General

Thompson Greenspon Announces 2022 Staff Promotions

Thompson Greenspon, a full-service CPA firm in the Washington DC Metro area, is pleased to announce the continued growth of our firm with the following staff promotions, effective August 1, 2022: Eric R. Goble, JD, EA – Tax Manager Mike R.  Ioffredo, CPA – Tax Manager Alex B. Scott, CPA – Tax Manager Nick G.…

Read More

Thompson Greenspon Wins ClearlyRated’s 2022 Best of Accounting Award for Service Excellence

Thompson Greenspon is pleased to announce that we have won the Best of Accounting® Award for providing superior service to our clients.  ClearlyRated’s Best of Accounting® Award winners have proven to be industry leaders in service quality based entirely on ratings provided by their clients.  On average, clients of 2022 Best of Accounting winners are…

Read More

The Washington Post Names Thompson Greenspon a 2022 TOP Washington-area WORKPLACE

Thompson Greenspon has been named one of The Washington Post’s 2022 Top Workplaces in the Washington, D.C. area. Selection is based solely on employee feedback gathered through an anonymous third-party survey administered by research partner Energage, LLC, which measured several aspects of workplace culture, including alignment, execution, and connection. “The Post’s Top Workplaces list is…

Read More

Deferment Period for EIDL Payment Extended Again by SBA

In a March 15, 2022 news release, the Small Business Administration (SBA) announced an additional deferral period for existing Economic Injury Disaster Loan (EIDL) repayments. The new total deferment period is now 30 months with this new extension for principal and interest payments on existing approved EIDL. Important Details The extension is effective for all…

Read More
COVID-19

Fraudsters are Using COVID-19 to Fleece Americans

As governments around the globe mobilize to defend their populations from the novel coronavirus (COVID-19), criminals are also mobilizing — to fleece people. These opportunists have already found ways to use the fear and chaos associated with the pandemic to enrich themselves. But you can protect yourself and your business. Ripe opportunity Phishing emails that…

Read More

Support for Businesses and Individuals During COVID-19

All of us wake up today to face a new reality. While all scientific evidence indicates that isolation and “social distancing” are the best course to try and minimize the impact of the Covid-19 virus, it is also clear that economic fallout is inevitable. In an effort to mitigate the economic impact and support those…

Read More
child tax

Advising the Millennial Part V: Taxes for Soon-to-be (and Current!) Parents

Parenthood is an adventure.  It is challenging, exciting, fulfilling and – sometimes – stressful.  This is the second of two articles that address tax issues parents often encounter.  Our first article covered parents’ filing status change, income exclusions, some deductions, household employee requirements, and tax return filing for children.  This article covers tax credits parents…

Read More
parents taxes baby

Advising the Millennial Part IV: Taxes for Soon-to-be (and Current!) Parents

One of the most exciting (and nerve-wracking) times of your life is having a child.  The uncertainty, anxiety and stress associated with planning for that special date can be overwhelming, and then they start to grow up!  Like all the wonderful and challenging moments that come with parenting, there are a variety of tax implications…

Read More
saving for retirement

Advising the Millennial Part III: The Importance of Saving for Retirement

It is never too early to start saving for retirement. There are various options and plans that you can choose from, but the options depend on what is available to you as an individual and employee. Individual: Traditional IRA Contributions provide deductions to reduce your current year taxes. The earnings on the contribution will be…

Read More
wedding rings and calculator

Advising the Millennial Part II: Tax Impacts of Marriage

Marriage can cause significant changes in the amount of taxes you owe. The amount of tax a couple owes at the end of the year may go up or down after getting married, even if their income and deductions remain the same. Here are a few things to consider regarding your taxes after tying the…

Read More