Affluent Financial Services is a US Based CPA firm. Our core services include Financial Audits, CFO Services, Bookkeeping & Tax Services.
(301) 921 8585
Throughout the COVID scenario globally, beginning with the advent of the unpredicted pandemic to the subsequent lockdowns to save lives from this deadly virus, most of the Financial firms faced the blunt challenge of meeting their clients face-to-face, which otherwise…
The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be…
Comptroller Peter Franchot today announced that he is extending the state income tax filing deadline until July 15, 2021. No interest or penalties will be assessed if returns are filed and taxes are paid by the new deadline. The extension,…
It’s clear that the internet and technology have made life easier in different ways. And online tax filing services is yet another example. Gone are the days that you had to struggle with a pencil and a paper to comprehend what the…
Major Tax Benefits of ESOP Some of the important tax benefits of ESOP are given below: 1- Contributions of Stock are Tax-Deductible That means companies can get a current cash flow advantage by issuing new shares or treasury shares to…
More often, trust and estate planning attorneys advise their clients about the importance of trust, trust arrangements and its benefits. This is effective especially for a family member or a friend with a disability. Before discussing how trusts are taxed…
What is a Tax Season? The tax season is one of the most important- and most stressful events for every taxpayer or business owner. The preparation, complexity of the tax code and having to prepare a check to the government…
Tax Return Preparation Software for Professionals Tax preparation is indeed a huge work and responsibility- that’s why many business owners opt to hire a CFO professional. If you are just starting your business and you’re budget is not yet that…
For business owners, focusing on financial management can be a little stressful. This is because it requires focus, accuracy and credibility. This might be difficult for business owners to focus on other aspects of their business, that’s why they hire…
Tax Preparation Checklist Aside from the traditional New Year’s resolution to prepare for the year ahead, it’s filing of taxes that we also need to fulfill this year. Even if you are not a typical early filer, preparing early for…