Ascend Accounting & Business Solutions

Ascend Accounting & Business Solutions, CPAs providing accounting, tax & consulting services to small/medium sized entities, their owners & individuals.

11/30/2021

Today's kicks off the season for 2021!

You can give in the form of...
* cash (cash, check credit/debit card --- ensure the credit/debit card processes on or before 12/31/2021 to count). For 2021, the law now allows you to take up to a $600 deduction against income (if you're not itemizing on Schedule A) for cash contributions to qualified charitable organizations (generally 501c3)

* make a qualified charitable distribution directly from your IRA (excluding SEP & SIMPLE IRA) AND if you are 70 1/2 or older --- bonus here is a distribution from your IRA may also count toward your required minimum distribution for 2021

* noncash such as household items, etc. --- donations valued $250 or more (per item or group of items) must have a receipt AND description of items received; if the value is $500 or more (per item or group of items), you must attach Form 8283 for each donation more than $500 (ex: Org A gets $550 & org B gets $600, need two Forms 8283); if the value is $5000 or more (per item or group) you must have an appraisal.

Not sure if the charitable organization you have in mind is qualified, try using the Tax Exempt Organization Search on IRS.gov at https://www.irs.gov/charities-non-profits/tax-exempt-organization-search .

While you're there, grab your latest paystub(s) for you (and spouse) and walk through the 5 question Tax Withholding Calculator at https://apps.irs.gov/app/tax-withholding-estimator to see how you are tracking for filing on 4/15/2022. There's at least 2 more paychecks and an estimated tax payment due on 1/15/2022 available to correct what may not be favorable.

Happy & !

IRS on Twitter 03/20/2020

IRS on Twitter

Currently, there seems to be some confusion about the tax deadline. It is our position that it is in your best interest to file your return or the extension by 4/15. Do not hold out till 7/15. Please let us know if you we can be of service. Practice safety and well being at all times not just in crisis.

https://twitter.com/IRSnews/status/1240669734028353538?s=19

IRS on Twitter “In response to , Treasury and allow most tax payments to be delayed until July 15. You need to file a return or request a filing extension by April 15. No other filing is necessary for payment extensions. See free options at: https://t.co/hEEWmgHA9V”

03/17/2020

The federal tax filing deadline and tax payments under $1 million has been extended for 90 days. Before you take "advantage" of the 90 day filing reprieve let's be sure that your state has also offered a filing extension. Currently, DC & MD have 4/15 deadline while VA tax deadline is 5/1.

01/19/2020

Life changes require a new W-4? Tired of increasing tax liabilities? Try out the improved IRS calculator!
https://www.irs.gov/newsroom/improved-tax-withholding-estimator-helps-workers-target-the-refund-they-want-shows-how-to-fill-out-new-2020-w-4

08/17/2019

As the school year begins, if you're an eligible educator (K-12 teacher, instructor, counselor, principal or aide for at least 900 hours a school year), you can deduct up to $250 of unreimbursed qualified trade/business expenses such as professional development, books, supplies, etc. Keep your receipts!

07/30/2019

VA sales tax holiday this weekend, 8/2-8/4.
MD sales tax holiday, 8/11-8/17.
https://www.taxadmin.org/2019-sales-tax-holiday

IRS Withholding Calculator | Internal Revenue Service 06/11/2019

IRS Withholding Calculator | Internal Revenue Service

Did you owe more in taxes in 2018 than expected? Maybe you received a significantly less refund. Get in front of unexpected tax situations today with the withholding calculator at https://www.irs.gov/individuals/irs-withholding-calculator. Let's discuss your results and strategize to minimize potential tax liabilities before it's too late!

IRS Withholding Calculator | Internal Revenue Service Check your tax withholding with the IRS Withholding Calculator, a tool that helps ensure you have the right amount of tax withheld from your paycheck.

Tax Scams / Consumer Alerts | Internal Revenue Service 06/07/2019

Tax Scams / Consumer Alerts | Internal Revenue Service

Tax scams happen year round! The 2 new ones involve SSN issue & a fake tax agency like Bureau of Tax enforcement. Visit for more info & sign up for alerts. Protect yourself & your personal information! https://t.co/uGaisWMGQv

Tax Scams / Consumer Alerts | Internal Revenue Service The IRS urges taxpayers not to fall victim to tax scams. If it sounds too good to be true, it probably is.

Simple Strategies To Help Anyone Improve Their Financial Literacy 02/11/2019

Simple Strategies To Help Anyone Improve Their Financial Literacy

There's always room for improvement! Here's some to help you better manage your budget & reach your goals.

Simple Strategies To Help Anyone Improve Their Financial Literacy Members of Forbes Finance Council offer tips for learning about and getting control over your personal finances.

Simple Strategies To Help Anyone Improve Their Financial Literacy 02/11/2019

Simple Strategies To Help Anyone Improve Their Financial Literacy

There's always room for improvement! Here's some to help you better manage your budget & reach your goals.

Simple Strategies To Help Anyone Improve Their Financial Literacy Members of Forbes Finance Council offer tips for learning about and getting control over your personal finances.

75 Years Ago, She Became the First African American Female CPA 02/08/2019

75 Years Ago, She Became the First African American Female CPA

Honoring CPAs of color, especially Mary T. Washington, that paved the way. Thank you all!

75 Years Ago, She Became the First African American Female CPA In 1939, when virtually no firms would hire African-Americans or females, let alone an African-American female, she began her own firm in a basement on the South Side of Chicago where she opened doors for future generations of African-American ...

About Form 1040 | Internal Revenue Service 01/02/2019

About Form 1040 | Internal Revenue Service

! Nothing says "out with the old & in with the new" like the new Form 1040! The TCJA changed many aspects for filing your 2018 . Be ready! Be informed! https://t.co/C6QIlmMX8v

About Form 1040 | Internal Revenue Service Information about Form 1040, U.S. Individual Income Tax Return, including recent updates, related forms and instructions on how to file. Form 1040 is used by citizens or residents of the United States to file an annual income tax return.

12/25/2018

Wishing you and yours the best of the holiday season and a prosperous new year!

11/11/2018

Happy Veterans Day! Thank you for your service!

Get 2019 health coverage. Health Insurance Marketplace 10/29/2018

Get 2019 health coverage. Health Insurance Marketplace

Marketplace open enrollment starts this week; 11/1/18 - 12/15/18. Visit healthcare.gov to review 2019 plan options.

Get 2019 health coverage. Health Insurance Marketplace Official site of Affordable Care Act. Enroll now for 2019 coverage. See health coverage choices, ways to save today, how law affects you.

Tax Relief in Disaster Situations | Internal Revenue Service 10/12/2018

Tax Relief in Disaster Situations | Internal Revenue Service

https://www.irs.gov/newsroom/tax-relief-in-disaster-situations

Tax Relief in Disaster Situations | Internal Revenue Service Find information on the most recent tax relief provisions for taxpayers affected by disaster situations.

Search for and claim forgotten money that may be due you from the official government agencies. 10/12/2018

Search for and claim forgotten money that may be due you from the official government agencies.

Do you want to know if you have unclaimed money/property, wages, life insurance, taxes, etc? Check the states you have lived in at https://www.unclaimed.org/. Let us know if anything turns up in your favor!

Search for and claim forgotten money that may be due you from the official government agencies. Common forms of unclaimed property include savings and checking accounts, stocks, dividends, uncashed payroll checks, life insurance policies & premium refunds, utility security deposits, mineral royalties, and contents of safe deposit boxes...

Unclaimed Money from the Government | USAGov 10/12/2018

Unclaimed Money from the Government | USAGov

Do you want to know if you have unclaimed money/property, wages, taxes, life insurance, etc? Check the states you have lived in at https://www.unclaimed.org/. Happy Claiming! Let us know if anything turns up in your favor!

Unclaimed Money from the Government | USAGov Find unclaimed funds held by the government that might be owed to you.

IR-2018-197: IRS to highlight tax reform changes affecting small businesses; Small business owners, self-employed should plan now for new changes 10/10/2018

IR-2018-197: IRS to highlight tax reform changes affecting small businesses; Small business owners, self-employed should plan now for new changes

Small businesses need to plan for new tax law changes effective 1/1/18

IR-2018-197: IRS to highlight tax reform changes affecting small businesses; Small business owners, self-employed should plan now for new changes IRS to highlight tax reform changes affecting small businesses; Small business owners, self-employed should plan now for new changes

Ascend Acctg Biz Sol on Twitter 10/10/2018

Ascend Acctg Biz Sol on Twitter

https://twitter.com/Ascend_CPA/status/1049852175088869381?s=19

Ascend Acctg Biz Sol on Twitter “Last day to file your taxes & register to vote in Virginia is 10/15/18! Check your registration status here: https://t.co/vYVzzlZnHV”

Ascend Acctg Biz Sol on Twitter 10/02/2018

Ascend Acctg Biz Sol on Twitter

https://twitter.com/Ascend_CPA/status/1046944003906834432?s=19

Ascend Acctg Biz Sol on Twitter “1st day of last quarter of the year, you may still have some time to correct your withholding for 2018! Do a and check that you have the right tax withheld. https://t.co/5xCAB2Wb1E”

09/18/2018

Looking forward to this event!

Taxpayer Bill of Rights | Internal Revenue Service 09/17/2018

Taxpayer Bill of Rights | Internal Revenue Service

Did you know taxpayers have rights when interacting with the IRS? Know your taxpayer rights! https://www.irs.gov/taxpayer-bill-of-rights

Taxpayer Bill of Rights | Internal Revenue Service Each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the IRS. Explore your rights and our obligations to protect them. The Right to Be InformedThe Right to Quality ServiceThe Right to Pay No More than the Correct Amount of TaxThe Right to Challenge the IR...

09/14/2018

Third quarter estimated tax payment due Sept. 17

Ascend Acctg Biz Sol on Twitter 08/14/2018

Ascend Acctg Biz Sol on Twitter

https://twitter.com/Ascend_CPA/status/1029408477528162304?s=19

Ascend Acctg Biz Sol on Twitter “The Tax Cut & Jobs Act enacted in December made some significant changes to the tax law that may have an impact on high-income/complex tax returns. Call today, don't wait til 4/15/19 to prepare!”

07/25/2018

Get ready for your sales tax holidays! VA is 8/3-8/5 (https://t.co/SUXgZiYDfZ) & MD is 8/12-8/18 (https://t.co/7hAq3suune)

Ascend Acctg Biz Sol on Twitter 07/18/2018

Ascend Acctg Biz Sol on Twitter

Ascend Acctg Biz Sol on Twitter “Your initial contact with the IRS will never be via a phone call! They will not ask you to pay taxes on a gift card or apple iTunes card. Please beware of these scams!”

Ascend Acctg Biz Sol on Twitter 07/17/2018

Ascend Acctg Biz Sol on Twitter

What is this 20% deduction on pass-thru income?

Ascend Acctg Biz Sol on Twitter “Contact @Ascend_CPA today to understand how you can get a 20% deduction on qualified business income from pass-thru entities!”

07/04/2018

The New IRS Form 1040 -- 5 Things You Need to Know -- The Motley Fool

The New IRS Form 1040 -- 5 Things You Need to Know -- The Motley Fool The IRS recently released a draft of its new Form 1040 that every American taxpayer will use to file their 2018 tax returns early next year. And as expected, the new form is significantly different than the one it replaces. With that in mind, here are the five most important takeaways from the newly...

04/18/2018

News Alert: IRS to extend tax deadline by one day after agency’s Tax Day technology collapse

When It's Safe to Shred Your Tax Records 04/05/2018

When It's Safe to Shred Your Tax Records

Not sure when, what tax info to shred? Here's some good guidance from Kiplinger.

When It's Safe to Shred Your Tax Records Many records are no longer needed three years after filing your tax return, but you may have to keep documents involving the purchase of a house or investments for years longer.

01/30/2018

Happy Tax Season! Today kicks off the filing season of your 2017 taxes which are due on 4/18/2018! Reminder: If you claim the earned income tax credit (EITC) or the additional child tax credit (ACTC) on your tax return, the IRS must hold your refund until at least February 15 — even the portion not associated with EITC or ACTC. After you file your return, the best way to track your refund is Where's My Refund at https://www.irs.gov/refunds.
@Ascend_CPA

Northern Virginia’s Children’s Science Center finds permanent home in Loudoun 07/12/2017

Northern Virginia’s Children’s Science Center finds permanent home in Loudoun

Nice article on @Children's Science Center
https://www.washingtonpost.com/local/northern-virginias-childrens-science-center-finds-permanent-home-in-loudoun/2017/07/07/6b771eae-6318-11e7-8adc-fea80e32bf47_story.html?utm_term=.0e68b36347b1

Northern Virginia’s Children’s Science Center finds permanent home in Loudoun Fundraising is underway for a larger space to house the hands-on educational museum.

Category

Telephone

Address


21155 Whitfield Place Suite 201
Sterling, VA
20165

Other Business Services in Sterling (show all)
i3solutions i3solutions
21515 Ridgetop Cir Ste 260
Sterling, 20166

i3solutions creates digital experiences that helps customers use data to improve decision-making, productivity & business processes

Dulles Electric Supply Dulles Electric Supply
22570 Shaw Rd
Sterling, 20166

Dulles Electric Supply Has Been a Leader in the Lighting Industry Since 1985

ArchiBIM, Inc. - Renderings, Scale Models, BIM ArchiBIM, Inc. - Renderings, Scale Models, BIM
22135 Davis Dr
Sterling, 20164

One-Stop Shop for every Developer, Home Builder, Architect, Marketing Agency.

ColorCraft of Virginia ColorCraft of Virginia
22645 Sally Ride Dr
Sterling, 20164

Commercial & Digital Printer while also functioning as a Marketing Service Provider.

Environmental Enhancements, Inc. Environmental Enhancements, Inc.
22182 Shaw Rd
Sterling, 20166

We offer 100% ORGANIC lawn care and tick/mosquito control. Safe for kids, non-toxic to pets, and good for the planet. Serving Northern Virginia.

Fox Pest Control - D.C. West Fox Pest Control - D.C. West
22560 Glenn Dr Ste. 116
Sterling, 20164

One summer job. Empowered for life.

Luxury Egyptian Linens Luxury Egyptian Linens
21010 Southbank Street, Suite 215
Sterling, 20166

We specialize in the finest 100% Egyptian Cotton First-class bed linens worthy of the most elite hotels and homes! We work directly with factories to cut middle man costs. This way we can sell for considerably less than other online retailers.

Construction Bonds, Inc. a division of Murray Construction Bonds, Inc. a division of Murray
22365 Broderick Drive Suite 310
Sterling, 20166

Construction Bonds, Inc. works with customers to prepare the facts needed to acquire an accurate and timely bond. We believe fairness, honesty and common sense are important assets in helping construction-related businesses obtain the bonds needed to bid

VRY Cleaning Services VRY Cleaning Services
6 Pidgeon Hill Drive
Sterling, 20165

We provide a better, cleaner, and safer environment for your employees and customers. Our main goal

AWI-Architectural Woodwork Institute AWI-Architectural Woodwork Institute
46179 Westlake Dr
Sterling, 20165

The Authoritative Resource for Excellence in Architectural Woodwork

Gingerbread Productions Gingerbread Productions
1323 Shepard Dr, Unit EYE
Sterling, 20164

Founded in 1987, Gingerbread Productions is a full service video & media production company located in Northern Virginia. Email: [email protected] Website: gingerbreadproductions.com

Oasis Plantscaping LLC Oasis Plantscaping LLC
45915 Maries Rd #150
Sterling, 20166