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QBI – Qualified Business Income Deduction
In the new tax code styled as the Tax Cuts and Jobs Act, there are lots of new, eliminated or significant changes to existing deductions. The TCJA introduces new terminology for 2018 to go along with the enormous volume of actual tax code and regulation changes. One...
SBA answers some FAQs about PPP and EIDL loans
The following are frequently asked questions from the Small Business Administration. Can I apply for both the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program? Answer: Borrowers can apply for both an SBA Economic Injury Disaster Loan (EIDL) and...
CARES Act Details For Businesses And Individuals
Fast on the heels of passing the Families First Coronavirus Response Act (a law which ensures paid sick leave and unemployment benefits for employees affected by the COVID-19 pandemic along with payroll tax credits for affected employers), Congress passed and the...
2019 Tax Returns, SBA Loans, Payroll, COVID19 Sick Leave, and Stimulus Checks
Just wanted to provide a quick update on the firm and how to reach us, 2019 tax returns, SBA loans, payroll, sick leave, and stimulus checks. We're very much available to discuss SBA loan programs, the CARES Act and FFRCA legislation, and the stimulus payments you've...
CARES Act Individual Stimulus Checks Update
President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act, (CARES Act), a $2 trillion stimulus package to mitigate the impact of the Coronavirus pandemic. The CARES Act includes stimulus payments of $1,200 for each individual and $500 for...
Benefits of Filing Early
Our days are finally starting to get a little longer, and we are no longer de-icing our cars every morning. That means that springtime and tax season are just around the corner! Tax professionals know all too well how quickly these 3-and-a-half months vanish. In...
Rental Properties
Is the real estate market hot? Just ask any realtor and they'll answer you with a resounding "YES"! And the hot market is for all homes, not just those the buyers will be living in. Rental property in South King County and Seattle continues to be a very popular...
Are You a Victim of Tax Related Identity Theft?
Was a fraudulent return filed under your social security number? The IRS finally announced on November 3rd, 2015, a plan to allow you to get more information about what was included on that return. This sounds great on the surface, but you may not find what you seek,...
Important Information For Uninsured Tax Payers
How Much Will I Owe? The penalty for not having essential minimum coverage per the Affordable Care Act is going up in 2015 and again in 2016. The important part of the language regarding the penalty is that you will pay the higher of two amounts - either the flat...
Best job ever?
I recently watched the movie Fury, a story about the crew of one army tank during World War II. Several times throughout, they collectively mutter the phrase Best Job Ever given the times when they say it, it's not what you'd expect to hear them say. What's genuine...
Boeing Pension Buyout – good or bad option?
According to news reports, Boeing sent a letter out to about 40,000 former employees, asking them if they would be willing to take their vested pension benefit as a lump sum payment, or monthly annuity in lieu of staying in the pension plan. Whether such an option is...
Small business accounting and Photography
Running a Small business is a lot like Photography Sounds crazy, right? I just saw a photo of a hummingbird in flight, one of those taken with a very high shutter speed to capture the wings in flight and droplets of water in a stunningly beautiful image. I've taken a...
Sales tax paid at source
Are you paying too much sales tax? Whoa, Randy, everyone knows that sales tax collected has to be remitted to the state - how could I ever pay too much? Did you know that when you report and remit sales taxes collected to the state, you are allowed to deduct certain...
QuickBooks Desktop – access from anywhere.
I'm a big fan of QuickBooks Online, but it isn't for everyone. If you want the comfort of continuing to use QuickBooks desktop version, but you also seek to allow access from multiple locations or for multiple people who are not connected on a shared network, then an...
Anticipating Customer Needs
Great article in Forbes: Stop 'Listening' And Start Anticipating Your Customers' Needs. I read this article and thought that this expresses a philosophy I've tried hard to adopt in my business and had a hard time putting words to. In the end, I believe that my...
Tax Information for Students Who Take a Summer Job
Many students take a job in the summer after school lets out. If it's your first job it gives you a chance to learn about the working world. That includes taxes we pay to support the place where we live, our state and our nation. Here are eight things that students...
Funny accounting videos – not just the unicorn, these really exist
Hey here is some fun - the best accounting videos from around the world. In AccountingToday - these guys and girls are wild! Watch The Video See, we accountants can be fun too!
Welcome to the new web page.
The work of assembling this web site has reminded me of why I started my firm. The mere existence, or lack thereof, of a / < or > in the html code can have a dramatic effect on what the viewer sees on the published page. While WordPress does a nice job of using...