Renner and Company, CPA, P.C.

If you sold goods or services in 2023 and received payments through certain payment apps or online marketplaces or accepted payment cards, there’s a good chance you received a third-party reporting document Form 1099-K, Payment Card and Third Party Network Transactions. Click below to learn more!

For the third straight year, the readers of the Zebra Press chose Renner and Company as Best Accountant in Alexandria for the publication’s “Reader’s Choice Awards” survey.

Renner and Company is proud to announce that it has acquired the client list of William J. Sault, CPA, LLC, whose practice has been based out of Rockville, Maryland, for more than 27 years.

Important changes will take effect for Form 1099 filers for the upcoming tax season. Specifically, the final regulations will require certain filers to e-file. Changes made as part of the Taxpayer First Act (TFA) were intended to increase e-filing without undue hardship on taxpayers. Find out more below:

It’s been a busy couple months on the recruiting trail at Renner and Company. Always looking to grow the team, Renner representatives have ventured out to meet the next generation of business and accounting students. Staff members made visits to job fairs at Virginia Tech, George Mason, George Washington and Northern Virginia Community College in the past few months. Read more below!

As the demand grows for electric vehicles and incentives to go green with clean vehicles, so too does the number of people claiming the Electric Vehicle credit. If you buy a new electric car, you may qualify for a credit of up to $7,500. To learn more, click below!

Tax time comes every April, but there’s plenty you can do throughout the year to stay organized. What you do after tax day can affect the tax you pay or get back next year. Here are some handy year-round tips to assist with your tax planning.

For the second consecutive year, Renner and Company has been named to the list of the Best and Brightest Companies To Work For in the Nation. The National Association for Business Resources recently released its list of summer 2023 honorees, honoring 137 winning organizations across the country out of 1,100 nominations.

There will be a new filing requirement for businesses effective Jan. 1, 2024. In 2021, as part of the National Defense Act, the Financial Crimes Enforcement Network (FinCEN) created the Corporate Transparency Act. All business entities—domestic or foreign— that have filed formation documents with a U.S. state must file a Beneficial Ownership Information Report.

In this day and age of passwords, pins and two-step authentication, one security tool can make all the difference for taxpayers. Identity Protection PINs are the No. 1 security tool available from the IRS, according to the Electronic Tax Administration Advisory Committee.