Sweeping new IRS "repair regulations" impact most businesses
The IRS has released much-anticipated temporary and proposed
regulations on the capitalization of costs incurred for tangible
property. They impact how virtually any business writes off costs
that rep...
IRS launches third version of voluntary offshore disclosure program
The IRS reopened its offshore voluntary disclosure program in early
2012 in response to what the government described as strong
interest among taxpayers. The reopened program, the third of its
type in...
FAQ: What tax breaks come with raising a child?
Taxpayers with children should be aware of the numerous tax breaks
for which they may qualify. Among them are: the dependency
exemption, child tax credit, child care credit, and adoption
credit. As th...
February 2012 tax compliance calendar
As an individual or business, it is your responsibility to be aware
of and to meet your tax filing/reporting deadlines. This calendar
summarizes important tax reporting and filing data for
individuals...
FAQ: Are individuals now required to purchase health insurance?
The answer is no for 2010, but yes, in practical terms, for 2014
and beyond. The health care reform package (the Patient Protection
and Affordable Care Act of 2010 and the Health Care and Education
Re...
FAQ: What if I owe taxes and can't pay the full amount?
If you have completed your tax return and you owe more money that
you can afford to pay in full, do not worry, you have many options.
While it is in your best interest to pay off as much of your tax
l...
Payroll taxes can be a minefield for small employers
More small businesses get into trouble with the IRS over payroll
taxes than any other type of tax. Payroll taxes are a huge source
of government revenue and the IRS takes them very seriously. It is
ac...
FAQ: Audits and Examinations
Q: After what period is my federal tax return safe from audit? A:
Generally, the time-frame within which the IRS can examine a
federal tax return you have filed is three years. To be more
specific, Co...
FAQ: Are closing costs tax deductible when you refinance?
This is a simple question, but the question does not have a simple
answer. Generally speaking the answer is no, closing costs are not
deductible when refinancing. However, the answer depends on what
y...
Newsletters
Welcome and thank you for visiting our Website. As you browse through our Website, you will see that not only have we highlighted background information on our firm and the services we provide, but have also included useful resources such as informative articles (in our Newsletter section) and interactive financial calculators (in our Financial Tools section). In addition, we have taken the time to gather many links to external Websites that we felt would be of interest to our clients and visitors (in our Internet Links section). While browsing through our Website, please feel free to contact us with any questions or comments you may have - we'd love to hear from you.
Our accounting firm is proud to have provided professional services to individuals and small business clients for 20 years in Kitsap County including Silverdale, Bremerton, Port Orchard and Poulsbo. Of course we offer bookkeeping, financial statement preparation, tax return preparation, tax planning and IRS audit representation. We also have extensive experience in the construction and real estate industries and in using QuickBooks software. And we can help you with accounting for any type of business: sole proprietor, S corporation, limited liability company (LLC), limited liability partnership (LLP), partnership, estate or trust.
Our accountants, Chuck Huddleston, Terri McKenzie and Vicki Finney are committed to providing professional, knowledgeable and friendly services. We are all highly active in the community as well. Chuck and Terri are also members of the American Institute of Certified Public Accountants (AICPA) and the Washington Society of Certified Public Accountants (WSCPA).
