2019 Year-End Tax Planning Letter

2019 Year-End Tax Planning Letter Dear Clients and Friends, Although it has been almost two years since we have seen any major tax changes, there are a few changes for 2019 (and some prior year changes we are still getting used to) that you may want to consider as you plan for the end of … Continued

Annuity Option for Pension Plan Payouts

The following is a summary of an important tax development that has occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize … Continued

Simplified Per-diem Increase for Business Travel

The following is a summary of an important tax development that has occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize … Continued

Research Credit for Internal Use Software

The following is a summary of an important tax development that has occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize … Continued

Last Minute Plan to Reduce Estate Taxes

In April, my mom was diagnosed with Stage 4 cancer and told she might not be alive to celebrate the Christmas Holidays. My sister took over the medical advocacy role and I became the financial point person.  It gave us a place to focus our attention in this time of grief. I want to share … Continued

Post-Election Tax Letter

Any change in Presidential Administration brings the possibility, indeed the likelihood, of tax law changes and the election of Donald Trump as the 45th President of the United States is no exception. During the campaign, President-elect Trump outlined a number of tax proposals for individuals and businesses. This letter highlights some of the President-elect’s tax … Continued

Loss Deductions for Ponzi Losses

The following is a summary of an important tax development that has occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize … Continued

Washington State Tax News and Updates

Nexus Updates Nexus Standards for Wholesale Sales With the passage of SB 6138 this past year by the Washington State Senate, wholesalers with sales into Washington are subject to a new set of nexus standards. Specifically, these businesses will be subject to the wholesaling B&O tax on Washington wholesale sales if they are “organized or … Continued

The Hidden Medicare Tax

Most of us are familiar with the taxes that fund Medicare—1.45% of our salary is withheld, and a matching amount is contributed by our employer. Those who are self-employed pay the full 2.9%.  Those with salaries or self-employment income over the threshold amount ($200,000 for single persons, $250,000 for married persons filing a joint tax … Continued

Be alert to the signals of financial statement fraud

Financial statement fraud has been defined as the deliberate misrepresentation of the financial health of the company – either by intentional misstatements or omission of dollar amounts within the company’s financial statement. Without access to the internal books of the company, it’s difficult for an outside user to detect fraud. But there are certain signals … Continued

/ trusted / skilled / committed /