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Where tax strategy meets real-world decisions.

An independent publication delivering CPA-led insights

on tax strategy, business growth, and wealth planning.

757-384-9020

Where tax strategy meets real-world decisions.

An independent publication delivering CPA-led insight on tax strategy, business growth,

and wealth planning.
Where tax strategy meets real-world decisions.
An independent publication delivering CPA-led insight on tax strategy, business growth, and wealth planning.Where tax strategy meets real-world decisions
Where tax strategy meets real-world decisions.

An independent publication delivering CPA-led insight on tax strategy, business growth, and wealth planning.

February 01.2026

2 Minutes Read

Navigating OBBBA Changes: Proactive Tax Planning for Virginia Small Businesses

Small business tax strategy consulting for proactive year-round tax planning.

Understanding the OBBBA: What Small Business Owners Should Know

The recent Heckerling Institute on Estate Planning offered illuminating insights into the Old Big Beautiful Bill Act (OBBBA), particularly relevant for small business owners. While OBBBA solidified benefits for high-net-worth individuals, it also introduced nuances that require careful planning. Business owners in the Greater Hampton Roads area, especially, should familiarize themselves with the implications of this legislation to safeguard their interests and better prepare for tax considerations in 2026 and beyond.

Focusing on Fiduciary Duties: A Crucial Element of Business Strategy

Fiduciary duties are essential for sound business governance. The conference highlighted the evolution of these duties, emphasizing that while they have historically been strict, recent changes have allowed for more flexible interpretations. This flexibility could have significant implications for business owners considering structuring their entities or choosing jurisdictions. Understanding one’s obligations—and those of partners or consultants—will be pivotal in making strategic decisions that could impact long-term success.

Collaboration Among Advisors: Why It Matters for Small Businesses

During the conference, a panel discussion underscored the importance of collaboration among financial, legal, and tax professionals. As business owners navigate OBBBA's complexities, they should ensure cohesive teamwork among their advisors. This synergy can provide comprehensive strategies that enhance decision-making. By building a team that respects each advisor's ethical obligations, small business owners can achieve better outcomes and greater clarity in their planning processes.

Proactive Tax Planning: Strategies To Consider

Tax strategy and planning emerged as a recurring theme at the event. Effective year-round tax planning is essential for small business owners to minimize liabilities and capitalize on potential deductions. Business tax strategy consulting can tailor solutions specific to the unique challenges of military-affiliated enterprises in the region. By being proactive and seeking customized tax planning solutions, owners can position their businesses for growth while managing obligations responsibly.

Looking Ahead: Future Trends in Business Tax Planning

As the OBBBA continues to evolve and its implications unfold, small businesses must stay informed. Future trends may demand more adaptable tax strategies, particularly as new federal regulations emerge. Engaging in continual education on tax strategy for business and remaining open to innovative practices will be vital in maintaining a competitive edge.

Tax Strategy & Planning

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02.25.2026

How Automation and Clear Communication Enhance Tax Client Satisfaction

Update Maximize Your Tax Client Satisfaction: A Must for Every Small Business Owner As a small business owner in the Hampton Roads area of Virginia, understanding how to maximize your tax strategy and enhance client service is crucial. In today’s fast-paced environment, where taxpayers are navigating new complexities introduced by legislation like the One Big Beautiful Bill Act, establishing strong client relationships and showcasing the value of your services has never been more significant. The Importance of Communicating Value Tax professionals often find themselves performing excellent work without their clients recognizing the full scope of what they do. Just like retail giants display how much money customers save on their purchases, tax professionals should clearly quantify the savings and benefits provided through their services. For example, when strategizing a tax plan, provide clients with projected savings over the upcoming years. This not only develops trust but ensures that clients appreciate the value being delivered. Why Is Client Satisfaction Falling Short? Despite engaging in quality tax work, many firms struggle with informing clients of their value. Many small business owners may not realize how much a strategic approach to tax planning can save them. As a tax professional, it’s your responsibility to connect these dots for your clients. Explaining how tax strategy impacts their bottom line can convert challenging conversations about finances into proactive discussions about growth and stability. How Automation Can Transform Your Client Services With mounting pressures and increasing complexities, automating parts of your tax preparation can open the door for better client services. Research shows that firms leveraging automation tools like Thomson Reuters’ UltraTax CS see incredible time savings—up to two hours per return—which allows space to engage in meaningful advisory relationships. By adopting cloud solutions and AI technologies, tax professionals reduce errors, enhance compliance, and ultimately deliver a better service experience to clients. Building Stronger Client Relationships Through Enhanced Collaboration Effective client interaction is largely rooted in communication. Automation technologies enable real-time communication and updates, ensuring clients feel connected and valued at every step. This not only enhances transparency but also cements long-term trust. Solutions such as secure client portals facilitate the sharing of vital documents and updates without the usual hassle, making the tax process smoother and more enjoyable for both parties. Proactive Tax Planning: A Year-Round Strategy Tax planning isn’t just a seasonal task; it requires year-round engagement. As legislative changes occur, clients’ financial situations evolve, and tax rules become more complex, establishing a proactive tax planning practice can set your firm apart from others. Regular check-ins, updates on relevant tax changes, and continuous advice on strategies empower your clients and ensure they make informed financial decisions throughout the year. Success Through Transparency and Trust The pathway to enhanced tax client satisfaction is illuminated by transparency and trust. Leveraging automation tools can help display real-time insights into clients' financial status and the complexities of tax regulations, enabling firms to position themselves as strategic advisors rather than just compliance gatekeepers. Such holistic engagement nurtures long-standing relationships based on value and reliability. Final Thoughts and Next Steps For small business owners navigating the complexities of the tax landscape in the greater Hampton Roads area, understanding the importance of clear communication, effective automation, and proactive planning cannot be overstated. As you assess your own tax strategy, consider implementing modern technologies that not only streamline your processes but also enhance the value you deliver to clients. Ready to transform your tax strategy and elevate client satisfaction? Contact the specialists in your area to learn how you can start utilizing proactive tax planning practices today!

02.22.2026

How IRS Furloughs Could Disrupt Your Tax Strategy This Season

Update Impending Shutdown Threatens Small Businesses During Tax SeasonThis tax season, small business owners across the greater Hampton Roads area may face unprecedented challenges as the AICPA warns of potential disruptions due to IRS furloughs. The American Institute of CPAs (AICPA) expressed serious concerns regarding how a government shutdown could substantially affect the filing season slated for 2026. With reports indicating that lawmakers are struggling to find consensus on budgetary issues, the IRS could see its operational capabilities severely diminished.Understanding the Impacts of IRS Furloughs on TaxpayersThe AICPA's letter to Treasury Secretary Scott Bessent articulates that furloughing IRS employees could lead to delays in taxpayer services, increase backlogs, and create chaos in the processing of tax documents. Small business owners, accustomed to relying on timely IRS support for their tax strategy and planning, could find themselves in a precarious position, unable to resolve critical tax issues or access necessary resources.The Historical Context of Tax Season ChallengesSmall business owners will recall the significant disruptions witnessed during previous government shutdowns, notably in 2018-2019 and at the onset of the COVID-19 pandemic. Each incident illustrated how operational halts at the IRS reverberated through the tax season, leading to backlogs that took months to rectify. For instance, the IRS has reported that its inventory levels remain alarmingly high—nearly triple the volumes seen prior to the pandemic. This historical context underscores the potential severity of disruptions during the current filing season.Expert Insights on Proactive Tax Planning StrategiesIn light of potential IRS disruptions, proactive tax planning emerges as a crucial strategy for small business owners. This includes consulting with a CPA on tailored tax planning services to navigate any adverse fallout from a government shutdown. Utilizing strategic tax planning can help businesses manage cash flow, reduce exposure to tax liabilities, and ensure compliance with regulatory changes. The expertise of CPA tax strategy consulting becomes even more critical when federal resources are strained.Future Predictions: Navigating Uncertainty in Tax ComplianceLooking ahead, small businesses in the Hampton Roads metropolitan area must prepare for uncertain tax compliance landscapes. The AICPA notes that maintaining full staffing levels at the IRS is vital for an efficient filing season and to avoid additional administrative problems. As legislative changes are implemented, understanding these dynamics helps small business owners make informed decisions about their tax strategies. Planning year-round, rather than just during tax season, is essential for staying ahead of such uncertainties.Call to Action: Engage with Tax Professionals NowAmid looming uncertainties surrounding the IRS's operational capabilities, small business owners are encouraged to take action now. Engaging with tax professionals for customized tax planning solutions could provide the strategic advantage needed to navigate the tumultuous waters of tax compliance. Don't wait—reach out to a CPA expert today to ensure your business is well-prepped for whatever the future holds in terms of tax regulations and IRS services.

02.22.2026

Transform Your Budgeting: Embrace Technology for Effective Tax Strategy Planning

Update Why Small Businesses Should Embrace Technology Over Traditional Budgeting In today's fast-paced world, the landscape of tax and accounting is evolving more rapidly than ever before. Small businesses in the greater Hampton Roads metropolitan area should reevaluate their budgeting strategies—especially those still holding onto outdated methods of allocating resources, particularly in human capital. Recent surveys indicate a paradigm shift where forward-thinking accounting firms are reallocating funds toward technological investments, which is proving essential for future growth. The Shift from Human Capital to Technology As staffing shortages continue to plague the accounting industry, significant changes in budget allocations are necessary. Traditionally, most accounting firms would devote their budgets primarily to human resources. However, recent reports indicate a growing portion—21% of firm budgets—is now directed toward technology, with expectations to climb even higher. This growth is driven by an acute awareness that streamlined technology can drastically improve productivity and client satisfaction while lowering operational costs. In particular, large firms have taken the lead in technology investments, allocating as much as 30 times what smaller firms spend on tech. This disparity should act as a wake-up call for smaller practices; they need to innovate and adopt technology to stay competitive in a crowded marketplace. Understanding the Factors Driving Technological Investment According to the 2025 State of Tax Professionals Report, talent acquisition is the primary concern for accounting firms today. The declining number of accounting graduates—reaching a 20-year low—leaves many firms struggling with an aging workforce, where many employees are nearing retirement. This situation has sparked an essential need for automation. For small business owners, this means recognizing the importance of technology in alleviating workforce challenges. Implementing powerful technological solutions can not only help businesses to survive these challenges but to thrive by allowing their staff to focus on higher-value advisory services rather than repetitive, manual tasks. Capitalizing on the Power of Automation and AI Automation and AI are reshaping the tax workflow. Even though tax professionals spend over half their time on repetitive tasks, firms that have capitalized on automation are already experiencing enhanced efficiency and accuracy. For instance, predictive analytics is increasingly replacing traditional reporting methods, allowing firms to make strategic decisions based on real-time data. Accounting technologies today are becoming more intelligent, allowing smaller firms to access features that previously seemed out of reach. As firms like Accounting Seed illustrate, the unification of sales, operations, and financial data into one cohesive platform is a crucial step for businesses aiming to optimize their operations. How Small Businesses Can Develop a Modern Budget With the landscape shifting towards technology-driven success, small accounting firms and businesses should consider several strategies: Invest in Unified Platforms: Transition away from multi-system setups to unified tech platforms. This will create efficiency by reducing the time and effort spent on manual reconciliation. Prioritize Training and Development: Upskilling employees in tech innovations is vital. This not only boosts their confidence in using new tools but helps businesses retain talent during staffing shortages. Emphasize Data Quality: Before implementing AI, ensure your data infrastructure is robust. High-quality data is essential for successful automation and efficiency. A proactive approach to technology investment doesn’t just prepare a firm for future challenges—it opens doors to opportunities that can reshape strategic tax planning and advisory capabilities. Looking Ahead: Predictions for the Future of Tax Strategy As we look toward the future, firms that embrace technology will undoubtedly hold the competitive edge. Businesses can no longer afford to budget in the same way as in years past; the stakes are too high, with operational effectiveness now inherently tied to technological sophistication. By adapting to these trends and leveraging technology, small accounting firms can position themselves to better meet their clients' needs and create opportunities for growth as the tax landscape continues to evolve rapidly. For small business owners in Hampton Roads, now is the time to rethink your financial and operational strategies. Embrace technology to not only keep up but to get ahead!

Navigating OBBBA Changes: Proactive Tax Planning for Virginia Small Businesses

Understanding the OBBBA: What Small Business Owners Should Know

Focusing on Fiduciary Duties: A Crucial Element of Business Strategy

Collaboration Among Advisors: Why It Matters for Small Businesses

Proactive Tax Planning: Strategies To Consider

Looking Ahead: Future Trends in Business Tax Planning

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