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Payroll taxes are taxes on the wages of employees which are used to fund social programs (e.g. Social Security and Medicare).
Sin taxes are taxes on products that are considered undesirable or harmful. Some examples of items with a sin tax are alcohol, tobacco, sugar, candy, etc.
Oregonians witnessed another surprise in regards to sales tax this past July. If you didn’t know, Oregon does not collect sales tax.
Last week we celebrated Taryn’s birthday at Aslan Brewing Company with great drinks and great food. Happy birthday Taryn!
The IRS recently posted drafts for Form 1040 and the tax return for senior citizens (Form 1040-SR) for next tax season. The once postcard-sized Form 1040 is now almost a full-page.
Sort of. In title 26 of the Internal Revenue Code, it states accountants and their clients have the same privilege as attorneys. But there is a catch.
Since 2006, Warren Buffett has been a victim of charitable giving. This year he is donating $3.6 billion of his stock (more than last year).
This 4th of July, Americans will spend billions of dollars on food and entertainment. What’s interesting to look at is how these ventures will be taxed.
The House recently approved an appropriations bill for a 3.1 percent pay increase for federal workers which includes IRS employees.
Facebook recently announced its new cryptocurrency, Libra. The currency aims to help those who do not have access to banks and to be a payment option used worldwide.
An employee of Andrews Tax recently became a first-time homeowner. So, we had to take a road trip to see the house, dogs included.
There are four ProAdvisor tiers which are based on a points system. Silver is 0-199 points. Gold is 200-799 points. Platinum is 800 to 1599 points…
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.
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.
Intuit has recently come under fire for misleading taxpayers. Taxpayers who qualify to file for free were instead led to a paid option.
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.
What do you think about soda taxes? Our neighboring city, Seattle, has a soda tax that took effect at the beginning of 2018.