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...
by Andrews Tax Accounting & Bookkeeping | Jul 17, 2020 | Educational
Another Stimulus Check? Now that we are in July, a discussion of another round stimulus check has been circulating. Remember, back in June, Congress hinted that talks of another check would have to wait until July. What Changes We Might See? An extension of...
by Andrews Tax Accounting & Bookkeeping | Jul 9, 2020 | Educational
Feds May Simplify PPP Forgiveness Last week, the Senate approved an act that would streamline the PPP forgiveness process. The good news? The act would reduce the forgiveness application to one page for loans under $150,000. This new application would basically be...
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