Bookkeeping

For business owners who don’t mind doing the data entry, accounting software helps to simplify the process. At its core, bookkeeping is about recording financial data, while accounting is about interpreting financial data. Bookkeeping is a process in which a company systematically collects, records, organizes, and tracks its financial data daily throughout the year. Technical […]

Certified QuickBooks Pro Advisor Heather Hua leads our payroll and QuickBooks team. If you are looking for a locally owned firm that emphasizes knowledge, experience, and accuracy then Pacific Northwest Tax Service is the place for you. We are the tax, accounting and payroll service of choice for people who value peace of mind and

For instance, when you pay your employees, you debit the expense account to show the outflow of cash for wages. Credits boost your revenue CARES Act accounts since they represent income your business has earned. For example, when a customer makes a purchase, you credit your revenue account, which increases your total income. Spending cash,

A trust beneficiary usually doesn’t have to pay income tax on the inheritance. Some trusts also offer income tax benefits, such as the ability to receive a stream of income while enjoying immediate tax deductions. A trust can also set rules around the financial care of your minor children, as well as when and how