Answers to Help You Move Forward With Clarity

We provide tax preparation, tax planning, bookkeeping, financial planning, and business advisory & strategic planning for individuals, families, real estate investors, professionals, and business owners.

We work with individuals, families, business owners, real estate professionals and investors, healthcare professionals and business owners, and other clients who need more structured tax, accounting, advisory, or financial planning support.

Availability varies by service type and season. Some services can fill quickly during tax season, so the best first step is to schedule a consultation and confirm current availability.

We work primarily virtually so we can serve clients in Virginia Beach and across the United States. In-person meetings may be available depending on the service and scheduling needs.

B.D. Smith Wealth is based in Virginia Beach and serves clients across the United States, while continuing to support clients throughout Hampton Roads and surrounding communities.

Start by scheduling a consultation. We will learn more about your needs, answer initial questions, and identify the service or next step that best fits your situation.

Your secure portal includes a personalized checklist based on your return. Common items include W-2s, 1099s, income statements, mortgage forms, and business or rental documentation.

Most returns are completed within 7–14 days after all required documents are received. Timing can vary based on the complexity of the return, seasonal volume, and how quickly additional information or clarification is provided.

Yes. We prepare individual and business returns, including S corporations, partnerships, LLC-related filings, Schedule C businesses, and more complex individual returns.

Yes. We can assist with many multi-state filing situations, including clients who have moved, worked remotely, owned property, or conducted business across state lines.

Yes. When appropriate, we can file an extension if additional time is needed to complete the return.

We can review the notice and determine the appropriate next step. Additional fees may apply depending on the type and complexity of the notice and the work required.

Yes. We can prepare amended returns when a correction or update is appropriate, including situations involving reporting errors or eligible items that were missed on the original return.

Yes. Bookkeeping cleanup is available as a separate service when financial records need to be organized or corrected before tax preparation can be completed.

Tax preparation reports and files what has already happened. Tax planning looks ahead so you can evaluate potential tax consequences, identify planning opportunities, and make more informed decisions before key deadlines or transactions occur.

Tax planning is most useful as a year-round process, particularly before major changes in income, business activity, investments, real estate, or entity structure. Starting before the fourth quarter can also create more time to evaluate year-end opportunities.

Yes. We can evaluate whether an S corporation election may make sense based on your business, income, payroll considerations, and other relevant facts. The right structure depends on the full situation.

Tax planning may identify legal opportunities that affect current-year or future taxes, but the result depends on your facts, eligibility, timing, implementation, and applicable tax rules. No specific tax savings can be guaranteed in advance.

Follow-up frequency depends on the scope of the engagement. Certain planning or advisory services may include periodic reviews or check-ins.

We can review the notice and determine the appropriate next step. Additional fees may apply depending on the complexity and work required.

Not always, but current and reliable financial records make tax planning more useful. If the books need cleanup, that work may need to be completed separately before certain planning decisions can be evaluated accurately.

We use QuickBooks Online for most bookkeeping clients.

Yes. Cleanup services are available for businesses with disorganized or incomplete records, including situations involving multiple months or prior periods.

Monthly reconciliation is standard for ongoing bookkeeping unless the scope of the engagement calls for a different schedule.

Limited accounts payable and accounts receivable support may be available depending on the bookkeeping plan and agreed scope of work.

Depending on the plan, monthly bookkeeping may include transaction categorization, reconciliations, financial reports, and periodic bookkeeping review meetings.

Yes. When appropriate and authorized, we can coordinate with your tax preparer so the bookkeeping records are ready for tax filing and related questions can be addressed more efficiently.

Bookkeeping records and organizes financial activity. Business advisory uses that information to help you interpret performance, evaluate decisions, build projections, and plan what comes next.

Yes. Financial projections and scenario planning can be part of a business advisory engagement, depending on the decisions and priorities being evaluated.

Yes. Pricing, profitability, budgeting, cash flow planning, and related financial decisions are areas that may be addressed within the advisory scope.

Clean, current books make advisory work more reliable because the analysis depends on accurate financial information. If cleanup is needed, that work can be handled separately before or alongside the appropriate advisory work.

Financial planning looks across your broader financial life, including budgeting, savings, cash flow, family goals, retirement, and long-term priorities. Tax planning focuses specifically on evaluating tax implications and planning opportunities.

No. B.D. Smith Wealth does not manage investment accounts through this financial planning service. The engagement focuses on financial organization, goals, stewardship, and decision-making rather than investment management.

Yes. For clients who want it, the planning process can incorporate stewardship, purpose, responsibility, and intentional financial decision-making.

• Foundation Clarity Plan
• Strategic Success Plan
• Legacy Growth Plan

It can be. Ongoing check-ins and follow-up depend on the planning tier and scope selected.

Your login link will be emailed to you once your account is activated.

Your secure portal includes a document area where you can upload requested files and access documents shared with you.

Response times are typically within 1–2 business days, depending on the season, request type, and current workload.

We review what was submitted, follow up if clarification or additional information is needed, and keep you updated as the work moves through the process.