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Welcome

Anderson & Reed provides a wide range of sophisticated services to businesses and not-for-profit organizations including:  accounting and auditing, tax, and business advisory services. Additionally, the Firm provides tax planning and compliance services to individuals.

As a long-term business citizen of Roanoke and the surrounding region, the Firm encourages all its professionals to be active in community life.  Our professionals serve in business, civic as well as in many philanthropic organizations.

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Filing season opens, IRS budget cuts may impair taxpayer services
The 2015 filing season is now underway and the IRS, taxpayers and tax professionals are expecting some challenges. In addition to the huge number of returns the IRS must process, the agency also must ...
Obama’s 2015 Tax Proposals Offer Help for Middle Class Families
President Obama and the White House unveiled Obama’s tax program for 2015, with proposals designed to help middle class families. The proposals include providing a new $500 credit for two-earner...
More information coming to help taxpayers with ACA requirements
The IRS and the U.S. Department of Health and Human Services (HHS) are planning outreach efforts during filing season to remind taxpayers about new requirements under the Affordable Care Act. These pr...
How Do I? Compute a late payment penalty
The tax code imposes a penalty on taxes that are paid after the due date (generally April 15). Taxpayers may wonder whether to save, to pay their taxes on time and avoid the penalty, or delay payment ...
FAQs: How are qualified longevity annuity contracts reported?
The required minimum distribution (RMD) rules require participants to start taking distributions when they turn age 70½. Treasury and the IRS have developed a new concept to enable retirees to ...
February 2015 tax compliance calendar
As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals...

IRS issues 2015 auto and truck maximum FMVs for cents-per-mile/fleet-average valuation

The IRS recently issued the maximum fair market value (FMV) amounts that de...


IRS updates accounting method procedures

Taxpayers must obtain the IRS’s consent to change any of their accoun...


IRS guidance describes application of research credit to internal use software

Treasury and the IRS have issued proposed regulations on the research tax c...


Congress retroactively increases excludable transit benefits; IRS provides guidance for employers

At the end of 2014, Congress passed the Tax Increase Prevention Act of 2014...


National Taxpayer Advocate’s Annual Report to Congress criticizes IRS budget cuts

National Taxpayer Advocate (NTA) Nina Olson has released her 2014 Annual Re...


VA - Possible delay in receipt of refunds discussed

The Virginia Department of Taxation has announced that it uses various proc...