Accounting, Tax, and Advisory Services for Individuals and Businesses
Khalsa Tax Inc is a full-service accounting firm serving the DMV area with offices in Fairfax and Woodbridge. We combine over three decades of tax experience with bookkeeping, payroll, and advisory services for small businesses. Running a business is a full-time job — we'll take care of the numbers for you.
Accounting, Tax, and Bookkeeping Services
Tax Preparation & Planning
We guide new and established businesses through choosing the right entity, then prepare returns of every kind — partnerships, S and C corporations, single-member LLCs, and personal returns — including federal, state, multi-state, and foreign reporting. Planning happens all year, not just at filing time, so you capture available deductions and credits and avoid costly penalties.
- Year-round strategies to reduce your liability and avoid surprises at filing
- Entity and tax structure planning to fit your goals
- Estate and trust returns
- Multi-state income and sales tax compliance
IRS Tax Resolution
Received an IRS notice or owe back taxes? Our team reviews your circumstances — unpaid income or payroll taxes — and pursues the right option: Offer in Compromise, installment agreements, penalty abatement, and release of liens and wage garnishments.
- IRS and state notice response
- Amending of tax returns
- Installment agreements and payment plans
- Penalty and interest abatement
- Release of tax liens, levies, and wage garnishments
- Unfiled back tax returns brought current
- Representation during IRS and state audits
Bookkeeping Services
Full-service bookkeeping, or monthly, quarterly, or annual reviews for owners who keep their own records and want a professional check. You get clear, dependable financial information to grow with confidence.
- Automated, reliable bookkeeping systems with bank and software integrations
- Client billing and invoicing
- General ledger maintenance and account reconciliations
- Month-end close and timely financial statements
- Accounts payable and accounts receivable management
- Cleanup and catch-up: we review your existing books, correct errors, and explain what changed and why
Payroll
Payroll done right, on time, every time, with the planning support to make your compensation and benefits work for both you and your team.
- Full-service payroll processing, direct deposit, and federal and state payroll tax filings
- Bonus and incentive compensation structures
- Health care and benefits administration
- Employee benefit and 401(k) retirement plans
Financial Analysis
We analyze your historical financial data to show where your company stands and where it’s headed, then deliver practical recommendations to improve margins, control costs, and increase profitability.
- Client Advisory Services (CAS): budgeting, forecasting, cash flow management, and KPI reporting
- Business evaluations
Fractional CFO
The insight of an experienced financial executive on a part-time basis — from refining financial strategy and managing growth to resolving cash flow challenges and reaching long-term goals.
- Operations: outsourced day-to-day accounting so you can focus on growth
- Internal controls: design and review of processes that protect your assets and reduce risk
- Accounting system and ERP selection and implementation
Industries We Serve
Industry-specific accounting and tax services for businesses in Northern Virginia, Maryland, and Washington, DC.
Franchise & Restaurant Groups
Tax preparation, bookkeeping, and payroll for franchise owners and multi-location restaurant groups in Northern Virginia, Maryland, and DC.
Dental & Medical Practices
Accounting, tax planning, and payroll for dental offices, physician practices, and healthcare providers across the DMV.
Construction Companies
Job-cost bookkeeping, contractor payroll, and business tax returns for general contractors and trade businesses.
Federal Contractors
Accounting, compliance, and financial reporting for small businesses holding federal government contracts in the Washington, DC area.
Money Service Businesses & Check Cashing
Bookkeeping, tax preparation, and compliance support for check cashers, money transmitters, and other money service businesses.
Real Estate
Real estate tax planning and returns for investors, landlords, and property management companies in Virginia and Maryland.
Small Businesses
Small business accounting, bookkeeping, payroll, and tax services for owner-operated companies in Fairfax, Woodbridge, and the DMV.
Individuals & Families
Individual tax preparation and year-round tax planning, from a single Form 1040 to estate and trust returns.
Frequently Asked Questions
Do you work with clients in Maryland and Washington, DC?+
Yes. Our offices are in Fairfax and Woodbridge, VA, and we serve individuals and businesses throughout the DMV, including Maryland and Washington, DC. We prepare federal, state, and multi-state returns.
What types of tax returns do you prepare?+
Individual returns (Form 1040) and returns for every business entity — S corporations, C corporations, partnerships, and LLCs — plus estate and trust returns.
I received a letter from the IRS. Can you help?+
Yes. Our team reviews your notice and your situation, then pursue the right option: installment agreements, Offer in Compromise, penalty abatement, or release of liens and wage garnishments.
Do you only work with businesses?+
No. We work with individuals and families as well as small businesses — from a single return to year-round bookkeeping, payroll, and advisory.
How do I book an appointment?+
Book online with our Fairfax or Woodbridge office, or call (703) 587-9400. We’re open Mon–Sat 11:00 AM – 7:00 PM and Sun 12:00 – 8:00 PM.