Chris Smith - Smith Tax & Accounting LLC

Chris Smith - Smith Tax & Accounting LLC I have been helping consumers & businesses w/ tax prep, payroll, and bkkping needs for over 10 years.

I have been helping consumers and businesses with their tax preparation, payroll, and bookkeeping needs for over 10 years.

October is home to some truly unforgettable moments in history that remind us how one bold idea can shift the course of ...
10/09/2026

October is home to some truly unforgettable moments in history that remind us how one bold idea can shift the course of everything that follows. Here are three we are celebrating this month:

🏰 October 1, 1971 - Walt Disney World opened its doors in Orlando, Florida, welcoming families to what would become one of the most recognized destinations on earth. Beyond the rides and the magic, it became a global symbol of American imagination and storytelling, continuing to draw millions of visitors every year.

đź“ž October 9, 1876 - Alexander Graham Bell and Thomas Watson completed the first long-distance, two-way telephone conversation over outdoor wires, connecting Boston to East Cambridge.

🎵 October 23, 2001 - Steve Jobs introduced the iPod with the now iconic slogan "1,000 songs in your pocket." This changed how we listen to music and laid the groundwork for the iPhone and the modern smartphone era we live in today.

These moments continue to inspire us to think bigger, dream bolder, and never underestimate the lasting impact of one great idea.

Which of these October milestones resonates with you the most? Drop a comment and let us know!

If there is one financial tool every business owner should understand, it is the general ledger. It is the master docume...
10/07/2026

If there is one financial tool every business owner should understand, it is the general ledger. It is the master document that ties all of your financial activity together, and keeping it accurate is one of the most important things you can do for your business's health.

Swipe through for a straightforward breakdown of what the general ledger is, how it works, and why it matters.

We hope you found this breakdown helpful! As always, if you have any bookkeeping questions or would simply like help with your back office, don’t hesitate to reach out. We are here to be a resource for you.

Accounting terminology can feel like a foreign language, but understanding a few key terms can make a real difference in...
10/05/2026

Accounting terminology can feel like a foreign language, but understanding a few key terms can make a real difference in how you manage your income and investments throughout the year. Getting familiar with common terms like AGI, cost basis, and EITC now can help put you in a stronger position down the road. Swipe through for three terms worth knowing.

Have questions about any of these terms or how they apply to your situation? Give us a call. We would love to help!

If you filed an extension for your 2025 individual tax return, the extended filing deadline is October 15, 2026. As a re...
10/02/2026

If you filed an extension for your 2025 individual tax return, the extended filing deadline is October 15, 2026.

As a reminder, if you filed for an extension, it only gave you more time to file your return; it did not give you more time to pay any taxes.

Here are a few important reminders about the upcoming extended filing deadline:

🔹The sooner you file, the better. And, if you still owe taxes, interest and penalties may already be accruing.
🔹There are no further extensions. October 15th is the final deadline to file your 2025 extended return.
🔹Review your return carefully before filing. Missing documents, incorrect income information, or overlooked deductions can delay processing and may require an amended return later.

If you have questions about your return or need help preparing before the deadline, please contact our office. We’re here to help.

10/01/2026

This week you can find Heidi & Samantha at the NATP Tax Forum in Philadelphia! Stop by for a demo of TaxBert & get your 2026 materials ordered.

Expo hours: Today until 2pm, tomorrow 7:30am-2pm.

Not at the show? Call us at 866-919-5277 or place your order online at https://www.thetaxbook.com/

Feeling confident about your business finances starts with understanding the terms behind the numbers. So today, we’re b...
09/30/2026

Feeling confident about your business finances starts with understanding the terms behind the numbers. So today, we’re breaking down a couple of key bookkeeping terms.

Swipe through for a quick guide.

We hope you found this overview helpful. If you have bookkeeping questions or need some extra support, don’t hesitate to reach out to our team. We are here to help with any back-office needs.

There are just about 100 days left in 2026, making now an ideal time to review your tax situation before tax season arri...
09/28/2026

There are just about 100 days left in 2026, making now an ideal time to review your tax situation before tax season arrives. Swipe through for a few key tax-planning items worth looking at before the year closes.

The final months of the year often go by quickly, but there is still time to take advantage of planning opportunities before tax season arrives. Even a few small adjustments now may help improve your overall tax picture and reduce stress later.

That said, if you would like to review any of these items or talk through things you can do to set yourself up for success next year, please feel free to reach out to our team. We would be happy to help.

09/25/2026

With summer behind us and routines back in full swing, fall brings a natural time to reflect on progress made and refocus on the progress ahead.

However, progress doesn’t always look the way we expect it to. Sometimes it’s fast and visible. Other times, it’s quiet and barely noticeable.

What matters most is that we keep moving, even when the pace feels slower than we would like. We don’t have to have it all figured out. We just have to keep going.

What is one area of your life where you are making steady progress right now? Share it in the comments. We would love to cheer you on.

Do you fully understand the differences between a tax credit and a tax deduction? If not, don’t feel bad. Many Americans...
09/23/2026

Do you fully understand the differences between a tax credit and a tax deduction? If not, don’t feel bad. Many Americans are in the same boat, according to a Tax Foundation survey.

The poll found that nearly two out of three respondents did not know whether a $1,000 deduction or a $1,000 credit was more beneficial. So today, we wanted to answer that question and offer some additional context on each term.

🔹What Tax Deductions Are - Deductions can reduce an individual’s taxable income, indirectly decreasing the amount of taxes owed or increasing the refund amount (if applicable). Most people take the standard deduction, which offers a blanket reduction of taxable income based on filing status.

🔹What Tax Credits Are - Credits can reduce the amount an individual owes the government, with the credit(s) subtracted from the individual’s tax bill. Compared to deductions, credits often have more impact, including in the scenario outlined above.

We hope you found this overview helpful. And as always, know that if you have any general tax questions or need personal accounting guidance, we’re here to help. Give us a call today and we can connect.

09/21/2026

As we settle into September and the rhythms of a new season, it is a natural time to step back and ask a bigger question: What are we actually building toward?

For many business owners, the first answer that comes to mind is success. But Albert Einstein's perspective challenges us to go a little deeper. Success, he suggests, is not the goal itself. It tends to follow when we focus on something more meaningful: the value we create for others.

As you move through this month, we would love to hear from you: In your business or your work, what is one way you are focused on creating real value for the people you serve? Share it in the comments. We would love to hear your perspective!

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9157 Atlee Road Ste A
Mechanicsville, VA
23116

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Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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