Your Small-Business Solution
Accounting expertise and proactive guidance to help you make the most of your business
Serving clients while minimizing risk
Akopyan & Co. is continuing to serve our clients during this uncertain time. However, please note that all appointments are now being conducted via phone or online tools.
Our Services
ACCOUNTING & BOOKKEEPING
We handle your books so you can focus on running your business. With our timely financial reports, you’ll always know where things stand.
STRATEGY & SUPPORT
Get strategic with our Business Owners Package: It’s like having a part-time chief financial officer dedicated to helping you grow.
PAYROLL MANAGEMENT
From direct deposit to W-2s, we take away your payroll headaches—and give you and your employees convenient electronic access.
BUSINESS OWNERS TAX RETURNS
Your business impacts your personal taxes, too. We eliminate surprises and ensure your returns are aligned to minimize your tax liability.
Ready to find out more?
Solution Center
What challenges do you face?
I wonder if I’m getting everything right with my company’s books.
Your time should be spent managing your business instead of spending hours fighting with the numbers. We’ll give you those hours back. Learn more.
I feel like I don’t really understand the financial side of my business.
Our Business Owners Package gives you the complete picture—so you know exactly where your business is today, and where it’s going tomorrow. How it works.
I’m always frustrated with payroll. I need a better way.
With our convenient cloud-based portal, all you need to do is enter your employees’ hours. We’ll take it from there—and take away your worries. Learn more.
From Our Blog
Akopyan job listing — Payroll Specialist
Full-Time Payroll Specialist for an Established CPA Firm—Seattle or Duvall Office Please note specific instructions for submission at the end of this post. If you like working with numbers, you have a basic knowledge of payroll and/or bookkeeping, and you want to work for a growing company that is committed to helping its employees thrive,…
October 2021 Individual AND Business Tax Due Dates
October 2021 Individual Due Dates October 12 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during September, you are required to report them to your employer on IRS Form 4070 no later than October 12. Your employer is required to withhold FICA…
October Extended Due Date Just Around the Corner
Article Highlights: October 15 is the extended due date for filing federal individual tax returns for 2020. Late-filing penalty Interest on tax due Other October 15 deadlines The normal April 15, 2021 filing deadline for 2020 individual tax returns was extended by the IRS to May 17, 2021 due to the continuing Covid-19 pandemic. If…
The Importance of a Well-Oiled Accounting Function
Though it’s natural for management to focus on its profit-making areas, the importance of a sound accounting foundation to support the operation cannot be overemphasized. The more diligent and meticulous your accounting team is, the more easily the rest of the organization can function and grow. If the system you currently have in place is…
The Treasury Green Book of Biden Proposed Tax Changes
Article Highlights Long-Term Capital Gains Rates Top Individual Tax Rate Pass-Through Income Subject to 3.8% NIIT or SECA Tax Limit Nonrecognition of Like-Kind Exchanges Transfer of Appreciated Property by Gift or Death Family-Owned and -Operated Businesses 15-Year Fixed-Rate Payment Plan Excess Business Loss Limitation Carried Interest Enhanced Financial Account Reporting The U.S. Treasury has released…
Should You Charge Late Fees? QuickBooks Can Help
Do you have a lot of aging receivables? Assessing finance charges can speed up customer payments. Have your customers been submitting payments later than usual these last several months? It wouldn’t be surprising. Many businesses are struggling to pay bills these days. Still, you need to get paid – and on time. Tardy receivables have…
IRS Offers New Identity Protection for Taxpayers
Article Highlights: IP PIN Identity Verification Opt-in Program Application Process : In the past, the IRS has assigned verification numbers to victims of identity theft to file their tax returns, if requested by the victimized individual. These numbers are referred to as identity protection (IP) PINs. The IP PIN is a six-digit code known only…
Charitable Contributions Deduction Liberalized for 2021
As a means to stimulate charitable contributions during the COVID crisis, Congress made two notable changes for 2020—one allowing taxpayers that don’t itemize their deductions an above-the-line deduction for cash contributions of up to $300 and another for those itemizing their deductions to increase the maximum deduction for cash contributions to 100% of their adjusted…
Retirement Plan and IRA Required Minimum Distributions FAQs
The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) became law on December 20, 2019. The Secure Act made major changes to the RMD rules. If you reached the age of 70½ in 2019 the prior rule applies, and you must take your first RMD by April 1, 2020. If you…
IRS Lowers Standard Mileage Rate for 2021 to 56 Cents per Mile
Effective Jan. 1, 2021, the optional standard mileage rate used in deducting the costs of operating an automobile for business will be 56 cents per mile, down 1.5 cents from 2020, the IRS announced Dec. 22 in Notice 2021-02. Businesses often use this amount—also called the safe harbor rate—to pay tax-free reimbursements to employees who use…
Akopyan job listing — Payroll Specialist
Full-Time Payroll Specialist for an Established CPA Firm—Seattle or Duvall Office Please note specific instructions for submission at the end of this post. If you like working with numbers, you have a basic knowledge of payroll and/or bookkeeping, and you want to work for a growing company that is committed to helping its employees thrive,…
October 2021 Individual AND Business Tax Due Dates
October 2021 Individual Due Dates October 12 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during September, you are required to report them to your employer on IRS Form 4070 no later than October 12. Your employer is required to withhold FICA…
October Extended Due Date Just Around the Corner
Article Highlights: October 15 is the extended due date for filing federal individual tax returns for 2020. Late-filing penalty Interest on tax due Other October 15 deadlines The normal April 15, 2021 filing deadline for 2020 individual tax returns was extended by the IRS to May 17, 2021 due to the continuing Covid-19 pandemic. If…
The Importance of a Well-Oiled Accounting Function
Though it’s natural for management to focus on its profit-making areas, the importance of a sound accounting foundation to support the operation cannot be overemphasized. The more diligent and meticulous your accounting team is, the more easily the rest of the organization can function and grow. If the system you currently have in place is…
The Treasury Green Book of Biden Proposed Tax Changes
Article Highlights Long-Term Capital Gains Rates Top Individual Tax Rate Pass-Through Income Subject to 3.8% NIIT or SECA Tax Limit Nonrecognition of Like-Kind Exchanges Transfer of Appreciated Property by Gift or Death Family-Owned and -Operated Businesses 15-Year Fixed-Rate Payment Plan Excess Business Loss Limitation Carried Interest Enhanced Financial Account Reporting The U.S. Treasury has released…
Should You Charge Late Fees? QuickBooks Can Help
Do you have a lot of aging receivables? Assessing finance charges can speed up customer payments. Have your customers been submitting payments later than usual these last several months? It wouldn’t be surprising. Many businesses are struggling to pay bills these days. Still, you need to get paid – and on time. Tardy receivables have…
IRS Offers New Identity Protection for Taxpayers
Article Highlights: IP PIN Identity Verification Opt-in Program Application Process : In the past, the IRS has assigned verification numbers to victims of identity theft to file their tax returns, if requested by the victimized individual. These numbers are referred to as identity protection (IP) PINs. The IP PIN is a six-digit code known only…
Charitable Contributions Deduction Liberalized for 2021
As a means to stimulate charitable contributions during the COVID crisis, Congress made two notable changes for 2020—one allowing taxpayers that don’t itemize their deductions an above-the-line deduction for cash contributions of up to $300 and another for those itemizing their deductions to increase the maximum deduction for cash contributions to 100% of their adjusted…
Retirement Plan and IRA Required Minimum Distributions FAQs
The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) became law on December 20, 2019. The Secure Act made major changes to the RMD rules. If you reached the age of 70½ in 2019 the prior rule applies, and you must take your first RMD by April 1, 2020. If you…
IRS Lowers Standard Mileage Rate for 2021 to 56 Cents per Mile
Effective Jan. 1, 2021, the optional standard mileage rate used in deducting the costs of operating an automobile for business will be 56 cents per mile, down 1.5 cents from 2020, the IRS announced Dec. 22 in Notice 2021-02. Businesses often use this amount—also called the safe harbor rate—to pay tax-free reimbursements to employees who use…