Bollie Lee Jarratt, Jr., CPA

06/01/2026

Quiz: When was federal income tax introduced?

05/29/2026

Underreported income and math errors are key mistakes that can trigger an audit from the IRS. Having your taxes prepared by a professional can significantly reduce this risk.

The IRS is constantly looking for a reason to audit you. There are several red flags that can identify your tax return as one that needs additional attention. Knowing these indicators can help you avoid the unwanted scrutiny.

05/22/2026

There's still time to lower your tax obligation. Here are five great ideas to consider.

Now is a great time to assess your current tax situation and address any lingering tax questions that may improve your tax picture this year. Here are five things to consider.

05/20/2026

The IRS finalized its 2026 No Tax on Tips rules. We cover who qualifies and what employers should do now. Also learn about affordable employee benefits that actually matter.

Running a business means navigating two ongoing challenges – understanding tax rules that somehow keep getting longer, and figuring out how to keep employees engaged. In this issue, we break down the IRS’s finalized No Tax on Tips rules for 2026, including which occupations officially qu...

05/15/2026

The gift tax is one of the most misunderstood provisions in the tax code. Here is what you need to know.

Presenting a gift to a grandchild does not normally have us thinking about the taxes. However, if not careful, the over-generous gift giver could end up with a surprise tax bill and a note from the IRS.

05/13/2026

Sometimes the best way to lower your tax bill is to think a couple of years in advance. Here are some ideas

If you're interested in minimizing your tax obligations and maximizing your savings, consider the helpful tips and ideas you'll find in this newsletter. This month there are ideas to consider to lower your tax bill for this year AND next! Plus, a helpful article to ensure your have access to cash wh...

05/08/2026

You can legally lower your taxes by shifting a certain amount of unearned income to your children. Here are some ideas to implement this strategy.

The progressive nature of income tax rates offers taxpayers the incentive to transfer assets to lower earning taxpayers. Why not your children? Here are some tips.

05/07/2026

https://richmond.com/exclusive/readerschoice/ballot-2026/ #/gallery?group=541937

05/07/2026

The nomination round for the Richmond Times Dispatch Best Local Accounting Firm opened today. We’d love to have your nomination to move us into the upcoming voting round. Click on the Financial tab before May 27, 2026 please 😊🫶

05/06/2026

Want a lower tax bill? Your tax planning needs to start now!

With so much uncertainty in the economy, the tendency is to step back and wait until things settle down. On the other hand the early bird catches the worm. Now is a great time to be thinking about steps to reduce your tax obligations, both this year and into the future. This month an article is pres...