Business & Financial Solutions
Business & Financial Solutions
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Monthly Archives: July 2020

Temporary Changes Regarding Charitable Contributions For 2020

Temporary Changes Regarding Charitable Contributions For 2020

In 2020, individuals and businesses can take advantage of temporary changes regarding charitable contributions. Individuals can deduct qualified contributions of up to 100 percent of their adjusted gross income in 2020. Corporations can deduct qualified contributions of up to 25 percent of their taxable income. Any contributions exceeding that amount can carry over to the next tax year 2021.... continue reading →
Guidance And What’s New After The Pandemic

Guidance And What’s New After The Pandemic

A variety of changes are underway for individuals and businesses as a result of the pandemic. We hope that this page will help you understand some of the changes, and how they might affect you. Here, you will find links to articles that might be helpful. Employers – Sick and Family Leave Reporting Employers will be interested in reporting... continue reading →

Recent Posts

  • IRS Taxpayer Rights What Are They, What Is The Right To Finality
  • Temporary Change To Business Meal Deduction For 2021 & 2022
  • How Seniors Can Use Required Minimum Distribution (RMDs) In IRA For Charity & Lower Taxes
  • Short Term Capital Gains Tax On Crypto You Bought & Sold in 2021
  • 7 Important Things Taxpayers Should Consider When Selling a House

Archives

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Office Locations In Maryland

5100 Buckeystown Pike Ste 250,
Frederick, MD 21704

17 W Jefferson St Ste 007,
Rockville, MD 20850

Office Location In Virginia

7918 Jones Branch Drive, Ste 405,
Tysons VA 22102

About BFS

Visit us in McLean Virginia, Frederick or Rockville, Maryland (Washington DC Metro Area)

Phone toll free: (855) 557-2222
Fax: (240) 297-1054
E-mail: info@bfswebsite.com

Business & Financial Solutions is a tax and accounting CPA firm. Our offices are located in Fairfax County, VA and Montgomery and Frederick Counties, MD. Our company is highly motivated in helping individuals and companies (private and non-profit) become successful in start-ups. BFS offers assistance with ongoing small to mid-size business management, consulting, accounting and a variety of tax services.

Maryland, Virginia, Washington DC
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