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Keep up to date with what we’re up to, as well as, industry news, financial tips and more! Come back every Wednesday for new updates!
The PPP Flexibility Act

The PPP Flexibility Act

The Legislative Branch Yesterday, the Paycheck Protection Program Flexibility Act, a bipartisan bill, passed in the House of Representatives.  The bill is expected to pass in the Senate, as well. Two Big Changes The first change to PPP loan forgiveness involves...

Unemployment Benefits

Unemployment Benefits

Eligibility And Benefits If you were laid-off, furloughed or your place of business shut down due to COVID-19, you are eligible for unemployment benefits from Washington state and the federal government. The Employment Security Department (ESD) of Washington State has...

PPP Updates

PPP Updates

PPP Loan Forgiveness Updates A stipulation to have a PPP loan forgiven is to prove COVID-19 has had a negative impact no your business. Recently this condition was nullified for small businesses with PPP loans less than $2 million. Other conditions still hold though....

PPP Loans and Deductions

PPP Loans and Deductions

Business Deductions and PPP Loans Tax deductions are subtracted from your adjusted gross income which results in paying a lower amount in taxes. Businesses can take advantage of many deductions to reduce their tax bill. Some common deductions for businesses are...

Some Good News

Some Good News

Julia Got Married In lieu of these times, some good news is overdue. Our newest member of the Andrews clan, Julia, was kind enough to share some of her wedding photos. A few weeks ago Julia tied the knot with her now-husband, Brandon. Here are some of the photos which...

Tracking Stimulus Checks

Tracking Stimulus Checks

Stimulus Checks This week marks the third week of the IRS depositing stimulus checks directly into taxpayers’ bank accounts. If you have not received your stimulus check it is probably due to one of the following reasons: you are not eligible for a stimulus check, you...

When Can You Expect a Relief Payment?

When Can You Expect a Relief Payment?

The CARE Act The Care Act gives a relief payment of $1,200 to adults that make no more than $75,000 annually. This applies to couples that make $150,000 annually (in which the relief would be $2,400). Also, each child under 17 years-old amounts to an additional $500...

Small Business Loans

Small Business Loans

The CARES Act Part of the relief from the CARES Act is for small businesses. To keep workers employed and small businesses open, $350 billion dollars has been allocated towards small businesses. Additionally, these loans may be forgiven if small business owners...

An Act and Taxes

An Act and Taxes

Part of the CARES Act Each adult will receive $1,200 ($2,400 for couples) in relief and $500 per child. Relief payments are based on your adjusted gross income reported on your 2019 tax return. Some ineligible payments include children of the age of 17-18 years old,...

New Tax Deadline

New Tax Deadline

Tax Season Extended Tax Day has been moved from April 15th to July 15th. So, not only do taxpayers have more time to file their business and personal returns, but no penalties or interest will accumulate between April and July as well. Small Business With request the...

Breakfast During Tax Season

Breakfast During Tax Season

The Goodies At Breakfast With the stress of tax season, we decided to relax with a team breakfast. We all brought homemade treats such as cinnamon rolls, french toast, muffins, eggs bacon, and fruit. Links Learn more about our services here! Lastly, follow us on...

Tax Credits, What Are They?

Tax Credits, What Are They?

What Are Tax Credits? Tax credits are used to offset what you may owe in taxes. There are two types of these credits. Nonrefundable Credits Nonrefundable credits offset your tax bill and can go as far as getting you a refund. But your refund can only be as much as you...

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