By The Books Accounting Services

By The Books Accounting Services Our firm specializes in providing quality accounting services. Please call or visit our website for more details.

At By The Books Accounting Services our mission is to elevate our clients financial position through collaborative services designed to increase revenue, profits, and net worth, while providing them a professional, first class experience. We offer business valuation, tax planning, and financial planning for individuals and small businesses, as well as small business accounting.

If you can't pay your tax bill, you've got a few options at your disposal, like an installment plan or an Offer In Compr...
07/13/2026

If you can't pay your tax bill, you've got a few options at your disposal, like an installment plan or an Offer In Compromise (OIC).

An OIC is when the IRS agrees to accept an amount that's less than your tax owed. 💸

But first, they're going to evaluate your financial position (by looking at how much you owe vs. your assets, future income, and basic living expenses).

If your OIC is accepted, you'll need to stay on top of your tax compliance for the next 5 years to avoid defaulting on your offer.

Want a tax professional on your side throughout the OIC process?

Shoot me a message! 📲

Okay, getting into the IRS notices that *feel* a little scarier: it's CP2000.This letter lets you know that the IRS rece...
06/25/2026

Okay, getting into the IRS notices that *feel* a little scarier: it's CP2000.

This letter lets you know that the IRS received income or payment info from a third party that doesn't match what you reported.

Here's what you need to know about this notice ↓

The IRS is just letting you know that they noted some inconsistencies with your return.

It doesn't necessarily mean you got something wrong! That income could be reported elsewhere on your return.

You (and your tax accountant) should review the notice against your filed return and respond accordingly.

This isn't a letter to ignore; make sure to follow the instructions listed on your notice.

So... this one is a not-so-fun notice.It's basically the IRS telling you that they think you owe them money! 🫴If you wor...
06/24/2026

So... this one is a not-so-fun notice.

It's basically the IRS telling you that they think you owe them money! 🫴

If you worked with a tax accountant for the tax year in question, let them know you received this notice and would like additional support responding!

Over the next week, I'm going to be covering 5️⃣ of the most common IRS notices I see.If you want to know exactly what t...
06/22/2026

Over the next week, I'm going to be covering 5️⃣ of the most common IRS notices I see.

If you want to know exactly what these notices mean (and how you need to respond), lock in.

Let's kick off the series with CP12: the notice you get when the IRS has made a change to your tax return that affects your refund of tax due.

You don't have to go to extremes, like moving to Puerto Rico, to save a lot of money on taxes. These 3 tax moves are som...
06/01/2026

You don't have to go to extremes, like moving to Puerto Rico, to save a lot of money on taxes.

These 3 tax moves are some of the lowest effort tax moves you can make to start saving more today.

Want a tax plan that's fully tailored for your business and long-term goals?

Head to bythebooksaccounting.com to schedule your consultation call!

The number of people who file an extension and then don't look at their taxes again until October 14th is waaay too high...
04/21/2026

The number of people who file an extension and then don't look at their taxes again until October 14th is waaay too high. 🫣

I'm not judging, here's what I'd recommend that you do between NOW and October:

Make a list of any missing tax documents. If you're a By The Books client and you've already uploaded a lot, we can let you know what we're still missing.

Make sure you've paid what you owe (an extension doesn't give you more time to pay, just to file your return).

If you don't have a plan to get your return filed, reach out to By The Books to schedule a new client call!

If you feel like you've heard "ordinary + necessary" a billion times, it's because it comes directly from §162 of the ta...
04/14/2026

If you feel like you've heard "ordinary + necessary" a billion times, it's because it comes directly from §162 of the tax code. ⚖️

If you want to write off a business expense, it needs to be both:

Ordinary → commonly accepted in your industry.

Necessary → helpful and appropriate for your business.

A photographer buying camera equipment? That checks out. ✔️

A photographer buying designer shades because they sometimes shoot outside? Probably not gonna fly with the IRS. 🤨

Filing an extension is step one! 1️⃣Step two is the one most people overlook...It's NOT acting like October is waaay in ...
04/10/2026

Filing an extension is step one! 1️⃣

Step two is the one most people overlook...

It's NOT acting like October is waaay in the future and hoping your return magically gets easier to file by then.

Your tax documents aren't going to gather themselves!

If you extended your return because you didn't have everything ready to file, here's what you need to do:

→ Make a list of all of your missing tax documents. If you need to follow up with someone to get these, start doing it now!

→ If you own a business and your bookkeeping was what held up your return, make a plan to get it caught up.

Do you need to sit down over a few weekends and get it done? Or do you need to bring in a bookkeeper? 📚

Whatever you do, I'm begging you, pleaseeee don't wait until October to start worrying about your taxes again!

My answer to this DM is *almost* always yes!I've worked with a lot of taxpayers who have fallen behind on their taxes. W...
04/09/2026

My answer to this DM is *almost* always yes!

I've worked with a lot of taxpayers who have fallen behind on their taxes.

We'll start by getting your past tax returns filed and addressing any notices you've received. Then, we'll set up systems to make sure you never end up behind on your taxes again.

Being just two years behind is verrrry manageable. The best thing you can do right now is not get any further behind!

Penalties + interest can stack up until you file and pay your taxes, so the sooner we start working together, the better.

If this is you, click the link in my bio to book a call and start getting back on track with your taxes today! 📲

PSA: Some business owners are leaving serious money on the table just based on how their business is structured! 🤑When y...
04/08/2026

PSA: Some business owners are leaving serious money on the table just based on how their business is structured! 🤑

When your business is set up as a single-member LLC, ALL of your income is subject to self-employment tax (which is 15.3% 😬).

Electing to be taxed as an S corporation splits your income into two buckets:

→ A reasonable salary (subject to payroll taxes)
→ Distributions (not subject to SE taxes)

Being able to move some of your income to distributions can mean thousands of dollars back in your pocket each year! 💸

But S corporations aren't a magic tax hack for every business... they come with their own cons (like additional tax filings + payroll obligations)!

If you're ready to have a convo about whether your business structure is optimized for taxes, let's connect!

Address

6802 Paragon Place, Suite 410
Richmond, VA
23230

Opening Hours

Monday 10am - 8pm
Tuesday 10am - 8pm
Wednesday 10am - 8pm
Thursday 10am - 8pm
Friday 10am - 8pm

Telephone

+18042004500

Website

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