Matthews, Carter & Boyce

Matthews, Carter & Boyce (MCB) is a CPA firm founded in 1947 in Washington, D.C. Learn more about our strategic, smart and wonderful humans at mcb.cpa.

MCB is a full-service accounting firm celebrating 75 very independent years of business in the Washington, DC metro area. Combined with a long-term commitment to client success, our highly personalized accounting and tax services are the hallmark of the Firm’s truly outstanding repertoire of professional services. We are trusted advisors for business advisory services, audit & assurance, tax plann

IRS Clean Vehicle Tax Credit FAQs 12/05/2023

The Clean Vehicle Tax Credit can reach up to $7,500; a clean vehicle that is eligible for the tax credit must meet specific requirements and emissions thresholds. Here's how to know if your vehicle qualifies: https://mcb.cpa/irs-clean-vehicle-tax-credit-faqs/

IRS Clean Vehicle Tax Credit FAQs The Inflation Reduction Act of 2022 has altered the requirements for the clean vehicle tax credit, particularly for electric vehicles.

12/05/2023

Thank you Amy! We appreciated your insights and time and look forward to putting all the great ideas that came out of our meetings to work!

What Is Taxable and Nontaxable Income? 11/28/2023

What is taxable and nontaxable income? Generally, income is taxable unless it is specifically exempted by law. Here's a quick rundown of forms of income and how they are taxed: https://mcb.cpa/what-is-taxable-and-nontaxable-income/

What Is Taxable and Nontaxable Income? Taxable income must be reported and is subject to taxation. Nontaxable income, however, may still have to be reported on your tax return.

11/22/2023

From all of us at MCB, have a happy and healthy Thanksgiving holiday!

5 Tips for Avoiding a Small-Business Audit 11/20/2023

There are certain steps you can take to minimize the likelihood of receiving a business-related audit. We break down 5 tips here:
https://mcb.cpa/5-tips-for-avoiding-a-small-business-audit/

5 Tips for Avoiding a Small-Business Audit Business owners often fear being audited by the IRS. There are steps people can take to mitigate the risks of being audited.

IRS Publishes Numbers for 2024 11/16/2023

The IRS has released 2024 updates — from standard deductions to marginal rates to EITC changes, check out our summary of what to expect for the upcoming tax season and follow us for more updates: https://mcb.cpa/irs-publishes-numbers-for-2024/

IRS Publishes Numbers for 2024 It's never too early to think about taxes! The IRS has already issued numbers to help you understand what the 2024 tax situation will be like

11/10/2023

“For the veteran, thank you for bravely doing what you’re called to do so we can safely do what we’re free to do.”

Virginia Is Writing Checks — Are You Eligible? 11/06/2023

Virginia residents: if you had a tax liability last year, you are due a check.
The 2023 Virginia General Assembly passed a law giving taxpayers who have a tax liability a rebate of up to $200 for individual filers and up to $400 for joint filers. How do you know whether you’re entitled to this rebate, and if you are, how do you proceed in order to get it? Learn more:
https://mcb.cpa/virginia-is-writing-checks-are-you-eligible/

Virginia Is Writing Checks — Are You Eligible? The 2023 Virginia General Assembly will be giving taxpayers with a tax liability a rebate for individual and joint filers.

Medicare Enrollment Period - Learn The Basics 11/02/2023

Medicare’s open enrollment period runs from Oct. 15 to Dec. 7, when beneficiaries choose plans for next year. Options include traditional Medicare from the government or a wide array of Medicare Advantage plans. We break down the basics here:
https://mcb.cpa/medicare-enrollment-learn-the-basics/

Medicare Enrollment Period - Learn The Basics During Medicare's open enrollment, those eligible can choose plans that include traditional Medicare or Medicare Advantage plans.

More Will Have to E-File in New Year 10/30/2023

In recent years there has been tremendous growth in the availability of e-file services and the use of e-file. In 2021, about 82% of all corporate income tax returns were e-filed, and almost 90% of partnership tax returns were e-filed. But new rules, issued in early 2023, change a wide range of filing requirements. Here's what you need to know if you are considering e-filing this year: https://mcb.cpa/more-will-have-to-e-file-in-new-year/

More Will Have to E-File in New Year New rules, issued in 2023, change a wide range of e-file requirements. The goal is to increase e-filing without undue hardship on taxpayers.

How To Get Through a Tax Audit 10/26/2023

The dreaded tax audit: Here are a few tips on how to tackle it, and what your rights are if you are considering an appeal: https://mcb.cpa/how-to-get-through-a-tax-audit/

How To Get Through a Tax Audit IRS audits usually aren't completely random. Most tax audits begin a year after you file your return and are finished in less than a year.

10/24/2023

If you missed our latest Women in Business presentation with Dr. Eileen T. O'Grady check out this quick recap and connect with Dr. O'Grady to learn more about taking control of your wellness:
https://mcb.cpa/mcb-women-in-business-series-become-the-ceo-of-your-whole-life-featuring-dr-eileen-ogrady/

Is there a topic you'd like us to cover in our Women in Business Series? Let us know, and follow us to stay in touch!
Eileen O'Grady - Nurse Practitioner and Wellness Coach

10/23/2023

Hiring Alert! Openings for Staff Accountant and Tax Professionals.
In 2023, for the 8th time, we were once again named to Accounting Today’s Best Accounting Firms to Work For.
Learn more and join us: https://mcb.cpa/category/jobs/

Claiming the Mortgage Interest Deduction 10/19/2023

Our clients often ask us about the mortgage interest tax deduction.

How do you claim it and how much will it save you? We break it down here:

https://mcb.cpa/how-do-you-claim-the-mortgage-interest-tax-deduction/

Claiming the Mortgage Interest Deduction How much you save because of the mortgage interest deduction depends on the interest rate attached to your loan.

10/17/2023

Great "Women in Business Series" presentation today with tips on daily practices to truly flourish. From traits of successful CEOs to habit science to adopting "super powers" for designing the life you want, thank you to Dr. Eileen O'Grady for an inspiring 60 minutes. Follow us for updates on future Women in Business presentations!

10/17/2023

"Get quiet to access your wisdom." We are well underway for our Women in Business event today and Eileen T. O'Grady PhD, RN, PCC is sharing some great pearls to inspire us to be the CEOs of our entire life!

10/16/2023

A great day at the Springfield VA Knights of Columbus 5K Fun Run and Walk. Special thanks to all our team members who came out to support! Proceeds go to help Virginians with intellectual disabilities through the Knights of Columbus KOVAR Charity. Learn more: https://kovarva.org/

10/12/2023

Last chance to register for our virtual Women in Business event next Tuesday with Dr. Eileen O'Grady, known for her success helping women take control of their busy lives and build the motivation to flourish. She is the author of "Choosing Wellness," and has been featured on NPR's Talk of the Nation and Good Morning Washington. Register and join us: https://lnkd.in/eK_6NdX6

Required Minimum Distribution Rules 10/05/2023

Latest updates on rules for retirement accounts regarding distributions and withdrawals: https://mcb.cpa/required-minimum-distribution-rules/

Required Minimum Distribution Rules The required minimum distribution is the lowest amount of money that you must withdraw from said account every year.

09/28/2023

We are pleased to announce our firm has been named to Accounting Today’s Best Accounting Firms to Work For, achieving a ranking of #12 on the Best Midsized Firms national list. Read our official announcement and check out all the great firms on the list this year: https://lnkd.in/eQTSpskj

Accounting Today

How To Avoid Common Trust Errors 09/26/2023

5 Top Mistakes People Make When Setting Up Their Own Trust:
When people want to bypass probate, they often turn to trusts, which can help you establish legally backed instructions as to how your assets will be distributed after you pass away. Here, we take a look at common errors that people make when setting up their own trust accounts without professional guidance:
https://mcb.cpa/how-to-avoid-common-trust-errors/

How To Avoid Common Trust Errors When people want to bypass probate, they often turn to trusts. Another benefit of trusts is that they can help you establish legally backed instructions as to how your assets will be distributed after you pass away.

IRS Puts Brakes on ERC Processing 09/21/2023

Breaking News: the IRS has imposed an immediate halt on the processing of new claims for the Employee Retention Tax Credit (ERTC) — through the end of 2023. This will allow the IRS time to add more safeguards to prevent future abuse and protect businesses from predatory tactics. Learn more and contact our tax professionals with questions: https://mcb.cpa/irs-puts-brakes-on-erc-processing/

IRS Puts Brakes on ERC Processing A moratorium on processing of new ERC claims through year's end will allow IRS to add more safeguards to prevent future abuse.

09/19/2023

Our next Women in Business event is coming soon! Dr. Eileen O'Grady (as seen on NPR's Talk of the Nation and Good Morning Washington) joins us to share tips on setting boundaries, building resilience, lowering stress levels, saying no when you need to, and navigating difficult environments so many of us are inhabiting. Don't miss this free virtual event on October 17 at noon to become the CEO of your Life! Register: https://lnkd.in/eK_6NdX6
Eileen O'Grady - Nurse Practitioner and Wellness Coach

Photos from Matthews, Carter & Boyce's post 09/15/2023

Great to be at James Madison University for the in-person career fair this past week and to meet so many future financial professionals! Look for us to be back on campus in October — in the meantime check out our website for information on internships, company culture and more! https://mcb.cpa/

IRS Extends a Roth Catch-Up Requirement 09/14/2023

The IRS has extended a Roth catch-up requirement -- allowing earners age 50+ two more years to use pretax dollars for all of their retirement savings in 401(k)s and similar plans. As with most IRS announcements, the rules can be complex, reach out to us with questions. Learn more:
https://mcb.cpa/irs-extends-a-roth-catch-up-requirement/

IRS Extends a Roth Catch-Up Requirement The IRS has also clarified that plan participants who are age 50 and over can continue to make catch‑up contributions after 2023.

IRS Imposes E-Filing Requirements for Form 8300 09/12/2023

Businesses that receive more than $10,000 in cash must report transactions to the U.S. government. The IRS says this rule helps the government fight tax evaders, terrorists and other criminals. “The government can often trace money from these illegal activities through payments reported on Forms 8300 that are timely filed, complete and accurate,” says the IRS.

Now the IRS is taking a new step by requiring e-filing for Form 8300, if businesses are already mandated to e-file certain other information returns. Here's the latest:
https://mcb.cpa/irs-imposes-e-filing-requirements-for-form-8300/

IRS Imposes E-Filing Requirements for Form 8300 The IRS is taking a new step by requiring e-filing for Form 8300, if businesses are already mandated to e-file certain other information returns.

09/07/2023

As we head into September, we look back at one of our favorite summer memories — a trip to a Virginia farm! We rode horses and spent some time with cows, sheep, chickens and other animals — and thoroughly enjoyed our afternoon in the country. Friday on the farm should become an annual tradition!

Deciding When To Take Social Security Benefits 09/05/2023

Trying to decide when to take social security benefits? We've gathered the questions you should be considering as you weigh your options. We also share some little known facts, for example, there are instances when the month you opt to begin receiving benefits could result in higher payments for you and your loved ones. We break it down here: https://mcb.cpa/deciding-when-to-take-social-security-benefits/

Deciding When To Take Social Security Benefits The Social Security website, ssa.gov, provides a chart to calculate how much your benefit will be reduced based on your year of birth.

A New Look at SECURE Act 2.0 Issues 08/30/2023

SECURE Act 2.0's latest provisions have new incentives for people who participate in retirement savings accounts. For example, people ages 60 to 63 can make catch-up contributions of either $10,000 or 150% of the regular catch-up contribution value for 2024. Check out additional updates:

https://mcb.cpa/a-new-look-at-secure-act-2-0-issues/

A New Look at SECURE Act 2.0 Issues The SECURE Act 2.0 is part of the Consolidated Appropriations Act of 2023, but majority of the provisions won’t go into effect until later.

How To Help Bring Awareness to the EITC 08/28/2023

EMPLOYERS: If you have employees who experienced a major life change within the past year -- ie getting married or increasing the number of people in their family -- they may be eligible for the Earned Income Tax Credit. You can help your employees understand their status by urging them to look into whether they qualify for the EITC as well as any other potentially applicable tax credits. Here's who is eligible:
https://mcb.cpa/how-to-help-bring-awareness-to-the-eitc/

How To Help Bring Awareness to the EITC Whether it be switching jobs or getting married, there are many reasons why someone might be eligible for the Earned Income Tax Credit.

Prepare for the TCJA Sunset 08/24/2023

The Tax Cuts and Jobs Act ("TCJA") changed deductions, depreciation, expensing, tax credits and other tax items that affect businesses. Big changes are coming -- here's what
experts are predicting and recommending:
https://mcb.cpa/prepare-for-the-tcja-sunset/

Prepare for the TCJA Sunset Tax Cuts and Jobs Act largely winds down at the end of 2025. Most will see a decrease in the child tax credit and in the standard deduction.

New Form I-9 To Be Released 08/22/2023

This month, U.S. Citizenship and Immigration Services published a revised version of Form I-9, Employment Eligibility Verification. Here's a quick list of the changes, and a link to the new form:
https://mcb.cpa/new-form-i-9-to-be-released/

New Form I-9 To Be Released U.S. Citizenship and Immigration Services published a revised version of Form I-9, Employment Eligibility Verification.

Want your business to be the top-listed Accountant in Fairfax?
Click here to claim your Sponsored Listing.

Telephone

Address


12500 Fair Lakes Circle, Suite 260
Fairfax, VA
22033

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Other Fairfax accountants (show all)
Thompson Greenspon Thompson Greenspon
4035 Ridge Top Road Ste 700
Fairfax, 22030

Metro DC CPA firm and a trusted name in audit, accounting, tax, and advisory services for businesses and individuals.

SOTAX LLC SOTAX LLC
Fairfax, 22031

CAA - Certified Agent Authorize by IRS Individuals and Business Tax Preparation Payroll & Bookkeeping Efile

NumberSquad NumberSquad
10400 Eaton Place, STE 355
Fairfax, 22030

NumberSquad (www.NumberSquad.com) All-inclusive Financial Package Designed for the Self-Employed

GSS Advisors GSS Advisors
Fairfax

Mainly focus on - Tax Planning | Tax Preparation | Tax Resolution | Bookkeeping | Payroll

Rabah Tax Rabah Tax
11166 Fairfax Boulevard Ste 500-F 3
Fairfax, 22030

EasyUcr EasyUcr
4140 Timber Log Way
Fairfax, 22030

Easy UCR is part of The Paradigms Inc and we have established in the fields of electronic tolling, taxation, electronic logging solutions, education, healthcare, e-commerce, and co...

Dean Li and Magner, LLC Dean Li and Magner, LLC
3949 Pender Drive, Suite 120
Fairfax, 22030

Individual, small business, estate and trust income tax preparation.

Intellisource Financial Services CPA Intellisource Financial Services CPA
11208 Waples Mill Road, Suite 109
Fairfax, 22030

Intellisource Financial Services offers customized accounting and tax services for small businesses

Simple 2290 Simple 2290
4140 Timber Log Way
Fairfax, 22030

Simple 2290 was developed by a dedicated team of IT and Tax experts with the sole purpose of making