Since 1946, Thompson Accounting & Business Solutions, Inc. has been dedicated to providing exceptional financial guidance to individuals and businesses in the Richmond, VA area. Our team of experienced professionals is committed to delivering personalized services that meet the unique needs of each client. With a strong reputation for expertise and professionalism, we have established ourselves as one of the leading accounting firms in the region.

Our Mission

At Thompson Accounting & Business Solutions, Inc., our mission is to provide comprehensive financial solutions that help our clients maintain viability in the present while proactively working towards achieving their long-term goals. We believe in fostering open communication and collaboration to understand our clients' unique needs and goals. Our team is dedicated to delivering high-quality services with a focus on excellence, professionalism, and integrity.

Our Services

We offer a wide range of services designed to meet the diverse needs of our clients. Our team of experts provides customized solutions for individuals and businesses, including:

Tax Planning & Preparation: We offer comprehensive tax planning and preparation services, including yearly tax filing, quarterly/annual tax reviews, and more.
IRS Issues?: Our experienced Enrolled Agent has years of experience in establishing payment plans, writing Offers in Compromise, and dealing with the Internal Revenue Service on clients' behalf.
Bookkeeping: We provide a range of bookkeeping services, from annual overviews to full-service bookkeeping, all tailored to each client's unique needs. Our staff is well-versed in online and desktop QuickBooks and offers QuickBooks training to clients and their staff.

What's New

At Thompson Accounting & Business Solutions, Inc., we stay up-to-date with the latest tax changes and regulations. Our experts keep clients informed about the latest developments, ensuring they are always prepared for tax season. In recent years, tax changes have affected many individuals and businesses, including changes to child credits, earned income credits, and more.

Child Credits: The Child Tax Credit has reverted back to $2,000 per dependent under the age of 16, while the Dependent Care Credit has reduced back to a maximum credit of $1,050 for one dependent and $2,100 for two or more dependents.

Earned Income Credit: The Earned Income Credit (EIC) has also reverted back to its original form. If you were a recipient of the EIC in 2021 but had not been a recipient in the past, you may not be eligible for the credit in 2022.

Other Various Items: In 2021, many tax changes created a tax credit windfall, including stimulus checks, refundable child credits, and more. While these credits are no longer available in 2022, it's essential to remember that 1099K forms have been introduced, and cryptocurrency transactions must be reported.

Cryptocurrency: If you have sold or engaged in cryptocurrency transactions during the year, do not forget to gather your tax documents and provide a detailed list of expenses.

1099K: If you receive a 1099K form, be proactive in helping with a smooth preparation process by gathering a list of expenses for the funds claimed on these forms, which may include transactions from platforms like Ebay, Facebook Marketplace, Zelle, Venmo, Cash App, etc.

Update Share

Positive: Exceptional service, quality results, and personalized solutions from a trustworthy and professional team.

Negative: One client experienced poor communication, feeling ignored and ignored.

Exceptional Service and Quality Results

Thompson Accounting and Business Solutions stands out for its exceptional service, quality results, and timely and efficient communication. The team demonstrates exceptional care, honesty, and professionalism in handling complex tax issues. They take the time to understand individual situations and provide personalized solutions.

Consistent Excellence

The team's reputation for excellence is evident in the numerous five-star reviews. They have been providing top-notch service for almost a decade, and clients trust them implicitly. Their attention to detail, empathy, and responsiveness have earned them a reputation as a fantastic accounting firm.

Communication Concerns

However, one client experienced a frustrating situation, waiting over a month for someone to call back. Despite multiple voicemails and emails, there was no response, leaving the client feeling ignored and concerned.

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