Forest Accounting Services

02/05/2026

and Treasury are moving into a new era, and leaving relics of the past behind. This means we're saying goodbye to paper checks, and we're saying hello to electronic payment methods. Did you know that direct deposit refunds are less likely to get returned as undeliverable? And don’t forget, electronic tax payments are less likely to post late, helping you avoid penalties and interest.

Use our Frequently Asked Questions to get the answers you need at https://ow.ly/J5LW50Y4q49.

02/05/2026

Informative article from IRS!

The provides updated inflation adjustments, including standard deduction increases for tax year 2025, reflecting changes from the One, Big, Beautiful Bill. These updated amounts may affect how much income is subject to tax when you file this year. Learn more: https://ow.ly/WL9250XWo6J

11/20/2025

Great benefit for people that work overtime!

Picking up extra hours at your job? You can get a tax deduction on qualified overtime compensation. Starting in tax year 2025, under the One, Big, Beautiful Bill, you can deduct up to $12,500 of wages that exceed your regular rate of pay. This can offer significant savings on your tax return.

Find out if you qualify at www.irs.gov/obbb.

10/01/2025

Forest Accounting can help you resolve your IRS debt if you don't understand your options. This article gives good information when you can't pay your taxes.
Call us at 434-525-7989 if you need help with dealing with the IRS.

If you owe taxes and can’t pay, the IRS can help. You have options.

09/11/2024

Forest Accounting Services are pleased to announce that we have been nominated for the Best Accounting Service in the annual contest sponsored by Lynchburg Living Magazine.

Voting ends September 13th, so please show you support by voting today at vote.lynchburgliving.com.

We appreciate your support!

Forest Accounting Services now offers Tax Resolution Services to help solve problems with the IRS in addition to providing bookkeeping, payroll and income tax preparation services since 2003.

08/09/2023

When going through a legal separation or divorce, the change in your relationship status also affects your tax situation. has some tips that can help: https://ow.ly/nzTQ50PpU42

08/09/2023

Make sure you cast your votes in the Best Of Lynchburg Awards! 🏆 You may make a nomination up until August 10 (and that will also serve as your vote!)

VOTE/NOMINATE HERE: https://vote.lynchburgliving.com/

Don't forget that your submission may take 24 business hours to appear on the ballot!

08/03/2023

Kids are expensive. If you’re a new parent, the offers tax breaks that can help. Whether you just brought a bundle of joy home from the hospital, adopted a teen from foster care or are raising your grandchild, this can help.

Learn more: https://ow.ly/R62j50PjCPw

08/03/2023

Forest Accounting Services are honored to be nominated for the "Best Of Accountants" in the business category in Lynchburg Living's magazine. Please take a minute to support us by voting! Thank you in advance!
https://vote.lynchburgliving.com
OR use QR code in comments

11/07/2022

Important information from IRS!

IR-2022-183, October 19, 2022 — The Internal Revenue Service today warned employers to be wary of third parties who are advising them to claim the Employee Retention Credit (ERC) when they may not qualify. Some third parties are taking improper positions related to taxpayer eligibility for and com...