Bookkeeper vs Accountant: Which Do You Need?
The first difference between a Seattle bookkeeper and an accountant is schooling. Accountants go to school for many years. They have a degree, and they need to get a continuing education every year to keep up their certification. In contrast, bookkeeping is not a...
US Taxes For Beginners
Let's say you're an incoming senior at state university who just finished a summer internship at a corporate office. Maybe you had a great experience and also made a lot of money. This is excellent news, but there is one problem. You have no idea how to pay your...
How To Avoid An IRS Audit When Self Employed
Today, we're going to be discussing how to minimize your audit risk. We're going to identify the audit triggers and the red flags. This article is really catered for the self-employed people. This is sole proprietorships, single member LLCs, but it's also applicable...
Your Chances Of An IRS Audit If You Make Under $500K
Today we are going to be discussing what the chances are of getting audited by the IRS. The probability of you getting audited, it's really dictated by three factors. The first factor is your income level. The second factor, it's going to be the types of reporting...
What You Need to Know About Applying for PPP Loan Forgiveness
The economic impacts of the COVID-19 pandemic have been particularly felt by small businesses. The government responded by allowing business owners to apply for small business loans through the Paycheck Protection Program. The deadline to apply for a PPP loan was...
Protect Your Small Business During The COVID – 19 Pandemic
There’s no doubt about the fact that the impact of the COVID - 19 outbreak is getting worse for all of us. The outbreak not only affected our physical and mental health but also did considerable damage to our economy. Worldwide, the common masses are suffering from...
Major Accounting Changes To Look Out For This August 2020
Accountants follow standards and procedures that various governing bodies keep track of and maintain. These organizations include the Financial Accounting Standards Board (FASB) and the American Institute of Certified Public Accountants (AICPA). Government agencies...
What Is The SBA And How Can They Help Me?
Small businesses are one of the main driving forces of the U.S. economy. According to the Small Businesses Administration, these businesses contribute as much as 44 percent of the U.S. economic activity. They also create the majority of new jobs across the...
Unemployment And Underemployment During The COVID 19 Pandemic
COVID-19 is one of the most economically and socially damaging disasters in recent decades. It has forced the government to take drastic measures to save as many lives as possible. One of these measures is the partial or complete shutdown of many industries. CPA...