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Huddleston Tax CPAs | Accounting Firm In Seattle

Huddleston Tax CPAs | Accounting Firm In Seattle

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Taxes

stacks and stacks of papers

October 15, 2021 By john

Does the IRS Forgive Taxes After 10 Years?

The Internal Revenue Service (IRS) is an agency that deals with tax collection, and administers the Internal Revenue Code enacted by congress. It is the responsibility of law-abiding citizens to pay taxes as authorized by the government. Below are the following things you need to know. Are Ten

Filed Under: Taxes

a tape measure wrapped around a leather wallet

September 24, 2021 By john

What Is Disposable Income?

One of the most important things you can do to improve your overall quality of living is to sit down and determine how much disposable income you have available to you on a regular basis. The first challenge is an inherent one and that comes from misconceptions on what the term really means.  It

Filed Under: Taxes

a hand holding a check beside tax forms and a calculator open on their phone

September 3, 2021 By john

What To Expect For The 2022 Tax Season

Federal income taxes seem ever-changing and shrouded in a veil of vague rules and complicated math. Tax season offers relief for some, as they anticipate extra funds for the year. But for others it is a time of stress as they wonder how much they owe the federal government. But what if the veil

Filed Under: Taxes

hand drawing through a maze surrounded by crumpled paper

April 2, 2021 By john

Why Are Taxes So Complicated?

In a number of industries, language serves as the barrier of entry. If you study law, then codes, laws, and court cases become second-nature. If you join the military, your concept of the alphabet can change over the course of boot camp. And even if you just jump into a startup, there's undoubtedly

Filed Under: Outsourcing Accounting, Small Business, Taxes

man pulling out dollar bills from his wallet

September 4, 2020 By john

How To Know If I Owe More Taxes

In December 2017, tax Cuts and job cuts were enacted in the United States by the department of revenue. This resulted in a change in the direction employers take to determine the amount of income tax that is to be deducted from your salary. Many Americans did not know that the W-4 forms required an

Filed Under: Taxes

hand holding stopwatch over a pile of one dollar bills

July 31, 2020 By john

Missed the Deadline? What to Know if You’re Filing Your Taxes Late

You might be wondering whether or not you're about to face federal penalties for failing to file your tax returns by the due date. If that's the case, A) you should contact our CPAs right away, but B) don't panic. Here's some of the facts you should to know. First, penalties apply if you owe any

Filed Under: Taxes

stack of gambling chips and dice

February 28, 2020 By john

Don’t Forget to Report Your Miscellaneous Income!

Taxpayers must report all income they earn and receive in a year on their tax return.  Often times, however, people neglect to report several types of miscellaneous income. For instance, self-employment income where no 1099-misc is received, bartering income, gambling winnings, and prizes. Do I

Filed Under: Taxes

August 9, 2019 By john

Services to Outsource to Scale Your Business

Most small business owners start their business with the intent to scale -- in many ways, it's show you know the business is proving successful. Even if you start your business from a hobby, if it's going to be sustainable, it needs to scale. To do this, you need to use part of the profits to

Filed Under: Taxes

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