by Andrews Tax Accounting & Bookkeeping | Jan 16, 2020 | Educational
Sole Proprietors and Partnerships The salary of business owners depends on the entity of the business. Sole proprietors and partnerships pay themselves by taking money out of their business’s bank account. What About Other Entities? Limited liability company (LLC)...
by Andrews Tax Accounting & Bookkeeping | Jan 8, 2020 | Educational
In Other Words, When Will the IRS Accept Tax Returns? This does not mean that you have to wait until January 27th to file your taxes. You can file then as soon as possible, but your return will not be processed until the 27th. Additionally, the extension deadline for...
by Andrews Tax Accounting & Bookkeeping | Jan 1, 2020 | Educational
What are Mileage Rates? Mileage rates are used for taxpayers to be able to deduct the costs of operating a vehicle for business, medical and various other reasons. Every year the mileage rates change so there are new 2020 mileage rates. What are the New 2020 Mileage...
by Andrews Tax Accounting & Bookkeeping | Dec 16, 2019 | Educational
Moving! photo from David Goehring. When Are We Moving? We are moving three doors down from our current office. The new address will be 2620 N Harbor Loop Drive, Suite 21, Bellingham, WA 98225. Why Are We Moving? The new office will be twice as big as our current...
by Andrews Tax Accounting & Bookkeeping | Dec 4, 2019 | Educational
What’s The Best Present You Can Give Yourself This Holiday Season? Getting your taxes in order before tax season! How do You Prepare For Tax Season? The first step is figuring out if you want to take the standard deduction or itemize. More and more taxpayers are...
by Andrews Tax Accounting & Bookkeeping | Nov 27, 2019 | Educational
Why Keeping Records up to Date is Key In late August, a taxpayer named Suresh Hatte went to the tax court in regards to his 2014 and 2015 tax returns. Hatte received a note of deficiency in 2018 for large deductions in regards to car expenses/mileage. A note of...
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