Priority Bookkeeping & Tax

08/31/2026

Good news for generous people!

There’s a new tax benefit for charitable giving in 2026. Under the Working Families Tax Cuts, taxpayers who don’t itemize may be able to deduct up to $1,000 in cash contributions to certain qualified organizations, or up to $2,000 for married couples filing jointly. See the new charitable contribution deduction rules and find out what qualifies: https://ow.ly/yGkH50ZyczK

08/31/2026

We can now be found here!

Serving small businesses and individuals with bookkeeping, payroll and all types of tax filings including annual income tax returns.

08/14/2026

Are you an S-corp owner? Are you receiving W2 wages from your business? Many are unaware of this requirement. My client recently received this letter from the IRS. The penalties can be quite significant if you are audited and the IRS recategorizes past distributions. Call us today for help getting your reasonnable compensation payroll set up. 434-664-2166

08/07/2026

Virginia’s 3-day sales tax holiday starts today and runs through Sun., Aug. 9. That means this weekend, you can buy qualifying school supplies, clothing, footwear, hurricane & emergency preparedness items, & Energy Star™ & WaterSense™ products without paying sales tax. More info: https://www.tax.virginia.gov/virginia-sales-tax-holiday

08/07/2026

New employment laws in Virginia. NFIB hosts a free webinar.
See the link in the comments.

08/07/2026

This weekend is the sales tax holiday in Virginia. See the link in the comments for more information.
What items are eligible?
School supplies, clothing, and footwear
Qualified school supplies - $20 or less per item
Qualified clothing and footwear - $100 or less per item
Hurricane and emergency preparedness products
Portable generators - $1,000 or less per item
Gas-powered chainsaws - $350 or less per item
Chainsaw accessories - $60 or less per item
Other specified hurricane preparedness items - $60 or less per item
Energy Star™ and WaterSense™ products
Qualifying Energy Star™ or WaterSense™ products purchased for noncommercial home or personal use - $2,500 or less per item
Detailed lists of qualifying items and more information for retailers can be found in the Sales Tax Holiday Guidelines.

08/07/2026

Today starts VA sales tax holiday!

During the sales tax holiday, you can buy qualifying school supplie...

08/03/2026

We are excited to announce we are partnering with Patriot Software for small business bookkeeping and payroll processing. This company has been around for 40 years and is not beholden to shareholders. As a private company they are able to put their customers first! They know what it's like to build from scratch and be in the trenches as a small business. We can't wait to add more clients to their platform. If you are tired of rising rates and lack of personal service from the 'big box' accounting software people give us a call. 434-664-2166

U.S. News & World Report’s 2025 “Best Payroll Software” lists Patriot Payroll as “Best for Tax Filing.” Learn more about the ranking here.

07/30/2026

Heads up Employers in Virginia! See the link in the comments.
"Virginia employers that don't offer a qualified employer-sponsored retirement savings plan must register and facilitate RetirePath Virginia if they have five (5) or more eligible employees. Eligible employees are at least 18 years of age and receiving wages. Employers may exclude temporary or seasonal employees who work less than 90 calendar days a year."

07/18/2026

Lots of new important info here for VA taxpayers. Take a look!

ICYMI: Our reference guide to state and local tax legislation passed by the General Assembly this year is now available on our website: https://www.tax.virginia.gov/news/new-virginia-tax-laws