What is a virtual CPA?

A virtual CPA provides the same services as a traditional CPA firm — tax preparation, bookkeeping, audits, financial planning — but delivers them remotely using secure cloud technology. You get expert-level service without visiting a physical office.

How much do virtual CPA services cost?

Pricing depends on the complexity of your financial situation and the services you need. We provide transparent fee estimates during your initial consultation. Virtual CPA firms typically have lower overhead than traditional firms, which translates to more competitive rates.

Do I need an audit for my nonprofit?

Many states require nonprofits to have an independent audit once they exceed certain revenue thresholds, often $500,000-$750,000. Grant-making organizations and government agencies frequently require audited financial statements. We can help determine your specific audit requirements.

What is the difference between an S-Corp and an LLC for tax purposes?

An LLC provides liability protection and pass-through taxation by default. An S-Corp election can provide additional tax savings by allowing owners to split income between salary (subject to payroll taxes) and distributions (not subject to payroll taxes). The right choice depends on your income level, business structure, and state tax laws.

What does a virtual CFO do?

A virtual CFO (fractional CFO) provides high-level financial strategy and oversight on a part-time basis — budgeting, forecasting, cash flow management, financial analysis, KPI reporting, and strategic financial planning. You get C-suite financial leadership without the full-time cost.

Can you help if I'm behind on bookkeeping or taxes?

Yes. We offer catch-up bookkeeping services to bring your books current and can help resolve back tax issues including IRS notices, unfiled returns, and payment plans.

What accounting software do you work with?

We work with QuickBooks Online, Xero, FreshBooks, Wave, and other major cloud accounting platforms. We can also help you select and set up the best software for your business.

How do I prepare for tax season?

Organize financial records throughout the year, keep receipts for business expenses, track mileage and home office usage, make quarterly estimated tax payments, and schedule a year-end tax planning session before December 31.

What is DCAA compliant accounting?

DCAA (Defense Contract Audit Agency) compliant accounting is a system that meets federal government requirements for contractors. It includes proper timekeeping, job cost accounting, indirect cost allocation, and specific internal controls required for government contract work.

Do I need a CPA or a bookkeeper?

Bookkeepers handle day-to-day recording of financial transactions. CPAs handle higher-level work — tax planning and preparation, audits, financial analysis, and strategic advice. Many businesses need both. Our firm provides both services so you have one team managing everything.

What's the difference between an audit, review, and compilation?

An audit provides the highest level of assurance through independent verification of financial statements. A review provides limited assurance through analytical procedures and inquiries. A compilation presents financial information in statement format without assurance. The right choice depends on your stakeholders' requirements.

Do you serve businesses outside the DMV area?

Yes. While our primary service area is Washington DC, Maryland, and Virginia, we serve clients nationwide through our 100% virtual model. Our cloud-based systems allow us to work with businesses anywhere in the United States.

How long does an audit typically take?

Most audits take 4-8 weeks from start to finish, depending on the complexity of your organization and the type of audit. We work with you to establish a timeline that meets your deadlines and minimizes disruption to your team.

What's the difference between an audit and a review?

An audit provides the highest level of assurance through detailed testing and verification. A review provides limited assurance through analytical procedures and inquiries. A compilation simply presents your financial information without assurance. The right choice depends on what your stakeholders require.

Do you work with nonprofits?

Yes, nonprofits are a significant part of our practice. We're experienced with nonprofit accounting standards, grant compliance, and the specific reporting requirements that funders and boards expect. We perform Nonprofit Financial Statement Audits, Single Audits, and Board-Requested Governance Audit Support.

What is a Yellow Book audit?

A Yellow Book audit follows Government Auditing Standards (GAGAS) and is required for many organizations receiving government funding. It includes additional requirements beyond a standard audit, including testing of internal controls and compliance with grant terms.

What is a Single Audit?

Organizations that spend $1,000,000 (raised from $750,000 effective for fiscal years beginning on or after October 1, 2024) or more in federal awards in a fiscal year must have a Single Audit under Uniform Guidance. This comprehensive review examines both your financial statements and your compliance with federal program requirements.

How much does an audit cost?

Audit fees vary based on the size and complexity of your organization, the type of audit required, and the condition of your records. We provide a detailed proposal after our initial consultation so there are no surprises.

Can you audit our 401(k) or retirement plan?

Yes, we perform Employee Benefit Plan audits for 401(k) plans, 403(b) plans, and other ERISA-covered plans. These audits are required for organizations with 100 or more eligible participants and ensure your plan is properly administered.

What is SOC Readiness?

SOC Readiness (or Controls Readiness) helps organizations prepare for a SOC 1 or SOC 2 examination by evaluating their internal controls. We help identify gaps and recommend improvements before the formal examination.

How do you work with organizations remotely?

We've built our practice around virtual delivery. Using secure file sharing, video calls, and modern collaboration tools, we can conduct a thorough audit without requiring extensive on-site visits.

Audit & Assurance

What types of audits does Your Virtual CPA perform?

We perform Financial Statement Audits, Single Audits (Uniform Guidance), Yellow Book Audits (GAGAS), Nonprofit Audits, 401(k) and Employee Benefit Plan Audits, Review Engagements, and Compilation Engagements. Our virtual-first approach serves organizations throughout the United States.

Third-party confidence in your financials

When stakeholders need assurance that your numbers are accurate, we're here to help. Comprehensive audit services for nonprofits, government grantees, retirement plans, and growing organizations.

No pressure — just clarity.

Quick Summary

Independent verification of your financial statements
Comprehensive expertise: Financial Statement, Single, Yellow Book, Nonprofit, and EBP audits
Review and Compilation engagements for varying assurance needs
Agreed-Upon Procedures for targeted testing
Clear communication throughout the process
Secure, virtual-first delivery

This is for you if...

Audit & Assurance Engagement Types

Varying levels of assurance based on stakeholder needs and requirements.

Financial Statement Audit

Complete examination with an independent opinion. The highest level of assurance.

Review Engagement

Limited assurance through analytical procedures and inquiries.

Compilation Engagement

Financial statement preparation without assurance opinion.

Agreed-Upon Procedures (AUP)

Customized testing focused on specific areas of concern.

Examination Engagement

Attestation examination for specific subject matter.

When you work with us for an audit, you get more than a report. You get a partner who understands your organization and communicates clearly throughout the process.

Independent audit opinion on your financial statements

Management letter with observations and recommendations

Clear explanations of findings (not just jargon)

Access to your engagement team throughout the process

Support for questions from stakeholders after delivery

Insights to strengthen controls and processes

What it looks like to work together

Discovery call

We learn about your organization, audit requirements, and timeline.

30 min

Engagement planning

We outline the scope, deliverables, and schedule together.

1 week

Document gathering

You provide access to financial records and we begin our review.

1-2 weeks

Fieldwork

We conduct testing, confirmations, and detailed examination.

2-4 weeks

Draft review

We share preliminary findings and discuss any questions.

1 week

Final report

You receive your audit opinion and management letter.

Delivery

Not sure which service you need?

Question 1 of 3

What best describes your current financial situation?

Frequently Asked Questions

Key Takeaways

Audits provide third-party confidence in your financials

Multiple engagement types for different assurance needs

Specialized in nonprofit, government, and benefit plan audits

Virtual delivery means less disruption to your team

Clear timelines and no surprise fees

Recommendations to strengthen your organization

Ready for assurance that your financials are accurate?

Whether you need an audit for compliance, a funder, or peace of mind, we're here to help guide you through the process.