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We evaluate the simplified and regular methods and use the one that fits your records and situation.
Griffin & Johnson prepares federal and Virginia returns for freelancers, contractors, and small business owners. We look closely at your income, expenses, and entity structure so your return reflects your business accurately and claims the deductions you are entitled to.
We review the records you provide and apply the method that fits your facts and the rules for the tax year.
We evaluate the simplified and regular methods and use the one that fits your records and situation.
Standard mileage or actual expenses, with the documentation each method requires.
May be deductible above the line, subject to eligibility and income limits.
Contributions can reduce taxable income. Limits depend on the plan, tax year, age, and compensation.
Section 199A may reduce tax for eligible pass-through owners, depending on income, business type, and other factors.
Section 179 and bonus depreciation may allow faster deductions for qualifying purchases.
Arlington has independent consultants, professional-services firms, and owners who work with federal agencies and defense contractors. Griffin & Johnson prepares federal and Virginia returns for Arlington sole proprietors, LLCs, partnerships, and S corporations.
Williamsburg has family-owned companies, independent professionals, contractors, and businesses with seasonal income. Griffin & Johnson prepares their federal and Virginia returns.
An S corporation election may reduce self-employment tax when it is paired with reasonable compensation. It is not right for every business, and savings are not guaranteed.
Built for owners whose entity, income, payroll, or filing obligations need closer review.
Sole proprietors and single-member LLCs whose profit has grown.
Owners who have not reviewed compensation or filing procedures recently.
Multi-member LLCs that need careful K-1, basis, and allocation work.
Owners managing payroll, W-2 reporting, or 1099 contractors.
Consultants and contractors working in Arlington and Northern Virginia.
Owners who live or earn income across Virginia, Maryland, or Washington, D.C.
Complete records help us prepare the return accurately and identify missing information before filing.
Federal and Virginia returns for sole proprietors, LLCs, partnerships, and S corporations, plus the owner's personal return when included in the engagement.
Modeling sole proprietor, LLC, and S corporation outcomes using the owner's actual numbers and expected costs.
Reasonable-compensation review for S corporation owners based on the work performed and the available facts.
Review of SEP-IRA, SIMPLE IRA, and Solo 401(k) options. Contribution limits depend on the tax year, age, compensation, and plan structure.
For clients enrolled in a year-round planning engagement, scheduled reviews help address tax decisions while there is still time to act. The exact meetings and deliverables are defined in the engagement.
Complete the prior-year return, build the estimated-payment schedule, review entity questions, and confirm retirement contribution deadlines.
Compare actual results with projections, adjust estimated payments when needed, and review owner compensation and documented purchases.
Review open decisions involving equipment, retirement contributions, estimated payments, and the timing of income and expenses.
Complete the agreed year-end steps, confirm funding deadlines, calculate final estimates, and document the remaining tax information.
It can. Pass-through income flows to the personal return, so preparing both can help keep the figures consistent. The scope is confirmed during intake.
We can review whether an election makes sense for your numbers and prepare the required returns. Tax savings are not guaranteed.
Eligible partnerships and S corporations may elect to pay Virginia income tax at the entity level, with corresponding credits for eligible owners. We evaluate the election case by case.
Multistate income can require additional returns and credits. We review where you live, work, and operate the business.
We review the related tax-reporting questions and coordinate with the payroll provider when needed.
Not always. Estimated payments, retirement funding, and equipment purchase timing may still be open before year-end.
Submit your intake form and we will follow up about the records, scope, timing, and fees for your engagement.