This past week the Covid-19 pandemic has been a rapidly changing reality and our mind is focused on you, your families and businesses, and the impact this is having as it unfolds. Washington state has been hit hard and your business may already be seeing a financial impact.
The events of the last few weeks certainly are unprecedented and like many of you, we are closely monitoring the impact COVID-19 will continue to have on businesses and individuals. As a firm, we have taken a proactive approach. Here are the top priorities and policies at Shannon & Associates for COVID19.
On Feb. 11, less than 45 days after the Workforce Education Investment Act surcharges began Governor Jay Inslee signed S.B. 6492. This bill nixed the three-tier formula and completely overhauled the tax increase implementation.
An increasing number of people are taking advantage of opportunities to earn extra income with side jobs or “gigs”. Do you have a Side Gig? If so, this blog post details what you should know about paying taxes in the expanding gig economy.
The Expanding Gig Economy – What You Should Know The Implications of Virtual Currency PDF version | Fall 2019
On December 20, 2019, President Trump signed “The Further Consolidated Appropriations Act of 2020,” which includes provisions of the SECURE Act (Setting Every Community Up for Retirement Enhancement). What does it mean for you?
Over the last year the IRS has turned up the dial when it comes to virtual currency. Why is that? People around the world have become more and more interested. Not reporting this income can cause trouble. This post provides the details you need to know.
It is always alarming to receive a notice from the IRS. If you had capital gains activity reported on the 2018 Schedule D Tax Worksheet an error may result in an IRS notice for…
Charitable donations are still deductible in 2019, however fewer Individual taxpayers will itemize in 2019 due to the increase in the standard deduction. The standard deduction for married couples…
FRAUD… what no… not in my business! This is what we hear all the time. Business owners hate to even think about it let alone invest in resources to prevent it because, well, it would never happen to them, right?