I’ll be speaking about the new tax changes at the Gain Access to Capital Workshop for small businesses.
I often get the question what I think about using Turbo Tax versus using a tax professional. The upside of using Turbo Tax is you will save some money on the preparation, not a lot, but some money. However the downside is that you have to spend your time, miss deductions or worse you make […]
The IRS sends out millions of computer generated letters a year to taxpayers. These letters are rarely welcome, as a result they can pile up unopened and certified letters are not collected from the post office. While stamp collecting can be a rewarding and stress relieving hobby, I don’t know anyone that has the same […]
With the new tax law now in place, you can still deduct your interest on home equity loans that are at or below $100,000, if the loan was used to buy, build or substantially improve your home. So if you took out a $25,000 home ‘equity’ loan to remodel your kitchen, that interest could still […]
IRS Revenue Officers are continuing to focus on the payroll taxes that employers are required to both file and remit to the IRS on a regular basis. The IRS has determined that getting employers to pay these taxes is relatively easy money and the longer that a business goes not paying these taxes the more […]
HSA accounts (Health Saving Accounts) are one of the best tax avoidance strategies available. The accounts are funded through payroll withholding. They are provided by your employer if you have a high deductible Health Insurance plan. The tax advantages are that the withheld money is free from both income, social security and Medicare taxes. Then […]
I’ll be at the Washington State Society of Enrolled Agents table at the Small Business Fair. The fair is at the Renton Technical College September 29 from 8:00 to 4:15. There will be great speakers and exhibitors that you can access for free. This is a great resource for both existing and potential small […]
Wondering if you need a tax pro or if you can DYI? Dave Ramsey has a quick quiz to help answer that question. Take the quiz yourself to find out! https://www.daveramsey.com/elp/tax-advisor#take-the-quiz
This act has wide ranging impacts to the income tax system for both businesses and individuals. Most of the changes take effect in 2018, however there are a few that are retroactive to 2017. When we prepare your taxes, we will give you insight into how the new tax law will impact your taxes in […]
Wondering if you are missing a deduction on your 2016 tax return? Well worry no more, through the rest of December we are offering a free review of your 2016 tax return. Call for an appointment either in person or virtually.