by Andrews Tax Accounting & Bookkeeping | Sep 24, 2020 | Educational
PPP Forgiveness News: Some Bankers Say Wait, Lenders Getting Ready, IRS Announcement The latest PPP forgiveness news reports some bankers advising borrowers to wait on applying for PPP loan forgiveness. Also, many banks are still readying their digital PPP forgiveness...
by Andrews Tax Accounting & Bookkeeping | Sep 16, 2020 | Educational
It’s Important To Know If Your Paid Help Is An Employee Or Contractor Is your new paid help an employee or contractor? There are a few easy ways to figure out the answer – and that answer is important. When you hire an independent contractor, you pay them an...
by Andrews Tax Accounting & Bookkeeping | Sep 9, 2020 | Educational
IRS Strategy Targets Small Business Non-Filers to Fill Tax Gap The Internal Revenue Service says it’s missing $39 billion in lost taxes. With spending on the rise, the government sorely misses that lost revenue. So to find it, it’s going after the little guys. A new...
by Andrews Tax Accounting & Bookkeeping | Aug 19, 2020 | Educational
Tax Agency Hasn’t Processed Thousands of Checks Mailed to Pay Taxes You owed taxes, so you mailed in your check along with the voucher. So why has the IRS now sent you a tax notice? And why are they charging you penalties and interest, too? Could it be that our...
by Andrews Tax Accounting & Bookkeeping | Aug 7, 2020 | Educational
If you track your mileage it can pay off big at tax time. Maybe you don’t drive for Uber or Lyft (or maybe you do), but using your car for business is still an expense. Driving to meet a client? Dropping a shipment off at the post office? Making a sales call? Track...
by Andrews Tax Accounting & Bookkeeping | Jul 22, 2020 | Educational
Companies Can Receive Up To $15K In Free Aid More Covid-19 help is on the way for local companies. You can apply for Whatcom REstart grants designed to help recover from economic injury due to the pandemic. The county-wide initiative will issue up to $2.6 million in...
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