-advantaged investment vehicles such as 401(k) plans, individual retirement accounts and 529 college savings plans. But one instrument, the health savings account, isn't as well known, although it offers three separate tax benefits. An HSA allows account owners to pay for current health care expenses and save for those in the future. Its first advantage is that contributions are tax-deductible, or if made through a payroll deduction, they are pretax. Second, the interest earned is tax-free.

read moreWendroff & Associates, CPA partners exclusively with Intuit. We are QuickBooks Certified ProAdvisors so we can help you set up an online bookkeeping system that streamlines your processes and saves time and money. Whether you are a growing business who needs to free up time spent on accounting, a nonprofit who has limited resources and needs to focus on developing its programs, or a start-up who needs to start tracking the finances so it can prepare for future investors or other outside capital, the team at Wendroff & Associates, CPA can provide thebookkeeping servicesthat you need to move forward.

read moreIt's kind of like the lite version of a c corporation (c corp). An s corp offers investment opportunities, perpetual existence, and that coveted protection of limited liability. But, unlike a c corp, s corps only have to file taxes yearly and they are not subject to double taxation. Read on if this sounds enticing for your business. Every business that files for corporation is first classified as a c corp. Once that's complete, you have to then file for subchapter s corp status and meet all requirements for an s corp - namely, have fewer than 100 shareholders who are all individuals, not corporations; have only one class of stock; and be owned by U.S. citizens or resident aliens.

read moreWendroff & Associates is more than a typical accounting firm. In addition to book keeping and tax preparation, we offer strategic tax planning, business and CFO consulting, business development and multi-state accounting for the modern, remote workforce. The success of any accounting firm depends on the success of you, the client. That's why we listen first - then respond and solve. At Wendroff & Associates, we strive to provide you and your company with the most effective services.

read moreAt Wendroff & Associates, one principle guides all others: Be proactive and exceed the client's every expectation as the business owner's most trusted adviser. We know being an entrepreneur is risky - everything is on you to fail or succeed. But make no mistake - entrepreneurs are the most important people to our economy. They birth the new and create opportunity. And we cherish the opportunity to support their mission. We have an accomplished staff who focus on communication, responsiveness and earning your trust.

read moreHaving a good accounting process in place is key to running a successful business or nonprofit. It is the foundation for everything else relating to accounting such as invoicing, paying bills, financial analysis, budgeting and forecasting, tax planning and preparation. Whether you a startup or an established business or nonprofit, having a good accounting process in place will be essential in helping your organization grow. As a business owner or nonprofit executive, you need to be smart with your money.