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Huddleston Tax CPAs | Accounting Firm In Seattle

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Blog

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

close up of the mail app on a phone

June 17, 2022 By john

Lockstep Launching A Smart Inbox for Accounting Teams 

Lockstep is a startup company that's created a new product to connect accounting teams globally. The company (based in Seattle) has applications that automate accounts receivable and accounts payable workflows. The company improves cash flow and effectiveness to enable them to work better together.

Filed Under: News

elon musk smiling with an image of the moon adjacent to him

June 10, 2022 By john

Elon Musk Getting Cold Feet in Twitter Deal

After announcing plans to purchase Twitter, things may not be going as planned for the famous cryptocurrency master, Elon Musk.  Elon Musk announced a 9.2% stake in the Twitter company on March 14. On April 5, the CEO of Twitter, Parag Agrawal, announced that Musk would join the company's

Filed Under: News

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