Need a current 2021 tax planning checklist to ensure you’re prepared for the next tax year? We have you covered! All too often, taxpayers wait until after the close of the tax year to starting thinking about their taxes. Thus miss opportunities that could significantly reduce their tax liability or (better!) financially benefit them. Mid-year …
Tax Central
Live Updates: The Latest News for Taxpayers and Small Business Owners
Keep up to date with the latest news for taxpayers and small business owners. These headlines reflect the top changes in tax law that could affect the taxes and finances of the majority of our clients. Check back to stay informed on the top headlines, law changes, tax proposals, and much more. Here are some …
Live Updates: The Latest News for Taxpayers and Small Business OwnersRead More
Video Tip: A Quick Look into Higher Education Tax Credits
Higher Education Tax Credits can help offset the expensive cost for college and other learning institutions. Do you have a student attending university? Or perhaps your child is soon graduating from high school? Either way, you may want to learn more about these federal tax credits that can help. In this video, we will discuss …
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New Mandated Payroll Tax to Pay for Long Term Care Benefits in Washington State
Long term care benefits are soon to be funded, in part, by a payroll tax in Washington state. The Long-Term Services and Supports Trust Program (LTSS Program), now called the WA Cares Fund, is designed to help pay for long-term care of Washington residents. To summarize: Starting January 1, 2022, a 0.58% premium assessment will …
New Mandated Payroll Tax to Pay for Long Term Care Benefits in Washington StateRead More
Contemplating Refinancing Your Home Mortgage? Things You Should Consider
Considering refinancing your home mortgage? With mortgage rates at historic lows, it may be a very appropriate time for this. However, refinancing isn’t always the best plan, even though mortgage rates are low. This is because a number of issues must be considered when refinancing. Cost of Refinancing your Home Mortgage Refinancing your home mortgage …
Contemplating Refinancing Your Home Mortgage? Things You Should ConsiderRead More
Minimize Tax On Social Security Benefits
If you’re looking to minimize tax on Social Security benefits, this article can help. Whether or not your Social Security benefits are taxable depends on a number of issues. Let us help you understand the taxability of your Social Security benefits and at what amount. For this discussion, the term “Social Security benefits” refers to …
Relocating? How To Move with Taxes In Mind
There are so many things to consider when one is ready to move to a new neighborhood, but one item that should be at the forefront is how to move with taxes in mind. If you’re thinking about relocating, you’re not alone. Americans are on the move for a variety of reasons, but here are …
Charity Auctions and Tax Deductions
Summer is the season when we receive the most questions regarding charity auctions and tax deductions. If you’re not already familiar with the practice, this is where charities to hold auction events. Attendees at these events bid on and purchase items on display. The items available to bid are usually donated to the charity holding …
How to Defer Taxes Using Installment Sales
Looking to defer taxes using installment sales? It’s a great option, as long as you know the right steps to take in the right order. Generally, selling property that one has owned for a long period of time frequently results in a large capital gain. Reporting all of the gain in one year generally means …
