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.

Measuring Key Numbers In Your Hampton Roads Business And Developing Accountability

During the first Super Bowl that Tom Brady won (with the Patriots), these were some of the companies who advertised (hat tip to Jon Erlichman of Bloomberg):AOLBlockbusterRadio ShackCircuit CityCompUSASearsHotJobsYahooVoiceStream WirelessGateway ComputersThe year was...

An SBA Funding Update And Four Scenarios Your Hampton Roads Business Could Be In

The second round of PPP funding began this Monday at 9:30AM Eastern.This funding was $322B (as opposed to the first at around $349B). The first round of $349B funded 1.6MM business.As for those who were waiting on that first round, the SBA hasn't shared recent...

What Does The CARES Act Mean For Your Hampton Roads Small Business?

These days are moving VERY quickly, and we are working VERY hard to get communication out to our Hampton Roads clients and friends.You probably already heard that the CARES Act (the mammoth 880+ page disaster relief bill) was signed over the weekend, and help IS...

Solving Problems in Hampton Roads Area Businesses with Effective Solutions

There's this idea out there among many wannabe Hampton Roads Area business owners that they have to come up with the next completely fresh idea in order to have a great business. Shows like Shark Tank (which I love) go towards creating this kind of mindset -- although...

Is It Time For Your Hampton Roads Business To Get A New Tax Accountant?

I'm going to take a moment to address those of you who might NOT be using our services thus far. There's a word or two for current Hampton Roads clients here as well, but allow me to explain.You see, sometimes, you just know you need to make a change, but the timing...

A Big IRS Update For Hampton Roads Businesses On Using The PPP Loan Funds

Well, if you were wise, you probably saw this coming.Turns out ... if you received a PPP loan, that the expenses you pay from the proceeds of this (forgivable) loan ... are not deductible for Hampton Roads businesses.Ouch.The IRS just released new guidance to this end...

Customer Value Represents The True Value For A Business In Hampton Roads

The nation keeps roiling, and life for many of your Hampton Roads customers might take longer than anticipated to get back to "normal".For some, they might not actually want to get back to whatever that "normal" was before all of this. Some of this change might be...

What Your Hampton Roads Business Should Do If They Received PPP Funding

I promise that one day I'll write to you and my Hampton Roads area readers about matters other than government aid, the CARES Act, PPP/EIDL, and whatnot.But as we all keep saying: these are extraordinary times. Pick your cliche -- it all fits right now.But here is a...

An Important PPP Loan Update For Hampton Roads Business Owners

There's both good news (for some) and bad news (for many) as we round the corner into December.And I'm not talking about our culture, or politics, or sports, or anything like that.I'm talking about TAXES.I'll start with the good news. This is applicable to some of my...

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...

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!