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The tax rules of renting out a vacation property | accounting firm in alexandria va | WCS

Tax Prep, Planning & Strategy

The tax rules of renting out a vacation property

Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it…
A beneficiary designation or joint title can override your will | estate planning cpa in alexandria va | WCS

Estate & Wealth Transfer Planning

A beneficiary designation or joint title can override your will

Inattention to beneficiary designations and jointly titled assets can quickly unravel your estate plan. Suppose, for example, that your will…
5 ways to control your business insurance costs | accountant in alexandria va | WCS

Management Advisory Services & Business Consulting

5 ways to control your business insurance costs

Common sense dictates that every company, no matter how small, should carry various forms of business insurance. But that doesn’t mean you…
The election to apply the research tax credit against payroll taxes | Business Consulting Services in Alexandria VA | WCS

Management Advisory Services & Business Consulting

The election to apply the research tax credit against payroll taxes

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available…
Owning real estate in more than one state may multiply probate costs | Estate Planning CPA in Alexandria VA | CPA

Estate & Wealth Transfer Planning

Owning real estate in more than one state may multiply probate costs

One goal of estate planning is to avoid or minimize probate. This is particularly important if you own real estate in more than one state. Why?…
There still may be time to cut your tax bill with an IRA | tax accountant in washington dc | WCS CPA

Tax Prep, Planning & Strategy

There still may be time to cut your tax bill with an IRA

If you’re getting ready to file your 2021 tax return, and your tax bill is more than you’d like, there might still be a way to lower it.…

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