HBC CPAs

HBC CPAs HBC is Washington County’s most trusted firm for accounting, assurance, tax, audits, and business consulting.

Good news for employers offering paid family and medical leave: the Section 45S tax credit is now permanent, with expand...
09/03/2026

Good news for employers offering paid family and medical leave: the Section 45S tax credit is now permanent, with expanded eligibility starting this year. 📣

Employees only need six months on the job to qualify (down from a full year), part-time employees working 20+ hours a week are now eligible, and premiums paid for paid leave insurance policies now count too.

If you offer this benefit or are considering adding it, this could mean real tax savings. We can help you determine if your policy qualifies.

firmcpa.com | (276) 628-1123

Reminder: third quarter 2026 estimated tax payments are due September 15. 📆If you're self-employed, a gig worker, retire...
09/01/2026

Reminder: third quarter 2026 estimated tax payments are due September 15. 📆

If you're self-employed, a gig worker, retired, or a partner or S corp shareholder without withholding, this deadline applies to you. Missing it can mean underpayment penalties, even if you pay in full when you file.

Not sure if you owe or how much? We can help you calculate it and make sure you're covered before the deadline hits.

firmcpa.com | (276) 628-1123

WE ARE HIRING!We are currenting actively hiring for a Client Services Accountant. If you or someone you know is looking...
08/28/2026

WE ARE HIRING!

We are currenting actively hiring for a Client Services Accountant. If you or someone you know is looking for meaningful work with a growing firm that values both professional excellence and quality of life, please consider applying!

You may apply using the link in the comments or by sending resume and cover letter directly to our Firm Administrator at [email protected].

Every business eventually faces a transition, whether that's retirement, a sale, or passing the business to the next gen...
08/28/2026

Every business eventually faces a transition, whether that's retirement, a sale, or passing the business to the next generation.

Succession planning isn't just for large companies. It's for any business owner who wants a say in how that transition happens instead of leaving it to chance.

At HBC CPAs, we help business owners across Southwest Virginia think through the financial and tax implications of a succession plan well before they need one, so the business they built stays strong through the handoff. If you don't have a plan in place yet, now is a good time to start the conversation.

🖥️ firmcpa.com
📞 (276) 628-1123

Good news for retirement savers: the IRS just previewed a new program called the Saver's Match, and it's a nice upgrade ...
08/25/2026

Good news for retirement savers: the IRS just previewed a new program called the Saver's Match, and it's a nice upgrade from what's been available before. 💸

Starting in 2027, if you're a low or moderate income earner contributing to a 401(k), 403(b), or IRA, the federal government will match up to 50% of your first $2,000 in contributions, deposited directly into your account. That's up to $1,000 a year in free retirement savings.

Nothing to do yet for 2026, but if you've been putting off opening or contributing to a retirement account, this is a good nudge to get started before the new year.

🖥️ firmcpa.com
📞 (276) 628-1123

💻 The IRS keeps expanding its Business Tax Account portal — and the latest updates are genuinely useful for business own...
08/20/2026

💻 The IRS keeps expanding its Business Tax Account portal — and the latest updates are genuinely useful for business owners.

New features let eligible businesses download EIN verification letters instantly (no more waiting on a mailed 147C), view digital copies of IRS notices online, check installment agreement details, and even make Offer in Compromise payments — all without a phone call to the IRS.

If you haven't set up your Business Tax Account yet, or want help understanding what it can do for you, we're happy to walk you through it.

📋 The IRS just updated its guidance on the "No Tax on Overtime" deduction, and there are a few details worth knowing bef...
08/17/2026

📋 The IRS just updated its guidance on the "No Tax on Overtime" deduction, and there are a few details worth knowing before next tax season.

A couple of things that surprise people: it's a deduction, not a tax exemption — overtime pay still gets withholding, Social Security, and unemployment tax taken out. And only the "half" in "time-and-a-half" counts toward the deduction, not your full overtime paycheck. The deduction caps at $12,500 ($25,000 for joint filers) and phases out for higher earners.

If you work overtime, we're happy to help you understand what this actually means for your return. Give us a call at (276) 628-1123.

We're still soaking this one in. 🥇Being named Best CPA in the 2026 Best of Abingdon awards means a lot, but honestly, it...
08/14/2026

We're still soaking this one in. 🥇

Being named Best CPA in the 2026 Best of Abingdon awards means a lot, but honestly, it is a reflection of the whole team, from the accountants working through your returns to the staff answering your calls with a smile.

We're grateful for a team that cares this much, and for a community that noticed.

firmcpa.com
(276) 628-1123

Your tax information deserves real protection, not just a promise.⚠️ The IRS and Security Summit recently renewed their ...
08/11/2026

Your tax information deserves real protection, not just a promise.

⚠️ The IRS and Security Summit recently renewed their warning about phishing scams targeting sensitive taxpayer data, and it's a good reminder for all of us. Scammers are getting more sophisticated, using fake emails, texts, and even phone calls that look like they're from a trusted source, including your bank, cloud storage provider, or the IRS itself.

👉 Here's a simple rule: never click a link in an unexpected message. Instead, open a new browser tab and search for the organization directly, or type the web address in yourself. If the message claims to be urgent, that is usually the biggest red flag of all.

At HBC CPAs, protecting your data is something we take seriously every single day.

Howard heard there's a tax free weekend coming up and he is NOT missing it. 🏷️🪿From August 7-9, Virginia shoppers can sk...
08/06/2026

Howard heard there's a tax free weekend coming up and he is NOT missing it. 🏷️🪿

From August 7-9, Virginia shoppers can skip the sales tax on qualifying school supplies, clothing, footwear, and hurricane prep items. Even Howard's getting ready for hurricane season with a little help from the holiday. Get your list ready and enjoy the savings, in store or online.

🖥️ firmcpa.com
📞(276) 628-1123

Address

155 East Valley Street
Abingdon, VA
24210

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

+12766281123

Website

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