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Written by Administrator
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Tuesday, March 25, 2008 |
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We've moved! Come see us in our new office in the Creative Workspace building at 168th and 48th Ave W in Lynnwood. Our office is open by appointment, and we typically have day, evening, and weekend appointments available. The new address is 16825 48th Ave W #230, Lynnwood 98037. We are also happy to hold consultations and bookkeeping meetings at your location if that is easier for you. Jesica's travel area covers Seattle, Redmond, Bothell, Shoreline, Mill Creek, Lynnwood and Edmonds. Sharon also covers Lynnwood, Edmonds, Mukilteo and Everett. Carol is available to meet in Stanwood, Arlington, Camano Island, Marysville, and Everett. Give us a call any time, (425) 743-9250, for tax preparation and planning, bookkeeping help including consulting, training, catchup and/or ongoing work, or all of the above. |
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Last Updated ( Tuesday, March 25, 2008 )
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Written by Administrator
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Saturday, January 12, 2008 |
- Long-term Capital Gains: The 5% tax rate on long-term capital gains is reduced to 0. Yes, you read that right. Zero. This special rate is available to taxpayers in the 10 or 15% tax brackets. (This is taxable income (after deductions) of $32,550 or less, $65,100 or less on Married Filing Joint returns.) This rate will continue to apply through 2010. For taxpayers in higher tax brackets, the long-term capital gain rate is still 15%.
- Kiddie Tax: If you have kids with investment income, this one’s for you. If a child has investment income greater than $1,800, some of their income is taxable at their parent’s tax rate. The definition of ‘child’ for this tax was formerly ‘under 14’. Now it applies to kids under the age of 19 and kids under the age of 24 that are full time students at least 5 months of the year.
- Charitable Donations: This was new for 2007, but it’s worth repeating. All charitable donations MUST be supported by bank records (cancelled checks) or receipts from the charity. Logs to track cash donations are no longer sufficient. For non-cash contributions (clothing, household goods, etc.), items must be in “good or better” condition in order to be deductible.
- IRA Contributions: In 2008, the maximum IRA contribution has risen to $5,000. If you are interested in making a contribution, please ask how it will affect your tax situation and whether Traditional or Roth contributions would be more beneficial.
If you have any questions about how these or other tax law changes affect you, please contact us for a complimentary planning appointment. |
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Last Updated ( Saturday, January 12, 2008 )
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Written by Administrator
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Thursday, July 21, 2005 |
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Do thoughts of paperwork and number crunching give you nightmares? Never fear!
If you need someone who knows taxes inside and out, you have come to the right place. We look forward to helping you with your tax-time headaches.
Are your taxes finished for 2007? If so, it's never too early to start planning for 2008. Please call (425) 743-9250 today for a free consultation, including review of your 2005 and 2006 tax returns. |
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Last Updated ( Monday, December 17, 2007 )
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Certifications and Memberships |
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Written by Administrator
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Sunday, August 28, 2005 |
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Member: National Association of Tax Professionals |
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Last Updated ( Friday, February 15, 2008 )
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