Our Blog
Investing in Gold
Investing in Gold is Hot Right Now, But There Are Pros and Cons Investing in gold may seem irresistible right now. The price reached a record high of more than $4,000 an ounce this week, and is up 54 percent year-to-date. Other metals, such as silver and platinum,...
Credit Cards to Finance Business
Using Credit Cards to Finance Business Carries Rewards and Risks Using credit cards to finance business has its place. During periods of tight borrowing, which we’re experiencing now, using credit cards can be a lifeline. But it also has a downside. The key is to...
Work Opportunity Tax Credit (WOTC)
Work Opportunity Tax Credit Helps Both Employers and Struggling Job Seekers The Work Opportunity Tax Credit (WOTC) is a federal tax credit for businesses that hire specific types of people who face extra challenges getting a job. The amount of the credit varies based...
Hiring Your Kids
Hiring Your Kids Has Benefits, But There Are Limits Hiring your kids has its benefits. For one thing, you’re putting money in your kids’ pockets that you can deduct as a business expense. (They do need to be performing actual work, though.) You can instill a sense of...
Hands-Off Investing
Hands-Off Investing Often Outperforms Micromanaging Hands-off investing refers to the “set it and forget it” mode of investing. That is, you put your money into mutual funds and then make only minor changes over the long term. Instead of reacting to fluctuations (or...
Small Businesses Can Use AI
Small Businesses Can Use AI to Fuel Success Small businesses can use AI? Well, the answer to that may be not only can they be using artificial intelligence (AI), but they should be, and soon. According to a survey by the U.S. Chamber of Commerce, 40 percent of small...
Credit Card Surcharges
Credit Card Surcharges Can Cover Fees but Turn Off Customers Credit card surcharges have become increasingly popular lately. At least among merchants. More and more frequently, companies are charging a fee to cover the cost of credit-card processing, but some...
Big Beautiful Bill Individual Tax Effects
Big Beautiful Bill Individual Tax Effects Impact Many The Big Beautiful Bill individual tax effects touch on a number of areas. Congress established some new tax provisions, eliminated some taxes, expanded some deductions and got rid of some others. Officially titled...
Big Beautiful Bill Business Tax Effects
Big Beautiful Bill Business Tax Effects Far-Ranging The Big Beautiful Bill business tax effects are significant. Congress established some new tax provisions, renewed some older ones, and made permanent some that were about to expire. Officially titled the One Big...
The End of the Penny
US Mint Announcing the End of the Penny The end of the penny is at hand. The US Mint announced that it will not produce pennies after it uses up its supply of metal blanks sometime in early 2026. It’s official: the government admits it will make no cents. What’s...
Unusual Tax Deductions
Unusual Tax Deductions that May Be Weird, But Still Pay Off Unusual tax deductions? Sometimes it feels unusual that we get any tax deductions at all. But if you itemize like some past taxpayers, these deductions, though a little strange, can save money come tax time....
Paid Sick Leave in Washington
Paid Sick Leave in Washington Cover Workers for Variety of Needs Paid sick leave in Washington is available for practically every employee in the state. You’re covered whether you’re a full-time or part-time worker, as well as a temporary or seasonal worker. Employees...
Offer In Compromise Could Lower Your Tax Debt
Offer In Compromise an Agreement to Pay IRS Less Than What You Owe Offer In Compromise – it may sound too good to be true. But if you qualify, it is possible to set up an agreement with the Internal Revenue Service to settle your tax debt for less than the full...
News Briefs: Cascade’s Best Voting, BOI, Minimum Wage
Cascade’s Best Voting Has Begun, and Changes to BOI, Minimum Wage Cascade's Best Voting – Andrews Accounting Up for Honor After winning in 2024, Andrews Accounting has been nominated again for Best Accounting Firm in the Cascades Best survey. Thank you for nominating...
Washington Secretary of State Scam
Business Entities Claims to Represent Washington Secretary of State in Scam A private company is claiming to represent the government in a Washington Secretary of State scam. Bogus letters demanding excessive fees to renew registration with the Secretary of State...
When to Buy Your Christmas Tree
Price Factors in On When to Buy Your Christmas Tree Do you put a lot of thought into when to buy your Christmas tree? Many people don’t – they automatically get a tree over the Thanksgiving weekend. But does that maximize your leafy green tree dollar? Read on. When to...
Accountants at Pooh Corner
The Andrews Accounting Crew Embraces Winnie the Pooh for Halloween 2024 Halloween 2024 struck a literary mood as Andrews Accounting used the children's classic Winnie the Pooh for costume inspiration. As always, the entire office dressed up, then visited our...
Solo 401(k), SEP and SIMPLE IRA
Solo 401(k), SEP and SIMPLE IRA offer great self-employed retirement options Solo 401(k), SEP and SIMPLE IRA are three great options for self-employed business owners and their employees. Even if you’re a sole-proprietor or independent contractor, one of these plans...