Tax Tips
How Some High-Income Taxpayers Can Maximize the New 20% Pass-through Business Deduction
Article Highlights: 20% Sec. 199A Pass-through Deduction Specified Service Business Limitations Taxable Income Limitations Wage Limitations Benefits of Being Organized as an S Corporation Taxpayers with higher 1040 taxable incomes…
Read MoreA Mid-Year Tax Checkup May Be Appropriate
Article Highlights: Concerns About Proper Withholding Late IRS W-4 and Withholding Tables New W-4 Complications Self-employed Estimated Payments Events That Can Impact Taxes Taxes are similar to vehicles, in that…
Read MoreHow Long Should You Hold On To Old Tax Records?
Article Highlights: The general statute: 3 years Longer durations in some states Fraud, failure to file and other issues that extend the statute’s duration Keeping the actual return Ordering copies…
Read MoreJune Estimated Tax Payments Are Just Around the Corner
Article Highlights: Employees Self-Employed Individuals Individuals with Sources of Income Without Withholding Quarterly Payments Underpayment Penalty Safe Harbor Payments June 15th falls on the weekend this year, so the due…
Read MoreSchool’s Out – Who Is Going to Take Care of the Kids?
Article Highlights: Child Age Limits Employment-Related Expense Married Taxpayer Earnings Limits Disabled or Full-Time-Student Spouse Expense Limits Summer has just arrived, and there is a tax break that working parents…
Read MoreMore Small Business Tax Deductions
When it comes to filing taxes, there are many ways small businesses can save money. Small business owners can take advantage of different tax deductions and place their saved dollars…
Read MoreStandard Mileage Rates for 2018 Up from Rates for 2017
Do you use a vehicle for your business? If you use your vehicle solely for business purposes, then you can deduct its entire cost of operation. If you drive for Amazon…
Read MoreSmall Business Tax Accountants
Small business tax accountants are key to the success and longevity of any small business. Having a qualified and reputable accountant is essential to all aspects of running a small…
Read MoreDo You Need to Hire a Certified Public Accountant?
What is a certified public accountant? A certified public accountant, also called a CPA, is an accountant that has passed specific state exams and extra qualifications. In other words, they…
Read MoreWhat is Washington State Sales Tax?
As a business owner or entrepreneur in Washington, it can be challenging to know exactly what the sales tax rate is, how often to file, and which items are actually…
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