One of the trends of recent years has been a rise in multi-generational living for some of my Washington area tax and accounting clients. Whether it’s for economic or health reasons, when Mom and Dad or other, older members of the family move in and there are...
It’s a good idea to take your internal temperature and do whatever you need to do to get to a place of focus, amidst all of the national and global distractions that continue ad infinitum. Many of our Washington clients are under enormous pressure for one reason...
There is a difference between income and wealth. Tax returns aren’t about wealth — they’re about “income”, and how that is defined. Business owners and real estate investors have access to powerful tax advantages that wage earners do not...
Today’s topic has the benefit of ensuring your Washington “financial fortress” is as airtight as it can possibly be, which has its own advantages. Ah, the wonders of financial documentation… Effective Financial Documentation Strategies For Washington...
For many Washington small business owners, and families, it can seem that the government has simply been throwing money around and not paying attention to what is done with it, or collecting what is due. But if you believe that the IRS won’t come hunting for...
The unfortunate reality is that if you don’t file a tax return — even if you don’t owe any taxes that year — there can be problems. And, that is obviously the case if you do happen to owe taxes. Not only can the federal government stir up...
