On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes. Among them include the retroactive extension of certain tax provisions that expired after 2017 or were about to expire, several retirement and IRA plan modifications, and other changes that will, as a whole, …
Tax Blog
The Difference Between An Audit, A Review, And A Compilation
When it comes time for financial documents to be confirmed, the three options available are an audit, a review and a compilation. Each of these represents a very different degree of effort and investigation, and therefore each provides differing levels of confidence for investors and lenders. Let’s take a closer look at all three. The …
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Video Highlights Of Recent Tax Law Changes
It’s a great time to review the various changes that impact 2019 tax returns. Watch this video for details, or read our recent post about Tax Changes for 2020.
February 2020 Individual Due Dates
February 1 – Make Your Tax Appointment If you don’t already have an appointment scheduled with this office, please call us at (360) 778-2901 to make an appointment. February 10 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during January, you are …
Tax Planning Strategies for Small Business Owners This Year
Everyone needs a bit of planning to help with taxes. However tax planning strategies for small business owners can put you ahead of the game in a multitude of ways. If you are a small business owner, every penny of income counts. This means that you not only want to optimize your revenue, but also …
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February 2020 Business Due Dates
February 10 – Non-Payroll Taxes File Form 945 to report income tax withheld for 2019 on all non-payroll items. This due date applies only if you deposited the tax for the year in full and on time. February 10 – Social Security, Medicare and Withheld Income Tax File Form 941 for the fourth quarter of …
Video Tips On Working With A Partner or Cofounder
If you’re working with a partner or cofounded, be aware. The number-one threat to your business isn’t an external factor at all. It’s the people you started that business with – specifically partners, or cofounders.` Watch the video to learn more.
How the Appropriations Act of 2020 May Affect You
On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including retroactively extending certain tax provisions that expired after 2017 or were about to expire, a number of retirement and IRA plan modifications, and other changes that will impact a large portion of …
Tax Changes For 2020
A new year means a whole new set of tax laws to follow. Thankfully, many of these tax changes for 2020 can put more money in your pocket. The following article shares the most important tax changes for 2020 so you can make the best choices over the course of the year. This list details …
