Regularly during tax season, we see clients with a pretty large volume of trading activity across a number of brokerage accounts. And unfortunately … [Read more...] about Understanding the Wash Sale Rules
Which Accounting Program Should I Use for My Small Business?
First, some questions to think about before we begin: What industry are you in? (For example, manufacturers have different inventory tracking … [Read more...] about Which Accounting Program Should I Use for My Small Business?
Reporting a Foreign Business Investment
The first thing we need to say is that if you’re an entrepreneur or business owner operating internationally, you need to be really careful about … [Read more...] about Reporting a Foreign Business Investment
Excluding Foreign Income from U.S. Taxes
We get a lot of questions from people who earn money outside the United States and wonder how, and if, U.S. income taxes can be avoided. For this … [Read more...] about Excluding Foreign Income from U.S. Taxes
U.S. Tax Rules for Nonresident Aliens
If you’re new to the U.S. system of taxation, you’ll find the situation pretty confusing. The U.S. system of taxation (and we say this as tax … [Read more...] about U.S. Tax Rules for Nonresident Aliens
QuickBooks Fixed Asset Items: A Quick Tutorial
Maintaining a QuickBooks fixed asset item list does a lot to keep your asset accounts organized. A list, a good accurate list, of fixed asset items … [Read more...] about QuickBooks Fixed Asset Items: A Quick Tutorial
How to Record Sales Tax in QuickBooks
If you’re running a small business that sells items subject to sales tax, you want to do good accounting for sales tax. You need to show the right … [Read more...] about How to Record Sales Tax in QuickBooks
Recording Customer Deposits in QuickBooks
Here’s a key piece of information to know. Taxpayers almost always need to report payments from customers as income to the IRS when cash … [Read more...] about Recording Customer Deposits in QuickBooks
Inside Tips for WA Small-Business Owners Using the SHOP Exchange
This is the time of year when small business owners often need to work with the Washington State SHOP Exchange. For this reason, I thought it'd make … [Read more...] about Inside Tips for WA Small-Business Owners Using the SHOP Exchange
Walter White Wished He’d Had a PPO
People often think about holiday stuff at year-end. And this focus makes sense. As a society, we enjoy a ton of holidays falling in November, December … [Read more...] about Walter White Wished He’d Had a PPO