Gumax Accounting Services

Gumax Accounting Services We offer a broad range of services for business owners, executives and independent professionals. You don’t need a background or degree in business.

We are now a CPA firm in Maryland with a network of CPAs and Consultants across USA, Europe, Africa, and Asia. We are a group of professionals providing you with all your accounting and financial planning needs all under one roof (Virtual Cloud) by a network of high integrity professionals. We are also recruiting other accounting firms or individuals with interests and qualities we are looking for

to join our partnership or sub contract with GumaxCPAs-contact us for more details. To the Entrepreneur

Start a business, accumulate wealth and achieve financial independence, and retire to a life of luxury, leaving your heirs with a business that is thriving and increasing in value.With determination and dedication you can do it ,only in America.At Gumax,we provide clients who have helped us expand over the years(and any other clients or individuals with entrepreneurial spirit) chance to be in business FOR themselves but not BY themselves. Gumax Accounting Services ,backed with experienced group of professionals ,provides all the support and training you need! Plus, you have the freedom and flexibility to build your business how you want it — when you want to. or Accounting. Gumax is 100% dedicated to helping your business efforts and offers an Entrepreneurial Success System that is dedicated to helping you succeed. Corporate Support

Home Office: Dedicated group of professionals(accountants CPAs and financial advisors) working toward YOUR success. Training and Development: From getting certified to running a successful business, Gumax keeps its clients and partners current on the latest training and development. Legal and Compliance Advisory: Keep you up-to-date on the latest industry and regulatory requirements. We keep abreast of tax law changes and use industry leading software . GumaxPlus Training Academy
Tax return preparers that are compensated for federal tax returns will be subject to new requirements from the IRS as of 2011. The requirements include the following:

Registration IRS Tax Professionals PTIN system sign-up (Began in mid-September 2010)
This is required for everyone preparing tax returns

Testing (Began November 2011)
Registered tax preparers only. Attorneys, certified public accountants, and enrolled agents are exempt. Continuing Education (Begins in 2012)
Registered tax return preparers only. No additional education requirements imposed on attorneys, certified public accountants, or enrolled agents. Gumaxplus Traning Acadamy is now powered by Fastforward Academy

Tax preparation can be confusing. So many tax laws change from year to year. knowledgeable tax professionals will guide you through deductions and credits the average taxpayer doesn’t know about or realize apply to them. The ultimate end product of accounting is NOT good financial reports. Rather, the desired end points of accounting are an excellent understanding of your business and better management action. Remember, accounting does not equal bookkeeping. Providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not be compromised. Our Analysts fill the gap between bookkeeping and action. And at GUMAX Accounting Services we do it ALL with Dedication dedication and desire. GUMAX International Ltd started as a tax preparation business in 1998 has now grown to become a solid accounting firm backed with a wide range of experienced professionals in all accounting fields and state of the art financial software. We are always recruiting training and developing a high integrity group of people who are number lovers or who have a desire to own a business one day.

How’s your business’s health now that we’re more than halfway through the year? If you’re not sure, it’s time for a chec...
09/02/2026

How’s your business’s health now that we’re more than halfway through the year? If you’re not sure, it’s time for a checkup. We can help identify strengths, diagnose risks and prescribe the right moves to keep your business thriving. Contact us at (866) 412-3880 to schedule your business wellness check today!

Effective job costing can help business owners make smarter pricing and budgeting decisions. By tracking the direct labo...
08/31/2026

Effective job costing can help business owners make smarter pricing and budgeting decisions. By tracking the direct labor, materials and overhead tied to specific jobs or projects, you gain a clearer picture of profitability and operational efficiency. Without accurate data, it’s easy to underprice work, overlook cost overruns or misjudge your most profitable services. We can help you set up practical costing methods that improve financial insight and support better decision-making. Call us at (866) 412-3880 for more information.

Scholarship awards can provide significant financial relief to families of college-bound students. Most, but not all, of...
08/28/2026

Scholarship awards can provide significant financial relief to families of college-bound students. Most, but not all, of the awards are tax-free. To qualify for tax-free status, scholarships must meet three criteria: 1) The student must be a degree candidate at an eligible educational institution, 2) the award must be used to pay for tuition and fees, books, and certain supplies (not room and board or travel), and 3) the award can’t represent wages for teaching or research. Many graduate student awards have employment compensation components, so they may be taxable. Also, taxable scholarship money could potentially be subject to the “kiddie” tax. Contact us at (866) 412-3880 for more information.

If you’re age 50 or older, a great way to enhance your retirement nest egg is to make “catch-up” contributions to your 4...
08/26/2026

If you’re age 50 or older, a great way to enhance your retirement nest egg is to make “catch-up” contributions to your 401(k), 403(b), 457 plan, SIMPLE or IRA. And workers age 60 to 63 can potentially boost their 401(k) or other employer-sponsored retirement plan up to 150% of the regular catch-up limit. For 2026, this means an extra contribution of $11,250 ($5,250 for SIMPLEs). Want to make the most of tax-advantaged savings opportunities? Contact us at (866) 412-3880.

Is federal tax debt blocking you from achieving your financial goals? Unresolved tax debt can lead to interest and penal...
08/24/2026

Is federal tax debt blocking you from achieving your financial goals? Unresolved tax debt can lead to interest and penalties, tax liens, asset seizures — and even the denial or revocation of your passport. These consequences can make it difficult to move forward. The good news is relief may be just a phone call away. We can assess your situation and help you find a path forward. Contact us at (866) 412-3880 to discuss your next steps.

The IRS has increased the 2026 cents-per-mile rates for calculating tax-deductible vehicle operating costs due to rising...
08/21/2026

The IRS has increased the 2026 cents-per-mile rates for calculating tax-deductible vehicle operating costs due to rising fuel costs. Effective July 1, 2026, the standard mileage rate for the business use of a car, van, pickup truck or panel truck is 76 cents per mile, up from 72.5 cents per mile for the first half of the year. The revised rate for medical and eligible moving purposes is 23.5 cents per mile, up from 20.5 cents per mile. For charitable driving, the 14 cents per mile rate remains unchanged. These rates apply to gasoline- and diesel-powered vehicles as well as electric and hybrid ones. To protect your deduction, keep detailed mileage records. Call us at (866) 412-3880 with questions.

The IRS is more likely to audit certain types of businesses, such as those that are primarily cash-based. Although you p...
08/19/2026

The IRS is more likely to audit certain types of businesses, such as those that are primarily cash-based. Although you probably can’t change the nature of your transactions, you can control the accuracy of your tax returns. Minimize errors by maintaining meticulous documentation. Generally, you should keep tax records for at least three years — the normal statute of limitations for an IRS adjustment. And don’t try to go it alone: Call us at (866) 412-3880 for help reducing the likelihood of attracting IRS scrutiny, as well as for support if your tax return is ever questioned.

Business owners: Should you use cash to pay federal tax debt or keep it for operational needs? Paying the IRS sooner may...
08/17/2026

Business owners: Should you use cash to pay federal tax debt or keep it for operational needs? Paying the IRS sooner may ease stress and reduce penalties, but draining cash can disrupt operations, payroll and growth. There’s no one-size-fits-all answer. In many cases, the IRS offers options — such as installment agreements, temporary collection holds or penalty relief — that may help you stay compliant while preserving cash flow. The biggest risk is choosing extremes, either depleting cash reserves or ignoring the issue. A balanced strategy often works best. Call us at (866) 412-3880. We can review your options and help you create a plan.

It’s easy to focus on the excitement of a big win. But before you spend lottery, gambling or other winnings, be sure you...
08/14/2026

It’s easy to focus on the excitement of a big win. But before you spend lottery, gambling or other winnings, be sure you understand the tax impact. Federal tax law generally treats such winnings as taxable income. Knowing the basic rules can help you avoid surprises when you file your 2026 return next year. For example, if you win more than $5,000, generally the payer (lottery agency, casino, etc.) will withhold 24% for federal tax purposes — which may or may not be enough to cover your tax liability — and send you and the IRS a Form W-2G showing the winnings paid and tax withheld. There also might be state tax consequences. Call us at (866) 412-3880 to learn more.

You may be eligible for the Child and Dependent Care Credit if you pay for care so you can work. For 2026, the credit fo...
08/12/2026

You may be eligible for the Child and Dependent Care Credit if you pay for care so you can work. For 2026, the credit for lower-income taxpayers increases from 35% to 50% of the first $3,000 of qualified expenses for one child ($6,000 for two or more children). Some middle-income taxpayers may also qualify for a larger percentage than in prior years. Call us at (866) 412-3880 to learn how the updated rules may apply to your family.

Address

2862 Garber Way
Woodbridge, VA
22191

Opening Hours

Monday 9am - 9pm
Tuesday 9am - 9pm
Wednesday 9am - 9pm
Thursday 9am - 9pm
Friday 9am - 9pm
Saturday 9am - 6pm

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