Category: Uncategorized

2023 Updates to Gift Taxes and Annual Exclusion Amounts

The annual gifting exclusion limits set by the IRS determine the maximum amount of money or assets that an individual can give to another person without triggering…

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Time to Update Quickbooks Desktop

If you haven’t done so already, now is the time to update your version of Quickbooks Desktop. As of the end of May, Intuit no longer supports…

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New WA DOR Form Filing: Annual Reconciliation of Apportionable Income

The Washington Department of Revenue introduced a new form filing for businesses called the Annual Reconciliation of Apportionable Income. The new annual reconciliation filing is a requirement…

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New GAAP Lease Standard ASC 842

Overview   For those of you on GAAP (Generally Accepted Accounting Principles) basis, a big change took effect on January 1, 2022, and after years of delay,…

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