Speak to Your Seattle CPA before Settling Your Divorce

Divorces are difficult – and expensive! Don’t make yours even more costly by making your settlement final before consulting the Accountability Services tax team. Once you sign, it’s too late We often hear clients lament an extra-large tax bill that could have been easily avoided with simple changes in their

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Tax Filing Options Following the Death of a Spouse

Losing a spouse is one of the most difficult experiences you can go through in life. Along with the grief, pain and uncertainty, recent widows/widowers must also manage legal and financial matters, including complex decisions regarding taxes. The tax team at Accountability Services offers our condolences and this simple guide

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New Form 1099-K Rules for 2023

Clients that use third-party payment apps and online marketplaces for personal and business sales need to be aware that the reporting threshold for 2023 has been lowered to just $600, down from $20,000. The change was first enacted by the American Rescue Plan Act of 2021 for 2022, but implementation of

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The Importance of Understanding New Tax Laws

If there is anything as certain in business as paying taxes, it is that tax laws are constantly evolving. How a law impacts your business today could be entirely different than how it worked in the past, or how it will work next year. Some new laws create additional tax

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Times Have Changed, So Has Your CPA

Few professions invoke classic generalizations quite like a Certified Public Accountant. You know the ones. An exhausted number cruncher, frantically checking and rechecking figures as they sip black coffee from a white Styrofoam cup with one hand and type wildly into a 10-key with the other. Or the shy math

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Choosing the Right Entity Structure to Align with Your Goals

Deciding on an entity structure for your business starts with understanding that there is never one perfect choice. The right organizational form is the one that aligns best with your personal goals and business objectives. To determine how each structure will impact your business plans, consider the rules regarding limited

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