September 2021 Individual Due Dates September 1 – 2021 Fall and 2022 Tax Planning Contact this office to schedule a consultation appointment. September 10 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during August, you are required to report them to your […]
August 2021 Individual Due Dates August 10 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during July, you are required to report them to your employer on IRS Form 4070 no later than August 10. Your employer is required to withhold FICA […]
August 2021 Individual and Business Tax Due Dates
Golf day at Sudden Valley on the 5th green
We are pleased to announce that we have completed a merger with Multop Financial and Clarity Tax Management PS. We are excited about the opportunity to work with their team of professional Tax Specialists, Certified Public Accountants, Business Advisors, and Financial Planners. Our offices in Skagit Valley and the San Juan Islands will continue to operate […]
Clarity Tax Management PS and Multop & Associates Merges with Hilsinger & Company
A Journey Through Retirement This edition’s client feature is the Cheadle family. Randy and Kathy’s passion for life and adventure is fun to read about and we thank them for sharing some of their retirement highlights with us. An interview with Client and ARCO/BP retiree, Randy Cheadle. Retirement. What does it mean to you? For […]
e-Compass – May 2014
The IRS Fresh Start Program is an umbrella term for the debt relief options offered by the IRS. The program is designed to make it easier for taxpayers to get out from under tax debt and penalties legally. Some options may reduce or freeze the debt you’re carrying. Others make it possible to pay off what […]
What is IRS Fresh Start Program?
In most cases, individuals who serve as public officials are government employees. Therefore, the government entity is responsible for withholding and paying Federal income tax, social security and Medicare taxes. They must also issue a Form W-2, Wage and Tax Statement, to a public official. These facts and relevant examples are discussed in detail in Publication 15-A, […]
How are federal employees taxed?
When you’re in your 20s, it might seem like you have plenty of time to save and invest. But time is more fleeting than you think. Building wealth when you’re paying off student loan debt or starting a career isn’t easy, but it’ll be worth the effort later on. If you’re ready to buckle down and increase your […]
Building Wealth in Your 20s
Estate planning is the process of setting up how your assets and property will be distributed upon your death. Through these plans, you can ensure your assets are given to the people and organizations you care about. Additionally, estate plans can minimize the amount of taxes your estate and family will incur once you’re gone. […]