Business Details
31 Years
experience
Expert CPA Services for Individuals & Businesses in Virginia
At Shafi & Company & Company, we are dedicated to delivering exceptional accounting, tax, and financial management solutions tailored to individuals and businesses. With over three decades of expertise in the Washington metropolitan area and internationally, our firm prioritizes timeliness, value, and personalized service. We specialize in simplifying complex financial and tax challenges through accessible, practical strategies while staying ahead of industry changes through continuous education. Our commitment extends beyond client serviceswe actively contribute to the community as educators and mentors, preparing future financial professionals through university teaching and local advisory roles.By combining deep technical knowledge with a proactive approach, we empower clients to make informed decisions that align with their unique financial goals. Our reputation for quality service at competitive rates has fueled steady growth since 1995, driven by client trust and referrals.
Services
Tax Planning & Compliance
Financial Management
Estate Tax Services
Payroll Management
Business Advisory
IRS Audit Representation
Retirement Planning
Accounting Software Implementation
Wealth Management
International Tax Services
Details
- Year established: 1995
Highlights and features
- We offer 30+ years of specialized tax and accounting expertise in domestic and international contexts.
- Our team provides personalized financial strategies tailored to each client's unique circumstances.
- We maintain proactive compliance with evolving tax regulations through continuous professional education.
- Our owner actively teaches accounting at the university level and mentors future financial professionals.
- We combine practical tax-saving techniques with transparent communication and community engagement.
Services
Tax Planning & Compliance
Our tax planning and compliance services help individuals and businesses optimize their tax positions while maintaining full regulatory adherence. We specialize in entity selection, IRS audit representation, and international tax treaties, providing strategic guidance to minimize liabilities. With expertise in individual, corporate, and trust taxation, we ensure clients receive customized solutions that align with their financial objectives.
Financial Management
We deliver comprehensive financial management solutions covering cash flow analysis, investment strategies, and retirement planning. Our approach integrates wealth preservation techniques with personalized portfolio reviews to help clients achieve long-term financial security. By analyzing net worth trends and budget variances, we create actionable plans that support both personal and business financial health.
Estate Tax Services
Our estate tax services focus on minimizing transfer taxes through strategic planning and documentation. We assist with gift tax strategies, buy-sell agreements, and business succession planning to protect family assets. By projecting potential tax liabilities and implementing mitigation techniques, we help clients preserve wealth across generations while ensuring compliance with evolving estate tax regulations.
Payroll Management
We provide complete payroll management solutions including tax reporting, benefit plan administration, and compliance documentation. Our services cover 401(k) setup, fringe benefit structuring, and IRS reporting requirements for contractors and employees. By streamlining payroll processes and ensuring regulatory compliance, we help businesses reduce administrative burdens and avoid costly penalties.
Business Advisory
Our business advisory services focus on financial analysis, operational efficiency, and growth strategy. We assist with financial statement preparation, cash flow management, and software implementation to enhance decision-making capabilities. By identifying variances between actual and budgeted performance, we help businesses optimize operations and achieve sustainable growth through data-driven recommendations.
People
Tariq Shafi
Founder & CPA
With 30+ years of experience in Washington, D.C. and London, Tariq Shafi & Company & Company established his firm in 1995 after serving as a tax manager in Old Town Alexandria. He teaches university-level accounting courses, appears on financial news programs, and serves on graduate studies oversight committees to connect students with professional opportunities.
Questions
What accounting services do you offer for small businesses?
We provide financial statement preparation, payroll management, tax compliance, and business advisory services tailored to small businesses' needs.
Do you handle international tax matters?
Yes, we specialize in cross-border tax issues, including international treaties, foreign income reporting, and global entity structuring.
How do you assist with retirement planning?
We offer personalized retirement strategies incorporating tax-efficient investments, IRA planning, and cash flow management to ensure long-term financial security.
What areas do you serve?
We provide services to clients nationwide across all 50 states and Washington, D.C., with virtual and in-person consultation options.
How does your firm stay current with tax law changes?
Our team participates in ongoing professional education programs and teaches university courses to maintain cutting-edge expertise in tax regulations.
