Tax Services

When it comes to the world of taxes, preparation and planning go a LONG way. We have the expertise and knowledge you are looking for in a tax professional and can help you navigate your options.

We’re happy to help you with any of these services:

Tax Preparation

Stop missing out on potential deductions that could be saving you big money!

Tax Planning

Real strategies and solutions to help you minimize your IRS liability.

Three Keys To Shorter Meetings For Your Business

Last week I wrote about working less and testing the 80/20 hypothesis for your Hampton Roads Area business work cycle. I'd love to know if you had a chance to consider putting this into practice, send us an email using the email icon at the top right-hand corner of...

8 Important Steps for Hampton Roads Non-Profits Before Year-End

With the increased standard deduction this past year ($12,400 single, $24,800 married filing jointly, $18,650 head of household), some smaller charities began to see a decrease in donations.This year might be worse.Yes, I hate to be the one to say these things, but...

Steve Kallam’s Perspective On Proposed New Tax Policies

Oh, you thought I would tell you who I thought would win the presidential election?Nope, I'm not going there.I'm a tax professional though, and I'm not immune to conversations about proper planning for either eventuality. In my opinion, however, the BEST advice about...

The Coronavirus Impact On Business Around Hampton Roads

I want to check in with you, because these are obviously unprecedented times for ALL of us.First, because of the unprecedented spreading of the COVID-19 virus, we will temporarily stop receiving walk-in clients as of Monday March 23rd. We will continue our operations...

For The Sake of Your Hampton Roads Business, Don’t Navigate This Extended Tax Season Alone

...don't navigate this season alone.The more we learn about the nuances of PPP forgiveness, EIDL regulations, the Employee Retention credit (an alternative, payroll-tax-specific way to save cash for your Hampton Roads business) ... well, the more that we discover that...

Steve Kallam’s Three Keys To Get Out of Debt

Steve Kallam's The Real Way To Get Out of DebtHave you heard the lender ads that will loan you enough money on your house to consolidate ALL of your debt plus give you a little extra to take that much needed vacation? What a disservice that is! They are actually...

Why Price Reductions are Bad Positioning for (Almost) Any Business

Our hearts remain with those in Houston and, now, South Florida, who has been dealing with such a massive disruption of their lives -- and during a time of year that is already one of the busiest. The IRS has set up a "catch all" page for those cleaning up from...

COVID-19 Updates For Hampton Roads Business Owners

How are you holding up? If you haven't yet done so, please do shoot me a quick note to let me know how your Hampton Roads business is managing.Depending on the situation, I have lots of ways to help ... some of which I'll give you details about today.I will continue...

Happy Thanksgiving 2019 from Virginia Accounting Services to you and yours

Re: 1099-MISC late filingBusiness owners and Rental Property Clients, please be aware that a form 1099-MISC must be filed with the IRS and given to any non-employees to whom you paid at least $600 or more during the tax year. The only exception applies to...

A Few More Common Marketing Mistakes Made By Businesses

Seeing what has happened in our nation's fourth-largest city has been a sobering reminder of the fragility of life, and business. It's helpful to be reminded that threats and disasters can (and do) strike from directions that you might least expect. And while this is...

How You’re Missing Legal Tax Deductions

Here’s a certain truth: the State and Federal Government would love to have more of your hard-earned money in their accounts. Sure, even though it’s painful, none of us begrudge paying our legal and fair share of taxes.
But the problem is that regular taxpayers, like you, are missing out on legal and safe deductions, to the tune of hundreds of millions of dollars in unclaimed refunds every year!