Remember to consult your tax professional before making significant tax-planning decisions. 1. Max Out Your Retirement Accounts, If Possible As the year draws to a close, review your retirement contributions...
October 15 Is Coming: Is Your Tax Return Ready? If you filed an extension for your 2025 individual tax return, the October 15 deadline is approaching quickly. An Extension Gives...
What You Can Give Tax-Free in 2026 Did you know you can give up to $19,000 to as many individuals as you would like during 2026 without generally having to...
Summer is here, and your teenage sons and daughters may be starting seasonal or part-time employment for the first time. A summer job is a great way to earn money...
With the April filing deadline behind us, May is one of the best times of the year to focus on proactive tax planning. Many taxpayers wait until year-end to think...
For over 100 years, Maymont has been sharing its beautiful grounds with the public. On Saturday, May 2, one of their most beloved and favorite spaces is reopening after a...
Many taxpayers who are expecting federal tax refunds are discovering a delay in receiving them. The culprit. Missing or incorrect bank information on their tax return. Unfortunately, if you are...
Tax season is officially underway, and we’re here to help make this year’s filing as smooth as possible. With the April 15 deadline approaching, now is the time to organize your documents...
We wanted to share some important information regarding the upcoming tax season. Please be sure to send your tax information to us no later than Monday, March 2, 2026, so...
Happy holidays to you and your family from your tax preparers at Pearson & Co.! We wish you joy, peace, and a prosperous 2026! Remember to be on the lookout...
Happy Thanksgiving! As we enter the holiday season, the crew here at Pearson and Co. wanted to express our sincere thanks and gratitude to you for trusting us with your...
Fall is here and that means cooler temperatures and amazing natural beauty in the Commonwealth. Make sure to spend time outdoors to take advantage of the incredible colors and scenery...
Don’t Wait Until December: Plan Your 2025 Taxes Now As we move into the final quarter of 2025, now is the ideal time to take a proactive look at your...
The OBBBA was signed into law on July 4, 2025, that implemented numerous changes to the United States tax code which could affect how individuals manage their taxes and finances....
Happy 249th Independence Day! As we reflect on this past weekend’s July 4th celebrations, here are a few interesting tidbits about the birth of our nation through a financial lens...
Pearson & Co. has recently updated their phone system. You may still use the same number (804-559-4516) to call the office. The only thing that has changed is the extension...
Scammers are always on the hunt for new ways to trick unsuspecting individuals out of their money or personal information. They are getting more and more sophisticated and the tools...
Virginia’s General Assembly convened recently, passing hundreds of bills that will head to Governor Youngkin’s desk to be either approved or vetoed by March 24. Among the notable items that...
Tax season is here! Remember to get organized and prepare for filing your return. Here’s some things you need to know to make the process smooth and stress-free: ✅Gather Your...
Enacted by Congress in 2021, the CTA objective is to curb unlawful financial activity including tax fraud, money laundering, and terrorism financing. Compliance requires many companies doing business in the...
The SECURE 2.0 Act, passed as part of an omnibus spending bill in December 2022, added new exceptions to the 10% federal income tax penalty for early withdrawals from tax-advantaged...
The National Taxpayer Advocate Service (TAS) is an independent organization within the IRS. TAS helps taxpayers resolve problems with the IRS, makes administrative and legislative recommendations to prevent or correct the problems,...
This year’s January issue of the Pearson Perspective alerted small business owners to be sure to find out if your business is one of millions affected by the Corporate Transparency...
