June 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 date for the second installment of estimated taxes is the next business day, June 17, which is just around the corner. So, it is time…

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School’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 should know about. Many working parents must arrange for care of their children under 13 years of age (or any age if disabled) during the…

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More 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 back into their business. Whether you work from home, an office, or a vehicle, here are some ideas to consider. Added together, these costs can…

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Standard Mileage Rates for 2018 Up from Rates for 2017

Standard Mileage Rates for 2018 Up from Rates for 2017

This is post 1 of 3 in the series “Standard Mileage Rate” Standard Mileage Rates for 2018 Up from Rates for 2017 2021 Standard Mileage Rates Announced (Rates Take Into Account 2020 Fuel Costs) IRS Lowers Standard Mileage Rate for 2021 to 56 Cents per Mile Do you use a vehicle for your business? If you…

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Small 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 business. From payroll, to loans, and even coming up with a sound business plan; small business tax accountants are here to help. So, how do…

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Do 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 are extremely knowledgeable finance experts. Who May Need a Certified Public Accountant? Mostly, businesses. Large businesses, small businesses, and startup businesses should all seek the…

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What 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 taxable. The first step for any business owner in Washington is to determine if their business fits the criteria for being a “sales tax nexus.”…

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Why Small Businesses Need a Certified Public Accountant

Business owners have many different aspects to manage to make sure their business operates smoothly, finances being just one of them. Small business owners should consider hiring a certified public accountant to manage the business finances for them. Perhaps a small business believes a certified public accountant isn’t in the budget, or not necessary for…

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Take Advantage of 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 back into their business. Whether you work from home, an office, or a vehicle, here are some ideas to consider. Added together, these costs can…

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Business Tax Extension: What You Need to Know

Do you need more time to file your 2017 business tax return? Here’s what to do. If you need more time to complete your 2017 business tax return, you can request an extension of time to file your return. However, even with an extension, you must estimate how much you owe (if you owe) and send…

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