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Recording Cryptocurrency
IRS vs. Coinbase Cryptocurrency has been around for a while. A few years ago, the IRS demanded the personal information of users of Coinbase, a digital currency exchange. Eventually, Coinbase had to hand over the information in a court ruling. Do you know why this...
Taxes, Construction, and now Transportation…What Can’t Dogs Do?
You may remember the various dogs around Bellingham that really help out at their owner's small businesses. Well, there is another one. We are proud to introduce Pig. She provides the employees of Terpene Transit with companionship and security. Here Pig is preparing...
Looking Back at a First for Female CPAs
Photo Courtesy of Rawpixel Did you know two of the oldest minority-led accounting firms have joined forces? Mitchell & Titus was founded by Bert N. Mitchell in 1974. The firm Washington, Pittman & McKeever was founded in 1939 by Mary T. Washington, the first...
Even Tony Hawk Needs an Accountant
Photo courtesy of TimothyJ Recently, the professional skater Tony Hawk addressed the AICPA (American Institution of Certified Public Accountants). There Hawk discussed how his risky career coupled with accounting. And the truth is Hawk has had ups and downs. It...
Happy Independence Day!
"Taxation Without Representation is Tyranny" - James Otis Today is Independence Day, but do you remember what started this celebration? Taxes. The thirteen colonies of North America felt overtaxed by Britain, so they revolted. So, we know how the colonists felt about...
The Supreme Court’s Ruling on Sales Tax
Photo courtesy of John Brighenti Last Thursday, the Supreme Court, in a pretty close decision, changed the commercial construct for sales tax. Prior to this ruling, states could not collect sales tax from companies not physically present in the state. Now states can...
Are Dogs Taking Over?
Some Exceptional Dogs You may remember back in tax season when Emy was wiping out tax returns. Well, she is only one of the many extraordinary puppies out there. Take, for example, Maggie from Sound Construction. She can easily operation complex construction...
When is the IRS Really the IRS?
Know the Signs of a Scam Tax season may only consist of a few months but tax scammers work year-round, so it is important to know the tell-tale signs of an IRS scam. Here are a few tips to spot a scam: Caller ID is not fact. People can manipulate caller ID to appear...
Tips for Next Tax Season
Photo courtesy of Rawpixel How Should Business Owners Prepare for Next Tax Season? The average person may not have to think about taxes up until the tax deadline, but that is not true for business owners. Here are some keys to a successful season:...
NEW Client Spotlight: Mr. Frank’s Spice Co.
Andrews Tax Accounting is Proud to Showcase our Client Mr. Frank’s Spice Co. At first glance, you may think Mr. Frank’s Spice Co. is just your run-of-the-mill spice producer, but the company stands for much more than that. It is a legacy. Founder, Lisa Campbell,...
Who is the Mastermind Here?
Who is the Mastermind? You may have thought that the mastermind behind Andrews Tax Accounting was Jeri Andrews, but you would be wrong. The true brain of the company is none other than Emy. As you can see, Emy is very capable of using programs like QuickBooks. Links...
Why Every Business Owner Needs a Business Bank Account
Reasons to Have a Business Bank Account The following is a few reasons why every business owner needs a separate bank account for business transactions. Image-Writing checks or accepting payments through a personal account makes a company appear new, inexperienced,...
How Does Reshaping the IRS Help You?
Improvements to Hopefully Come Recently, legislation has been brought to Congress to redesign the Internal Revenue Service into a taxpayer-first agency. Taxpayer-first means the agency will focus on service instead of just enforcement and collections. Not only that,...
What Clients Want From Their Accountant
Considerations To Make Before Choosing Clear Books, a software company similar to Intuit, conducted a survey of small businesses in the UK to determine the needs of business owners in regards to their accountants. Image by Clear Books {http://ow.ly/xDVA30jIRXR} Clear...
Business Deductions Most Business Owners Can Make
Possible Deductions Business owners can make many deductions for their expenses. Below are a few of the most common deductions, but these are certainly not all the deductions business owners can make. Rent Expenses Most businesses can deduct their rent expenses if...
Do You Need to Outsource Accounting?
Why Should You Outsource? The biggest determination of whether to hire an in-house accountant or to outsource comes down to price. The salary of a full-time accountant is roughly $60,000 a year. The salary of a full-time bookkeeper is around $45,000 a year. So, hiring...
How are the Goals of the UN Similar to an Accountant’s?
The Goals of the United Nations and the Accounting Industry The United Nations' assembly agenda has 17 sustainable development objectives aimed to be achieved by 2030. You may be wondering “Why is an accounting firm discussing UN goals?” Well, many of the intentions...
The Most Common Misconceptions of Tax Preparers
Untrue but Common Misconceptions Recently, Accounting Today, a trade magazine, collected the many misconceptions about tax preparers. The following is a list of common beliefs the public has towards tax preparers. All tax preparers are equal - This is the most...