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Solving Tax and Accounting Challenges for Individuals & Businesses in Portsmouth

We Keep Taxes Simple and Reliable With Experienced Portsmouth Tax Accountants

We provide tax solutions that truly count for your financial stability. Our Portsmouth accountants file accurately, spot deductions, and watch for tax law changes. We know your needs, handle your documents, and guide your financial decisions. Your success is our success.

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★★★★★ 5/5

"I used Dimov Partners for my 2023 returns in Virginia and was pleasantly surprised by the service. They have a good team, and worked quickly & diligently whenever I reached out to them." -Tom Hallock

★★★★★ 5/5

Get award-winning accounting services

IRS audits cost business owners thousands in fines plus legal fees. Our tax professionals keep you fully compliant while maximizing your financial gains. We support individuals and businesses alike. Contact us today to protect your wealth and grow your bottom line.

Stronger Finances With Reliable Tax and Accounting Services in Portsmouth

Tax planning keeps more money in business operations. Filing mistakes and missed deductions cost more than most realize. Working with accountants who understand tax strategy helps businesses run smoothly through our services in Portsmouth.

Portsmouth CPAs That Make Taxes Less Taxing

We look at your complete financial picture, find tax-saving opportunities, and implement legal strategies that work. Through attention to detail, our CPA services help clients reduce their tax burden within the first year. Client results back this up.

How Our Portsmouth Certified Public Accountants Save You Time & Money

Compliance protects revenue. Strong records prevent errors. Accurate filings reduce penalties. Every financial decision impacts stability and long-term growth. Missed deadlines and incorrect reporting create setbacks that take time and money to fix. Businesses that stay proactive avoid disruptions, protect cash flow, and keep their financial outlook steady.

Reliable Tax and Accounting Services Designed for Portsmouth Business Owners

Tax Preparation

Get your taxes done right, fast

Managing business and personal taxes takes experience. Handling complex tax filings, structuring deductions, and tracking multi-state obligations all require careful planning. Choosing a trusted tax CPA keeps everything compliant while protecting earnings.

Forensic Accounting

Evidence-based financial investigations

The truth hides within your numbers. Our forensic accountant team finds it through thorough investigation of fraud, damage calculations, asset searches, and company valuations. We understand what courts need as proof. Our findings help you make choices based on facts instead of hunches about your situation.

Bookkeeping

Clean books, clear business picture

Portsmouth business owners need clear financial information. Our small business CPA team handles all your bookkeeping using Quickbooks or your preferred system. We track every invoice, payment, and expense correctly. This gives you reliable reports to make good business decisions and keeps you ready for taxes. Your business grows faster when you can trust your numbers.

Tax Consulting

Smart tax choices, better results

No one should struggle with unclear tax rules. We simplify tax planning for businesses and individuals, handling expat taxes, international filings, and multi-state issues. As Portsmouth tax consultants, we take care of the details so clients can focus on what matters.

Payroll Services

Payroll compliance, handled correctly

Payroll should work for you, not against you. Our small business accountant team configures Quickbooks, Gusto, or Rippling to match your workflow. We solve multi-state tax issues, streamline benefits administration, and create systems that adapt as you grow. Your employees get paid on time while compliance stays automatic behind the scenes.

Amended Tax Returns

Fix past tax return mistakes

Tax returns need fixing sometimes. People get W-2s late. They miss write-offs. Their marriage status changes. They forget some income. We submit Form 1040X correctly to sort these problems out. Many clients receive unexpected money back after we file their amendments. We tackle old back taxes too without making you feel bad. Our job involves fixing mistakes so you can move forward with confidence.

Financial Audits

Thorough reviews for accuracy

Financial audits reveal more than numbers. They expose risks, inefficiencies, and lost opportunities. Our certified tax accountants conduct structured reviews, correct reporting errors, and strengthen financial records. Businesses that understand their numbers stay ahead, reduce tax burdens, and build long-term financial stability with informed decisions.

Tax Audit Representation

Expert defense in IRS audits

IRS audits require structure and accuracy. Our tax accountants manage correspondence, field, state, sales, and payroll audits with strong success on first responses. We clarify tax obligations, correct reporting issues, and develop structured plans that keep businesses compliant while reducing financial risks and unnecessary penalties.

Real Estate Taxes

Property tax planning made simple

Real estate transactions come with tax complexities that require structured planning. Our tax accountants manage 1031 exchanges, organize tax filings, and develop business structures for real estate professionals. Many overlook critical tax strategies, leading to unnecessary costs. With expert guidance, financial risks decrease, tax planning improves, and structured decisions lead to better financial outcomes.

Resources From Our Expert Accountants

Explore our resource center to spot tax filing mistakes before they happen. Our articles explain how to avoid penalties and find overlooked deductions. We break down complex local and international tax laws into simple steps anyone can follow.

IRS High Income Earner Audits: What You Need to Know

April 25, 2025

Strategies to Reduce Tax Liability While Maximizing Impact

April 24, 2025

How to Determine Bonding Capacity

April 22, 2025

Get Your Tax & Accounting Questions Answered

Accounting costs should be clear. Tax filings should be structured. Crypto reporting should be accurate. Our tax accountants provide oversight, explain obligations, and manage filings. Every process is handled properly, every record is accurate, every financial decision is backed by knowledge, by strategy, by experience.

Average accountant hourly rates by years of experience (2025)

Hourly Rate ($)

$400 $300 $200 $100 $0

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2-4 years

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How much does an accountant cost in Portsmouth, VA?

Accounting services in Portsmouth often range from $100 to $400 per hour. Costs vary based on location, business size, service complexity, and the accountant’s background. Many businesses overpay while missing tax-saving opportunities. Our CPA costs are structured to reduce expenses, improve accuracy, and optimize financial results. Clients receive timely support and detailed tax planning that keeps earnings protected. Working with us means stronger financial management and lower overall costs.

What is the average cost of tax preparation by CPAs in Portsmouth, VA?

Many accounting firms in Portsmouth charge between $2,000 and $5,000 for tax preparation, depending on complexity. High prices do not always mean better service. Our team delivers stronger results at lower rates for personal, business, international, and expat taxes. Clients avoid costly mistakes and wasted time while gaining clear, accurate filings. Get expert tax support from professionals who make the process simple. Contact us today for a quote and take control of taxes.

How much does a bookkeeper cost?

Choosing the right bookkeeping service means balancing cost, accuracy, and efficiency. Part-time bookkeepers charge $400 to $800 per month. Full-time bookkeeping costs range from $3,000 to $4,500. Outsourced services fall between $400 and $2,500 depending on experience. Many businesses overpay for slow and inaccurate bookkeeping. We complete the work faster and with fewer errors, delivering financial records that help businesses make stronger financial decisions without unnecessary expenses.

Why work with a crypto tax accountant?

Proper cryptocurrency reporting follows specific IRS guidelines. Wallet privacy tools add complexity to tax preparation but remain reportable transactions. The key distinction involves reporting outcomes without revealing all transaction details unnecessarily. Our crypto tax accountants balance these requirements for Bitcoin, Ethereum, and DeFi participants. We prepare current returns, amend past filings, respond to IRS notices, and plan strategies that limit tax exposure next year. Schedule a consultation to protect both your wealth and privacy.

Can you help with IRA's and 401ks?

Taking money from retirement accounts in the wrong order can cost you thousands in taxes. We look at your IRAs, 401(k)s, and Roth accounts together to create a withdrawal plan that makes sense for your life. Our retirement planning services help you decide which accounts to tap first and when to switch. This approach typically saves clients 10-15% on their tax bills. We handle the complicated math so you can enjoy your money without worrying about tax consequences.