NONPROFIT

We specialize in nonprofit accounting through years of professional commitment serving the nonprofit industry. We are well aware of the challenges that nonprofit organizations face today to manage a sound financial and grant management system.
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SMALL BUSINESS

BMDPC is the ultimate accounting service you will need to hire. We offer a comprehensive bookkeeping, and financial services plans that fit your business requirements and budget. We do NOT just crunch numbers. We add values to your business including ...
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INDIVIDUAL

We provide a wide range of personal tax services that include; tax preparation and filing, tax and estate planning. Further, BMDPC develops a customized financial plan, designed to achieve your specific goals and objectives within any given timeframe.
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Accounting/Bookkeeping

We provide accounting and finance services ranging from performing a specific bookkeeping task as you require to fully administering the accounting and finance department. Accounting service is the crux of BMDPC’s business.Our finance team is committed to putting the accounting puzzle pieces together.

Payroll and Benefits

By developing policies and procedures in the area of payroll and fringe benefits, especially those that comply with the applicable labor laws and benefits administration regulations, BMDPC can keep your company fully compliant at all times. BMDPC’s Payroll and Benefits Administration service include:

Tax Services

BMDPC is dedicated to ensuring the current tax laws and new regulations are incorporated into your taxes.  By attending frequent tax seminars and researching IRS tax updates, we regularly evaluate the best methods to pay the lowest possible amount of taxes allowable by law. "Schedule an appointment with Tax-Man" .

Financial Planning

We are dedicated to developing a financial plan that aids in achieving your short- and long-term financial goals. BMDPC offers advice related to retirement savings, identifying and mitigating risk, estate and gift planning, charitable planning, education savings and planning for major expenditures.

About us

Prior to founding BMD Professional Consulting, Birhanu Demissie, CPA, MSAC served nonprofit organizations, government contractors, small business and individuals for more than 15 years providing accounting, auditing and consulting service. For the past five years, Birhanu served as a controller for an international nonprofit organization headquartered in Virginia. Prior to that, Bihanu held a number of auditing positions at several public accounting firms including Raffa and Grant Thornton. 

OUR OFFICE ADDRESSES 

RESTON

11710 Plaza America Dr
Suite 2000
Reston, VA 20190

Ballston

4601 N Fairfax Dr
 Suite 1200
Arlington, VA 22203

Washington DC

700 12st Street NW
 Suite 700
Washington, DC 20005

BRISTOW

9632 Saybrooke Dr
Bristow VA, 20136

Our Professionalism & Expertise sets us apart! 

Recent News

Raising the Bar for Nonprofit Boards

Len Schlesinger, a professor at Harvard Business School, explains about the importance of talent management and how nonprofit boards can better serve their organizations. Nonprofits need to overcome a mindset against investing in training and development due to a belief that training and development cost too much and take too much time.Great boards engage regularly and systematically with senior leadership, not just when there's occasion to celebrate or solve a crisis. They have engaged discussions with the CEO about how the team is doing and make active governance a priority. Read more

Source: bridgespan.org

 

Financial Planning Tips For 2017

Practical financial planning tips from the leading financial planning thought leaders and professors that can help you take your 2017 financial planning to the next level, and put you on the right path to a more financially secure future.

1. Maximize Your Retirement Savings - Set up your 401(k) salary deferrals to get the full employer match
2. Reallocate Your Investments - when markets are at all time highs, consider adding bond to your investments.
3. Invest For The Long Term - success in investment is a marathon and not a sprint.
4. Manage Your Debt To Stay Out Of Debt - pay down the most costly debt first like credit cards
5. Talk With Loved One's About Money - Discussing finances helps build stronger relationships and creates a shared vision.
6. Review Insurance Coverages - Evaluate your life insurance each year to protect your family.
7. Do Something For Your Kids - Put some money aside in a 529 college saving plan this year.
8. Education Re-Financing - Right now is a great time to consolidate or refinance your school loans. Interest rates will likely continue rising in 2017.

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Sources:www.forbes.com