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Huddleston Tax CPAs | Accounting Firm In Seattle

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a hand holding three 100 dollar bills which are burning at the end like a cigarette

March 11, 2022 By john

$10 Million Lost Cost Washington State-Funded Programs 

As announced by U.S Attorney Nick Brown, Tae Young Kim, the final defendant in a scheme to avoid paying tobacco excise taxes to Washington State of $10 million-plus, has been sentenced to 22 months in prison in a United States District Court in Seattle. Kim is aged 45 years, and he hails from Las

Filed Under: News

Bitcoin logo with a digital aura on a black background

March 4, 2022 By john

How are Taxes Determined for Crypto?

Back in 2014, when the IRS first set out guidance on cryptocurrency taxation, less than 900 individuals reported crypto. Between 2013 and 2015, the market bitcoin was relatively small and wasn't reported on their taxes.Now however, the IRS is much more confident that people have not been

Filed Under: cryptocurrency

young girl holding a US dollar bill

February 25, 2022 By john

How To Get $8,000 From The Childcare Tax Credit

People get stressed when tax season approaches as everyone is required to file their taxes correctly or face significant financial consequences. This year however, parents get a reprieve as they can write off up to $8,000 through the childcare tax credit. The following points will provide insight

Filed Under: Taxes

night skyline of seattle washington

February 18, 2022 By john

Gov Inslee Delays Taxes On Long-Term Care Program Until 2023

On January 27, 2022, Gov. Inslee signed into law, House Bill 1732. Initially slated to take effect in April 2022, the WA Cares Fund Tax has been delayed until July 2023. This long-term care program ensures elders and retired residents have access to proper care. The cost will be 0.58% from

Filed Under: News

a home office with lamp, computer, and phone on a wood desk with a window overlooking snow covered forest

February 11, 2022 By john

Can You Claim a Home Office Deduction If You Worked at Home During Covid?

No; not unless you're self-employed.Thinking about getting a tax deduction for the period you worked from home during the pandemic? Some managed to make a few more savings than usual -- especially if they previously commuted to their office or ate out. On the other hand, some things became more

Filed Under: Deductions

smoke stack polluting the skyline from a factory

February 4, 2022 By john

Fossil Fuels Getting More Tax Breaks Than Eco-Conscious Alternatives In Seattle

Seattle has proven its dedication to using renewable energy sources instead of the costly, climate changing, and less desirable fossil fuels. However, the recent announcements by the government administration is re-shifting the focus. Ironically, fossil fuels are getting more tax breaks than

Filed Under: News

an alarm clock beside a bed

January 28, 2022 By john

When to Quit Your 9-to-5

"An entrepreneur is someone who jumps off a cliff and builds an airplane on the way down." This adage is the startup world in a nutshell. Things move at terminal velocity and you need to think quickly. While there are people who save and meticulously plot out the next 5, 10, 15 years, arguably, most

Filed Under: Small Business

a young man with glasses on his phone with a chart showing an increase superimposed on top of him

January 21, 2022 By john

Passive Income Ideas To Rapidly Transform A Hobby Into A Career

Passive income is the dream. It's a great feeling to know you're generating income in your sleep. For some, it's why they get into the stock market, website development and real estate. And in today's economy, there's no better time to start.There are various reasons why you might be looking for

Filed Under: Small Business

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