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Preparing for your Initial Tax Consultation

Preparing for your Initial Tax Consultation Here is a list of items that you’ll want to bring to our initial tax consultation for your personal tax return. Most of these items you can provide to me using the Tax Organizer:

Small Business Tax Return Checklist

Small Business Tax Return Checklist Here is a small business tax return checklist outlining what I would need: For Single-Member LLC’s: 1. FEIN 2. Gross receipts from sales or services. 3. Inventory (if applicable) on hand as of January 1st …

IMPORTANT State Tax Deduction CAP – Tax Cut Reform

Due to the 2018 Tax Cut Reform, there is now a cap of 10k for any/all state income tax and property taxes beginning 2018, you will want to pay all, if not, as much as you can of your 2017 estimated


Have you ever wondered why some people consider themselves bookkeepers and some accountants? In my opinion, there is significant difference between the two and it’s important for you to know what you are getting FOR YOUR HARD EARNED MONEY.

Construction Bookkeeping: Making Money!

Construction Bookkeeping: Want to make more money?! START JOB COSTING. If you aren’t job costing yet, you should start now! Job costing will likely SAVE YOU MONEY on Workers’ Compensation, labor, and materials. It will also allow you to have reports

Sherwood Payroll – 2017 UPDATES: SUI Rate (SUI)

EMPLOYERS If you live in Oregon, you should be getting a letter in the mail from the State of Oregon Employment Department. Within that letter it will have a title “NOTICE OF UNEMPLOYMENT INSURANCE (UI) TAX RATE”. Please click the

Making Money “On The Side”

Let me help you get a bigger refund! One of the most common clients I meet with are ones making money “on-the-side”. Whether it be baseball lessons, babysitting, etc. I try dig a little deeper to find out if they

7 Reasons Why You Should File a Tax Return (even if you don’t have to)

1. If you had taxes withheld from your pay, you must file a tax return to receive a tax refund. 2. If you qualify, you must file a return to receive the refundable Earned Income Tax Credit.

Should I expect a W-2?

I worked a couple of events for a company last year, didn’t make a very much money with them, should I expect a W-2? If you were contracted work, you are only due a 1099 if you make over $600

Filling out your W4

When filling out a W4, what is the best option for someone who is married, and both spouses work, they own a home, and pay student loans. There isn’t necessarily a “best” option. Claiming exempt means they will not take

Are you a Full-Time student?

To be considered a full-time student on your tax return, you must have been enrolled as a full-time student (12+ credits) during some part of each of any 5 calendar months of the year.

Qualifying as Head of Household General Tax Info

You qualify as head of household if you’re unmarried and provide a home (over 50% of keeping up the home) for a qualified person. Such as you child. So you will qualify for HOH.

Students and Taxes

Can a full-time student claim exempt and not pay taxes on their income? Students are not exempt from taxes. They have the same requirement as anyone else.

Claiming Qualifying Dependent Child

In order to claim someone as a dependent, one test is the support test.

Custodial Parent – Working at Night

Parents who work at night. If the child lives with you for the greater number of DAYS with the parent who works at night, this parent is the custodial parent. On school days, the child is considered living at the primary residence registered with the school.

Dependent Student

When claiming a student as a dependent, you they are not considered a student if the school ONLY offers courses online.

Custodial Parent

If a child lives with both parents an equal number of nights during the year, the custodial parent is the parent with the HIGHER adjusted gross income. (That’s not good for the parent who makes less money…)