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Huddleston Tax CPAs | Accounting Firm In Seattle

Huddleston Tax CPAs | Accounting Firm In Seattle

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Blog

handshaking a digital hand in compliance

March 24, 2023 By john

How To Ensure We All Pay Our Fair Share

In the US alone, we lose around $500 billion in taxes yearly. When you hear about people keeping money in offshore bank accounts to avoid paying taxes, it’s costs the economy a lot more than their individual sum – it’s costing billions of dollars over time.Offshore bank accounts are one of the

Filed Under: Taxes

cars entering and exiting seattle washington

March 17, 2023 By john

King County Property Taxes Pricing People Out Of Their Homes

Washington State has long been a desirable location for many individuals and families seeking a high quality of life. With its scenic landscapes, vibrant cities, and thriving economy, it is no wonder that so many people want to call this place -- and its neighborhoods -- a home. However, recent

Filed Under: Real Estate

March 10, 2023 By john

Will raising the minimum wage improve inflation?

If you're someone who works minimum wage, the idea of a pay raise is likely music to your ears. Opinions are divided on the question of whether raising the minimum will improve or worsen inflation however. Here's an overview of how wage hikes have affected the US and EU and what with differing

Filed Under: News

100 dollar bills in a pile

March 3, 2023 By john

Biden looking to raise billionaire taxes

As the United States grapples with issues of income inequality and economic fairness, President Biden has boldly proposed raising taxes on billionaires who currently pay 3% or less. This proposal was highlighted in his State of the Union address and has been a point of discussion ever since.

Filed Under: News

keyboard with the word "get me out of here"

February 24, 2023 By john

How to respond to a client suffering sticker shock

Sticker shock, or client objection over price, is something all salespeople deal with at some point in their careers. And, most entrepreneurs are their company's salespeople in their business' infancy. It is a feeling that the prospect wants to spend less money on the product or service, even though

Filed Under: Small Business

a woman holding a question mark in front of her face

February 17, 2023 By john

What are the most common questions CPAs get asked?

The role of a CPA is to help clients manage their finances and taxes. As an expert in accounting, you're expected to have answers for your clients when they have questions about their future, their business, and what to expect come tax day. The following is a list of some of the most common

Filed Under: accounting

data trendlines spikes and valleys

February 10, 2023 By john

What Kind Of Recession Are We Looking At?

This may come across as a hot take, but despite the gloom and doom broadcasted, the data appears to support that the current economic climate in the United States is looking favorable. Despite inflation, America teetering on the brink of its debt ceiling, and the numerous layoffs in tech industries,

Filed Under: News

modern home office setup with a man working at his computer in the background

February 3, 2023 By john

Who Can Claim A Home Office Deduction For 2022 Taxes?

A home office deduction is available to almost any business owner and is generally a deduction of up to $5,000 per year. However, the deduction does not apply if you're simply working from home during COVID.To make sure you qualify, check with your tax preparer because there are specific rules

Filed Under: Deductions

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