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File cabinet filling up and you’re wondering which documents can be fed into the shredder? Here’s a simple guide from our Seattle CPAs on how long to hold on to the most common financial records. Tax returns Tax returns should be kept for a minimum of 3 years but a

While every business owner’s situation is unique, learning from the mistakes of others is a great way to begin your journey towards tax efficiency from day one. In this post, we’ll cover the most common tax slipups made by freelancers and solo entrepreneurs. Note: The information provided in this blog

Getting married impacts taxes in many ways, from the forms you need to fill out to new options for tax filing status that weren’t available as single filers. Plus, a number of potential tax benefits are now available, that may apply depending on your situation. To optimize your tax return

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

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

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