Our Blog
Tax Tips for Selling Your Home
These Tax Tips for Selling Your Home Could Save You Thousands Uprooting yourself and moving somewhere new can be tough. But facing a big tax bill because of it can be even more, well, taxing. That’s why we’re offering these tax tips for selling your home. Excluding...
Working Families Tax Credit
New Working Families Tax Credit May Give Washington Families Up to $1,200 The Working Families Tax Credit is a new program designed to help low-income individuals and families. Washington has no state income tax, so how does the credit work? The Working Families Tax...
Where in the World is Les?
Les Snuck Out of the Office as Tax Season Started Co-workers Quiety Hate Him Where in the world is accountant Les? Well, now he's back in the office. But last week he snuck off to Mexico, traveling all around southern Baja. Why did everyone let him do it? Well, he...
Inflation? These Prices Are Going Down!
Despite Hefty Inflation, Prices Are Going Down on Some Items Prices going down? With inflation filling the news and hitting the wallet, it may seem hard to believe. But it’s true: prices are going down on some items. That’s according to the latest Consumer Price Index...
Should You Make Estimated Tax Payments?
Estimated Tax Payments Now Could Save You in the Long Run Estimated tax payments are a way to pay as you go so you won’t be hit with a scary tax bill when you file. What’s more, if you make estimated tax payments (usually each quarter, or every three months), you can...
Washington 2023 Minimum Wage & Other Employment Changes
Starting January 1, Washington 2023 Minimum Wage and Salary, Job Listings and PFML Will Change Washington 2023 Minimum Wage and Minimum Salary The State of Washington 2023 minimum wage is going up to $15.74 an hour starting January 1, 2023. The Department of Labor...
Decking the Halls
Decking the Halls at the 'Counting House We may work in a 'counting house, but there's no Scrooge here. OK, it's accounting office, and it has an open floor plan with no halls. But we're decking the halls, OK? Decking the Halls, part 1 The first step is to get a tree,...
Buy NOW for your maximum vehicle deduction in 2022
Your Maximum Vehicle Deduction Could Be 100 Percent If You Hurry Your maximum vehicle deduction could save you big bucks on next year’s taxes. Using Section 179, you can expense up to 100 percent of cost of a vehicle if placed in service (not just purchased) before...
Happy Halloween from Wonderland
We Have a Happy Halloween Adventure with the Accountant in Wonderland Happy Halloween! We try to keep the spirit of Halloween (ooh - spirits! scary!) alive year 'round here at Andrews Accounting. I mean, have you seen the mountain of candy we keep on our coffee table?...
What to Do When You Get an IRS Letter
Don’t Panic When an IRS Letter Arrives IRS letter can feel like a scary thing. But it doesn’t have to be. Here are steps to take when that ominous envelope arrives. Don’t Ignore an IRS Letter Whether or not the letter has bad news, the situation isn’t going to...
Late Tax Filer Break
Late Tax Filer Break on Penalty for 2019, 2020 Returns The Internal Revenue Service is giving a late filer break to many taxpayers. The penalty relief is for those who filed their 2019 and/or 2020 tax returns past the deadline. The late filer tax break is aimed toward...
You Need a Business Plan
You Need a Business Plan Both to Get Started & to Grow You need a business plan. How many times have you heard that when you say you want to start a business? If you still don’t have one, you haven’t heard it enough. Why Do You Need a Business Plan? At the most...
Accountants the Best Kissers
Survey Puts Accountants at Top of List Accountants the best kissers? Don’t just take our word for it. A British dating site conducted a survey of 2,000 people, asking which professionals are the top smooch artists. Not surprisingly – at least to us – the survey named...
Flexible Uses for Your Roth IRA
Uses for Your Roth IRA Go Beyond Retirement Uses for your Roth IRA? Well, the primary use is for retirement, of course. But there are other life events when having a Roth IRA can come to the rescue. The Swiss Army Knife Retirement Account? The financial versatility of...
Working Washington Grants Round 5
Working Washington Grants Round 5 Applications Start August 17 The state starts accepting applications for Working Washington Grants Round 5 starting August 17. The Washington legislature is making $70 million in grants available for businesses that have suffered...
Winning the Lottery
Winning the Lottery: How Much Do You Actually Get Winning the lottery is the lottery is the (day)dream of just about everyone. The current MegaMillions jackpot (around $1 billion as of today) has a lot of people doing more than dreaming about it. The odds of a single...
Preparing for Recession as a Small Business
Preparing for Recession Can Help You Survive, Even Prosper Preparing for recession as a small business is vital. Many small businesses live and die with small changes in the economy. But a recession – when the economy stops growing and starts shrinking – can mean a...
Tax Return Delay Continues
IRS Is Struggling with a Huge Tax Return Delay Tax return delay is the bane of any taxpayer. Those who owe are waiting for the other shoe to drop – their payment going through. While those taxpayers who are due a refund are understandably anxious to get their money....