by Andrews Tax Accounting & Bookkeeping | Jun 26, 2019 | Educational
A New Cryptocurrency Facebook recently announced its new cryptocurrency, Libra. What is the Aim of Libra? The currency aims to help those who do not have access to banks, as well as to be a payment option that can be used worldwide. What’s the Catch? To use Libra, you...
by Andrews Tax Accounting & Bookkeeping | Jun 11, 2019 | Educational
Did You Know Intuit Has ProAdvisor Tiers? There are four tiers that are based on a points system. Silver is 0-199 points. Gold is 200-799 points. Platinum is 800 to 1599 points. The highest tier, Elite is when a ProAdvisor has 1600+ points. How do ProAdvisors Earn...
by Andrews Tax Accounting & Bookkeeping | Jun 5, 2019 | Educational
I Guess Not to Fax Soon the faxing of tax transcripts will come to an end, the IRS recently announced. This is a shame for fax lovers but the aim of the IRS is to decrease identity theft. Other avenues for a taxpayer to obtain their tax transcript is through the mail,...
by Andrews Tax Accounting & Bookkeeping | May 28, 2019 | Educational
The Horror Before programs like Excel, spreadsheets were filled in by hand. When a number was changed, any affiliated number also had to be changed, by hand. Nowadays, accountants are spoiled with Excel which updates changes to spreadsheets instantly. Who Invented the...
by Andrews Tax Accounting & Bookkeeping | May 22, 2019 | Educational
Intuit Intuit has recently come under fire for misleading taxpayers. Taxpayers who qualified to file for free were instead led to a paid option. Did you know, Intuit (along with other tax preparation software companies) have a free file option so the IRS does not have...
by Andrews Tax Accounting & Bookkeeping | May 15, 2019 | Educational
The Act Last Monday, Governor Jay Inslee signed the long-term care trust act into law. The law aims to help future taxpayers afford the cost of long-term care. How Will it be Funded? The law will be funded through a payroll tax of 58 cents on every $100 of income. How...
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