
tips and more
read the blog
Give Back and Save: How Charitable Contributions Can Lighten Your RMD Tax Load
If you're at the age where you need to start taking required minimum distributions (RMDs) from your retirement accounts, you might be wondering how to minimize the tax impact of these withdrawals. One effective strategy is to make a charitable contribution using your RMD.
Transferring a Rental Property to an LLC: Steps, Pitfalls, and Important Considerations
We get asked often, “How do I transfer a rental property to a Limited Liability Company (LLC)” The process can offer various benefits, including liability protection. However, the process is not without its challenges.
Understanding Mandatory Tips and Excise Taxation in Washington State
When it comes to tipping in the service industry, the distinction between mandatory and voluntary tips plays a significant role, especially in Washington state where different tax rules apply to each.
Surprise! You Owe the IRS: The Not-So-Fun Side of the Health Insurance Premium Tax Credit
The Premium Tax Credit (PTC) is a fantastic way to make health insurance more affordable. But what happens when you find out you owe some of that credit back at tax time?
Soaring to Success: Key Metrics Every Business Should Track for Growth and Profitability
In the world of business, success requires more than just taking flight; it demands keen observation and strategic adjustments, much like a bird navigating the skies.
The Importance of Controls in the Accounting Process
Imagine this: your company’s internal accountant, Jane, has been diligently running the payroll for years. Everyone trusts her because she’s efficient and reliable. But unbeknownst to anyone…