Our Blog
Per Diem Rates in 2020
Every fiscal year the IRS releases new per diem rates. Per diem rates are for business travel.
The S Corporation “Loophole”
First off it is not really a loophole and it has to do with how the owners of an S corporation take money out of their business.
The Home Office Deduction
The home office deduction allows taxpayers with an office in their home to deduct expenses related to said office. Learn more in the link!
Tidal Vision
Last week, we had the honor of touring the Tidal Vision office and production facilities. Learn more about what Tidal Vision does!
How Can QuickBooks Automate Your Business?
Automation is a normal part of business life. From signing documents electronically to linking your credit card(s) to QuickBooks bank feed.
Redecorating the Office
If you have been to the office you have seen some kid art. Prepare for more! The kids have been busy coming up with even more creative images.
Jeri’s Birthday!
Happy Birthday Jeri! We went to On Rice to celebrate! Links Learn more about our services! Check out our Twitter!
Payroll Taxes
Payroll taxes are taxes on the wages of employees which are used to fund social programs (e.g. Social Security and Medicare).
Sin Taxes
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.
Oregon and Sales Tax
Oregonians witnessed another surprise in regards to sales tax this past July. If you didn’t know, Oregon does not collect sales tax.
Happy Birthday Taryn!
Last week we celebrated Taryn’s birthday at Aslan Brewing Company with great drinks and great food. Happy birthday Taryn!
IRS Looks to Update Form 1040
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.
Accountant-Client Privilege?
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.
Charitable Giving
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).
Happy 4th of July!
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.
IRS Employees Rejoice
The House recently approved an appropriations bill for a 3.1 percent pay increase for federal workers which includes IRS employees.
Libra, Facebook’s Currency
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.
Road Trip
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.