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

HBC CPAs

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

06/18/2026

Here's a question worth asking right now: how's your tax picture looking for 2026? 🗓️

If you're not sure, that's exactly why a mid-year checkup is worth your time. At HBC CPAs, we help individuals and businesses across Southwest Virginia take stock of where they stand before year-end decisions get made without the full financial picture.

Summer is quieter than April. Let's use that to your advantage.

firmcpa.com | (276) 628-1123

06/17/2026

🚨 Attention Virginia Employers! 🚨

A major state requirement for small businesses is expanding this summer. Starting July 1, 2026, the RetirePath Virginia mandate has expanded.

If your business meets the following criteria, you are required by law to either register for RetirePath OR offer your own qualified retirement plan (such as a 401(k) or SIMPLE IRA):
• You have been operating in Virginia for 2 or more years.
• You employ 5 or more eligible employees (including part-time workers).
• You do not currently sponsor a qualified retirement plan.

What You Need to Know:
• RetirePath is an auto-enrollment, state-facilitated Roth IRA program.
• It features no employer fees and no fiduciary responsibilities, but employers must process payroll deductions and distribute program information.
• Eligible businesses will receive notices outlining their compliance options and a unique access code to register.

While RetirePath is a simple way to meet state requirements, it carries contribution and income limits that may not be ideal for you or your key personnel. Implementing a custom private plan may make more economic sense for your business. This is why it is important understand the options to ensure that you make the best decision for you and your business.

Not sure which route is best for your business? We can help you navigate these regulatory changes, evaluate your options, and stay compliant before the deadline.

For more information: https://www.retirepathva.com/

06/16/2026

Behind every great nonprofit is a team working hard to make the numbers match the mission.

At HBC CPAs, we've had the privilege of supporting nonprofit organizations across Southwest Virginia for more than 40 years. Audits, tax compliance, financial reporting, budgeting support... we know what it takes to keep a mission-driven organization financially healthy and audit-ready.

Summer is a great time to check in on where your organization stands. We'd love to be part of your team.

firmcpa.com | (276) 628-1123

06/12/2026

We are humbled to be awarded “Best of Abingdon 2026”! What an honor it is to serve our clients and this community! We may be a little biased, but we think Abingdon is pretty great! Again thank you! We could not do it without our fantastic staff! They get all the credit!

06/10/2026

Tax season gets all the attention, but honestly? It's kind of our least interesting time of year.

HBC CPAs has been serving Southwest Virginia since 1983, and our work goes way beyond filing returns. Here's a peek at what we actually do year-round:
👉 Business tax planning and preparation
👉 Business consulting
👉 Financial planning
👉 Estate and trust planning
👉 Business valuations
👉 CFO consulting
👉 Client accounting and bookkeeping
👉 Audits, compilations, and reviews
👉 Business continuity and succession planning
👉 Internal controls and systems evaluations

Whether you're a sole proprietor, a growing business, a nonprofit, or a government entity, we've got you covered. Four hands-on partners. A team of experienced CPAs. And one firm that genuinely wants to see you thrive.

(276) 628-1123 | firmcpa.com/services

06/08/2026

A court decision from late 2025 could mean money back in your pocket, but you need to act before July 10.

The Kwong v. United States ruling found that the nationwide COVID emergency triggered mandatory penalty relief under the tax code, covering failure-to-file and failure-to-pay penalties from January 20, 2020 through July 10, 2023. Tens of millions of taxpayers may be eligible for refunds, including interest that piled up on those penalties.

To protect your right to a refund, you'll need to file a protective claim using IRS Form 843 or an amended return before the deadline. You don't have to calculate an exact dollar amount now. You just need to get on record before time runs out.

If you received IRS penalties during the COVID years and want to know whether this applies to you, reach out to our office. We're here to help you sort it out.

(276) 628-1123 | firmcpa.com

06/04/2026

Words like these mean everything to us.

We show up every day to be the kind of firm Southwest Virginia can count on, and hearing that from the people we serve reminds us exactly why we do what we do.

"HBC is one of the highest professional CPA services in our area. Their agents are extremely knowledgeable. You can't go wrong. Great help and high quality service. Every time." - Andrew N.

If you are looking for a CPA firm that treats you like a neighbor, we would love to work with you.

firmcpa.com | (276) 628-1123

06/03/2026

Stuff the Bus is officially underway! ✏️

From June 1st - July 10th, you can help local students across Southwest Virginia head back to school confident, prepared, and ready to learn. ❤️

We have a donation box in our lobby, but there are several easy ways to give:
🛒 Shop our Amazon Wish List:
https://www.amazon.com/registries/gl/guest-view/4Q9JRTV4VD0H
💻 Make a monetary donation:
https://givebutter.com/2026-stuff-the-bus-xm2d2b
📍 Find a collection location near you:
https://www.unitedwayswva.org/stuff-the-bus

Every backpack, notebook, and pencil makes a difference for local students and families. Let’s come together and Stuff the Bus for our community! 🎒✨

06/01/2026

Tax season may be behind us, but summer is actually the perfect time to get ahead of what's coming next.

Here's your mid-year tax checklist:
✅ Gather documents you already have (last year's return, investment statements, pay stubs)
✅ Confirm the IRS received any tax payments you made
✅ Stay current on quarterly estimated tax payments
✅ Review your withholdings, especially if your income has changed
✅ Note any major life changes: marriage, divorce, new baby, retirement, or a move
✅ Schedule time with your CPA before year-end so you can make smart moves while there's still time

A little planning now means fewer surprises in April. We're here all year, not just when the deadlines hit. Reach out at firmcpa.com or call us at (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

http://www.firmcpa.com/

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