Taxes & Accounting
With the housing market and the home improvement and remodeling sector being such important drivers of our mainstream economy, States have instituted licensing requirements for those working within these sectors to safeguard them, as well as the public in general. A safeguarded and vibrant sector fosters good practices and an environment of trust on the part of consumers and the general public, which are positive circumstances for individuals and businesses looking to have long careers and to thrive within the sector. As such, certain activities and professions have been turned into licensed occupations. This means that, by applying for and obtaining their licenses, individuals are constituted as legal actors within such sectors who are deemed competent to engage in the activity or occupation for which they have been issued a license and knowledgeable of the rules they must comply with while so doing. Performing activities for which a license is required without holding one, therefore, has negative consequences for your business and can put you at risk of being subject to fines, penalties, sanctions, and even imprisonment. We take pride at Zitro Services LLC of helping individuals become licensed professionals and successful business owners, and, in effect, contribute to creating positive conditions for the industry and for our communities. We assist you with the entire process of applying to and obtaining the following licenses:
- This license constitutes you has a General Contractor authorized to sell and perform home improvements in the state of Maryland. Upon approval, you are issued two licenses, a contractor license and a salesperson license.
- As a requisite, you must pass a 58-question-exam testing you on your knowledge about the home improvement law and other related regulations with 70% of questions correctly answered.
We offer the MHIC education course to prepare you for the MD Home Improvement Commission’s exam. In this course you are taught about the Maryland Home Improvement Law and other rules you are subject to as a contractor, a salesperson, an employer, and a business owner. We provide you with the official book of the commission and with test practices that will get you fully prepared to take and pass the official exam, which we schedule for you.
Upon passing your exam, we assist you with the entire application process. We do an analysis of your case and information, accurately prepare your application package, prepare your financial statement, and ensure all of the information is consistent with the Commission’s requirements. We then take care of your application’s submission by sending it by certified mail and conduct regular follow-ups until you receive your license, which generally takes anywhere from 30 days to 45 days. Having assisted over 1,000 contractors with this process, we know exactly what information the commission requires and how it wants it presented, which avoids your process being delayed. Equipped with the infrastructure and know-how we expediently and efficiently prepare your application and submit it for prompt approval by the Commission.
Authorizes the license holder to do residential, commercial, and new home construction work in the District of Columbia. Upon approval of your license application, you will receive two licenses, the General Contractor License and the Salesperson License. Both, the applicant and their business become licensed.
- There are no pre-licensing education or exam required.
- You must have registered your business with the District and have an address in DC.
- You must have a general liability insurance.
- The license is issued within 30 days from receipt of your application.
We assist you with the whole submission and processing of your application for the license and serve as registered agents of your business for the duration of the license, two years. After that period, if you do your license renewal with us, we can continue being your resident agent.
A year from the approval of your D.C. General Contractor License & Manager in Construction, we assist you with doing, submitting, and processing your Real Property Tax Report. Real property taxes are paid biannually, thereafter.
ACCOUNTING SERVICES
For effective and meaningful planning that leads to business growth and longevity it is fundamental to have a clear and accurate understanding of where your business is financially.
We offer accounting and bookkeeping services tailored to your business’s needs to help you and your business fulfill growth, stability, and longevity. By having a real account of your business’s books, you will be better equipped to make sound decisions that benefit, rather than imperil, your business. You will also save your business from the repercussions of not fully complying with tax obligations. When you entrust us with your bookkeeping and accounting needs, your business will have on its side experts with proven record to accurately assist you in making the right decisions, however complex they may be, and to handle your books with utmost professionalism. Accordingly, as part of our accounting and bookkeeping services we provide the following for contractors and small businesses:
- Business consulting.
- Budgeting.
- Forecasting.
- Bookkeeping.
- General Ledger processing.
- Cash flow management.
- Periodic Financial statements – monthly, quarterly, and annual.
- Income tax consulting, planning, preparation, and compliance.
TAX SERVICES
At Zitro Services LLC we offer individual and business tax services uniquely tailored to your needs to optimize the credits and deductions you are entitled to, personally and businesswise, to enhance tax compliance, to reduce your tax liabilities, and to ensure you are equipped with a tax plan that fits your overall financial and wealth management plan and goals.
A one-stop shop for contractors in the D.C., Maryland, and Virginia area, Zitro specializes in providing a wide spectrum of services to strengthen our customers’ contracting businesses. These include accounting, bookkeeping, and tax services specifically tailored to meet their contracting business needs.
Tax solutions for Individuals
- Tax return preparation.
- Tax compliance and planning.
- Personal income tax planning.
- Financial planning.
Tax solutions for Businesses
- Income tax return planning and preparation.
- Sales and payroll tax return preparation.
- Assistance with selecting legal organization.
