by Andrews Tax Accounting & Bookkeeping | Jul 24, 2019 | Educational
The Drafts The IRS recently posted drafts for Form 1040 and the tax return for senior citizens (Form 1040-SR) for the next tax season. The once postcard-sized Form 1040 is now almost a full-page, since the income reconciliation schedule return to the first page....
by Andrews Tax Accounting & Bookkeeping | Jul 3, 2019 | Educational
An Appropriations Bill The House recently approved an appropriations bill for a 3.1 percent pay increase for federal workers which includes IRS employees. Additionally, the bill increases funding to taxpayer services by $67 million and aims to modernize business...
by Andrews Tax Accounting & Bookkeeping | Jun 26, 2019 | Educational
A New Cryptocurrency Facebook recently announced its new cryptocurrency, Libra. What is the Aim of Libra? The currency aims to help those who do not have access to banks, as well as to be a payment option that can be used worldwide. What’s the Catch? To use Libra, you...
by Andrews Tax Accounting & Bookkeeping | May 15, 2019 | Educational
The Act 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. How Will it be Funded? The law will be funded through a payroll tax of 58 cents on every $100 of income. How...
by Andrews Tax Accounting & Bookkeeping | Apr 17, 2019 | Amusement, Educational
Maurice Dreicer Want to deduct your personal meals? Well, that’s what Maurice Dreicer did. Business-related meals and entertainment (included in compensation) are one hundred percent deductible. Additionally, the expenses are not supposed to be extravagant. Now back...
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