Sullivan & Company

"I can't recommend Sullivan & Company highly enough! I've worked with Paul Sullivan for more than 25 years, and am so grateful for his steady, experienced advice. On accounting, business formation, and financial issues, his counsel is incredibly valuable. He has built a wonderful company, filled with talented, hard-working, honest people. Ryan Beckett, in particular, is a gem - he is incredibly responsive and very.." says Anne on Google

Sullivan & Company CPAs | Bethesda, MD ★★★★★ I can't recommend Sullivan & Company highly enough! I've worked with Paul Sullivan for more than 25 years, and am so grateful for his steady, experienced advice. On accounting, business formation, and financial issues, his counsel is incredibly valuable. He has built a wonderful comp...

"Loida and Leah shows such great service, and I appreciate the time and dedication. Thank you for doing an awesome job" says Yame on Google

Sullivan & Company CPAs | Bethesda, MD ★★★★★ Loida and Leah shows such great service, and I appreciate the time and dedication. Thank you for doing an awesome job

"Paul Sullivan and his team are wonderful. When I have a question, I receive timely and clear responses. Mr. Sullivan has provided extremely helpful guidance for me, both for personal and business taxes, and I would confidently recommend him and his team to anyone." says Alisa on Google

Sullivan & Company CPAs | Bethesda, MD ★★★★★ Paul Sullivan and his team are wonderful. When I have a question, I receive timely and clear responses. Mr. Sullivan has provided extremely helpful guidance for me, both for personal and business taxes, and I would confidently recommend him and his team to anyone.

"Sullivan & Co are very professional to work with. They communicate well and are organized, whether basic annual taxes or helping set up and advise on more complex business structures. Highly recommend to anyone in DMV area" says Grant on Google

Sullivan & Company CPAs | Bethesda, MD ★★★★★ Sullivan & Co are very professional to work with. They communicate well and are organized, whether basic annual taxes or helping set up and advise on more complex business structures. Highly recommend to anyone in DMV area

"In 2020, the Owner of our company passed unexpectedly. As the only remaining Corporate Officer and the Executor of the Owner's vast estate, I was tasked with finding both accountants and legal advisors to address the myriad of filings. Sullivan & Co. was conveniently located within walking distance of our offices and advertised all the accounting services I would require so I started there. I was pleasantly surprised.." says Karen on Google

Sullivan & Company CPAs | Bethesda, MD ★★★★★ In 2020, the Owner of our company passed unexpectedly. As the only remaining Corporate Officer and the Executor of the Owner's vast estate, I was tasked with finding both accountants and legal advisors to address the myriad of filings. Sullivan & Co. was conveniently located within w...

"I have known Sullivan & Company CPAs for approximately 30 years .They provided all of my accounting needs for my HVAC company then into my retirement and still do my yearly taxes to date. They are very well organized company and can provide all of your accounting needs .I would strongly recommend them" says Bob on Google

Sullivan & Company CPAs | Bethesda, MD ★★★★★ I have known Sullivan & Company CPAs for approximately 30 years .They provided all of my accounting needs for my HVAC company then into my retirement and still do my yearly taxes to date. They are very well organized company and can provide all of your accounting needs .I would stron...

"Great company! I have complete confidence in their ability to handle my tax issues competently and efficiently, AND they're really nice to deal with. Couldn't be happier with themQ" says Katherine on Google

Sullivan & Company CPAs | Bethesda, MD ★★★★★ Great company! I have complete confidence in their ability to handle my tax issues competently and efficiently, AND they're really nice to deal with. Couldn't be happier with themQ

"Outstanding personalized Service. I've been using Sullivan and Co. for all my tax needs for the past 30 years and have always been satisfied." says Matt on Google

Sullivan & Company CPAs | Bethesda, MD ★★★★★ Outstanding personalized Service. I've been using Sullivan and Co. for all my tax needs for the past 30 years and have always been satisfied.

"better" says Murphy on Google

Sullivan & Company CPAs | Behesda, MD ★★★★★ better

Business Related Travel Deductions - Sullivan & Company CPAs - Business travel deductions are available when employees travel away from their tax home or principal place of work for business reasons. With inflation on the rise, business travel is more costly than ever. Hotel bills, airfare or train tickets, cab fares, and public transportation can all add up fast.

Business Related Travel Deductions - Sullivan & Co. CPAs Business travel deductions are available when employees travel away from their tax home or principal place of work for business reasons. With inflation on the rise, business travel is more costly than ever. Hotel bills, airfare or train tickets, cab fares, and public transportation can all add up fa...

"Sullivan went far and above the call of duty to help our small homeowner's association manage the sale of an abandoned home, spending hours of uncompensated time -- reaching the mortgage company, dealing with the trust, persuading the co-trustee, and much more. We can't thank them enough!" says Dan on Google

Sullivan & Company CPAs | Behesda, MD ★★★★★ Sullivan went far and above the call of duty to help our small homeowner's association manage the sale of an abandoned home, spending hours of uncompensated time -- reaching the mortgage company, dealing with the trust, persuading the co-trustee, and much more. We can't thank them en...

"Our accountant of almost 15 years retired and recommended Sullivan and Company to us about 3 years ago. We have been working with them ever since and have been highly satisfied with their services. We have worked most closely with Rahul Kedia who has been very responsive, professional and helpful with our small business tax matters. We highly recommend their firm." says Eva on Google

Sullivan & Company CPAs | Behesda, MD ★★★★★ Our accountant of almost 15 years retired and recommended Sullivan and Company to us about 3 years ago. We have been working with them ever since and have been highly satisfied with their services. We have worked most closely with Rahul Kedia who has been very responsive, professiona...

Key Tax Provisions Of The Inflation Reduction Act Of 2022 - The Inflation Reduction Act (IRA), signed into law on August 16, 2022, includes tax provisions affecting businesses, individuals, the clean-energy industry, healthcare, and more. Let's take a look:

Key Tax Provisions Of The Inflation Reduction Act Of 2022 - Sullivan & Co. CPAs The Inflation Reduction Act (IRA), signed into law on August 16, 2022, includes tax provisions affecting businesses, individuals, the clean-energy industry, healthcare, and more. Let's take a look:

Qualified Charitable Distributions From IRAs - Sullivan & Co CPAs - If you're a retiree aged 70 1/2 or older, consider taking advantage of legislation that allows you to reduce or eliminate the amount of income tax on IRA withdrawals transferred directly to a qualified charitable organization.

Qualified Charitable Distributions From IRAs - Sullivan & Co. CPAs If you're a retiree aged 70 1/2 or older, consider taking advantage of legislation that allows you to reduce or eliminate the amount of income tax on IRA withdrawals transferred directly to a qualified charitable organization.

Dirty Dozen Tax Scams For 2022 - Sullivan & Company CPAs - The "Dirty Dozen" is a list of common tax scams that target taxpayers. Compiled and issued annually by the IRS, it includes a number of aggressive and evolving schemes that taxpayers should avoid. Let's take a look at this year's "Dirty Dozen" tax scams.

Dirty Dozen Tax Scams For 2022 - Sullivan & Co. CPAs The "Dirty Dozen" is a list of common tax scams that target taxpayers. Compiled and issued annually by the IRS, it includes a number of aggressive and evolving schemes that taxpayers should avoid. Let's take a look at this year's "Dirty Dozen" tax scams:

Archer June 20, 2022 Market Outlook and Update: The Bear is Awake Again - Sullivan & Co. - We were hoping to wait until the June 30 date to put out our outlook and update, but the bear keeps growling so we thought we may provide some perspective of the markets and what we can expect in the days, months, and years ahead.

Archer June 20, 2022 Market Outlook and Update - Sullivan Wealth Management We were hoping to wait until the June 30 date to put out our outlook and update, but the bear keeps growling so we thought we may provide some perspective of the markets and what we can expect in the days, months, and years ahead.

10 Tips To Help You Get Started Saving For Retirement - It's never too late to start, but the sooner you begin saving, the more time your money has to grow. That's because gains each year build on the prior year's gains thanks to the power of compound interest - and it's the best way to accumulate wealth. Let's look at ten tips to help you get started.

10 Tips To Help You Get Started Saving For Retirement - Sullivan & Co. CPAs It's never too late to start, but the sooner you begin saving, the more time your money has to grow. That's because gains each year build on the prior year's gains thanks to the power of compound interest - and it's the best way to accumulate wealth. Let's look at ten tips to help you get started:

Sullivan Wealth Management - Archer May 6, 2022 Market Update - The stock market is volatile and interest rates are rising. The S&P 500 as this is written is down nearly 13% and the Aggregate bond market is down 10%. At first glance this gives us all pause and puts some scare into opening our quarterly and monthly investment statements. However, let's put this into perspective.

Archer May 6, 2022 Market Update - Sullivan Wealth Management The S&P 500 as this is written is down nearly 13% and the Aggregate bond market is down 10%. At first glance this gives us all pause and puts some scare into opening our quarterly and monthly investment statements. However, let's put this into perspective. The S&P 500 which is the largest 500 sto...

ESTIMATED TAX PAYMENTS: THE FACTS - Estimated tax is the method used to pay tax on income that is not subject to withholding, including income from self-employment, interest, dividends, alimony, rent, and gains from the sale of assets, prizes, and awards. You also may have to pay estimated tax if the amount of income tax being withheld from your salary, pension, or other income is not enough.

Estimated Tax Payments: The Facts - Sullivan & Co. CPAs Estimated tax is the method used to pay tax on income that is not subject to withholding, including income from self-employment, interest, dividends, alimony, rent, and gains from the sale of assets, prizes, and awards. You also may have to pay estimated tax if the amount of income tax being withhel...

Avoid These 10 Common Errors Filing A Tax Return - While not all mistakes on tax returns cause delays in refunds, as the April 18 deadline approaches, taxpayers are advised to steer clear of the common tax return errors listed below to ensure a timely refund.

Avoid These 10 Common Errors Filing A Tax Return - Sullivan & Co. CPAs While not all mistakes on tax returns cause delays in refunds, as the April 18 deadline approaches, taxpayers are advised to steer clear of the common tax return errors listed below to ensure a timely refund.

What's New For IRS Form 1040 This Year - If you've gathered your tax documents and are ready to tackle your tax return, there's one more step you should take: becoming familiar with what's new on the 2021 Form 1040. While the format of Form 1040 and its schedules remain similar to 2020, there are several changes. Many of these changes can be attributed to the American Rescue Plan Act of 2021 (ARP).

What's New For IRS Form 1040 This Year - Sullivan & Co. CPAs If you've gathered your tax documents and are ready to tackle your tax return, there's one more step you should take: becoming familiar with what's new on the 2021 Form 1040. While the format of Form 1040 and its schedules remain similar to 2020, there are several changes. Many of these changes can....

Archer March 1, 2022 Update: The Invasion of Ukraine by Russia are beginning to affect the markets: These are difficult times with world tensions running high. War is not a simple problem, nor is there a simple solution and it often creates havoc and discourse throughout the world.

Archer March 1, 2022 Update - Sullivan Wealth Management These are difficult times with world tensions running high. War is not a simple problem, nor is there a simple solution and it often creates havoc and discourse throughout the world.

PPP Round 2 Forgiveness - We are sending you this memo to alert you that the PPP Round 2 Loan Forgiveness due date is approaching. For clients that have hired us to handle the forgiveness, we have completed or expect to complete it shortly.

Sullivan & Co., CPAs - PPP Round 2 Forgiveness We are sending you this memo to alert you that the PPP Round 2 Loan Forgiveness due date is approaching. For clients that have hired us to handle the forgiveness, we have completed or expect to complete it shortly.

Form 1099-NEC for Nonemployee Compensation and Form 1099-MISC for Miscellaneous Income | We are sending you this memo to inform you of the requirements for Form 1099-NEC and Form 1099-MISC.

Sullivan & Co., CPAs - Form 1099-NEC for Nonemployee Compensation and Form 1099-MISC for Miscellaneous Income If you would like our assistance in preparing 2021 Forms 1099-NEC and Forms 1099-MISC for your company, please forward the following to us by January 10, 2022:

Highlights Of The Infrastructure Investment And Jobs Act - While the recently passed Infrastructure Investment and Jobs Act primarily addresses infrastructure-related issues, it includes several tax provisions affecting individuals and small business taxpayers.

Highlights Of The Infrastructure Investment And Jobs Act - Sullivan & Co. CPAs While the recently passed Infrastructure Investment and Jobs Act primarily addresses infrastructure-related issues, it includes several tax provisions affecting individuals and small business taxpayers. Let's take a look:

Paper Checks vs. Electronic Payments - We are writing this memo to recommend and emphasize that it is preferable to pay tax payments electronically rather than sending paper checks.

Sullivan & Co., CPAs - Paper Checks vs. Electronic Payments We are writing this memo to recommend and emphasize that it is preferable to pay tax payments electronically rather than sending paper checks. With the continuing problems with the US Postal Service and the government processing of paper checks, it is becoming more important for you to pay taxes ele...

Business Owners: 2021 Year-End Tax Planning Strategies - Several end-of-year tax planning strategies are available to business owners to reduce their tax liability. Let's take a look.

Business Owners: 2021 Year-End Tax Planning Strategies - Sullivan & Co. CPAs Several end-of-year tax planning strategies are available to business owners to reduce their tax liability. Let's take a look:

Divorce is a painful reality for many people, both emotionally and financially. Quite often, the last thing on anyone's mind is the effect a divorce or separation will have on their tax situation.

Tax Rules for Divorce and Alimony Payments - Sullivan & Co. CPAs

Key tax provisions in the American Rescue Plan Act of 2021 could affect your tax situation. Here's what you need to know:

Key Tax Changes Could Affect Your Tax Situation In 2021 - Sullivan & Co. CPAs

The Internal Revenue Service has started sending letters to more than 36 million American families who, based on tax returns filed with the agency, may be eligible to receive monthly Child Tax Credit payments starting July 15, 2021.

Advance Child Tax Credit Payments Started This Month - Sullivan & Co. CPAs The Internal Revenue Service has started sending letters to more than 36 million American families who, based on tax returns filed with the agency, may be eligible to receive monthly Child Tax Credit payments starting July 15, 2021. Here's what families need to know:

Sullivan & Co CPAs - SBA PPP Loan Reports Statistics: Many of you have participated in the PPP Loan Program. We enclose statistics (click the link below) recently released which will provide you some information on the loans that occurred. We are hoping for additional funding shortly. Please call me if you have questions about your particular situation.http://www.paulsullivancpa.com/pdf/200416-SBA-PPP-Loan-Report.pdf

Archer 2020 2nd Quarter Outlook: Baseball's backstop. As you all know, baseball, America's past time is on hold. If you have ever seen a baseball game or been to one, there are times when it is boring, and times when it is exciting. Let's think of the market like a baseball game with two very good teams.

2020 2nd Quarter Outlook - Sullivan Wealth Management As you all know, baseball, America's past time is on hold. If you have ever seen a baseball game or been to one, there are times when it is boring, and times when it is exciting. Let's think of the market like a baseball game with two very good teams.

Thurs. March 26, 2020 Market Update - History 101: Many times we look at situations in the stock market and believe they are unprecedented because we have not seen anything like it in our own lifetime. In 2008-2009 nearly 22 million workers lost their jobs. It is possible we will see 6 million job losses due to the coronavirus or as high as 25 million for the most pessimistic of those among us.

Thurs. March 26, 2020 Special Update - Sullivan Wealth Management History 101: Many times we look at situations in the stock market and believe they are unprecedented because we have not seen anything like it in our own lifetime.

We are sending you a chart to reference regarding changed deadlines for IRS, Maryland, Virginia, and DC. We have also included other information for business assistance.

Changed Due Dates & Other Information - Sullivan & Co CPAs We are sending you the chart below (click here) to reference regarding changed deadlines for IRS, Maryland, Virginia, and DC. We have also included other information for business assistance.

It's Not Too Late to Make an IRA Contribution - If you haven't contributed funds to an Individual Retirement Account (IRA) for tax year 2019, or if you've put in less than the maximum allowed, you still have time to do so. You can contribute to either a traditional or Roth IRA until the April 15th due date, not including extensions.

it's not too late to make an IRA contribution - Sullivan & Co. CPAs If you haven't contributed funds to an Individual Retirement Account (IRA) for tax year 2019, or if you've put in less than the maximum allowed, you still have time to do so. You can contribute to either a traditional or Roth IRA until the April 15th due date, not including extensions.

In this current economic situation, if you have a business or accounting question that you need some advice on, you can give me a call. We're operating here business as usual. My direct number is 240-316-3531 and if you get my voice mail just leave me a message and I'll call you back. Paul

We are sending you this memo to let you know that Sullivan & Company, CPAs is open & conducting normal business operations. We continue to serve our client’s tax season and don’t expect any interruptions or events that prevent us from serving your needs. Our team is working diligently for you in our offices and/or remotely as may be applicable. As always, please give us a call at 301-657-8080 or 240-800-4300.

Conducting Normal Business Operations - Sullivan & Co CPAs We are sending you this memo to let you know that Sullivan & Company, CPAs is open and conducting normal business operations. We continue to serve our client’s tax season and don’t expect any interruptions or events that prevent us from serving your needs. Our team is working diligently for you ...

Thursday, March 12, 2020 Special Update - We would like everyone to know we are diligently paying attention to the market and potential outcomes. We really do not know if the next 2-6 months will be good or bad for the market. However, we do know history tells us the market will be good in 3-5 years. (click for more info).

March 12, 2020 Special Update - Sullivan Wealth Management We really do not know if the next 2-6 months will be good or bad for the market. However, we do know history tells us the market will be good in 3-5 years.