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Boris Foxman. August 31st 2020

6 not so simple steps to register a nonprofit

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:

Boris Foxman. August 8th 2020

Operating a “Pandemic School Pod”

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.

Boris Foxman. August 4th 2020

Looking for a tax advisor? Need accounting advice for a start up?

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.

Boris Foxman. June 23rd, 2017

Tax Changes: Meals & Entertainment

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.

Boris Foxman.

Small Contractors Mean Big Bucks To the IRS

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.

Boris Foxman.

GRAND OPENING EVENTS

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).