Hampton Roads Accounting is an accounting and tax preparation firm located in Hampton Roads, Virginia. We work exclusively with small business owners, providing consulting and back office support services so they can focus on growing their business. In addition, we provide full tax preparation and consulting services for individuals and small businesses.
Browse through our pages to see how we can help your business be successful, and thank you for visiting!
Professionally trained in current tax laws, we will ensure you pay the minimum tax allowed by law. We can also review your prior year’s returns to identify any deductions or credits that may have been missed. During the year, we also meet with our clients to discuss tax strategies that will minimize taxes at the end of the year.
You have to be on the move to make money, and don’t need anything that will slow you down. Our easy income, expense, and mileage tracking system will ensure you know at a glance how much commission you have earned, all expenses are accounted for, and every precious mile is recorded in an IRS approved format. We also provide monthly reporting, payroll, full tax preparation for you and your business.
Janitorial, home, vacation rentals, apartment move-outs, pressure washers. Whether you are a one-person operation or have multiple crews in the field, we can help. Credit card processing, bookkeeping and invoicing, mileage tracking, payroll, 1099 service and more. At the end of the year, we provide full tax preparation service for you, your business, and your employees.
You provide the ‘WOW’ factor and curb appeal to homes and businesses. After being out in the elements all day, you don’t need to spend every evening going over your books. We will help track all your business income and expenses, credit card processing, estimates, monthly invoicing, depreciation, and tax requirements throughout the year. When you add crews and services, we can help with payroll. At the end of the year, we will help with W-2’s and/or 1099’s. You take care of the landscaping, we will take care of the rest.
Licensed Virginia Home Inspectors take note: You are about to be MUCH busier! With the recent law that goes into effect July 1, 2017, home inspectors must be licensed to perform inspections in Virginia. This means any work that was going to unlicensed inspectors must now go to you. We can help minimize the time you spend bookkeeping so you can perform more inspections. Also note: there are a number of tax deductions that home inspectors can take advantage of that are often missed. Contact us to help reduce your bookkeeping and minimize your tax liability
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Understanding Employee vs. Contractor Designation The Internal Revenue Service reminds small businesses of the importance of understanding and correctly applying the rules for classifying a worker as an employee or an independent contractor. For federal employment tax purposes, a business…
If you have a job that requires you to travel a lot by car, you should be deducting your business expenses to prevent overpaying your taxes. These expenses include both “common operating expenses” for the self-employed as well as vehicle…