AnchorPoint Accounting & Tax Services LLC

07/16/2026

05/22/2026

President Trump is calling for a halt on the federal gas tax to mitigate spiking gas prices. Many lawmakers are saying this won't be enough to make a difference. Some express concerns that the Highway Fund is already struggling and the gas tax is needed to fund this account. Congress has never before suspended the gasoline tax. Whether Congress decides to suspend the gas tax is dependent upon how much pressure President Trump puts on Congress.

Some states have already enacted gas tax relief as fuel prices are expected to stay high.

05/11/2026

Did you get an IRS letter asking for your banking info?

05/05/2026

Tens of Millions of Taxpayers May Be Eligible for Significant Tax Refunds – If They Act by July 10!!

Recent legal developments may entitle tens of millions of taxpayers (individuals, small businesses, large businesses, estates, and trusts) to refunds or abatements of penalties and interest that the IRS assessed during the nearly 3.5-year COVID-19 federal disaster period. However, this relief will not happen automatically. To protect their rights, most taxpayers must file a claim for refund – generally by July 10, 2026.

Did you pay penalties and interest for late filing between Jan 20, 2020 - May 11, 2023? If so, you need to follow these steps for a refund:

Check your IRS transcript for potential COVID-era refunds. Learn how to find key information and identify penalties or interest you may be able to recover.

01/25/2026

Your 2025 W-2 may not report your overtime. See the slides for how to ensure you get your "no tax on tips & overtime". Example overtime calculation is included. Make sure to double check your W2s before you file your taxes! If you're using a tax preparer, make sure to give them a copy of your final paycheck stub as well.

01/23/2026

🚩Virginia Businesses - New proposed sales tax bill could require you to charge sales tax. Have you read the proposed HB #978? What are your thoughts? See video for a list of businesses it would effect.🚩 Citizens, do you agree with being taxed more? We would love to hear your thoughts as we continue to monitor this bill.

Businesses effected (per current version of proposed bill):

1. Admissions charged for attendance at any event or place of amusement or entertainment;

2. Charges to use any recreation, fitness, or sports facilities;

3. Nonmedical personal services or counseling, including
(i) hair care, nail care, skin care, cosmetology, beauty, tanning, exercise, nutrition, weight control, sensory stimulation, or relaxation services or counseling and
(ii) piercing, tattooing, exfoliation, implants, and other cosmetic body modifications.

4. Dry cleaning and laundry services, and garment and shoe repairs and alterations;

5. Companion animal care, including grooming, boarding, walking, training, and feeding;

6. Residential home repair or maintenance, including carpentry, painting, plumbing, electrical, and HVAC;

7. Residential landscaping services, including landscaping design and maintenance, lawn services, or tree removal;

8. Residential cleaning services, including housekeeping, rug cleaning, upholstery cleaning and dyeing, window cleaning, power washing, and servicing of swimming pools;

9. Vehicle and engine repair, maintenance, cleaning, painting, and remodeling;

10. Repairs or alterations to tangible personal property or the functioning thereof, including appliances, electronics, computers, jewelry, watches, musical instruments, and art;

11. Delivery or shipping services, including wrapping and packing;

12. Storage of tangible personal property, including climate-controlled storage and self-storage;

13. Travel, event, and aesthetic planning services that are separately billed from the sale of product, including travel agents, event planning, catering, and interior design services; and

14. Digital services.

01/11/2026

Tax season is here! 🔥 We’re ready to work. Long weekends & working thru dinner time is all worth it for helping our clients!

We love our clients and can’t wait to help them.

01/03/2026

We're not "kidding" around. We'd love to help you. Give us a call this tax season.

01/03/2026

If you donate to a qualified charity, you can deduct your donations on your tax return in 2026 (even if you don’t itemize). This is new this year! (But there’s a limit on the amount that’s deductible). Be sure to save your receipts and let your accountant know of any donations you made throughout the year.

Please consider helping these animals. ❤️

01/02/2026

Happy New Year! We hope you had a great 2025 and can’t wait to see what 2026 brings!

First things first, let’s get your 2025 taxes done. ✅

Now is a good time to start gathering your documents. When you’re ready, we’re happy to help every step of the way!