For 31 years, Woodbourne Accounting has provided Central Virginia and businesses with personalized, secure, and reliable accounting services. We support and understand businesses and provide comprehensive financial management.
Tax Solutions Customized to Your Needs
Woodbourne Accounting’s services are tailored to our clients. It’s important for us to get to know you personally and then offer solutions to meet your needs. Having a working relationship lets us (you and Woodbourne Accounting) develop sound accounting, cash management, and tax planning strategies accurately evaluate the results, and successfully plan for the future. Our comprehensive accounting services involve more than just preparing financial reports and tax returns.
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If you’re an individual, we’ve got you covered
General Bookkeeping
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General Bookkeeping
When you work with Woodbourne Accounting you'll get insightful counsel on how to strengthen your financial situation and achieve your objectives. They can assist you in locating potential areas of overspending and offer suggestions for ways to lower costs and raise money. They can also assist you in setting up a budget, making plans for retirement or other financial objectives, and maintaining your financial plan. Working with Woodbourne Accounting can help you reach your goals and have a greater understanding of and control over your finances.
Professional bookkeepers also possess the expertise and knowledge to guarantee that your financial records are truthful and compliant with tax rules, assisting you in avoiding any potential fines or penalties. Hiring a professional bookkeeping firm like Woodbourne Accounting to handle your bookkeeping can save you time and give you peace of mind.
Tax Preparation & Planning
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Tax Preparation & Planning
A one-size-fits-all solution to your individual tax needs does not exist. Whether you are filing form 1040, 1040ES, or 1099-MISC, let us create innovative tax planning solutions to help you protect your resources, capitalize on tax law changes, and save on taxes.
We will not just help you to prepare your tax form, we want to help you take control of your taxes. That involves taking into consideration your unique situation, such as planning for a child's college education expenses, debt problems and credit standing, a change in marital status, being unable to get the credit you need, or having difficulty living on the income you have and paying your bills. Tax planning is the process of organizing your financial affairs in a way that minimizes your tax liability. It involves taking advantage of deductions, credits, and other tax-saving opportunities to legally reduce the amount of taxes you owe. By planning ahead, you can take advantage of these opportunities before the end of the tax year, rather than waiting until you file your tax return. This kind of planning can planning can help you avoid unexpected tax bills, penalties, and interest charges, which can be costly and time-consuming to resolve.
Woodbourne Accounting offers individuals the following services:
- Federal and multistate tax prep
- Gift tax planning and preparation
- Comprehensive tax planning
- We will review your past tax returns free
- If there were problems in the last few year's tax returns, we will submit amended tax returns to the IRS and your state if the change would benefit you.
- We guarantee the highest possible refund due you
- The security of our clients is the most important thing to us. We do everything to keep your sensitive data protected. We use encrypted software to keep your information safe.
We are professionals with more than 70 years of experience in taxes and accounting, and we will get it right and make sure that you benefit from all applicable tax provisions. Our team of accountants at Woodbourne Accounting can represent you in any tax-related matter, from appeals to audits to payment to collection issues. Our specialty is helping taxpayers with complex matters, including multistate returns, tax-deferred exchanges, foreign taxes, and audits.
Let our team of tax experts help you protect your your resources and save on your taxes
Got a small business? We can help you manage things
Tax Planning
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Helping Small Businesses in Chesterfield, VA, With Tax Planning and Prep Services
Woodbourne Accounting’s small business tax prep covers taxes of all kinds. Trust us to help you get the job done right, regardless of your business structure!
Small Business Tax Planning
Tax planning is necessary to run a business. However, most business owners need more time to understand shifting tax rules. We offer tax prep and planning services for:
Sole Proprietors (self-employed)
Sole proprietors and their businesses are legally connected. You’re responsible for your business's liabilities, returns, expenses, and assets. Our small business tax prep and planning services minimize the stress of tax season, helping with your schedule C, 1040 ES, 1096, and 1099-MISC while maximizing your deductions and minimizing your tax liabilities.
Limited Liability Companies (LLC)
You and your business are considered separate. Your LLC is a “pass-through” entity, and taxes are paid based on the individual tax code instead of the corporate tax code. Let our team simplify the return process, helping you get the most out of your return.
General Partnerships (1065)
Partnerships are not taxable entities. Like sole proprietorships, the business and the partners are treated as equals. Partnerships divide assets and liability based on the percentage of the business owned. Our tax prep service can help general partnerships increase their gains while simplifying the tax process considerably.
C Corporations (1120)
Corporations are individual tax-paying legal entities required to pay corporate income tax minus any losses, credits, or deductions that could lead to double taxation. Woodbourne Accounting can clarify the process, maximize the amount of money you get back, and help you make the most of your tax return.
S Corporations (1120S)
Similar to LLCs, S corporations are separate “pass-thru” entities. S corporations have increased flexibility when it comes to taxation. Our small business prep team can help you make the most of the monetary possibilities S corporations offer.
Bookkeeping
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Bookkeeping
Whether you’re looking for self-employed or small business bookkeeping, Woodbourne Accounting has the services to meet your needs. We will help you to do the following:
- Stop wasting time categorizing your transactions.
- Know that your books are up-to-date, giving you the peace of mind to make sound financial decisions.
- Get more time to focus on growing your business while we handle your bookkeeping.
- Organize cash or accrual accounting.
We will work with you using the software you know and trust, including QuickBooks and other accounting software you choose. Get the back office workflow off your shoulders, and let us make the complicated bookkeeping process more accessible and less time-consuming.
Payroll
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Payroll
Woodbourne Accounting proudly provides payroll services to clients in Chesterfield, Virginia, and the United States. Our team helps you reduce the time spent managing your business's payroll. We can help you with record-keeping, payroll tax returns, and 1099 and W-2 filings.
If you have an in-house bookkeeper, we can assist them in performing payroll and bookkeeping functions, and we are proficient with all popular computer accounting software.
Our services include:
- Direct deposit
- Payroll processing
- Quarterly tax returns
- Electronic payment of your tax liability
- Form 940 annual federal unemployment
- W-2 processing
Contact Woodbourne Accounting to Talk about Your Payroll Needs
Accounts Payable
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Accounts Payable
At Woodbourne Accounting, we help our clients optimize operating costs and working capital while creating value for their business through our accounts payable (AP) services. We can help you meet regulatory policies, modernize payment activities, and benefit from customized services. Our comprehensive range of AP services includes:
- Processing purchasing orders
- Matching invoices to purchase orders
- Process standard pricing
Cash Management
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Cash Management
Woodbourne Accounting offers simple financial solutions for your cash management. Freeing you from routine cash management lets you focus on acquiring new customers and solidifying relationships with your stakeholders. Our cash management services include:
- Daily cash flow reports
- Credit card report reconciliation
- Bank statements reconciliation
- Cash flow forecasting/planning
Let our team budget your cash flows, predicting the inflow and outflow of cash with a high level of accuracy. This allows you to mitigate future risks and gives you the tools to manage future financial requirements.
Planning cash flows, like budgeting, allows you to estimate future cash flows accurately. Our accounting team will produce your monthly statements, allowing you to effectively plan future budgeting, investments, and fundraising.
Incorporation & Filing
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Incorporation & Filing
Woodbourne Accounting has more than two decades of experience managing accounts and providing incorporation services. Our CPA team can help you start your own business and provide before and after incorporation services. Our services include:
- Registered Agent Services
- Express Filing Services
- Corporate Supplies
- Business Name Search
- Trademark Search
- Doing Business As (DBAs)
- Licenses, Permits, and Filings
- Business Filings
- Compliance Services
Trust Woodbourne Accounting to provide the services needed to start your business and keep it running successfully, in compliance, and without mistakes.
We’re invested in helping you succeed
Since 1992, Woodbourne Accounting has been helping individuals, nonprofits, and small- and medium-sized businesses in Central Virginia and across the USA. Our experience has given us tools to share with you how to make realistic and tough business decisions about your company’s—and your personal—finances.
You Have Access to Us All Year
While tax season is our busiest time of year, we are available year-round to help you with life changes, like marriage, new investments, credit problems, the purchase of a home, or a medical emergency, that can impact your end-of-the-year tax filing. Since our goal is to build long-term relationships, we focus on helping our clients plan for the future, not just address their immediate tax liabilities.
We Offer Business and Individual Tax Planning Services
Although our focus is preparing business tax returns, we are happy to work on individual taxes and will always review our client's previous year’s tax returns for free. We have a special knack for helping clients who do securities trading and investing minimize their tax liability and keep more of their earnings. We take care of the numbers and let you keep doing the things to make your life and business successful.
Are you stressed because you could not file returns for the previous years and are worried about fees and penalties? We understand how you feel and are committed to helping you catch up with your tax obligations with as little pain as possible.
Whether you are an individual looking to save on taxes, a small business hoping to maximize deductions and minimize tax liabilities, or a landlord with several rental properties wanting to stay in compliance with the tax laws governing rental and real estate investment properties, we’ve got you covered.
Our team will always do what is really in your best interests. Even with time-sensitive and complex situations, we do exhaustive research to ensure that you get every deduction, every refund, and every tax credit you are legally entitled to. And, since we file all returns electronically at no extra charge, you will get your refund faster.
We love our clients, and our clients love what we do for them. Schedule a consultation with Woodbourne Accounting to see what you get when you work with accountants that help you plan for the future and make wise day-to-day financial decisions.!
Albert Rodgers - CEO
We love our clients and our clients love us
“Before working with Woodbourne, we had experienced accountants prepare our taxes. However, Woodbourne asked detailed questions and delved deeper into our recordkeeping than anyone ever did before. They helped us structure our officer salary payments and set up our payroll for our officer (previous accountants had not informed us of the need to do this). As a result, they saved us 35% on our business taxes the first year, and these savings continued during the following years.”
— Ted
Rental property owner, Maryland
“We did not have time to manage our restaurant and at the same time handle payroll, bookkeeping, sales taxes, and annual income taxes. Woodbourne helped us every step of the way. They also applied for local business licenses and state registrations.”
— Aracely
Restaurant owner, New Jersey
“I fell behind on filing my taxes. Woodbourne immediately started reconstructing my financial records and preparing the back taxes for the missing years. They followed up with me regularly until we had all the information to catch up. Now that my taxes are current, I feel that a big weight has been taken off my shoulders.”
— Dan and Laurie
North Carolina
“Before working with them, we were in need of an experienced CFO, and Woodbourne backed us up with their business experience. For example, they helped us control expenses. They also helped us plan for expansion without getting in over our heads. When we wanted to hire more employees, they helped calculate the cost. They also helped us apply for business credit and check the credit of possible customers. We even called them for advice during evenings and weekends, and they always made themselves available.”
— James
Painting contractor, Virginia
“We needed an online bookkeeping service, and they provided exactly what we needed. At very reasonable cost, they gave us constantly updated reports of our business finances. Part of their service was to give us a better handle on our payments to suppliers. Their reports kept us constantly updated on our profitability and year to year comparisons.”
— Richard
Cleaning service, New York
“Woodbourne helped us plan for our future expenses. They created tools to help us with cash management.”
— Curt
Small business owner, Texas
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