Richmond is packed with government contractors and professional services firms. Virginia PTET, entity optimization, and federal strategy drive $50K+ in annual savings.
VA top rate 5.75%. Moderate tax state. Proximity to DC creates government contractor density.
Richmond levies a BPOL (Business, Professional, and Occupational License) tax on gross receipts. Rates vary by business class.
A Richmond government contractor doing $4.4M in revenue was paying full VA rates with no PTET election and a basic retirement plan. After PTET election, entity restructuring, and upgrading to a cash balance plan, annual savings totaled $72,000.
Bypass the $10,000 SALT deduction cap with a Pass-Through Entity Tax election, recovering state taxes as a business deduction.
Learn more →Optimize your business structure across LLCs, S-Corps, and holding companies to minimize tax exposure and maximize protection.
Learn more →Reclassify building components to 5, 7, or 15-year property for accelerated depreciation and massive first-year deductions.
Learn more →Eliminate $15,000 to $40,000+ per year in unnecessary self-employment tax with the right S-Corp election and salary structure.
Learn more →Go beyond a basic 401(k). Cash balance plans, defined benefit plans, and hybrid structures multiply your tax-advantaged savings.
Learn more →We serve Richmond business owners remotely with the same depth as a local firm. Our Tax Intelligence Framework starts with a comprehensive review of your financials, entity structure, and current tax position. We then build a custom strategy and implement it.
We work alongside your existing CPA, not replacing them. Learn more about our tax strategy service or read about how we work alongside your CPA.
Book a free review and we'll identify exactly how much you're overpaying and the strategies to fix it.
Tell us about your business and we'll identify every savings opportunity available to you.