BSB has a talented team of accounting professionals to build a solid financial foundation for a new business. We can also jump in and help in a “bookkeeping emergency” or clean up messy books to create meaningful financials or a tax return.


Our Client Accounting & Advisory Services (CAAS) team not only installs the right accounting software, but we also create a meaningful Chart of Accounts for your business. We know and understand the difference between a capital asset and an office expense, a shareholder loan versus a capital infusion (equity), and how to enter a complicated payroll journal entry.

Our CAAS team adheres to financial and accounting standards. We know who the end-user of the financial statements is and customize the reporting to their needs. For instance, do they need a product-line separated out? Do they need government-auditable books? These are the important questions we consider to make sure each client’s needs are met.

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Latest Tax Changes from Virginia Department of Taxation’s September Special Session

| TAX | No Comments
The Virginia Department of Taxation recently released their updated 2023 Legislative Summary, which details the state and local tax legislation enacted during the 2023 Special Session held on September 6,…

Virginia Switches to Rolling Conformity Beginning With Tax Year 2023

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On April 12, following a special one-day reconvene session of the Virginia General Assembly, Gov. Glenn Youngkin signed S.B. 1405 to change Virginia’s method of conformity with the Internal Revenue…

Six Important Financial and Compliance Considerations for For-Profit Federal Grant Recipients

The federal government recently passed the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), setting the stage for historic investments in infrastructure and clean energy. As…

The Great Resignation, Talent Shortages, Inflation, Recession … Maybe Bonuses Can Help

| NONPROFIT | No Comments
It will come as no surprise that bonuses (includes all forms of variable pay for purposes of this discussion) are far more prevalent in the for-profit than the nonprofit sector. …