Your sales numbers are only one part of the story. Explore eight financial metrics that show how your business is growing, spending, earning, and managing cash.

Outsourced accounting keeps financial records organized and reduces the burden on your internal team. See how the process works from setup through reporting.

Accurate 1099 reporting starts with organized payment and payee information. Use this guide to understand key forms, deadlines, and recordkeeping requirements.

Small business tax deductions can hide in routine expenses like mileage, software, fees, and supplies. Review these commonly missed deductions before you file.

Full-charge bookkeeping simplifies day-to-day financial management for busy owners. Learn what it covers, where DIY falls short, and when to get support.

Tax filing mistakes can create extra work and unexpected costs for small businesses. Learn which errors are common and how to avoid or correct them.

Income tied to more than one state or country can change filing requirements. Learn what to review to file correctly and avoid double taxation.

When tax rules leave room for interpretation, businesses need a clear basis for their decisions. Tax research and opinions can guide transactions and filings.

What happens in your bookkeeping process today can affect tax compliance months from now. Strong records help you stay prepared and avoid surprises.

Is your business structure still working for you? Smart tax planning can reveal better ways to manage growth, cash flow, and compliance decisions.

Many self-employed people underestimate how quickly changing income can affect their tax obligations. Here’s how to plan payments before deadlines arrive.

Tax mistakes can cost more than you expect. A professional can help you save time, reduce your financial stress, and plan smarter year-round.

When you run a business, you don’t have much time to spare. Outsourced bookkeeping can cut costs, improve accuracy, and free up precious work hours.

Effective accounting approaches help contractors manage compliance, cash flow, and reporting requirements in Washington, DC, government projects.

Facing your first IRS audit is always going to be stressful. Take control with clear steps, smart preparation, and guidance to protect your finances.

Strategic tax planning helps business owners keep more earnings, avoid financial surprises, and stay compliant with changing tax rules year-round.

Disorganized tax filing leads to missed deductions and unnecessary stress. A structured approach keeps your next return accurate and on track.

Government contractors face strict reporting rules that can impact cash flow, compliance, and growth. Here’s how to stay accurate and audit-ready.

Startup finances become easier with practical bookkeeping strategies that improve accuracy, prevent costly mistakes, and support confident business growth.

Small contractors sometimes face more IRS scrutiny than you might expect. Find out what triggers audits and how better accounting services can reduce risk.

SDAT Raises Business Personal Property Exemption From $2,500 TO $20,000 BALTIMORE, MD. The Maryland State Department of Assessments and Taxation (SDAT) today announced that HB268, which raises the exemption from personal property assessment for all Maryland businesses from $2,500 to $20,000, has taken effect. This legislation will save 14,217 businesses from paying taxes on $44.2 million in assessment, and is an extension of HB90, which SDAT sponsored in 2018 and exempted 28,493 businesses from $10.8 million in assessment.

Are you preparing to build a successful business? Do you have a great business idea and want to become a CEO of your own company?

C.P.R. Medical Transportation Services, LLC is an independent non-emergency Medical Transportation Enterprise serving the DC Metro Area. CPR has over a decade of experience in quality transportation services including shuttles on the fixed and flex routes, and paratransit services.

An estimated 50% of restaurants in the metropolitan area were severely affected or closed by the downturn of the economy during the covid-19 pandemic. For a local DC metro, Washington Post Top 10 -list local food establishment in McLean, the 2020 changes poised a huge threat.

In forming a nonprofit corporation, there is an extra step necessary that creating a regular corporation doesn’t need. Nonprofits are tax-exempt at both the federal and state level. Here are the basic steps needed to set up your nonprofit organization:

The 2020-2021 school year is expected to be almost fully virtual for many students. To help students thrive in these trying times, many parents form small study groups to help supervise and educate their children, while limiting social contact and the spread of infection. These study groups are commonly referred to as “Pandemic School Pods.” Our tax and accounting practice, Make My Day CPA, has been receiving numerous questions from clients which we want to share with you to help you on this journey.

Starting a business used to be a form of art. Now, it looks more and more like science. The amount of information available on the internet for people interested in starting a business is massive, and can certainly be helpful if you are researching or validating an idea, a concept, or a method. Researching ideas on the internet can be complicated by fake websites, fake information, fake statistics, so finding trusted sources, trusted advice, and trusted consultants is exceptionally valuable. When the world is as fast as it is, everyone, especially business people, need to get answers that affect their decisions quickly.

If you’re anything like the majority of Americans, you’ve heard mumbles of tax reform that was pushed through Congress at the tail end of 2017. Now that 2018 is halfway gone, those mumbles will steadily increase in volume until they grow to be raucous roars, signaling the dreaded arrival of tax season 2019. We get it. Tax law is no one’s idea of recreational reading. Even if you bravely attempt to wade into the ocean of information that is available online, neutral sources are hard to find, and easy to understand explanations are even tougher to come by. That’s where we come in.

The economy is getting stronger, and construction job growth is on the rise, according to news from the Associated Builders and Contractors (ABC), published on June 2, 2017. Small construction companies are sprouting like new apple trees, and tax agencies just love that kind of low-hanging fruit. Easy pickins mean easy tax revenue.

Make My Day CPA is a growing business focused on the accounting, financial, and tax needs of entrepreneurs, the self-employed, small and startup organizations. We offer an innovative, new, and better way to prepare and file taxes, start a new business, handle bookkeeping, hire an accountant and customize employee benefits. In addition to high expertise, MMDCPA offers its clients a friendly atmosphere, a one-stop capability, fixed pricing, cloud-based work flow and a quick turnaround. Powered by iVenture Accounting Group, Make My Day CPA has opened 2 new locations in Rockville, Maryland (Twinbrook), and Fairfax, Virginia (Old Town Plaza).