We’re back to the Tidewater area and are bigger and better than ever. We’re successfully growing after taking care of you and people like you for decades. Remotely or in person, we have you covered. We are here to help you 24/7, year round, with any accounting, payroll, tax especially COVID-19 questions or concerns.
How about a walk down memory lane?
This first photo was from 2013.
My, how we’ve grown! This is from now:
For United States individual income tax, adjusted gross income (AGI) is total gross income minus specific reductions.[1] Taxable income is adjusted gross income minus allowances for personal exemptions and itemized deductions. For most individual tax purposes, AGI is more relevant than gross income.
Source: Wikipedia
These deductions reduce AGI. Amounts deductible against gross income in arriving at adjusted gross income (AGI) are called “above-the-line” deductions.
If the total of a taxpayers itemized deductions is greater than standard deduction for the applicable filing status, Schedule A should be used.
Here is a summary of deductions which are itemized on Schedule A
Taxpayers who make contributions to a retirement plan may reduce their tax liability and earn increased benefits when it is time to retire. RTR Accounting, Payroll & Tax Services is ready to help you with:
AccountingFrom start-ups to established enterprises, your business relies on accurate & insightful financial information in order to maintain profitability & capitalize on new opportunities.
PayrollWe offer cost-effective and dependable payroll solutions as part of a comprehensive package for small business clients.
Tax ServicesIncome Tax Services for business owners and individuals alike. Secure, reliable, affordable tax services done by professionals that you can trust!
1606 Ridgehaven Rd.
Henrico, VA 23229
804-929-0182
5448 Nansemond Pkwy.
Suffolk, VA 23435
757-376-7350
Fax: 804-929-5499
