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George Dimov CPA

Washington DC, District of Columbia

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‘20 Certificate of Excellence, 2020

About

Hands down one of the highest rated independent CPA offices in the country:

- United States Certified Public Accountant with IRS e-file
- Registered IRS Tax Preparer with valid PTIN for all 50 states
- 12+ years experience in accounting
- 5 star verified reviews on Thumbtack, Yelp, Google, and Facebook

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8 hires on Bark

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Reviews (887)

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5/5

887 customer reviews

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1 April 2024

I had the pleasure to engage Dimov Tax Specialists to do my USA taxes. I am a non-resident so it is always a stressful time. I cannot highlight enough how good the service was. Fast, efficient, all went smoothly. Much much better than the crowd I had been using for previous years' returns. Very happy with the service. Thank you. More...

28 March 2024

Look no further - these wonderful teammates at Dimov Tax will take care of you. Some highlights:
⁃ The responsiveness is insane - I feel like they never stop working
⁃ Patience to answer my questions - I have many
⁃ Availability for calls - anytime I request, they get me scheduled. We had one case where they politely asked me to wait for the call until the following week during a deadline period since my questions were not urgent, but otherwise, they are immediate to reach for urgent matters
⁃ Custom care - I really feel like I am getting a real, experienced person. I had used HR Block and TurboTax before with the advisors, however, I never quite felt they knew what they were doing
Do yourself a big favor and hire these guys!
More...

26 March 2024

I own a small business selling products online and have had a rough streak with accountants …. Until I met George and his team! They have handled my sales tax, payroll for new employees, business books, and returns. They found issues with prior year filings (they found them, I did not ask, they suggested it proactively). The changes they made got me a free 9k net of their fees. Pretty cool way to start a new accounting relationship, right? In any case, they showed me plenty of ways I can continue to save on tax & also found tons of other inefficiencies in my business. Having an accountant that meets with me once per month is like night and day compared to before. I was really living in the dark for years. Pretty strange running a 7 figure business but being in the dark about my finances! I never quite knew where I stood. Really glad to be using Dimov and his team for their CFO services. More...

14 March 2024

The entire team at Dimov tax specialist are amazing. I must admit that I am a very meticulous person who likes to be in the weeds with things and my own curiosity pushes me to ask a lot of questions. Despite my many questions and requests for video conference calls to go over my return line by line , the team was very accommodating and patient with me . Liliya, the Director of Tax , was very personable and went of her way to break down highly nuanced tax concepts. Additionally , I was in the middle of underwriting while they were preparing my taxes so it was important that everything was done on time and correctly and they delivered ! I am a first time customer and I will be sure to work with them again for both my business and personal filings! More...

7 March 2024

The team was consistently responsive, informative, communicative and helpful throughout the process.

5 March 2024

Perfect every time! Been using Dimov for years.

4 March 2024

Thanks Dimov and especially, Clark, the incredible CPA assigned to us! He was the answer to our prayers. Over the years, my wife and I had slowly increased our income allowing us to enjoy the many fruits of our labor; however, those fruits complicated our taxes (investment gains and losses, AMT, ISOs, etc.). I continued to do my own taxes without help until I realized I couldn’t do them anymore. I had way too many questions, felt vulnerable, and needed help, so I started looking for assistance. I reached out to Dimov, shared my situation, got a quote for services, and decided to work with them after carefully reviewing the other companies. Clark immediately made a connection with both my wife and me. He caught mistakes from our previous years’ taxes, told us how he would fix them, what the expected returns would be, and completed all of them in a timely manner. The money Dimov saved us far exceeded (and I mean far exceeded) the very reasonable charges for services rendered. Not only did we feel grateful, but we felt extremely confident our taxes were done correctly and I personally felt relieved that I now have a partner I can easily communicate with and trust. I was so grateful for calling them. Thanks again Dimov and thanks Clark! See you next year. :-) More...

2 March 2024

George and his team have been doing my accounting, bookkeeping, strategy, and taxes for 6 years. In that timeframe, my company grew from 15 to over 200 people and with millions in profit. They have proactively identified strategies to save us considerably in tax (over 100k per year). I have recommended them to friends of mine in my inner circle that are far more successful and they also have vouched for him. I have mostly been working directly with Xintian on his team but the others have been excellent, as well. They coached me through 1) biz ownership 2) rental property ownership 3) section 8 ownership 4) creating new companies for my side projects 5) payroll and ITINs for staff members 6) personal property tax 7) business profitability. This is night and day from my prior accountant which basically just did the returns. I also need to give myself credit, as well, since I do take them up on mid-year strategy consultations to ensure I am planning ahead of time. They are very big on that & if you follow their timelines, you will get the benefits and clarity. I book my monthly calls with them & they understand my business in detail. Highly recommend! More...

25 February 2024

Great service! I highly recommend!

11 February 2024

Hi! I am a private chef that has been working independently now for 8 years and have been using George and his team religiously for tax assistance the whole time. They are super patient, always available to chat, handle my questions when I do not understand, and generally an asset to me. They have also been working with a few close friends of mine over the years, as well, since we referred him to each other. My job involves frequent travel, frequent moves, and more than one income source, so I know my taxes are a bit more involved than someone with just one job. For this reason, I never really felt like previous accountants were doing my taxes correctly. In any case, I wanted to take the time out to review him. Really appreciate the support! More...

13 September 2023

Dimov has provided efficient and accurate service to my tax return filings for the past two years. He and his team has always been respectful and responsive to my questions. I will continue to hire his services in the future. More...

2 August 2023

Dimov Tax showed remarkable professionalism, dedication, and attention to detail throughout the entire audit process. Despite a very tight deadline on our end, they managed to deliver the completed audit (US GAAP) in due time, ensuring a seamless and efficient experience for our organization. We are sincerely grateful for the unwavering support and collaboration displayed by Dimov Tax in this process. Their efforts have made a significant impact on our company, and we eagerly anticipate continuing our partnership with them for future engagements. Dimov Tax and George Dimov, C.P.A. have proven to be outstanding auditors, delivering exceptional results under challenging circumstances. We highly recommend their services to anyone in need of reliable, efficient, and thorough audit assistance. More...

Reviewed on Yelp

2 August 2023

Dimov Tax showed remarkable professionalism, dedication, and attention to detail throughout the entire audit process. Despite a very tight deadline on our end, they managed to deliver the completed audit (US GAAP) in due time, ensuring a seamless and efficient experience for our organization. We are sincerely grateful for the unwavering support and collaboration displayed by Dimov Tax in this process. Their efforts have made a significant impact on our company, and we eagerly anticipate continuing our partnership with them for future engagements. Dimov Tax and George Dimov, C.P.A. have proven to be outstanding auditors, delivering exceptional results under challenging circumstances. We highly recommend their services to anyone in need of reliable, efficient, and thorough audit assistance. More...

Reviewed on Google Maps

27 July 2023

Like most people, I hate doing my taxes every year. My accountant retired, so I searched for hours to find someone new. I'm SO happy to have found Dimov. This team is legit. Knowledgeable, efficient, prompt, and reliable. I feel more informed now than I ever have before. I will be using them for years to come. More...

Reviewed on Yelp

26 July 2023

Simply exceptional experience and really happy with the expertise, communication, personalization and responsiveness that George and his team was able to deliver. Dhara Ayres the tax specialist who I worked with was excellent. She was able to patiently address all my questions and went above and beyond giving me useful tips and tax strategies. I am very impressed with her level of dedication. Overall, it was a great pleasure working with the team and would highly recommend them! More...

Reviewed on Google Maps

26 July 2023

I was about to use these guys until I read the few bad reviews. It's apparent that the head of the snake lacks any business sense whatsoever and here's why: 1. You don't contact clients, former clients to take down a review via intimidation or any other method. 2. The customer is always right, even when wrong, why?! The customer puts food in your mouth, pays your bills, etc. The customers perspective is all that matters, perception is reality. 3. You mentioned get more bees with honey, you bashed a client's reviews, is that giving honey? Take your own advice. No matter how much you don't like their review of your services, show some class when replying, act like a mature adult, you actually need a lesson on this? 4. Denial is the first sign of guilt, and all you do is deny you did anything wrong, it's you who should look in the mirror. Defensive, combatant, retaliatory, angry? See a shrink. Not someone anyone should do business with, get the point??? If you can't take the heat of reviews get out of the Google review kitchen, cancel your business on Google bruh, it's always an option. 5. You should be asking yourself what can you do better to improve a poor client experience. If we don't take ownership of our mistakes, we can't get better. 6. Bad news spreads 10x's faster than good news, and everyone reads the bad reviews, so when you can't admit your faults, we see it, it's so blatantly obvious, and no one should take a chance on a business that has proven beyond a reasonable doubt, that they can't accept criticism and have the gall to actually attack a client in response, a classless act, a cowardly act. Don't do business with this child folks, just don't do it, CPA's are a dime a dozen, and there are plenty of adult CPA's available. More...

Reviewed on Google Maps

26 July 2023

I can't say enough good things about Dimov Tax! From the moment I reached out, they were incredibly responsive. Their knowledge of tax laws and deductions is unparalleled, and they went above and beyond to optimize my return. The entire process was seamless, and Clark, the Senior Tax Accountant that was working on my case, patiently addressed all my questions, ensuring I understood everything clearly. He meticulously reviewed my documents, leaving no room for errors or oversights. He is the best! Working with Dimov Tax felt like having a supportive friend by my side. Their friendly demeanor and approachability made the experience truly enjoyable. Will ask them to prepare my taxes next year! Thank you! More...

Reviewed on Google Maps

26 July 2023

I had the pleasure working with George and his team. From the start to finish, the experience was exceptional and I couldn’t be more happy with the result. Clark Shi was the CPA who I worked with and he is extremely efficient, knowledgeable, and responsive. He was able to answer all my questions and provide useful insights, guidance, and tax strategies. Aside from the technical expertise, I was impressed with the level of personalized service they offered. They take time to understand your unique situation and tailor their services accordingly. I highly recommend George and his team, and looking forward to working with them again next year. More...

Reviewed on Google Maps

23 July 2023

I have done my tax with Dimov for the past 2 years and am very happy with their services. Their service is fast and reliable. Reps from Dimov were very patient of answering my tax questions. I highly recommend them for tax services. More...

Reviewed on Yelp

19 July 2023

I've worked with Dimov Tax over the past two years for all of my tax needs, and they've been nothing short of professional, prompt, and a pleasure to work with throughout every interaction I've had with them. I plan on working with Dimov for years to come, and I highly recommend you work with them as well! Their attention to detail is unmatched, and their expertise far exceeds every need I've ever had. 5/5 stars! More...

Reviewed on Yelp

12 July 2023

Reviewed on Google Maps

7 July 2023

Dimov Tax Services has been tremendously helpful with my taxes and book keeping. My last book keeper and CPA had me paying out WAY more than I should, but Dimov went back, saw that I overpaid and now I'm getting a very nice tax refund. With Dimov, I no longer have to worry about taxes the way I used to, and am free to run my business without that burden on my back. Their services are totally worth it! More...

Reviewed on Yelp

28 June 2023

Dimov is fast and reliable! They are detailed oriented and get the job done. Will recommend to others.

Reviewed on Google Maps

27 June 2023

Dimov is fast and reliable! They are detailed oriented and get the job done. Will recommend to others.

Reviewed on Yelp

25 June 2023

Very friendly and professional

Reviewed on Google Maps

14 June 2023

I've had Dimov Tax Services do my taxes for 2 years now, and I can definitively say they are the best. What sets them apart is their responsiveness, attention to detail, and quick turnaround time. Throughout all of our many interactions, they tend to respond within an hour. They always provide confirmation of any messages you send, ensuring nothing gets lost. When I don't reply with what they need in a timely manner, they keep checking in to remind me (this was very much appreciated given the time sensitivity of tax filings). Its amazing how fast they complete the work, and they leverage modern tools for drafting, esigning, and efiling tax returns. They proactively provide estimates for how long things take, and they support complex tax requirements like crypto. What more can you want? More...

Reviewed on Yelp

11 June 2023

You have no idea how much trouble is waiting for you. I had a hard time getting my taxes done. Dimov Tax Services twice missed the promised starting date. When I got the documents for review, it was only the raw IRS forms. It was extremely difficult to review. I found an $11K mistake. Once that was corrected, another batch of raw IRS forms without details to review manually. I'm not a CPA and I'm not qualified for that. After I finally signed off the the documents for submission to the IRS, I wrote a two star Yelp review. I immediately started getting calls and text messages. Dimov Tax Services wanted the review deleted. I declined and stated that the process had been way too hard. They apologized, described how we each might have made mistakes in the process, but again demanded that the review be deleted. I still didn't want to delete the review because nothing had changed about how stressful preparation had been. I later found out that my taxes were never filed. I contacted them and George himself wanted to lecture me about my disrespect. I declined to talk about things that weren't about tax preparation and filing. George declined to file my taxes or give a refund. George said I can file the tax documents myself but I'm losing confidence in their accuracy because they probably missed the final review. More...

Reviewed on Google Maps

11 June 2023

This was our first year with Dimov. Very happy with how quickly and easily they completed our Corporate tax return. Wanted to give a shout-out to Doniyorkhon who prepared our return. Once I provided the P&L and documentation they requested, they completed the tax return without the need for us to answer any additional questions. They were careful to include all the small credits we qualified for, for ADA-related work. Honestly, this was the most painless year of Corporate taxes we've ever had. And I really appreciated the flat fee, which was also a first for us. Many thanks! More...

Reviewed on Yelp

8 June 2023

Guzel Ibragimova worked for my 2022 tax return. Every step went smoothly and efficiently.

Reviewed on Yelp

6 June 2023

I've worked with George Dimov for the last 2 year and have had great experience thus far. Thanks!

Reviewed on Yelp

1 June 2023

This is an expensive "hands-off" tax prep service. You're asked some basic questions up-front, you send in your documents, and you're told that "We will get to work as soon as we confirm the payment. " I say that's good because I had some untaxed income at the end year and I don't want it hanging around until the IRS decides it needs an underpayment penalty.A week of silence passes. When I ask how it's going I'm told that the tax deadline for my county has been extended to October and "our team will be finalizing in the next 3-4 weeks..." A month passes and it's still not started. I ask about it and work finally begins.I went to Dimov because E-Trade was involved and E-Trade's reporting makes everything complicated as hell. I was expecting a lot of questions to be asked, but that didn't happen. I got a completed tax filing to review. No explanations, no list of assumptions, just the tax filing and tax worksheets. If I could accurately verify a completed tax document I wouldn't need to hire somebody for $800. I did find a serious mistake that would have resulted in more than $10,000 of tax overpayment. Some other items required hours of my wife and I reviewing records and contacting human resources to track down where E-Trade numbers went. At the end we can only verify that nothing seems blatantly wrong.Next year we'll probably have to hire somebody to review this year's taxes for correctness.Update:A rep from Dimov Tax called to apologize and insist that I remove this review. I understand they're working hard and want to "make things right", but the review is for what has already happened. More...

Reviewed on Yelp

30 May 2023

I just had one hour consultation session with Clark from Dimov on general tax planning and strategy and felt it was very informative and helpful. Clark was knowledgeable and professional on every topic we discussed. I normally don't write any reviews but Clark was so good that I really like to recommend him to others who needs similar consultation on tax planning. More...

Reviewed on Yelp

22 May 2023

This is my first year working with Dimov Tax Services, and they were absolutely fantastic!! I highly recommend them, especially Kelly Sheng, who helped me prepare my tax returns, which were highly complex. Kelly was very professional, responsive, and clarified all questions and concerns in an incredibly straightforward manner. Kelly and team have absolutely raised the bar regarding tax planning and preparation. George and Anvar were also very helpful for the first consultation and initial questions that I had as well. The process with Dimov Tax Services was streamlined and efficient, starting with completing a cover sheet, and uploading of your documents. I was informed each step of the way and was very impressed by how knowledgeable they were. There is no doubt that I'll continue to work with them again! More...

Reviewed on Yelp

22 May 2023

Filed my taxes perfectly and got me a return despite the fact that my taxes were more complicated this year. A little bit more expensive than most CPAs but you get what you pay for and they were super responsive/filed for me perfectly

Reviewed on Google Maps

18 May 2023

We needed information on complicated international tax situations and what options for tax relief we had. Stan was very knowledgeable and explained the concepts and options to us and made it very easy to understand. He was prompt, concise and we got great use out of our consultation time. More...

Reviewed on Yelp

8 May 2023

I worked with Dimov Tax for preparing my household taxes for the past 3 consecutive years. Every time they have been super responsive and the process with sharing documents has been very smooth.

Reviewed on Google Maps

6 May 2023

I have excellent experience working with Dimov tax services. They are very professional, committed, competent, effective and well-organized.

5 May 2023

Reviewed on Google Maps

5 May 2023

I would highly recommend Dimov Tax Services to anyone in need of tax services. Working with them has been an absolute pleasure. From start to finish, they have been responsive, timely, and highly professional. One of the things that really stood out to me was their responsiveness. Whenever I had a question or concern, they were always quick to respond and address the issue. This made the entire process feel smooth and easy, and I never felt like I was in the dark or uncertain about what was happening. More...

Reviewed on Google Maps

5 May 2023

I've worked with Dimov Tax Services for the past 3 years, and can vouch for their top-notch quality, professionalism, and timeliness. They're experts at handling all sorts of complex tax questions, from RSUs to interstate filing. Even under tight deadlines, they went the extra mile by taking the time to recommend tax advice for the future. Special shout-out to Liliya who's been our trusted partner for years :) I highly recommend their services to anyone in need of tax filing services! More...

Reviewed on Google Maps

5 May 2023

Dimov Tax Service was a pleasure to work with for filing our tax needs. He provided very prompt and accurate responses to all inquiries. It could not have been made easier for us. Will definitely be using again for years to come. More...

Reviewed on Google Maps

5 May 2023

I had the pleasure of working with Dimov Tax for the first time this year, and I can't recommend them highly enough. As someone who had never filed taxes in the US before, I was feeling overwhelmed and unsure of where to begin. Dimov Tax made the process so much smoother and less stressful. Thank you! More...

Reviewed on Google Maps

5 May 2023

Dimov Tax Services provided an easy, quick, and painless experience when filing my 2022 taxes. I had a moderately complex tax situation for that year, but Yulia from Dimov Tax Services was great - she made things easy for me and allowed me to understand my taxes and file them on time. Would do business again!

Reviewed on Google Maps

29 April 2023

My experience working with Dimov Tax Services was a financial life saver. I had a non-trivial tax decision to make related to selling RSUs through a private tender offer, and I had to make the decision within 2 business days. I reached out to Dimov, and Bob was able to turn around an in-depth analysis in less than 24 hours. He then offered to hop on a call clearly articulate several possible strategies, and was very transparent about the risk each strategy had exposure to. This allowed me to make the best decision for my financial goals, and now I'm well on my way to retirement due to Bob's advice. Their fee was very reasonable, and it's probably the smartest thing I've ever spent my money on.The team at Dimov now has a client for life. More...

Reviewed on Yelp

25 April 2023

I have worked with them for the last 2 years and have had a wonderful experience each time and plan to continue with them in the future. I wanted to make sure my taxes were done correctly, and that I was making use of all the exemptions that applied to me, and the team was able to help me save a lot of money. I really appreciate Kelly Sheng taking the time to make me feel comfortable and confident that my taxes were done well. More...

Reviewed on Yelp

25 April 2023

I have done my taxes with Dimov for a few years now, and I couldn't be happier with the level of service and expertise that they provided. From start to finish, my experience was exceptional.First and foremost, they are very thorough. My tax situation is a little tricky considering my real estate investments, crypto, and other investments, yet they were able to complete my taxes quickly and accurately.Overall, I would highly recommend Dimov to anyone in need of tax guidance. More...

Reviewed on Yelp

24 April 2023

George runs a top-notch business and cares about his reputation and his customers. Tuan is in high demand but hes well worth the wait. Great place to get your taxes done. More...

Reviewed on Yelp

23 April 2023

Dimov Tax Services provided an easy, quick, and painless experience when filing my 2022 taxes. I had a moderately complex tax situation for that year, but Yulia from Dimov Tax Services was great - she made things easy for me and allowed me to understand my taxes and file them on time. Would do business again!

Reviewed on Yelp

22 April 2023

Highly recommend! Everyone is knowledgeable and helpful. Required little input on my part for a professional and accurate filing each year.

Reviewed on Yelp

21 April 2023

I had the pleasure of working with Dimov Tax for the first time this year, and I can't recommend them highly enough. As someone who had never filed taxes in the US before, I was feeling overwhelmed and unsure of where to begin. Dimov Tax made the process so much smoother and less stressful. Thank you! More...

Reviewed on Yelp

Q&As

Individual Tax Preparation, Business Taxes (LLC, single member sole prop, s corp, c corp, partnership returns), Bookkeeping, Cryptocurrency Taxation, RSU & Stock Option Taxation, Forensic Accounting, Verification of Income, Excel Modeling, Property Management Accounting, Business Valuations and M&A Consulting, Income Projections, Private Equity Taxation, CPA services, Audit, Review, Compilation, Married Filing Joint vs. Separate analysis, Alternative Minimum Tax, Tax Strategy, New Tax Bill, etc.

Hiring quality means you can focus on your life while we handle the paperwork. Hiring quality also means that you know that the job will be done correctly

I am passionate about the things I am good at - tax always came naturally to me and am happy to provide this as a service to others that may not be as preoccupied with tax matters!

I noticed I work faster & more efficiently than any other company I worked for. The next logical step was to start consulting.

We provide great service! Here is proof:

Verified customer reviews below:
https://www.yelp.com/biz/george-dimov-cpa-washington

Services

There are three main types of business entities that require federal tax filings. Partnerships, C-Corps, and S-Corps. Below is a discussion of each, as well as a brief comment on LLCs:

Partnerships
If you have more than one member in your business but have not otherwise incorporated as an S-Corp or C-Corp, you should likely be filing this return. It is reported on Federal Form 1065 and (if applicable) certain state schedules. We support all 50 states. This default classification arises if you apply for an EIN number for a business entity that has more than one owner. This default classification also arises if you have registered an LLC with your state and that LLC has more than one owner, equity partner, or member.

S-Corp
An S-Corp is a small business corporation structure allowed by the IRS. It is reported on Federal Form 1120-S and (if applicable) certain state schedules. We support all 50 states. This is not a default classification – rather, you must apply for it and be approved by the IRS. The appeal of this classification is that it allows for decreased self-employment taxes on your individual return. These tax savings may be substantial, depending on the annual net income of your business. Please contact us for more details or to file your annual return.

C-Corps
A C-Corp is a taxable entity that pays taxes in its own right. It is reported on Federal Form 1120 and (if applicable) certain state schedules. We support all 50 states. This structure is the default classification you must file with the IRS after you file as a corporation with your state or after registering your EIN as a corporation with the IRS. The C-Corp structure allows many shareholders and is the common classification for many Delaware startups and larger businesses.

A Comment on LLCs
An LLC often has state filing requirements. We support all 50 states. However, for federal purposes, you would be filing your LLC taxes on one of two forms: From 1040 Schedule C or Form 1065. If you are the only owner, partner, or member of your LLC, then you would report on Federal Form 1040 Schedule C. If you have more than one owner, partner, or member of the business, then you would report on Form 1065, unless you have specifically incorporated as an S-Corp or other type of entity.

Please contact us anytime regarding any of these entity types as we have helped thousands of businesses of various size over the years.

After years of serving clients in some of the largest metropolitan areas, our practice has obtained the expertise to navigate your specific regulatory environment and achieve desired outcomes on your return with solid professional integrity.

Some common areas that we handle on a daily basis:

Self-employment/contractor/freelancer income
Rental property
Sale of Home
Equity Compensation. For example, RSU, ESPP, ISO, NSO, etc.
Multi-state allocation
Company IPO, merger & acquisition
Crypto currency
Foreign Income Exclusion & Foreign Tax Credit

Our individual tax services provide fast and accurate results.

For individuals with Equity Compensation, we can discuss when and how to exercise or sell your stocks/options to optimize your net after tax income based on your vesting schedule.

For individuals with a business, we can discuss quarterly taxes as well as methods to structure your company, such as possible s-corp conversion or other types of credits & deductions.

Tax Planning
Over the years, clients have given us one important piece of feedback: they often do not want someone “just filing our taxes.” Long-term strategy and building a relationship are important considerations. Some frequent topics that we are hired to discuss include:

Equity compensation – timing & quantity of stock option sales/vests
New home purchase & related tax effects
Joint vs. separate tax returns
Tax benefits of dependents
Quarterly estimated taxes
Moving states

Feel free to contact us to discuss any of these (or any other) long-term tax planning topics.

Past-Due Tax Returns
We have been approached frequently with requests to reconcile past records and file past-due tax returns. Even if you have lost your records, our team will assist in obtaining information from the IRS and any relevant states.

We can help estimate, reduce, or eliminate taxes or interest through various abatement programs, payment plans, and debt settlements (tax reductions) that are available through the government.

Give us a call to learn more about our individual tax services today.

For companies of a certain size, or companies with certain debt/equity funding requirements, audited financial statements may be required. This is the most thorough type of attestation services that an accountant offers in the United States.

Audits are advanced, state-regulated engagements that require detailed review of financials, third party confirmations (such as confirmations of sales by major customers and confirmation of bank balances with banks). If your company has significant assets, inventory, or other physical items that comprise a material component of your financials, an on-site visit will likely be necessary, as well.

The final product are the financials with the auditor’s opinion, which describes how well your company’s financials align with Generally Accepted Accounting Principles, IFRS, or whatever attestation standard you have chosen.

We perform audits of financial statements across industries, notably manufacturing, financial firms, technology, non-profit, real estate, and basic HOAs/condos/coops.

We are peer reviewed, have clients in all 50 US states, and are PCAOB registered, meaning that we file audits for publicly-traded companies (including audit client companies that are subsidiaries of larger firms). We are also happy to serve for smaller audits, such as our many non-profit, HOA, or building clients.

Please feel free to reach out for a quote below – please let us know the industry type and approximate size of your company.

We have found over the years that many clients need a bit more than “just” tax preparation. You may be anticipating some of the below complexities and need a firm to turn to for guidance and planning:

Self-employment/contractor/freelancer income
Rental properties or personal new home purchase
Sale of Home or sale of other types of property
Equity Compensation. For example, RSU, ESPP, ISO, NSO, etc.
Moving of states or residency issues related to working from home away from your employer
Company IPO, merger & acquisition
Crypto currency
Foreign Income Exclusion & Foreign Tax Credit
Investment allocation
Business structure optimization
IRA, 401k, Roth IRA, and other investment strategies (or loans from these types of plans)

Our team of experts has guided countless clients through these complexities and many more. Happy to put together a tax plan or financial projection based on your individual circumstances. Just contact us below for either a verbal appointment or numerical projection.

Non-residents & Visa holders
With clients from over 42 countries, we are fluent in all main aspects of financial reporting. Whether you are here to study, work temporarily, or build a new life, we are happy to support your tax compliance.

Tax returns for visa holders
Dual Status returns
Reporting foreign gifts or foreign transfers
Application of tax treaty

US Expats Living overseas
We have clients currently living in 46 different countries. Some unique items we must address:
Foreign Tax Credit (to prevent double taxation on foreign income)
Foreign Earned Income Exclusion (also to prevent US tax on foreign income)
Reporting of foreign assets & foreign investments
Amending returns that were not filed properly
Streamlined procedures
Forms 5471, 5472, 3520, 3520-A, 8865, 8938, and many more
Feel free to contact us to discuss any of these (or any other) short or long-term tax planning topics.

Penalties for failing to disclose
We have been approached frequently with requests to address (or learn about how to avoid) penalties for failure to disclose foreign assets. Many US tax residents are unaware of the complex rules associated with compliance. If you find yourself in a situation where you are facing a penalty, please reach out to us to learn what may be available to you to fight it.

Tax & Accounting for real estate-related matters can take on virtually unlimited forms. We will summarize a few common types of client requests below.

Tax returns for individuals with rental properties
We specialize in rental properties, whether they are in your state of residence, out-of-state, or outside of the country. These are all common situations for us.

If you are new to investing in rental properties and want to learn the tax & operational basics related to this exciting type of investment, you can also schedule a call with the team to learn the pros & cons of real estate investing.

1031 Exchanges
We are a 1031 exchange intermediary and are happy to work with you through the entire 1031 exchange process. If you are not sure if a 1031 exchange makes sense for you, please contact us to schedule an appointment to understand how the process works.

House flips
We have quite a few clients that either flip homes full time or have several projects as a side venture. Our team specializes in tax optimization and strategy for this type of situation and will ensure you are maximizing all possible deductions, exclusions, etc.

Sale of Primary Residence
We are frequently contacted to consult with clients regarding their sale of their home. Common questions include: will I pay taxes on the capital gains? If so, how much can I expect to pay?

Real Estate Agents
With countless leading real estate agents as clients, we have a wealth of experience with tax planning & strategy for this type of taxpayer. The opportunities for tax strategy here are really endless, from structuring as s-corp, c-corp, or LLC to SEP/solo 401k plans and other tax deferral strategies. Whether you need annual tax preparation or a consulting call to determine tax optimization strategy, reach out to us below.

Services HOAs, HDFCs, Condos, Co-ops, Cond-ops, or Condo-Tels
We perform the full range of services for this type of client – this includes monthly bookkeeping, annual financial statement audit, review, or compilation, 1120-H or annual tax filings, quarterly taxes, payroll, 1099 issuance, etc. We also offer accounting outsourcing for buildings that are self-managed. Just reach out with our web form below.

Private equity funds that invest in real estate
We are a full service accountant for PE funds that focus in real estate, including fund administration, partners capital statement issuance, K-1s, annual returns, 1099s, monthly/quarterly/annual statements, and annual audits, reviews, and compilations

If you have any of these common requirements, just contact us below & we will be more than happy to assist you.

Compilation engagements generally produce simply a set of standard, professional financial statements. Compiled financial statements do not include the extensive third-party verifications typical of an audit or the extensive testing typical of a review. For this reason, they are usually the least time-consuming to produce and generally the least expensive attestation engagement.

Please reach out below if you need assistance with your financial statement compilation.

Annual tax returns
Each year, your non-profit organization must file one of several types of forms, most often the IRS 990 or 990EZ and related disclosures. We are happy to assist you with this type of filing. The complexity here may revolve around revenue types you have and the overall details of your organization.

Regardless of the mission of your nonprofit, we are happy to file these forms for you. Non-profit returns are due on May 15th of each year (for most types of organizations), however, please do contact us as early in the season as possible. Please make sure to have your books ready, which leads me to the next topic.

Monthly bookkeeping services
Many non-profits, once they reach a certain size, may have an entire finance team, complete with a controller, senior accountant, and assistant. However, some organizations (large and small) outsource this function to us.

Bookkeeping is normally completed monthly so we can stay on top of the expenses and revenues in real-time. This allows us to properly categorize items while memory is still fresh & we can ask questions.

However, if you are in a situation where your books have not been completed for a whole year, or multiple years, we are happy to clean these up for you. Please contact us below for either ongoing monthly bookkeeping or for catchup/cleanup work.

Annual Financial Statement Audits, Reviews, and/or compilations
Many organizations are required to complete an annual audit or review. Some organizations only require a compilation. These are attestation services that are useful for gauging the reliability of management’s financial statements.

Most audits for nonprofit organizations can take several weeks, so contact us as early as possible for this requirement. We also have expedited services available if necessary, however, certain elements of the audit process may require 3rd party confirmations, the timeline of which may be out of your control, so my recommendation is to start as early as possible.

Entity formation
We are asked to form entities with the state quite often as well as obtain non-profit standing with the IRS. Remember, even though you created a non-profit corporation with your state, that does not mean you automatically have IRS non-profit standing. IRS approval requires complex paperwork, so contact us if you needed assistance obtaining your status. We support all statuses available, such as 501(c)3 and social clubs/societies.

Issues surrounding good standing status with the state
We are frequently asked to restore good standing or catch up on missing filings for state purposes. These situations often lead to your entity being in poor standing with the state or having their status withdrawn. If you need assistance with this, just contact us & we will clear it up for you.

If you have any of these common requirements, just contact us below & we will be more than happy to assist you.

Our firm has over a decade of experience in bookkeeping for businesses ranging in size from a single owner to countless staff members.

We support online accounting platforms and are happy to work with whatever system you are using, provided that it is accessible through a browser. Our experience in most major platforms is extensive, leading to top-quality work.

Some common platforms are Quickbooks Online, Xero, Wave, and Freshbooks, however, we have clients on over a dozen other types of software.

Our bookkeeping includes whatever quarterly or monthly deliverables you need, such as financial statements, categorization of transactions, reconciliation of invoices/payments, quarterly income or sales taxes, and other recurring tasks.

Our CPA team are also available to discuss business and tax strategy on an ongoing basis, essentially partnering with you to make sure you understand company performance. Although it is not required to be a CPA to be a good bookkeeper, all our senior staff hold advanced degrees and/or licenses.

Payroll

From one single employee to over 100, our small business services will help you put together your payroll system, administer benefits, and ensure you are in compliance with federal, state and local code.

Sales Tax

From setup to monthly, quarterly, or annual reports, we are happy to complete this service for you. If you have issues with sales tax or have received a notice from the state, please send over to us at hello@dimovtax.com and we will address for you.

Tax Preparation

Whether your small business is an S-corp, LLC, Partnership, or C-corp, we are happy to assist you with annual, quarterly, or monthly filings. Some clients are not sure what entity type is best – just let us know if you need help with the selection & we will provide all tax-related guidance.

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