January 2025: Local Sales Tax rate changes (by area, county, sector)
Local sales tax rates in the following areas will change beginning January 1st, 2025. City of Burlington Transportation Benefit District City of Burlington Transportation Benefit District Car Dealers and Leasing Companies City of Covington Transportation [...]
2025 Tax Brackets: A 2.8% Increase to Adjust for Inflation
As 2025 approaches, the IRS has announced a 2.8% increase in tax brackets, designed to adjust for inflation. This annual change helps ensure that taxpayers are not unfairly bumped into higher tax brackets as wages [...]
How to Get Organized for Tax Time: A Guide for Clients
Tax time can be overwhelming, but with a little planning and organization, the process becomes much more manageable. Whether you file your taxes yourself or work with a professional, being well-prepared helps ensure everything goes [...]
When you work remotely out-of-state or out-of-country, how are taxes handled?
When a client works remotely out-of-state or out-of-country, there are several key tax considerations they should keep in mind regarding their U.S. tax liabilities: 1. State Tax Considerations: State Residency Rules: Each state has its [...]
Explaining “Cross-Program Payment Allocation” in Simple Terms
The Employment Security Department (ESD) in Washington State manages three important programs that benefit workers: State Unemployment Insurance: Provides temporary financial help to workers who lose their jobs. WA Cares: A program to help pay [...]
What is Embezzlement?
Embezzlement is a form of financial fraud where a person, usually entrusted with the management of assets or finances, illegally takes or withholds these assets for personal use. It is a white-collar crime that often [...]
