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Huddleston Tax CPAs | Accounting Firm In Seattle

Huddleston Tax CPAs | Accounting Firm In Seattle

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Blog

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August 12, 2022 By john

Creating A Retirement Plan When You’re Self-Employed

When you are self-employed, retirement planning can feel like an afterthought. It's easy to feel like there aren't enough hours in the day to tackle everything you need to do as an independent business owner. Even so, creating a solid retirement plan is essential. A strong retirement plan can help

Filed Under: Uncategorized

close up of a debit card with various coins from all around the world on top

August 5, 2022 By john

How to Survive During an Economic Downturn

When an economic downturn happens, it can have a significant impact on people’s lives. Financial hardship caused by a recession can affect your ability to meet basic needs like housing, food, and fuel. We all know that bad times won’t last forever, but what can you do if you're facing financial

Filed Under: Uncategorized

July 29, 2022 By john

Teaching Your Kids To Save Money 

There are plenty of people who believe that "saving" for the sake of "saving" is bad practice. Many have had grandparents that encourage spending while you're young. And while everyone situation is unique, the reality is learning to save money affords more opportunities.Yes, inflation is

Filed Under: money saving

mid-shot of a man’s torso pulling out the inside of his pant’s pocket revealing that they’re empty inside

July 22, 2022 By john

Ways To Save During Inflation

Inflation is a continuous and prolonged increase in the general price of goods and services. As we're due for another recession, most people's standard of living decreases due to the rising costs of essential goods and services, such as food, housing, education, clothing, and healthcare -- gas

Filed Under: money saving

closeup of a handshake between two people with a house in the background

July 15, 2022 By john

Types Of Deductible Expenses When Selling Your Home 

When selling your house, you’ll likely incur various expenses. These costs are usually one-time, and in most cases, they’re not eligible for the home seller tax deduction. However, some of these expenses might be deductible if they meet the IRS rules concerning the sale of your home.Repairs and

Filed Under: Real Estate

a pug wrapped upu in a thin blanket on a hiking trail

July 8, 2022 By john

Pets as Tax Deductible: What You Need to Know 

Pets can be expensive, but some pet owners may be able to recoup some of those costs through the tax code. In many cases, pet ownership can be a personal expense for which the owner may qualify for a tax deduction. Understanding the nuances and restrictions of this deduction can help pet owners save

Filed Under: Deductions

a hand drawing a red line along the curve of a bar graph

July 1, 2022 By john

Inflation Is Not Getting Better Any Time Soon 

Inflation is the increase in prices in an economy. In other words, it is a loss of purchasing power for money. It means that people need more money to buy the same things they were able to buy without issue previously. It is one of the reasons why people are not hopeful about the economy right now.

Filed Under: News

two adjacent stacks of files in a shelf

June 24, 2022 By john

The IRS Is Finally Clearing The Backlog Of Tax Returns 

2020 and 2021 were some of the most challenging years for the Internal Revenue Services (IRS). The pandemic caused many delays and resulted in a backlog of tax returns. Millions of taxpayers experienced a plethora of uncertainties, especially those who were getting refunds.During the first

Filed Under: News

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