DC's business landscape moves fast — federal contractors, nonprofits, consultants, and hospitality operators all have different compliance needs. Capital Accounting Group keeps your books reconciled weekly so you're always ready for an audit, a grant report, or tax season.
Most CPAs treat business tax prep as a once-a-year sprint. They get your books in February, scramble through March, file in April, and you don't hear from them again until next February. Tax planning during the year? An hour, maybe, if you ask. Quarterly estimated tax projections? Based on last year's numbers, not this year's. Multi-state PTET election analysis? Often missed entirely.
We do it differently. Because we keep your books reconciled weekly, your tax-ready trial balance is current at any moment — no last-minute scramble. Because we work with you year-round, we run quarterly tax projections based on actual YTD data, not stale estimates. Because we specialize in DMV, we know which DC franchise tax filings catch sole proprietors off guard, when MD PTET elections save partners $20-50K, and how Virginia's pass-through rules differ from Maryland's.
You also get clean handoffs. If your CPA is filing the actual return, we deliver a documented trial balance, supporting workpapers, and a memo on any judgment calls. If we're filing it, the bookkeeping and tax prep are integrated — no duplicated effort, no data inconsistencies between your year-end books and your tax return.
Do you handle multi-state returns for businesses near the DC border?
Yes — multi-state is common in the DMV. A consulting firm headquartered in Bethesda but serving clients in DC and Virginia might owe tax in all three jurisdictions. A photographer in Arlington shooting weddings across the metro likewise. We file federal plus all required state and local returns, and we handle the apportionment calculations that determine how income gets split among states.
What's PTET and should we elect?
PTET (pass-through entity tax) lets a partnership or S-Corp pay state income tax at the entity level instead of passing it through to the partners. The federal deduction for state taxes paid at the entity level is uncapped, while the personal SALT deduction is capped at $10,000. For DMV partners in high federal brackets, PTET elections frequently save $15-50K per year. Maryland enacted PTET in 2020, Virginia in 2021, DC in 2022 — each with slightly different mechanics. We run a projection before each year's election deadline.
How much does business tax preparation cost?
It depends on entity type and complexity. A single-member LLC filing Schedule C with our weekly bookkeeping already running is roughly $400-600. An S-Corp with a multi-state return is $1,200-2,000. A partnership with 5+ partners and PTET elections runs $2,000-3,500. We quote a flat fee in the consultation, not hourly billing, so you know the cost up front. If you're also a weekly bookkeeping client, the tax prep fee is reduced because much of the work is already done.
Every Business Tax Preparation client across the DMV gets the complete service.
If any of these hit home, we should talk. Free 15-minute consultation, no pressure.
Book a free call →From government contractors to restaurants, our bookkeeping clients span every corner of the DMV economy. We understand the unique financial pressures of your industry.
Serving businesses in Georgetown, Capitol Hill, Navy Yard, Columbia Heights, Shaw, Logan Circle and surrounding areas including Chevy Chase DC, Friendship Heights, Tenleytown, Brookland. Zip codes served: 20001, 20002, 20003, 20004, 20005, 20006, 20007, 20008, 20009, 20010, 20011, 20012.
We're not a national chain. We understand DC, Maryland, and Virginia tax rules, industry mix, and what government contractor owners in Washington actually need from their bookkeeper.
We serve small businesses across the DMV, Maryland, and Virginia.
All services designed for Washington DC small businesses.
Free 15-minute call. No pressure. We'll tell you exactly what you need and what it costs — no mystery pricing.