(509) 455-8173

601 W 1st Ave,
Suite 1000
Spokane, WA 99201

Videos and Articles Search Results

Hiring Your Child Can Help You Save Big in Taxes

Hiring Your Child Can Help You Save Big in Taxes

Hiring your child for your business can lead to significant tax savings by shifting income, reducing taxes, and reducing FICA and FUTA obligations. However, it's crucial to follow employment laws and withhold appropriate taxes. Learn more about the benefits and rules for hiring your child.
The Power of AI: Boosting Worker Productivity

The Power of AI: Boosting Worker Productivity

Learn how Artificial Intelligence is transforming worker productivity and its impact on businesses and the labor market.
6 Misconceptions of a Revocable Living Trust

6 Misconceptions of a Revocable Living Trust

A revocable living trust, or RLT, offers many benefits, including probate avoidance, privacy, and flexibility in managing assets during one’s life, incapacity, and death. However, despite their popularity as an estate planning tool, there are many misconceptions surrounding revocable trusts that lead to confusion and misunderstandings. Watch this video to learn about the top six misconceptions.
Business Travel Expenses: Per Diem vs Actual Expenses

Business Travel Expenses: Per Diem vs Actual Expenses

If your employees travel for work purposes, it’s important to understand the various methods of tracking and substantiating travel expenses so that you can maintain accurate records, control costs, and take advantage of potential tax benefits. Watch this video to learn about business travel expenses, per diem allowances, and how they affect employees and employers.
IRS Dirty Dozen Top Tax Scams To Avoid

IRS Dirty Dozen Top Tax Scams To Avoid

Each year, the Internal Revenue Service publishes its annual Dirty Dozen list of tax scams highlighting various schemes that put taxpayers and their financial well-being at risk. In this video, we'll provide an overview of five of the top scams on the list.
Understanding Sole Proprietorships, Single-Member LLCs, and the Schedule C

Understanding Sole Proprietorships, Single-Member LLCs, and the Schedule C

If you earn income as a freelancer, independent contractor, or from a side gig, you'll likely do so as a sole proprietor or single-member LLC and report your income on a Schedule C. Learn more about these types of entities and the Schedule C in this article.
Properly Funding Your Living Trust

Properly Funding Your Living Trust

Failing to properly fund a living trust is one of the most common errors people make and can lead to unintended consequences and added costs for both the individual and their beneficiaries. In this video, we'll provide an overview of how to properly fund a living trust.
R&E Expense Amortization Got You Down?

R&E Expense Amortization Got You Down?

Now that Research & Experimentation expenses must be amortized over several years, many companies are looking for ways to increase deductions and reduce taxable income. Here are three opportunities to potentially accelerate depreciation and reduce your tax liability.
Understanding the SALT deduction and PTE tax elections

Understanding the SALT deduction and PTE tax elections

The SALT deduction has been a longstanding benefit for taxpayers who pay state and local taxes. However, recent limitations to the SALT deduction have left taxpayers in high-tax states looking for alternatives. One such option is the PTE tax election, which allows pass-through entities to pay and deduct state and local taxes on behalf of their owners. 
Expired and expiring tax provisions that may impact you and your business

Expired and expiring tax provisions that may impact you and your business

The Tax Cuts and Jobs Act of 2017 made several sweeping changes to the tax code. However, many provisions contained a “sunset” or expiration date. This article will review several provisions that have either recently expired or are scheduled to expire in the coming years.
Protecting Your Finances During an Economic Downturn

Protecting Your Finances During an Economic Downturn

Many economists are predicting that the US economy will experience a downturn, if not a recession, in 2023. A downturn can lead to job loss, reduced income, and financial insecurity. While it's impossible to predict the future with certainty, there are steps you can take to protect your finances during a downturn.
Key provisions of the SECURE 2.0 Act for employers

Key provisions of the SECURE 2.0 Act for employers

The SECURE 2.0 Act aims to improve retirement savings by making it easier for employers to offer retirement plans to employees and for individuals to increase their retirement savings. This article will discuss selected provisions of the Act and their potential impact on employers.
Key provisions of the SECURE 2.0 Act for individuals

Key provisions of the SECURE 2.0 Act for individuals

The SECURE 2.0 Act of 2022 aims to improve retirement savings by making it easier for employers to offer retirement plans to employees and for individuals to increase their retirement savings. Learn about select provisions of the Act that affect individuals.
Incentivize Employees With Stock Appreciation Rights Instead of Equity

Incentivize Employees With Stock Appreciation Rights Instead of Equity

Many business owners want to incentivize and reward employees by tying their compensation to the company's performance. One way to do this is through stock options, but using stock appreciation rights might be a better solution.
FASB Proposes Changes to Lease Accounting Rules

FASB Proposes Changes to Lease Accounting Rules

The Financial Accounting Standards Board recently issued a proposed Accounting Standards Update for Leases (Topic 842). The update addresses related-party arrangements between entities under common control. This video provides an overview of the proposed changes.
Year-end estate & gift planning considerations

Year-end estate & gift planning considerations

The end of the year is fast approaching, and with it comes the opportunity to reassess your tax and financial circumstances. Learn about strategies to help minimize your taxes for 2022.