Posts by Yuriy Akopyan, CPA
Essential Tax Benefits Every Parent of a Disabled Child Should Know About
Article Highlights: Special Schooling Learning Disabilities Non-Hospital Institutions Medical Conferences Auto Travel Trips Meals Lodging Vehicle Modifications Drug Addiction Home Modifications Childcare Credit Nursing Services For families who have disabled…
Read MoreThe 2024 Standard Mileage Rate Is 67 Cents per Mile, up From 65.5 Cents
The IRS released guidance (Notice 2024-08) to provide the 2024 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical or moving…
Read MoreHow Much Income Would You Give Up to Work Remotely?
The seismic shift toward remote work has become a game-changer, with profound implications for personal finances. According to Stanford University economist Nicholas Bloom, remote work is not only altering the…
Read MoreCommon Business Tax Planning Mistakes 2025
By strategically utilizing deductions, credits, and exemptions, businesses can reduce the amount of taxes they owe. The primary goal of tax planning is to identify legal ways to minimize a…
Read MoreEffective Internal Record-Keeping Is Essential for Businesses
Effective internal record-keeping is crucial for businesses for several reasons, and its importance becomes particularly evident when it comes to tax planning. Businesses are subject to various laws and regulations…
Read MoreWashington State Offered Various Incentives and Tax Credits for Energy-Efficient Home Improvements
Tax laws and incentives can change, so it’s crucial to check for the latest updates from official sources or consult with a tax professional. Tax professionals in Washington State, like…
Read MoreTax Benefits For Grandparents
Washington State, like any other jurisdiction, may offer certain tax-related options or benefits that could indirectly affect your financial situation when it comes to supporting your grandkids or planning for…
Read MoreWhat is the difference between the balance sheet and income statement?
The balance sheet and the income statement are two important financial statements that provide different perspectives on a company’s financial health and performance. Here are the key differences between them:…
Read MoreStartup Accounting Guide: Separate Business Bank Account, Accounting Methods
Starting a business can be an exciting venture, but it’s crucial to get your accounting right from the beginning. Proper accounting is essential for managing your finances, complying with tax…
Read MoreTax Planning FAQ: Which Life Events Affect Taxes the Most?
Several life events can significantly affect your taxes. The impact of these events can vary depending on your individual circumstances, but here are some of the life events that tend…
Read More