Frequently Asked Questions About The CARES Act
On March 27 the President signed the CARES Act with lots of provisions to help workers, business owners and the economy. Here’s the part everyone wants to know about. Stimulus checks! IRS will begin to send out up to $1200 apiece to many taxpayers over the next few months. Here’s what you need to know.…Read More
What Do We Do?
It’s easy to look at our company and assume we just do tax returns during tax season. But we do so much more than that! Just this week we filed tax returns for someone who hasn’t filed in six years. We’re helping someone who owes the IRS a large amount and can’t afford to pay it…Read More
All About Gifts
Thinking about giving a gift? Or wondering if that check from Grandma is taxable? One of the most common questions we get asked is whether a gift is taxable to the giver or the recipient. Most gifts are not subject to the gift tax. Here are some things to consider. 1. Nontaxable Gifts. The majority of…Read More
Changes To GET Program
Do you have money invested in a Washington state GET account for college tuition? There are big changes coming soon! Here’s an article from the Seattle Times about the changes. https://www.seattletimes.com/seattle-news/education/got-get-your-account-could-be-worth-38-percent-more-if-you-switch/?utm_source=marketingcloud&utm_medium=email&utm_campaign=Morning+Brief+5-30-18_5_30_2018 Basically it works like this. If you have money in a GET account, it’s like an insurance plan. It is guaranteed to pay out…Read More
Planning For Now And For Later
It’s hard to believe that we’re coming to the end of another year! As we get ready to wrap up 2017, we’re getting lots of questions about the new tax law working its way through Congress, and how it will affect our clients. As I write this, the bill is in a joint committee, which…Read More
End Of Year Donations
As we approach the end of the year, our mailbox fills up with requests for money from all the charities we’ve ever supported and some we’ve never even heard of. As you evaluate your charitable giving for the year and figure out how much you want to donate, keep these tax tips in mind. 1. Qualified…Read More
Do I Need A Tax Planning Session?
As the end of the year approaches, you should consider a tax planning session. By checking now to make sure the right amount of tax is being withheld, you can avoid an unexpected tax bill next year. Here are five examples of taxpayers who would benefit from a tax planning session: • Did you receive a…Read More
Protecting Yourself After The Equifax Hack
Another day, another information breach. Ho hum, right? No. This one is different. Equifax estimates that identifying information for 143 million people has been hacked from their website. Chances are, it includes you. Even if you went to their website and it says it didn’t affect you, it’s time to start taking steps to protect…Read More
What Do We Do After Tax Season?
People ask us all the time what we do after tax season. Everyone’s filed their returns by April 15, right? So what are we doing the rest of the time? This is an interesting question, and there is no fixed answer. First of all, no, not everyone has filed their returns by April 15. A…Read More
Thinking About An IRA?
Did you contribute to an Individual Retirement Arrangement last year? Are you thinking about contributing to your IRA now? Have you done your taxes and aren’t happy with your bottom line? If so, you may have questions about IRAs and your taxes. Here are some IRS tax tips about saving for retirement using an IRA. Contributing…Read More