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​Tax Return Preparation, Tax Advice and Tax Planning Services

Sareen & Associates, Inc. provides expert tax preparation, planning, and advice to minimize what you owe. With decades of combined staff expertise interpreting ever-changing tax laws and codes, we take a personalized, proactive approach to optimizing your tax outcomes. Our comprehensive tax services identify credits and deductions while offering year-round guidance to ensure you pay only what you legally owe – not a dollar more. Trust our experienced team to handle your tax preparation and planning needs.

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    40+ Professionals

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    30+ Years of Experience

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    6000+ Happy Clients

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    4.7/5 Rated On Google

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    98% Client Retention Rate

    Professional CPAs in Northern Virginia Providing Extensive Tax Planning and Preparation Services

    Sareen and Associates has been providing tax advice and assistance to small and medium-sized businesses for 30 years. During that time, we have always offered our clients tax professionals, both CPAs and EAs, tax experts who complete returns accurately, ethically, and, of course, in a timely manner. Our fees are competitive and we get it right the first time.

    From startups to midsize businesses with one employee to the established corporate with millions in revenue and our firm provides recommendations concerning current tax liability (federal, state and local), strategic tax planning and special business actions like capital improvements, dissolution of partnerships, mergers and acquisitions, formation of a holding company, one-time tax credits, etc. Our tax professionals respond on a timely basis

    In the tax field there are grey areas and clearly black & white areas. Tax avoidance is legal; tax evasion is not.

    Sareen and Associates offers you highly skilled tax counsel in many of the typical business and financial concerns of small and mid-size companies, including, but not limited to:

    • Incorporation or LLC
    • Dissolution/Formation of legal partnership
    • Mergers and acquisitions
    • Real estate acquisition
    • Corporate reorganization
    • Capital funding
    • Sale of business
    • Retirement planning
    • Federal, state and local tax incentive programs
    • Multi-state tax compliance
    • International tax planning and foreign tax issues
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    Types of Accounting and Book Keeping Services

    Comprehensive Tax Planning and Preparation

    Our firm offers a wide range of tax services to help both individuals and businesses properly comply with tax laws, while proactively minimizing their tax burden.

    For Individuals:

    • Personal income tax filing
    • Retirement planning
    • Estate and inheritance planning
    • Education tax strategies
    • Charitable donation tax deductions

    For Businesses:

    • Corporate, partnership, and LLC tax filing
    • Business structure and reorganization planning
    • Tax-efficient mergers, acquisitions and investments
    • International and cross-border tax strategy

    Additional Services:

    • Estate and Gift Tax Planning
    • Real Estate Tax Mitigation
    • Non-Profit and Tax-exempt Organization Filing
    • Audit Defense and Tax Dispute Resolution
    • State and Local Tax Compliance
    • Tax Credits and Government Incentives

    The Key Benefits of Tax Planning And Preparation Services

    Tax Savings

    Professional tax planning helps identify deductions, credits, exemptions, and other opportunities to minimize tax liabilities under the complex tax code. This allows more money to go toward investments, business growth, and other priorities.

    Tax Compliance

    Tax preparers ensure all tax forms and documents are properly filed, preventing issues with tax authorities for missing or incorrect filings. They stay up-to-date on the latest regulations.

    Audit Defense

    Having a professional tax preparer who understands tax details helps defend against audits and tax disputes. They can communicate clearly on the client's behalf.

    Time Savings

    Tax planning and filing can be hugely time-consuming for individuals and businesses. Hiring out tax preparation saves significant time that can be reallocated to core business activities

    Current Knowledge

    With ever-changing tax codes and forms, a specialist tax preparer stays on the cutting edge of new tax laws, rulings, deductions and strategies to benefit the client.

    Personalized Advice

    Based on a client's unique financials and tax situation, tailored suggestions can be made to legally reduce tax obligations now and in future years through proactive planning.

    Retirement Planning

    Tax preparers can help structure assets, income streams and estates to minimize taxes in retirement. This helps maximize income and estate preservation.

    Key Needs That Tax Planning and Preparation Services Help Meet For Individuals and Businesses

    Ultimately, our tax planning and preparation pros fill the critical needs of simplifying compliance, uncovering savings, avoiding penalties, and providing audit defense – all of which reduces financial stress for clients.

    • Guidance on Complex Tax Codes – Staying on top of ever-changing tax laws, brackets, deductions, and local regulations is extremely challenging without guidance from specialists.
    • Personalized Tax Minimization Strategies – Every financial situation is unique, requiring customized strategies to legally reduce tax obligations. Tax pros tailor recommendations to each client’s goals.
    • Timely and Accurate Tax Document Preparation – Meeting rigid filing standards and deadlines is essential to avoid penalties. Tax pros ensure prompt, compliant filing.
    • Tax Advice for Major Financial Changes – During major life events like marriage, new business, inheritance, etc., clients need advice on updated tax implications and strategies.
    • Representation in Case of Tax Audit – Having an expert represent you in front of the IRS during an audit provides immense relief and improves outcomes.
    • Proactive Long-term Tax Planning – Planners projecting taxes owed years in advance allows for better decision making around investments, compensation, corporate structures, estates, and more.
    • Third-Party Tax Analysis – As an objective third party, tax planning pros may uncover overlooked deductions/strategies and provide unbiased recommendations not motivated by commissions.

    Who Would Benefit Greatly From Tax Planning and Preparation Services:

    Almost all individuals and businesses can benefit from unbiased tax preparation and planning suited to their personal financial profile. The tax savings and compliance is worth the investment.

    • New Businesses – New business owners need guidance on entity formation, payroll taxes, deductions, credits, record-keeping, quarterly filings, and more. Proper tax treatment early on avoids major issues down the road.
    • Self-Employed Individuals – With complex home office deductions, self-employment taxes, confusing forms, and fluctuating incomes, tax pros help the self-employed maximize write-offs while ensuring accurate compliance.
    • Day Traders – Frequently buying and selling investment securities creates tax events that can seem impossible to track. Tax preparers handle the proper treatment of capital gains, losses and income for day traders.
    • Families With Young Children – There are a multitude of credits and breaks available to families with dependents if structured correctly. Tax planners ensure families realize every deduction and restructuring opportunity.
    • Retirees – In retirement, complicated RMD rules, pension/IRA withdrawals, asset relocation/drawdowns, and income shifts require tax planning guidance to preserve wealth as obligations morph.
    • Luxury Asset Owners – From rental properties to boats to second homes, expensive assets often have unique tax treatments. Wealthy individuals get custom guidance on properly handling taxes around luxury items.

    Documents Required For Tax Preparation and Planning Services

    Here are the key documents clients should gather to maximize effectiveness of tax preparation and planning services:

    Personal Tax Documents:

    • W-2 forms for all employers during the tax year
    • 1099-G forms for unemployment income
    • SSA-1099 forms for social security benefits
    • 1099 forms for any investment/side income
    • Receipts for educational, medical, charitable and other deductions
    • Prior year tax returns
    • Government-issued photo ID

    Business Tax Documents:

    • Entity Formation Documents
    • Prior Year Business Tax Returns
    • Profit/loss Statements
    • 1099-MISC Forms Issued to Contractors
    • Receipts for Qualified Business Deductions
    • List of Assets Bought and Sold
    • Payroll Records and W-3 Transmittals
    • Receipts for business-related expenses
    • Mileage logs

    Also Beneficial:

    • Personal Financial Statements
    • Divorce decrees or separation agreements
    • Escrow closing statements for home/property purchases
    • Wills and trust documents
    • Insurance policies
    • Details on cryptocurrency transactions

    By gathering these applicable tax forms and supporting financial data points, taxpayers enable tax preparers to provide maximum insight and optimize both compliance accuracy and money saved. Complete information allows customized guidance.

    Our Process

    With a commitment to accuracy, efficiency and client satisfaction, we have streamlined a process that ensures clarity, compliance and financial management at its best.

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    Initial Consultation

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    Document Collection

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    Data Analysis And Organization

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    Interpreting Financial Performance And Trends

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    Ongoing Support And Review

    Talk to an Expert

    Why Choose Sareen Tax?

    Founded in 1993 at Sareen & Associates, we are committed to excellence and dedication in providing unparalleled accounting and bookkeeping services tailored to the unique needs of varied businesses. Our comprehensive range of services eliminates the need to juggle between multiple providers, enabling you to embrace peace of mind.

    • Skilled Professionals - Our team comprises of exceptional skill set with a wealth of expertise in accounting and bookkeeping needs,
    • Extensive Experience - With years of experience in addressing issues like yours, we provide you confidence and assurance that drives your business growth.
    • Comprehensive Services - We provide a range of services corresponding to your small
      business or mid sized corporations, all under one roof.
    • Diverse Expertise- We are a team of accountants, bookkeepers, tax administrators, CPA’s and more ensuring all your needs are met without the hassles of navigating complexities.
    • Proactive Approach - With our monthly operations, paperwork remains manageable and you never fall behind, ensuring smooth and efficient business operations.

    OUR SERVICES

    Our Core Competencies

    Meet our team

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    Corby Wester, Payroll
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    Doug Mort, CPA
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    Pramod Gupte, CPA
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    Leonard Goodman, CPA
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    Ken Prohoniak, CPA
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    Rajesh Kumar, CPA
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    Arun Sareen, CPA

    TESTIMONIAL

    Client Opinions & Reviews

    Client Image
    Shawlik
    Comma

    “I can’t thank Sareen Tax enough for their exceptional service. From individual returns to business tax planning, they’ve been an invaluable partner. Transparent pricing and expert advice – a truly reliable tax service!”

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    Daisy
    Comma

    “Sareen Tax Services has been our go-to for years. Their expertise in complex tax matters and dedication to client satisfaction are unmatched. Timely filing, personalized strategies – they deliver results!”

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    Mary R.
    Comma

    “Choosing Sareen Tax was a game-changer for my small business. Their knowledgeable team provided invaluable guidance, ensuring compliance and maximizing deductions. Trustworthy and reliable – a top-notch tax service!”

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    Phil
    Comma

    “Sareen Tax Services exceeded my expectations! Their attention to detail and personalized approach to tax planning saved me money and eliminated the stress associated with tax season. Highly recommend!”

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    Types of Accounting and Book Keeping Services

    INDUSTRIES SERVED

    Navigating Complexities With Expert Precision

    In the intricate landscape of modern business, the need for specialized financial services tailored to the unique requirements of varied industries. Accounting and bookkeeping firms play a pivotal role in offering such tailored solutions, catering to a diverse array of industries spanning from traditional sectors to emerging fields.

    • Communications
    • Cleaning services
    • Automotive
    • Technology
    • Contractors
    • Construction
    • Home Health Care
    • Franchises
    • Government contracting
    • Hotels/motels
    • Import/export
    • Logistics
    • Lawn & landscape
    • Restaurants

    Areas We Serve

    FAQ

    Frequently Asked Questions

    Individuals and businesses with complex tax situations, those lacking time or confidence in preparing their own taxes, and those who want to maximize deductions and credits should utilize a tax service.

    A planner proactively identifies legal ways to minimize future tax obligations by analyzing a client's income sources, investments, retirement plans, estate goals, business structure, and other financial aspects.

    A reputable tax preparer will audit prior years' returns to uncover any potential errors, missed deductions, changes needed for compliance, and planning opportunities.

    Yes, accredited tax experts can act as a liaison between you and the IRS should your returns be audited, maximizing a positive outcome.

    Itemizing deductions, contributing to tax-advantaged retirement/college accounts, reviewing new eligible credits/deductions, adjusting income timing, and consulting a tax pro can all help maximize refund size.

    Consulting a planner early in the year allows sufficient time to implement any recommended tax strategies. Also upon major financial life changes or business milestones.

    OUR NEWS DESK

    Latest News & Blogs

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    • Feb 25, 2024
    • Sareen & Associates, Inc

    Navigating IRS Disputes: Tips from Tax Professionals

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    • Feb 12, 2024
    • Sareen & Associates, Inc

    Taxpayer Rights: Understanding Your Options with IRS Notices

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    • Mar 25, 2024
    • Sareen & Associates, Inc

    Your Tax Return Should Stay Private – Why You Should Say No to TurboTax’s Data Grab

    Support

    More Questions? Seek Help of an Expert

    (703)366-3444 info@sareentax.com

    Arun’s Arunism’s

    “Either you are green and growing or you are ripe and rotting”

    “Accountants don’t retire, they just go out of balance”

    “5 P’s of business: Proper Planning Prevents Poor Performance”

    “When you fail to plan you plan to fail”

    “If your business is not successful, you need a check up from the neck up”

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