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Adams & Delp, P.C. Certified Public Accountants

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Wytheville, VA
Adams & Delp, P.C. Certified Public Accountants

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Our clients' satisfaction and success are our priorities. As a valued client, you can expect quality We have built our practice one client at a time.

Welcome to Adams & Delp, P.C., Since 1990, we have provided high-tech professional services with a personal touch. We are merging today's technological opportunities with our beliefs about how business should be done. We know that each of you has different goals and changing needs, so we'll meet with you as often as you'd like to discuss your plans. As a valued client, you can expect quality work, completed in a timely manner. The experience and academic credentials of our Certified Public Accountants and Associates provide our clients with the expertise of larger firms, while our commitment to superior customer service offers a personal, one-on-one approach.

11/02/2026

📅 2026 YEAR-END TAX PLANNING: IS ITEMIZING WORTH ANOTHER LOOK?

Year-end tax planning looks different in 2026, and more taxpayers may benefit from itemizing their deductions.

💰 State & Local Taxes: The federal state-and-local-tax (SALT) deduction cap is $40,400 for 2026, although the limit begins phasing down at higher income levels.

❤️ Charitable Giving: New deduction rules make it especially important to compare itemizing with taking the standard deduction.

📋 Plan Before December 31: If you're making quarterly state estimated-tax payments or charitable contributions, reviewing the timing now could make a difference.

The best approach depends on your income, applicable phaseouts, cash flow, and federal and Virginia tax treatment.

This is general information, not individualized tax or legal advice.

Source: https://tax.thomsonreuters.com/news/obbb-expands-itemizing-but-complicates-year-end-planning-cpa-says/

10/29/2026

📊 Federal Tax Savings Don't Always Mean State Tax Savings!

Recent federal tax law changes expanded several deductions and business incentives, but those benefits may not apply the same way at the state level.

Virginia generally follows a December 31, 2025, federal tax conformity date, with certain exceptions. That means a tax benefit available on your federal return could be treated differently on your Virginia or other state returns.

✅ Before year-end, consider:

Reviewing federal and state tax differences

Evaluating tax obligations in each state where you do business

Keeping detailed records of state-specific tax adjustments

Planning ahead to avoid unexpected tax liabilities

The takeaway: Federal and state tax planning should go hand in hand!

This is general information, not individualized tax or legal advice.

📌 Sources:
https://www.tax.virginia.gov/laws-rules-decisions/tax-bulletins/26-1

https://tax.thomsonreuters.com/news/multistate-monitor-clients-unaware-of-state-obbb-decoupling-gaps-expert-says/

10/26/2026

📋 YEAR-END PAYROLL CHECKLIST

Year-end payroll cleanup is easier in October than in January!

Before your final 2026 payroll, take time to:

✅ Verify employee names, Social Security numbers, and addresses—including former employees.

✅ Reconcile year-to-date wages and taxes with quarterly filings.

✅ Review overtime, tips, bonuses, gift cards, and other taxable compensation.

✅ Correct discrepancies before preparing Forms W-2.

A little preparation now can help prevent W-2 corrections, additional payroll fees, and unnecessary headaches in January.

📌 Don’t wait until year-end to get your payroll records in order!

This is general information, not individualized tax or legal advice.

🔗 Source: https://tax.thomsonreuters.com/news/payroll-year-end-can-expose-the-problems-employers-have-been-carrying-all-year-expert-warns/

10/23/2026

💻📍 REMOTE WORK & PAYROLL TAXES: WHERE YOUR EMPLOYEES WORK MATTERS!

Remote work can create state payroll tax obligations long before year-end tax forms are issued!

Employers need to know not just where employees live, but where they actually perform their work. Incorrect payroll settings can lead to repeated withholding errors throughout the year.

✅ Before preparing 2026 Forms W-2, employers should review:
• Remote and hybrid employee work locations
• Short-term business travel
• Worker classifications
• Earnings and deduction codes
• State and local payroll tax settings
• Work-location history and records

📋 A payroll review now can help prevent costly mistakes later!

Tax rules vary by state and locality, so staying informed and maintaining accurate records is essential.

This is general information, not tax or legal advice.

🔗 Source: https://tax.thomsonreuters.com/news/state-payroll-audits-put-work-location-remote-workers-and-compensation-sourcing-under-the-microscope/

10/21/2026

📢 2027 Social Security Payroll Update!

The Social Security wage base is increasing from $184,500 to $192,300 in 2027!

💰 Here’s what you need to know:
✅ Social Security tax rate remains 6.2%
✅ Combined employee F**A rate stays at 7.65%
✅ Self-employment tax rate remains 15.3%
✅ Maximum Social Security tax increases by $483.60 for both employees and employers.

📋 What should businesses do?

Employers should update payroll software, wage-base alerts, and cash-flow forecasts before the first January payroll. Self-employed individuals should also review their estimated-tax projections.

Planning ahead can help you avoid payroll surprises in 2027!

This is general information, not individualized tax advice.

🔗 Source: https://www.ssa.gov/news/en/cola/factsheets/2027.html

10/19/2026

🚨 IRS Announces Temporary Dyed-Diesel Tax Relief! ⛽

The IRS is providing temporary federal excise-tax penalty relief for dyed diesel sold or used on public highways from October 1 through December 31, 2026.

✅ Certain federal excise-tax penalties will not apply during this period.

⚠️ Important: This relief does NOT automatically eliminate the underlying federal tax or override Virginia fuel-tax rules.

🚜 Farms, trucking companies, contractors and fuel distributors should maintain accurate records, distinguish federal and state requirements, and watch for additional IRS guidance regarding Form 720 and tax payments.

📌 This is general information, not tax or legal advice.

🔗 Source: https://www.irs.gov/newsroom/irs-provides-dyed-diesel-fuel-relief-related-to-excise-tax-following-president-trumps-executive-order

10/16/2026

✈️ Business Travel Per Diem Rates Have Changed!

Effective October 1, 2026, the IRS updated its optional high-low per diem rates for business travel:

💰 $329 per day – High-cost U.S. localities
💰 $230 per day – Other U.S. localities

Employees must still document the time, place, and business purpose of their travel. Any reimbursement exceeding the substantiated amount generally must be returned or treated as taxable wages.

📋 Business owners: Now is a great time to review your company’s travel reimbursement policies and payroll settings to ensure compliance.

Keep in mind that the high-low method has limitations and may not apply to every traveler.

This is general information, not individualized tax advice.

🔗 Source: IRS Notice 2026-60
https://www.irs.gov/pub/irs-drop/n-26-60.pdf

10/14/2026

📢 Virginia Employers: Start Preparing Now!

Virginia’s new Paid Family & Medical Leave program is coming in 2028, but businesses can begin preparing today!

📅 Important Dates to Know:
✅ October 1, 2027 – 2028 contribution rate expected to be announced
✅ April 1, 2028 – Payroll contributions begin
✅ December 1, 2028 – Benefits begin

💼 What Can Employers Do Now?
✔️ Review existing leave and disability benefits.
✔️ Identify remote or multistate employees.
✔️ Make sure payroll systems can accommodate future requirements.

Detailed regulations are still being developed, so employers should stay informed before making final payroll changes.

Planning ahead can help your business prepare for a smoother transition!

📌 This is general information, not tax or legal advice.

🔗 Source: Virginia Employment Commission
https://vec.virginia.gov/pfml

10/12/2026

Planning a Virginia expansion or major hiring initiative? Virginia’s Talent Accelerator Program may help reduce startup and workforce training costs.

The program provides customized recruiting, pre-hire assessments, compliance training, technical training and leadership development at no cost to qualifying new and expanding companies.

Businesses considering a new facility or significant expansion should involve economic-development and financial advisers early—before finalizing site, staffing and cash-flow plans.

Program participation and services depend on project eligibility.

This is general information and not a guarantee of eligibility or assistance.

Learn more: https://www.vedp.org/virginia-talent-accelerator-program

10/07/2026

Virginia tax balances are carrying a 9% annual interest rate during the fourth quarter of 2026.

If you have an outstanding Virginia tax balance, paying sooner can help reduce the interest that continues to accrue.

Before making a payment, be sure to confirm the taxpayer, tax type, and tax period so the funds are applied correctly. If a notice is under appeal, don’t assume interest has stopped—special rules may apply to certain qualifying disputed assessments.

This is general information, not individualized tax or legal advice.

Source: Virginia Tax
https://www.tax.virginia.gov/laws-rules-decisions/tax-bulletins/26-4

Address

390 West Monroe Street
Wytheville, VA
24382

Opening Hours

Monday	8am - 6pm
Tuesday	8am - 6pm
Wednesday	8am - 6pm
Thursday	8am - 6pm
Friday	8pm - 5pm
Saturday	9am - 1pm

Telephone

(276) 228-8500

Website

http://www.adamsdelp.com/contact

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