by Andrews Tax Accounting & Bookkeeping | Mar 23, 2022 | Educational
GoFundMe Tax Rules May or May Not Affect Your Tax Bill The GoFundMe tax rules shouldn’t determine whether you give to a good cause. And the GoFundMe tax rules shouldn’t necessarily keep you from accepting help. But you may keep from getting surprised on tax day if you...
by Andrews Tax Accounting & Bookkeeping | Mar 2, 2022 | Educational
Washington State Senate OKs B&O Tax Break, Plus Other Tax News The Washington State Senate has approved a B&O tax break for small business. Senate Bill 5980 would give a tax credit to businesses that gross less than $125,000 annually. That could translate into...
by Andrews Tax Accounting & Bookkeeping | Feb 9, 2022 | Amusement, Educational
Tax Crime All-Stars of 2021 Tax crime? You would never! But these folks did, and in various major and/or despicable ways. These are some of the Infamous All-Stars, Tax Evasion Division, of 2021. Easy Target: Stealing from a Non-Profit A New Mexico couple, Susan and...
by Andrews Tax Accounting & Bookkeeping | Feb 2, 2022 | Educational
Solar Energy Tax Credit Can Save You Big Bucks – But Hurry! The solar energy tax credit – officially the Solar Investment Tax Credit (Solar ITC) – gives an incentive for a win-win situation. The reduced emissions and lower carbon footprint from solar-generated...
by Andrews Tax Accounting & Bookkeeping | Jan 12, 2022 | Educational
Info on Filing Your Taxes and Getting the Fastest Refund Possible Getting the fastest tax refund? It’s the most (only?) exciting thing about filing taxes, and probably what you care about the most. So, if the IRS owes you money, here are some ways you can speed up the...
by Andrews Tax Accounting & Bookkeeping | Dec 29, 2021 | Educational
Donate by December 31 to Score a Charity Tax Deduction Getting a charity tax deduction is always great. But 2021 has some tax provisions that can give you extra savings – as long as you donate by December 31. Direct Charity Tax Deduction In the past, only taxpayers...
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