# NW Accounting Inc > Northwest Accounting & Tax Service ### Posts #### 5 Steps to Prepare for the 2025 Tax Season with Northwest Accounting & Tax Service Tax season doesn’t have to be overwhelming. With the right steps, you can reduce stress, stay organized, and even maximize your refund. At Northwest Accounting & Tax Service in Vancouver, WA, we’re here to help you navigate the process with expert guidance and personalized support. Whether you’re an individual or small business owner, this guide will help you get ready for the 2025 tax season (filing for 2024 income). Table of Contents Gather Your Tax Documents Early Organize Income and Expenses Review Tax Law Changes Choose the Right Filing Method Plan Your Filing Timeline Why Choose Northwest Accounting & Tax Service? Meet Our Expert Team Client Testimonials Don’t Forget to Check Out Our Newsletter Get Started Today 1. Gather Your Tax Documents Early Start by collecting all necessary tax documents as they arrive. Missing forms can cause delays or errors, so keep everything organized with a physical folder, digital folder, or our secure client portal. Key Documents to Gather: Income Forms: W-2s for employees, 1099s for freelancers or contractors. Investment Records: 1099-B (capital gains/losses) and 1099-DIV (dividends). New This Year: 1099-DA for cryptocurrency transactions. Expense Receipts: Medical bills, charitable donations, and education expenses. Property Records: Information on rental properties, home purchases, or sales. Pro Tip: Set a reminder for early February to follow up with employers or providers if forms are missing. 2. Organize Income and Expenses Properly organizing your income and expenses is essential, especially for small business owners and self-employed individuals. How to Stay Organized Use tools like QuickBooks, Expensify, or simple spreadsheets. Separate business and personal expenses. Keeping them mixed can complicate your filing. Common Deductible Categories Home Office Expenses: If you work remotely, this deduction can save you money. Charitable Contributions: Keep records of all donations. Medical Expenses: Eligible out-of-pocket costs may be deductible if they exceed a certain threshold. A small business owner recently saved significantly by correctly tracking mileage and home office deductions. Tools and organized records make all the difference. 3. Review Tax Law Changes Tax laws change every year, and understanding the updates can help you avoid surprises and take advantage of new opportunities. Key Changes for 2024 to Watch For: Adjustments to tax brackets and standard deduction amounts. Updates to credits like the Child Tax Credit or education credits. New deduction limits, such as retirement contribution thresholds. Staying informed is crucial. At Northwest Accounting & Tax Service, our professionals stay up-to-date on tax law changes and how they may affect you. 4. Choose the Right Filing Method We offer multiple filing options to fit your needs. Choose what works best for you: In-Person Appointments: Perfect for new clients or those with complex financial situations. Face-to-face meetings allow for tailored advice and detailed reviews. Secure Online Filing: Returning clients can upload documents via our secure client portal for fast, convenient service. Document Drop-Off: Drop off your documents at our office, and we’ll notify you when your return is ready to review and sign. Note: For accuracy and compliance, we may still require an in-person follow-up regardless of the filing method you choose. 5. Plan Your Filing Timeline Procrastination adds unnecessary stress. Stay on track with this timeline: January: Collect tax documents as they arrive. February 1: Have all your paperwork organized and ready. February 3: Appointments for tax preparation begin. Mid-January–April 15: Filing opens. The IRS deadline is April 15, 2025. Why File Early? Faster refunds if you’re owed money. Lower risk of identity theft since fraudulent returns typically target late filers. Why Choose Northwest Accounting & Tax Service? At Northwest Accounting & Tax Service, we offer: Comprehensive Services: From simple individual returns to complex business filings. Helpful Resources: Tools for tracking refunds, securely uploading documents, and staying informed. Flexible Scheduling: Open Monday through Saturday during tax season. Trusted Results: We’re committed to accurate, timely, and personalized service. Meet Our Expert Team At Northwest Accounting & Tax Service, our experienced professionals are here to guide you every step of the way: Suzanne Clem, EA, LTC: With over 20 years of experience, Suzanne specializes in tax planning and preparation for individuals and small businesses. Janelle Baker, AFSP: Known for her attention to detail and precision, Janelle ensures your returns are thorough and accurate. Niki Becker, EA, LTC: Niki excels in managing complex tax situations for both individuals and businesses, helping clients navigate every challenge. Lewis Gerhardt: Now in his second year as a tax preparer, Lewis brings dedication and a fresh perspective to the team. Our team’s commitment to professionalism, accuracy, and personalized service is what sets us apart. Client Testimonials Our clients’ experiences say it all: “We had a great experience working with the folks at Northwest Accounting & Tax Service! They were patient with all of our questions and walked us through every step. We'll definitely be coming back next year.”— Maegan S. “We love Northwest Accounting and Tax Service—Janelle is the best! We can count on her to find every possible write-off.”— Jodi Sparkman “Northwest Accounting & Tax Service handled our complicated tax situation with professionalism and care. We felt confident everything was accurate and have been happy customers for years!”— Curt & Sherry Esch Don’t Forget to Check Out Our Newsletter! For the latest updates and office news, take a look at our newest newsletter. Get Started Today Ready to make this tax season stress-free? Contact us today: Phone: (360) 694-8206 Email: nwatax@parse.atomanager.com Schedule an Appointment: Visit our Portal Early preparation means less stress and more opportunities to maximize your refund. Don’t wait—schedule your appointment now! #### BOI Reporting Requirements Under the Corporate Transparency Act: 2025 Updates Introduction Last Updated: March 2025 The Corporate Transparency Act (CTA) introduces new reporting requirements aimed at increasing corporate transparency and addressing financial crimes such as money laundering, terrorist financing, and corruption. Enacted in early 2021, the CTA introduced Beneficial Ownership Information (BOI) reporting as a key measure. Due to ongoing legal challenges, enforcement of BOI reporting has been delayed, leaving many businesses uncertain about their obligations. This article provides the latest updates on BOI reporting as of January 2025, highlights areas of controversy, and outlines steps to prepare for compliance. 1. History of the Corporate Transparency Act Why Was the CTA Created? The CTA was enacted to address the misuse of shell companies for activities such as tax evasion and money laundering. By requiring businesses to disclose their beneficial owners, the law aligns U.S. corporate practices with global anti-money laundering standards outlined by the Financial Action Task Force (FATF). Key Milestones January 2021: Congress enacted the CTA through the National Defense Authorization Act. September 29, 2022: FinCEN issued the final rule on BOI reporting, effective January 1, 2024 (FinCEN News Release). December 3, 2024: A federal judge in Texas issued a nationwide injunction blocking BOI reporting requirements (Wall Street Journal). January 23, 2025: The U.S. Supreme Court lifted the nationwide injunction, allowing enforcement of BOI reporting (Reuters Coverage). 2. What Is Beneficial Ownership Information (BOI) Reporting? Who Must File? Most U.S.-registered corporations, LLCs, and other entities must file unless exempt. Exempt entities include: Companies with over 20 employees and more than $5 million in revenue. Regulated entities such as banks, credit unions, and insurance companies (FinCEN Guidance). What Must Be Reported? Beneficial owner’s full name. Date of birth. Residential or business address. Government-issued identification number (FinCEN Filing Requirements). Penalties for Non-Compliance Non-compliance with BOI reporting requirements could result in: Civil penalties of $500 per day. Criminal fines of up to $10,000 and potential imprisonment for willful violations (FinCEN BOI Rule). 3. Legal Challenges to Corporate Transparency Act Enforcement Supreme Court Decision (January 23, 2025) The U.S. Supreme Court lifted an earlier nationwide injunction, allowing enforcement of BOI reporting (Reuters Coverage). Texas Federal Court Injunction Despite the Supreme Court’s ruling, a Texas federal judge issued a separate injunction, maintaining a block on BOI reporting requirements nationwide (Wall Street Journal). Current Status (January 2025) As of now, businesses are not required to file BOI reports. Enforcement remains suspended while legal disputes continue (FinCEN Update). 4. Areas of Controversy Surrounding BOI Reporting While the CTA is intended to combat financial crime, its BOI reporting requirements have faced criticism: Privacy Concerns: Critics argue that disclosing beneficial owners’ personal information, even to government agencies, could compromise privacy or increase risks of data breaches. Small Business Burden: The compliance process may disproportionately impact small businesses, many of which lack the resources to navigate complex reporting requirements. Effectiveness Debate: Some question whether the regulation will effectively deter criminal activity, given that illicit actors often find ways to obscure ownership through other means. These controversies have fueled legal challenges and delayed enforcement, creating uncertainty for businesses. 5. Steps to Prepare for BOI Compliance Actions to Take Now Identify Beneficial Owners: Determine who owns 25% or more of your entity (FinCEN Filing Guidance). Gather Information: Collect the required data for each beneficial owner. Consult Legal Experts: Seek guidance from compliance professionals (AICPA). Being proactive can help businesses avoid last-minute issues when enforcement resumes. FAQ Q: What is BOI reporting?A: BOI reporting requires businesses to disclose their beneficial owners to FinCEN to promote transparency (FinCEN Overview). Q: When does BOI reporting start?A: Enforcement is delayed due to legal challenges. Businesses should stay updated through FinCEN (FinCEN Updates). Q: What are the penalties for not filing BOI reports?A: Non-compliance may result in civil penalties of up to $500 per day and criminal fines of up to $10,000 (FinCEN Rule). Conclusion The Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements were introduced to address financial crimes like money laundering and tax evasion. While enforcement remains paused due to ongoing legal challenges, businesses are encouraged to take proactive steps to prepare for eventual compliance. As legal proceedings continue, it’s also possible that amendments to the regulation could shape how it is ultimately implemented. Staying informed by monitoring updates from FinCEN and relevant legal developments will ensure your business is ready for any future changes. The Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA) have recently undergone major changes. If you're a small business owner or managing an entity previously required to report, you need to be aware of these latest updates. Key Update: BOI Reporting Suspended for U.S. Companies As of March 2025, the U.S. Department of the Treasury and FinCEN have suspended enforcement of BOI reporting requirements for most U.S. businesses. 🔹 No fines or penalties will be imposed on domestic reporting companies.🔹 The Treasury is considering limiting BOI reporting to foreign-owned entities only.🔹 A new rulemaking process is expected, allowing public comments before any further enforcement. For official updates, visit the Treasury Department and FinCEN websites. What This Means for Your Business Domestic U.S. Businesses You do NOT need to file a BOI report at this time.No penalties or fines will be issued for non-compliance.Keep an eye on FinCEN updates for any future changes. Foreign-Owned Entities The U.S. government may still require foreign companies to submit BOI reports.Businesses with foreign ownership should prepare for possible reporting obligations once new regulations are finalized. Next Steps for Businesses ✔ Stay Informed: The Treasury Department is re-evaluating BOI reporting rules. Keep up with updates from FinCEN and legal advisors. ✔ Monitor Future Rule Changes: Since the government is refining these regulations, the final decision could impact reporting requirements later in 2025. ✔ Consult a Tax or Legal Professional: If you're unsure about compliance, get expert advice tailored to your business structure. Final Thoughts The BOI reporting pause is great news for small business owners who were previously concerned about new filing requirements. However, foreign-owned entities should stay alert for potential reporting obligations in the near future. To stay updated, bookmark this page or consult your accountant for guidance. For personalized tax and compliance advice, contact NWA Tax. #### Clark County Property Tax Exemption Program: Who Qualifies & How to Apply Are you a senior or disabled homeowner in Clark County, Washington? You may qualify for a property tax exemption that could significantly lower your tax burden. Many eligible homeowners miss out on these savings simply because they do not know about the program. This guide explains: Who qualifies for the Clark County Property Tax Exemption Program How much you can save How to apply in 2025 What Is the Clark County Property Tax Exemption Program? This program provides eligible senior citizens and disabled homeowners with property tax relief by reducing their taxable home value. This can lead to significant annual savings on property taxes. The exemption applies to a primary residence and may reduce or eliminate certain tax charges. For official information, visit the Clark County Assessor’s Office website. Who Qualifies for a Property Tax Exemption in 2025? To be eligible, applicants must meet three key requirements: Age or Disability Requirement Must be 61 or older by December 31, 2025, or Must have a permanent disability that prevents employment Home Ownership and Residency Must own and occupy the property as a primary residence Name must be listed on the property title Income Limits Total household income must be $62,000 or less for 2025 applications Includes Social Security, pensions, and other sources of income Even if income exceeds the limit, certain medical expenses may be deducted, so it is worth reviewing all options. How Much Can You Save? Tax savings depend on income level and property value. In some cases, applicants may qualify for: Full exemption from specific property tax categories Partial exemption, reducing the total tax bill Exact amounts vary, so checking with the Clark County Assessor’s Office is recommended. How to Apply for the Clark County Property Tax Exemption Step 1: Gather Required Documents Proof of Age or Disability, such as a driver’s license, ID card, or disability award letter Proof of Income, such as tax returns, Social Security statements, pension records Proof of Home Ownership, such as a property deed, tax statement, or mortgage documents Step 2: Complete the Application Download the application form from the Clark County Assessor’s website Fill out all required sections carefully Step 3: Submit Your Application Applications can be submitted by: Mail: Clark County Assessor’s Office, PO Box 5000, Vancouver, WA 98666 In-Person: 1300 Franklin St., Vancouver, WA Applications are accepted year-round, but early submission ensures timely tax savings. Frequently Asked Questions Do I need to reapply every year? If income remains within the limits, reapplying may not be necessary, but any major changes in income or residency must be reported. Can I apply if my spouse is the homeowner? Yes, as long as the applicant lives in the home and meets the age or disability requirements. What happens if I inherit a home? If a property is inherited from a deceased parent or spouse, eligibility may still apply. Contact the Assessor’s Office for details. Final Thoughts Many eligible homeowners miss out on property tax savings because they do not know about this program. If eligible, applying for a property tax exemption could help reduce housing costs and make homeownership more affordable. For more information, visit the Clark County Assessor’s Office website. Disclaimer This content is for informational purposes only and does not constitute financial, tax, or legal advice. We do not provide legal services, guarantee approval for exemptions, or ensure the accuracy or completeness of the information provided. Eligibility requirements and program details may change. Contact the Clark County Assessor’s Office or a qualified professional for official guidance. #### Finding the Perfect Tax Professional for Your Needs Tax season can feel overwhelming, whether you’re an individual handling personal finances or a business owner managing intricate records. Selecting the right tax professional can save you time, reduce stress, and optimize your financial outcomes. At Northwest Accounting and Tax Service, we know how crucial it is to partner with someone you trust. This guide will walk you through the key steps to choose the ideal tax professional for your situation. The Value of a Tax Professional A skilled tax professional can help you uncover deductions, stay compliant with tax regulations, and avoid costly errors. Beyond tax season, they can offer ongoing advice to strengthen your financial strategy. However, not every tax professional is the right fit, so it’s important to find one who matches your specific needs. Key Factors to Consider 1. Credentials and Expertise Tax professionals vary in their qualifications and training. Here’s a breakdown of the main types: Certified Public Accountant (CPA): CPAs are licensed experts with comprehensive training in accounting and taxes. They must pass a challenging national exam and fulfill ongoing continuing education requirements. Their broad knowledge makes them excellent for complex scenarios like business taxes, audits, or financial planning, and their credentials are recognized nationwide. Verify a CPA’s license through the National Association of State Boards of Accountancy (NASBA) CPAverify tool. Enrolled Agent (EA): EAs are federally licensed specialists focused solely on taxation, authorized to represent clients before the IRS. They pass a rigorous national tax exam and maintain their expertise through continuing education. EAs are highly capable of handling personal and small business taxes with precision, and their credentials are nationally recognized. Check an EA’s status using the IRS Tax Preparer Directory. Tax Attorney: These are lawyers who specialize in tax law, best suited for legal disputes, complex estate planning, or IRS litigation. Tax Preparer: Non-credentialed preparers can manage simple tax returns but typically lack the in-depth training of CPAs or EAs. Some states require preparers to hold specific licenses, which involve less stringent testing than CPA or EA credentials. Tip: CPAs offer broader accounting expertise, while EAs focus exclusively on taxes, but both are well-equipped for personal and small business taxes. Verify credentials by checking a CPA’s license with CPAverify.org, confirming an EA’s status and continuing education with the IRS, or validating a preparer’s state license where applicable. 2. Experience and Focus Different tax professionals bring different strengths. Key factors to evaluate include: Industry Knowledge: For small business owners, seek a professional familiar with your sector, such as hospitality, construction, or technology. Tax Complexity: Simple W-2 filers may need less specialized help, but those with investments, rental properties, or self-employment income require more advanced expertise. Ongoing Support: Effective tax planning extends beyond April. Choose someone who provides year-round guidance. At Northwest Accounting and Tax Service, our team of Enrolled Agents and Tax Preparers brings deep experience serving individuals and small businesses in the Pacific Northwest, delivering customized solutions for your tax needs. 3. Reputation and Recommendations Investigate a tax professional’s track record before making a decision: Online Feedback: Review platforms like Google or Yelp to gauge client experiences. Look for consistent positive feedback and note how professionals address any criticism. Personal Referrals: Ask colleagues, friends, or family for recommendations to gain insight into a professional’s reliability and approach. Professional Affiliations: Membership in groups like the National Association of Tax Professionals (NATP), National Association of Enrolled Agents (NAEA), or American Institute of CPAs (AICPA) signals a commitment to high standards and ongoing education. 4. Ethical Pricing Tax preparation costs depend on the complexity of your return and the professional’s expertise. Watch out for those who: Tie fees to a percentage of your refund, which may encourage unethical practices. 5. Procedures for Ensuring Accuracy A reliable tax professional follows meticulous procedures to ensure your tax return is accurate and compliant. Look for someone who: Reviews Documents Thoroughly: They carefully examine all financial records, such as W-2s, 1099s, receipts, and other relevant documents, to ensure no details are missed. Uses Professional Software: They leverage industry-standard tax software to perform calculations, cross-check data, and flag potential errors. Verifies Compliance: They stay updated on current tax laws and regulations to ensure your return adheres to federal and state guidelines, reducing the risk of audits. Conducts Client Consultations: They meet with you to discuss your financial situation, clarify discrepancies, and confirm deductions or credits to maximize accuracy and benefits. Performs Internal Reviews: They often have a second professional review the return before filing to catch any oversights. At Northwest Accounting and Tax Service, our Enrolled Agents and Tax Preparers follow these rigorous steps to deliver precise and compliant tax services tailored to your needs. 6. Communication and Availability Your tax professional should be approachable and responsive. Consider: Clarity: Do they explain tax concepts in a way that’s easy to grasp? Are they patient with your questions? Accessibility: Are they available year-round for advice, or only during tax season? Technology: Do they use secure online tools for document sharing and communication, ensuring convenience and data protection? 7. IRS Representation If you’re dealing with an audit or tax dispute, you’ll need someone who can represent you before the IRS. Only CPAs, EAs, and tax attorneys have this authority. Confirm their experience with IRS matters if this is a potential need. 8. Warning Signs to Watch For Avoid tax professionals who: Promise large refunds without reviewing your finances. Request you sign blank tax forms. Lack a Preparer Tax Identification Number (PTIN), required for anyone preparing federal tax returns for compensation. Questions to Ask Potential Tax Professionals To ensure a good fit, ask these questions during your consultation: What credentials do you hold, and how long have you been preparing taxes? Do you have experience with clients in my industry or with similar tax needs? How do you keep up with changing tax laws? What’s your fee structure, and are there any hidden costs? Can you represent me if I face an IRS audit? How do you protect my financial data? Why Choose Northwest Accounting and Tax Service? At Northwest Accounting and Tax Service, we blend personalized care with expert knowledge to support individuals and businesses across the Pacific Northwest. Our team of dedicated Enrolled Agents and Tax Preparers is committed to: Crafting tax strategies to reduce your tax burden. Providing year-round guidance for tax and financial planning. Offering clear communication and fair, forms based pricing. Using secure technology for safe, convenient document management. Learn more about our services at nwatax.net. Wrapping Up Selecting the right tax professional means finding someone who understands your financial situation, communicates effectively, and delivers expert results. By evaluating credentials, experience, reputation, procedures, and communication, you can choose confidently. At Northwest Accounting and Tax Service, we’re here to be your trusted tax partner. Ready to take the next step? Learn about our tax preparation services and make tax season stress-free! #### Understanding Tax-Reporting Requirements for Gig Economy Workers in Oregon and Washington The gig economy has exploded in recent years, offering flexible work opportunities through platforms like Uber, DoorDash, Etsy, and freelance sites. Whether you're driving rideshare passengers in Portland or delivering groceries in Camas, gig work provides independence, but it also comes with unique tax responsibilities. As a Vancouver-based firm serving clients across Oregon and Washington, Northwest Accounting & Tax Service often helps gig workers navigate these complexities. In this post, we'll break down the key federal and state tax-reporting requirements to help you stay compliant and avoid surprises come tax time. Section 2: Federal Tax Basics for Gig Workers No matter where you live, gig income is subject to federal taxes. The IRS considers most gig workers as independent contractors, meaning you're self-employed and responsible for reporting all your earnings, no matter how small. For example, a part-time DoorDash driver in Portland earning any amount must report all income, even if they don’t receive a 1099 form. Income Reporting: You must report all gig income on your federal tax return, even if it's from part-time or side work. If your net self-employment earnings (after deductions) are $400 or more, your tax preparer will file Schedule SE for self-employment taxes as part of your tax return. Common forms include Form 1099-NEC for payments of $600 or more from a single client and Form 1099-K from payment platforms for transactions meeting certain thresholds (now restored to over $20,000 and more than 200 transactions for tax year 2025 and beyond under the One Big Beautiful Bill Act). Self-Employment Taxes: These cover Social Security and Medicare, at a rate of 15.3% on net earnings. Unlike traditional employees, you pay both the employee and employer portions, but your tax preparer can ensure you deduct half on your return. Estimated Quarterly Payments: If you expect to owe at least $1,000 in taxes, make quarterly estimated payments using Form 1040-ES, which your tax preparer can help calculate and submit. Deadlines are typically April, June, September, and January. Deductions and Record-Keeping: Track expenses like mileage, supplies, and home office costs to reduce taxable income. Use apps or spreadsheets for mileage logs, and keep receipts for at least three years. Your tax preparer can review these to maximize deductions. Remember, failing to report income can lead to penalties, so gather all 1099 forms by January 31 each year, even if the higher 1099-K threshold means fewer forms this year, you still need to report all earnings. Northwest Accounting & Tax Service can handle these filings to ensure accuracy and compliance. Section 3: Oregon-Specific Requirements Oregon has a state income tax, so gig workers here face additional filing obligations on top of federal rules. The Oregon Department of Revenue (DOR) classifies gig workers as independent contractors, requiring you to report income and potentially pay estimated taxes. State Income Tax Filing: If your Oregon taxable income exceeds the filing threshold (e.g., ~$10,200 for singles in 2025), file Form OR-40. Include gig income from all sources, and note that Oregon taxes income earned in the state, even if you're a non-resident. Your tax preparer at Northwest can file this with your return for seamless compliance. Estimated Taxes: Independent contractors may need to make quarterly payments if they anticipate owing $500 or more in state taxes. Use Oregon's estimated tax worksheets to calculate; your tax preparer can handle projections and submissions. Deadlines for 2026 are April 15, June 15, September 15, and January 15 (with adjustments if falling on weekends or holidays). Other Considerations: If your gig involves selling goods or certain services, collect and remit sales tax if applicable (Oregon has no statewide sales tax, but local transit taxes like TriMet at 0.8237% for 2025 may apply in some areas). Also, watch for 1099-K reporting, which can trigger state audits; your tax preparer can ensure compliance. Oregon's personal income tax resources offer helpful tools for self-employed individuals, including forms and calculators—check out the DOR's Individuals page at https://www.oregon.gov/dor/programs/individuals/pages/pit.aspx for guidance tailored to gig workers. Northwest Accounting & Tax Service can review your situation to confirm if local taxes apply and maximize any state-specific deductions. Section 4: Washington-Specific Requirements Washington stands out with no state income tax, which simplifies things for gig workers. However, other business taxes may apply depending on your activities. No State Income Tax: You won't file a state income tax return for personal earnings. Your tax preparer will focus solely on federal reporting for income. Business and Occupation (B&O) Tax: If your gig qualifies as a business (e.g., gross income over $12,000 annually for most services), you may owe B&O tax on gross receipts. Rates vary by classification (e.g., 1.5% for service businesses). Your tax preparer can help register with the Department of Revenue and file if needed. Sales Tax: For gigs involving taxable sales or services (e.g., selling handmade goods or certain consulting), collect and remit sales tax. As of October 1, 2025, more business services are subject to retail sales tax. Your tax preparer can use the DOR's tools to determine if your work qualifies. Other Notes: Gig workers might need to address workers' compensation or unemployment insurance if hiring help, but for solo operators, federal self-employment rules dominate. Northwest Accounting & Tax Service can ensure compliance with these requirements. Tips for Staying Organized and Compliant To make tax season smoother: Use accounting software like Zoho Books to track income and expenses. As a Zoho Partner, Northwest Accounting & Tax Service can help set up your account and ensure accurate tracking tailored to your gig work. Set aside 25-30% of earnings for federal and state (if applicable) taxes to avoid surprises. Consult a professional early if you're unsure about classifications or deductions; your tax preparer at Northwest Accounting & Tax Service can provide clarity through Tax Planning appointments available outside of tax season. At Northwest Accounting & Tax Service, our team of Enrolled Agents and Licensed Tax Consultants specializes in helping self-employed individuals in Oregon and Washington. With over 60 years of combined experience, we handle everything from payroll to complex tax returns. If gig taxes feel overwhelming, schedule a free initial consultation, give us a call at our Vancouver office or visit nwatax.net to get started. We're here to make taxes less taxing! #### What the One Big Beautiful Bill Act Means for You: A Year-by-Year Breakdown Originally posted July 18, 2025 | Updated November 2025 On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (or OB3 Act) into law. This sweeping legislation includes dozens of tax-related provisions aimed at workers, retirees, small businesses, and families. But many of these changes are temporary, apply only under specific income levels, and depend on final IRS rules still being written. So instead of jumping into the fine print of legislative text, we’ve put together a year-by-year breakdown of what OB3 means for our clients at Northwest Accounting & Tax Service—and what actions you may want to take before the end of the year. Let’s dive in. 2025 Tax Year (Taxes filed in 2026) What’s Staying the Same: Standard Deduction stays high: Roughly $15,750 for individuals and $31,500 for married couples filing jointly. Lower Tax Brackets: The tax rates from the 2017 Tax Cuts and Jobs Act (TCJA) remain. New Deductions (Temporary: Only Available for Tax Years 2025 Through 2028) ✅ Tips (Temporary) Official IRS guidance on how this deduction will be implemented has not yet been issued.While tips are still considered taxable income, the One Big Beautiful Bill Act allows qualifying workers to deduct up to $25,000 of their tip income. Who Should Pay Attention to This? This deduction may significantly benefit workers in: Restaurants, bars, and coffee shops Personal care (salons, barbers, estheticians) Hotels and hospitality Rideshare and delivery services Event and catering staff Workers who report tips properly could see meaningful tax savings during 2025–2028 before this deduction expires. The deduction is up to $25,000 regardless of Single or Married Filing Joint (Married Filing Separate does not qualify for deduction) Income Limit: Must earn under $200,000 (single) or $400,000 (married filing jointly). Applies only to voluntarily given tips. Mandatory service charges and auto-gratuities do not qualify. The IRS has not yet published the list of qualifying occupations. It is expected by October 2, 2025. ✅ Overtime Pay (Temporary) Official IRS guidance on how this deduction will be implemented has not yet been issued.Workers earning less than $150,000 ($300,000 for married filing jointly) annually may deduct up to $12,500 ($25,000 for married filing jointly) of their qualified overtime premium, the extra half-time portion paid above your regular wage. For example, if your base rate is $20/hour and your overtime pay is $30/hour, the premium is $10 (the amount over your base pay rate) Who Can Benefit? This deduction is most relevant for: Construction and trade workers Healthcare professionals (nurses, aides, EMTs) Warehouse, manufacturing, and factory workers Utility, logistics, and transportation employees Any W-2 employee regularly working overtime Especially in Oregon and Washington, where cost of living pressures drive longer hours, this deduction could reduce taxable income significantly — up to $12,500 per year. The full deduction is available to individuals with MAGI (Modified Adjusted Gross Income) up to $150,000 (or $300,000 for married couples filing jointly). Above these thresholds, the deduction is phased out by $100 for every $1,000 of income over the limit. ✅ Auto Loan Interest (Temporary) Official IRS guidance on how this deduction will be implemented has not yet been issued.Deduct up to $10,000 in interest on a new auto loan if: The vehicle is assembled in the United States Vehicle must be for personal use Your income is under $250,000 (single) or $500,000 (married filing jointly) This deduction is in effect for tax years 2025 through 2028 and can be claimed whether or not you itemize deductions. Final reporting instructions are expected from the IRS. ✅ Trump Accounts for Children (Temporary) If you welcome a new child between 2025 and 2028, a federally seeded investment account will be created. $1,000 initial federal deposit Families can contribute up to $5,000/year Accounts function like education savings or Roth-like accounts (details pending) Start planning if you're expecting or recently had a child. ✅ Expanded Child Tax Credit (Temporary) The credit increases from $2,000 to $2,200 per qualifying child, indexed for inflation. Income phase-out begins at $200,000 (single) or $400,000 (married filing jointly) ✅ Standard Deduction Add-On (Temporary) The OB3 Act permanently raises the standard deduction and temporarily adds an “add-on” amount through 2028. This extra deduction applies automatically — no special paperwork needed — and increases your overall standard deduction even if you don’t qualify for any other OB3 deductions. Here’s how it breaks down for 2025: Single filers receive a $1,000 add-on, increasing the standard deduction from $14,750 to $15,750 total. Head of Household filers receive a $1,000 add-on, raising the deduction from $22,625 to $23,625 total. Married Filing Jointly filers receive a $1,500 add-on, increasing the standard deduction from $30,000 to $31,500 total. These increases will adjust for inflation each year, and the add-on is available through the 2028 tax year. If you're also age 65 or older, the senior deduction (explained below) can be added on top of this amount. ✅ Standard Deduction Add-On (Temporary) If you are age 65 or older, the OB3 Act provides an additional senior-specific deduction on top of the regular standard deduction, available through 2028. This benefit is separate from the standard deduction add-on and is designed to offer extra relief to retirees and older taxpayers. Here’s how the senior add-on works in 2025: Single filers age 65 or older receive a $6,000 senior add-on, increasing the standard deduction from $15,750 to $21,750 total. Married Filing Jointly, one spouse age 65 or older receives a $6,000 senior add-on, raising the standard deduction from $31,500 to $37,500 total. Married Filing Jointly, both spouses age 65 or older receive a $10,000 senior add-on, increasing the deduction from $31,500 to $41,500 total. Keep in mind, this deduction begins to phase out at higher income levels — the IRS has not finalized the exact phase-out thresholds, but we expect them to begin around $150,000 for single filers and $300,000 for married couples. Planning Tip: If you're 65 or older (or turning 65 before the end of the tax year), make sure you inform your tax preparer — this deduction is not applied automatically unless your age is correctly entered on your return. ✅ Charitable Deduction for Non-Itemizers (Temporary) From 2025 through 2028, taxpayers who do not itemize may still deduct qualifying charitable contributions: Deduction Amount: Up to $2,000 for Married Filing Jointly (MFJ) Up to $1,000 for Single or Head of Household (HOH) Single / HOH: Up to $250,000 modified adjusted gross income (MAGI) Married Filing Jointly: Up to $500,000 MAGI ✅ State and Local Tax (SALT) Deduction Cap Increase (2025–2028) The OB3 Act temporarily raises the cap on state and local tax (SALT) deductions — which includes property taxes, state income taxes, and certain local taxes — for the 2025 through 2028 tax years. Previously, the SALT deduction was limited to $10,000 per return. Starting in 2025, the new law increases the cap to: Up to $40,000 for Married Filing Jointly Up to $20,000 for Single and Head of Household filers This is especially significant for taxpayers in Oregon, where state income taxes and property taxes often exceed the old $10,000 cap. Higher-income households and those with larger homes or investment properties will benefit most — assuming they itemize deductions. For Washington residents, there’s still potential benefit, particularly for those with high property taxes or local levies, but no savings from state income tax since Washington doesn’t have one. Planning Tip: If you normally itemize, this is a good time to review your 2025 state and local tax payments to see if you can now deduct more than in past years. Bunching property tax payments or estimating state tax payments before year-end might help maximize your deduction. Keep in mind: this expanded cap is only available through 2028 unless Congress extends it. If you plan to sell property, relocate, or have unusually high local taxes, it's worth discussing whether to accelerate or defer certain payments based on your itemization strategy. 2026 Tax Year (Taxes filed in 2027) While 2025 introduces several temporary deductions aimed at individuals, 2026 brings in major long-term changes for small businesses and investors. These provisions are largely permanent under the OB3 Act and offer significant tax-saving opportunities for business owners, contractors, landlords, and entrepreneurs. ✅ The 20% Qualified Business Income (QBI) Deduction is Now Permanent The 20% QBI deduction — originally part of the 2017 Tax Cuts and Jobs Act — is now permanent under the OB3 Act. This deduction allows eligible business owners to deduct up to 20% of their qualified business income (QBI) directly from taxable income, reducing their overall tax bill. Here’s how it works in 2026: Deduction Amount: Up to 20% of QBI from a U.S.-based sole proprietorship, partnership, S-corporation, or certain rental activity Minimum Deduction: A minimum deduction of $400 applies, but only if you have at least $1,000 in QBI from an active trade or business Phase-Out Thresholds for 2026 (indexed annually): $170,050 for Single filers $340,100 for Married Filing Jointly If your income exceeds these thresholds, certain limitations kick in — especially for “specified service trades or businesses” (SSTBs) like law, consulting, health, and financial services. Above the phase-out range, the deduction may be reduced or eliminated entirely unless you meet wage and asset thresholds. Who qualifies: Sole proprietors filing Schedule C S-corp and partnership owners receiving pass-through income Rental property owners with active participation or qualified real estate activity Planning Tip: Business structure, payroll setup, and how you allocate income all affect eligibility. If you’re near the phase-out range, we may recommend strategies like retirement plan contributions or wage adjustments to preserve the deduction. ✅ Qualified Small Business Stock (QSBS) Capital Gains Exclusion (Permanent) The OB3 Act permanently expands the capital gains exclusion under Section 1202 for sales of Qualified Small Business Stock (QSBS) — offering powerful long-term tax savings for investors, startup founders, and small business owners. Under the updated rules: You may exclude up to 100% of capital gains from federal taxes when selling QSBS The stock must be held for at least 5 years The issuing corporation must be a qualified C-corporation The corporation’s gross assets must not exceed $50 million at the time of stock issuance The company must be engaged in an active trade or business, excluding some service-based fields (e.g., law, health, finance) What changed under OB3? The OB3 Act makes the 100% exclusion permanent (previously, it was set to drop to 50% or 75% for stock issued after 2025) It expands eligibility to more industries and removes some timing restrictions for founders and early-stage investors It clarifies that the exclusion is available even if gains are passed through via partnerships or S-corps, as long as holding and original issuance rules are met Exclusion limits: The exclusion generally applies to the greater of $10 million or 10 times your basis in the stock This applies per-issuer, meaning you can repeat this strategy across multiple companies Example: If you invest $100,000 in QSBS and sell it for $1.2 million after 5 years, you may exclude 100% of the $1.1 million gain from federal income tax. Planning Tip:If you’re starting a new business or raising capital, consider forming a C-corporation and issuing QSBS to founders or early investors. It’s also worth reviewing older investments to see if they qualify under the new rules. Real Estate and Depreciation ✅ Section 179 Expensing (Permanent) Section 179 allows small businesses to immediately deduct the full cost of qualifying equipment and business assets in the year they’re placed in service — instead of spreading depreciation over several years. The OB3 Act permanently expands the deduction limits, making this a core tool for tax planning. Here’s what you need to know for tax year 2026: Maximum Deduction Limit: Up to $2.5 million per year Phase-Out Threshold: Begins when total qualifying purchases exceed $4 million These figures are indexed for inflation annually, so they will increase slightly each year going forward What qualifies for Section 179: Machinery, tools, and manufacturing equipment Office furniture, computers, and software Certain nonresidential building improvements (like HVAC, alarm systems, and roofing) Vehicles used more than 50% for business (with some weight and cost limits) What does not qualify: Land or buildings Property used outside the U.S. Assets acquired from related parties Example: If you buy $100,000 worth of equipment for your business in 2026, and place it in service before year-end, you can deduct the entire $100,000 on your 2026 tax return — assuming you stay under the annual purchase cap. How this works with Bonus Depreciation:Under OB3, you can still use 100% bonus depreciation as a fallback. Most businesses apply Section 179 first, then use bonus depreciation to deduct any remaining cost. Planning Tip: For businesses planning large upgrades or expansions, timing matters. To qualify, the asset must be both purchased and placed in service during the tax year. If you take delivery after year-end, you may lose the deduction for that year. ✅ 100% Bonus Depreciation (Permanent) The OB3 Act restores and makes permanent the full 100% bonus depreciation deduction, which had been phasing out under previous tax law. This allows businesses to immediately deduct the entire cost of eligible property the year it’s placed in service — even for used equipment. Here’s how it works under the updated law: Deduction Amount: 100% of the cost of qualified property Applies to: New and used assets (as long as it’s the first time used by your business) Effective for assets placed in service on or after January 19, 2025 No annual dollar cap — unlike Section 179 What qualifies for 100% bonus depreciation? Machinery and equipment Computers and office tech Business-use vehicles (with restrictions) Furniture and fixtures Leasehold improvements Certain qualified film, television, or software production assets What doesn’t qualify: Land or buildings Property used outside the U.S. Property used less than 50% for business Example: A business purchases a $75,000 production machine and places it in service in July 2026. The full $75,000 can be deducted on the 2026 return using bonus depreciation — no need to depreciate it over 5 or 7 years. How it differs from Section 179: No purchase limit No income or taxable income requirement Can result in a net loss (NOL), whereas Section 179 is limited to taxable income Bonus depreciation is applied after Section 179 (if used together) Planning Tip:Bonus depreciation is especially helpful for: Capital-intensive businesses Companies investing in used equipment Businesses looking to reduce taxable income in a high-income year Startups planning to generate losses and carry them forward If you're planning to make large purchases before year-end, placing assets in service before December 31st ensures full deduction in that year. Other Provisions ✅ Moving Expense Deduction Repeal (Permanent) Permanently eliminated for most taxpayers. Only active-duty military and intelligence personnel under orders qualify. Tax Years 2027 and 2028 – The Countdown to Expiration Many of the individual tax benefits introduced by the OB3 Act are temporary and scheduled to expire after the 2028 tax year. Without new legislation, these deductions and expanded thresholds will disappear — and some will revert to pre-OB3 rules starting in 2029. Here’s what’s currently set to expire after 2028: 1. Tip Income Deduction (ends after 2028)The ability to deduct up to $25,000 in qualified tip income is temporary. If you work in a tipped industry, make sure you’re claiming this deduction each year through 2028 and keeping accurate records. 2. Overtime Premium Deduction (ends after 2028)W-2 employees earning overtime premiums can deduct up to $12,500 annually, but only through 2028. If you're regularly working overtime, now is the time to maximize this benefit. 3. Auto Loan Interest Deduction (ends after 2028)Interest on loans for U.S.-assembled personal-use vehicles is only deductible through 2028. If you're considering financing a vehicle, doing so before the deadline may allow you to deduct interest for multiple years before the benefit sunsets. 4. Senior Deduction Add-On (ends after 2028)The additional $6,000–$10,000 deduction for seniors (age 65+) is only in effect through 2028. If you're nearing retirement, it's important to plan for income positioning and timing. 5. Standard Deduction Add-On (ends after 2028)The extra $1,000–$1,500 added to the base standard deduction phases out after 2028. After that, the standard deduction reverts to the OB3 base amount (still higher than pre-2025 levels, but without the add-on). 6. SALT Deduction Cap Increase (ends after 2028)The expanded state and local tax (SALT) deduction cap — raised to $40,000 for married filers — will expire, returning to the $10,000 cap unless extended by Congress. For Oregon taxpayers, this is a big one to watch. 7. Non-Itemizer Charitable Deduction (ends after 2028)The ability to deduct cash charitable donations without itemizing is temporary. If you don’t normally itemize, consider planning larger gifts between now and the end of 2028 to take advantage of this option. 8. Trump Accounts / Child Investment Accounts (ends after 2028)Children born between 2025 and 2028 are eligible for a $1,000 federal seed investment and up to $5,000 in annual parent contributions. No new accounts will be created after 2028 unless the program is renewed. What This Means for You If you qualify for any of these benefits, your planning window closes at the end of 2028. This gives you four tax years — 2025 through 2028 — to: Accelerate income or deductions to maximize benefit while they’re available Make qualifying purchases (vehicles, equipment, gifts, contributions) Adjust income levels to stay under deduction phase-out thresholds Coordinate with retirement timing, especially for seniors approaching age 65 Planning Tip: Don’t wait until 2028 to act — the IRS may tighten documentation or issue new limitations as we approach the sunset year. Take advantage of what’s available now while the rules are clear. Final Thoughts from Northwest Accounting Final Thoughts from Northwest Accounting The One Big Beautiful Bill Act brings some of the most significant tax changes we’ve seen in years — with new opportunities for working families, seniors, and small business owners alike. But while the headlines sound promising, many of the most impactful deductions are temporary, income-limited, and still awaiting final guidance from the IRS. At this time, we advise clients to avoid making any major tax moves based solely on what the law might allow. Key details — including eligibility rules, income phase-outs, documentation standards, and how deductions will be claimed on 2025 tax forms — are still being finalized. That said, now is the right time to: Understand which OB3 provisions may apply to your situation Begin collecting the right documentation (tip logs, overtime records, purchase receipts, etc.) Schedule a planning session to stay ahead of IRS developments We’re currently accepting tax planning appointments from August through November 2025.Call us at (360) 694-8206 or visit nwatax.net to book your spot. As soon as final IRS rules are released, our team will be ready to help you make smart, compliant tax decisions — so you can take full advantage of what OB3 allows, without surprises. #### What to Expect During Tax Return Preparation at Northwest Accounting & Tax Service Tax season doesn’t have to be a hassle. At Northwest Accounting & Tax Service, we focus on accuracy, communication, and transparency. Our tax return preparation process is designed to give you confidence at every step—whether you're meeting with us in person or submitting everything online. Our 5-Step Tax Return Preparation Process We tailor our approach based on how you choose to work with us, while keeping your return accurate and secure. 1. Start Your Tax Return Preparation: Intake Options for New and Returning Clients New clients begin with an in-person appointment. This allows us to get familiar with your tax situation and ask the right questions from the start. Returning clients can choose from three options: Schedule an in-person appointment with a preparer. Drop off documents at the front desk during business hours. Use our secure client portal to upload tax documents at your convenience. Tip: If you’re new, bringing your prior-year tax return can help streamline the process. 2. How We Match You with the Right Preparer For drop-off returns—whether in person or via portal—your file is assigned to a preparer based on their experience, tax knowledge, and current availability. For in-person appointments, the preparer you meet with will handle your return directly. We check your documents for completeness and accuracy. If anything is missing, we’ll contact you before moving forward. Tip: Selecting “Anyone can prepare my return” often results in a faster turnaround. Regardless of who prepares it, every return is peer-reviewed before it’s finalized. 3. Tax Return Preparation & Peer Review for Accuracy Your preparer uses current tax law and professional software to complete your return thoroughly and accurately. We calculate your deductions, apply eligible credits, and address anything out of the ordinary. Once completed, your return is peer-reviewed by another team member. This extra step helps prevent errors, adds a second perspective, and upholds the quality of our work. If questions arise during the review, we’ll reach out to clarify before your return moves forward. 4. Final Review + Completing Your Tax Return Preparation You’ll have the chance to review your return either in person or through the secure client portal. We walk you through the outcome and answer any questions. If you owe taxes, we’ll provide: Payment vouchers for each taxing agency Pre-addressed envelopes for mailing payments Estimated tax payment vouchers, if needed for the next tax year You’ll sign the return either in person or digitally, depending on how you choose to review. 5. E-Filing and Digital Access to Your Tax Return After signing, we e-file your return with the IRS and/or your state(s). A digital copy of your return is provided for every client: If you sign digitally, it’s uploaded to your portal during the review stage. If you sign in person, it’s uploaded shortly after your return is e-filed. Why Choose Northwest Accounting? We’re not a chain. We’re local professionals who value accuracy and service. Here's what makes our process stand out: Peer-reviewed returns—every time Secure digital access to all documents Options that fit your schedule—in-person or remote Experienced preparers matched to your needs Frequently Asked Questions Q: How long does it take to complete my return?Most drop-off returns are completed within 14 days of receiving all final documents. Some may take longer depending on preparer availability or the complexity of your return. Q: Can I work with you remotely?Yes—returning clients can upload documents and sign digitally using our secure portal. If you'd rather meet face-to-face, in-person appointments are available. Q: Can you help with old tax years or corrections?Absolutely. We work with clients on prior-year returns, amendments, audits, and tax notices. Final Thoughts At Northwest Accounting & Tax Service, we believe in getting it right the first time—with communication, care, and accountability. Whether you’re filing a simple return or managing a complex tax situation, you’ll know exactly what to expect and where your return stands. Ready to file? Contact us today or log into your portal to get started. #### Why Are Tax Preparation Fees Increasing? At Northwest Accounting & Tax Service, we know that tax season can be stressful, and for many, the rising cost of tax preparation adds to that burden. You work hard for your money, and when expenses go up, it’s natural to want answers. We want you to know this up front: we do not take price increases lightly. Every dollar matters to our clients, and it matters to us too. We’re committed to keeping costs fair and transparent. We want to explain the real reasons behind these changes, not with excuses, but with the full picture. Our goal is to maintain the highest standards of service while helping you understand the value behind every return we prepare. 1. Tax Code Changes Add Time and Complexity Tax laws are constantly evolving. Over the past few years, we’ve seen everything from expanded child tax credits to pandemic-related relief programs, energy-efficiency incentives, new gig economy rules, and emerging IRS guidance on cryptocurrency and third-party payments like Venmo and PayPal. Each of these changes means new forms, new calculations, and more time spent understanding how the updates apply to your specific tax situation. We prepare returns across many states, and each state’s department of revenue has its own set of changes and compliance rules every year. All of these updates also require ongoing education for our preparers. We invest in continuing education and training each year to ensure our team is fully equipped to interpret and apply these changes correctly. This helps us provide accurate, up-to-date service and avoid costly errors that could affect your refund or increase your audit risk. Additionally, with the proposed “One Big Beautiful Bill” potentially on the horizon, more sweeping tax reforms may be coming soon. Preparing for these changes takes hours of research, training, and adjustments in our software and processes. This kind of work ensures that we stay ready, not reactive, when these shifts go into effect. 2. Inflation Affects Operating Costs You’ve likely noticed inflation in your day-to-day life, at the grocery store, at the gas pump, or in your utility bills. These cost increases impact us as a business too. Our fixed and variable operating costs have continued to rise steadily over the past few years. We now pay more for essential business expenses like commercial rent, utilities, insurance premiums, professional licensing, continuing education, and tax preparation software. These are not optional line items. They are required to keep our office running safely, efficiently, and legally. We’ve also invested significantly in technology to make your experience more convenient and secure. This includes secure client portals, digital document signing, encrypted email systems, secure servers, and updated e-filing tools. These tools help keep your personal data safe and allow us to serve you whether you’re in the office or working with us remotely. However, each one comes with subscription fees, licensing renewals, and setup costs. Inflation affects everyone. While we’ve absorbed many cost increases over time, some adjustments in our service fees are necessary to continue offering high-quality, secure, and efficient tax preparation services. 3. Each Return Takes More Time Tax preparation today is more involved than it used to be. A return that once took an hour may now take two or three, even when a client’s income appears straightforward on paper. This is because of increased documentation requirements, expanded credit eligibility, and new IRS safeguards that require extra steps to verify identities, dependents, and other details. Every return we handle goes through a multi-step process. We begin with a thorough document review, checking for missing forms, mismatches, or items that may raise red flags. Then we apply the latest tax law to your specific situation, calculating deductions, applying credits, and ensuring accuracy on every line. Once the preparer completes the return, it is peer-reviewed by another team member. This second set of eyes helps catch errors, confirm that all tax-saving opportunities were explored, and maintain our high standard of quality. Peer review is not required by law, but we consider it an essential part of responsible tax work. All of these steps take time. They also reduce the risk of mistakes, IRS notices, and processing delays. We believe it is better to do things thoroughly the first time, and our clients agree. 4. Labor Shortages Increase Overtime Hours Across the country, the tax and accounting industry is facing a shortage of experienced professionals. Fewer people are entering the field, and many seasoned tax preparers are retiring. This creates a hiring gap that affects firms of all sizes, including ours. At Northwest Accounting & Tax Service, we’ve maintained a strong, knowledgeable team by prioritizing training, staff retention, and internal development. But during peak tax season, even the best-prepared firms experience increased workload. To meet client expectations and keep turnaround times reasonable, we often need to schedule longer shifts and weekend hours for our staff. That means many of our team members are working overtime, not just in hours, but in mental focus and attention to detail. We believe in compensating our staff fairly for that effort. After all, you rely on us to get it right, even when deadlines are tight and volumes are high. These extended hours at overtime rates contribute to the overall cost of preparing returns. Still, we believe this investment in people pays off. It allows us to maintain quality, consistency, and the personal service our clients have come to expect, without rushing through returns or cutting corners. 5. You Still Get Full Value for Your Return While the cost of tax preparation continues to increase, we make sure the value of what you receive rises with it. Our pricing is not just about filling out forms. It reflects the experience, time, and care that goes into each return, along with the support we provide year-round. When you choose Northwest Accounting & Tax Service, you are getting: A tax return prepared by an experienced professional who understands the latest federal and state regulations A thorough peer review to ensure accuracy and reduce the chance of errors or IRS follow-up Secure, digital access to your documents through our client portal Clear communication about your results, with time set aside to explain any balance due, refund amount, or next steps Guidance on estimated tax payments or future planning based on your current situation Support after the filing date, including assistance with notices, corrections, or questions We also make sure every return is customized to your situation. Whether you are a W-2 employee, a self-employed contractor, a retiree, or managing rental properties, we tailor our approach to fit your needs. That level of individual care is not something you will find in mass-market tax chains or DIY software. It is important to us that our clients know they are not just paying for a service. They are investing in peace of mind. You will have the confidence of knowing your return was handled carefully and correctly by a team who knows you and values your long-term financial success. 6. We Understand the Burden and We Care We want to take a moment to emphasize that we understand the financial stress many clients are under. Rising costs are felt in every household and small business, and when you see your tax preparation fee increase, it is only natural to question why. We are part of this community too. We see the same inflationary pressures, and we know how hard you work to stay on top of your obligations. We never raise fees without careful consideration, and we are always happy to explain what goes into the cost of your return. Our goal is to build lasting relationships based on trust, service, and integrity. That includes listening, being transparent about our process, and providing consistent value each and every year. If you ever have questions about your pricing, please do not hesitate to reach out. We are here to help, not to surprise you. Final Thoughts Yes, tax prep fees have gone up. But so has the time, care, and quality behind every return we prepare. At Northwest Accounting & Tax Service, we remain focused on accuracy, transparency, and treating every client with the respect and attention they deserve. If you have concerns about your return or would like to better understand your pricing, please contact us. We are here to serve, not just during tax season, but all year long. #### Why You Should Have an IRS Identity Protection PIN Protect Your Tax Return from Identity Theft Tax-related identity theft is a growing concern, and scammers do not always need your personal information to file a false return. One of the strongest defenses you can use to protect yourself is the IRS Identity Protection PIN, or IP PIN. This tool is designed to secure your tax account and prevent unauthorized filings. What is an IP PIN? An IP PIN is a six-digit number assigned to you by the IRS. Once activated, no tax return can be filed using your Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) without this PIN. If a return is submitted without the correct IP PIN, the IRS will automatically reject it. A new and unique IP PIN is issued to you every calendar year. You must use the most recent PIN when filing your federal tax return. Why You Should Get an IP PIN Even If You Have Not Been Hacked Many people believe identity theft only occurs after a major data breach or if someone gains access to their Social Security number. However, criminals have other ways of filing false tax returns. How Scammers File Fraudulent Returns Without Your Information Random SSN Generation: Scammers use software to randomly create SSNs that fit valid patterns. These numbers may belong to people who have never filed, such as children or the deceased, or to taxpayers with minimal IRS activity. Synthetic Identity Theft: Criminals combine real SSNs with fake names and other fabricated personal details to form new, fake identities. These synthetic profiles can be used to file fraudulent tax returns. Preparer Fraud: Some dishonest tax preparers file unauthorized returns using partial or inaccurate information to generate refunds for themselves. Data from Past Breaches: Even if your SSN was stolen years ago, it could still be circulating on the dark web and used to file a return in your name. In these cases, a fraudulent refund may be issued by the IRS before you even attempt to file. That leaves you to deal with the resulting delay and cleanup. How an IP PIN Helps Prevent Tax Identity Theft The IP PIN is an added layer of protection that stops unauthorized returns. The IRS will only accept your return if it includes your current IP PIN. If a scammer files a return using your information but does not include the correct PIN, the IRS will reject it. This makes the IP PIN one of the most effective tools for protecting your refund and identity. Who Can Get an IP PIN? The IP PIN program is now available to all taxpayers who can verify their identity. You do not have to be a victim of identity theft to enroll. To be eligible: You must have a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) You must be able to verify your identity through the IRS secure system How to Get an IP PIN Visit www.irs.gov/ippin Select the Get an IP PIN tool Sign in or create an ID.me account Verify your identity using government-issued ID and a few personal details Once verified, your IP PIN will be displayed Your new PIN will be issued every year in January. Make sure to retrieve the latest one before filing your return. How to Retrieve Your IP PIN If you lose your IP PIN or did not receive one for the current year, you can retrieve it: Go to www.irs.gov/ippin Use the Get an IP PIN tool to log in to your IRS account After verifying your identity, your current IP PIN will be displayed If you are unable to retrieve your PIN online, you may call the IRS for assistance at 800-908-4490. #### Year‑End Tax Moves for Small Businesses in Washington & Oregon As 2025 winds down, it's time to stop and take stock. If you run a small business in Washington or Oregon, the last few weeks of the year are your best chance to clean up your books, reduce your tax bill, and set yourself up for a smoother 2026. Don’t wait until January. By then, the door will be closed on many money-saving moves. This guide walks you through the year-end steps that matter most — whether you're a solo freelancer in Vancouver or a 10-person team in Portland. 1. Review Your Financials Now Before you make any tax decisions, take a hard look at your current numbers. Focus on: Profit and loss statement — Are revenues up or down compared to last year? Did anything unusual happen? Outstanding invoices — Follow up on unpaid invoices now while there’s still time to collect. Expenses — Make sure you’ve recorded everything, especially recurring costs like software, mileage, or subscriptions. Estimated taxes — Check if you’re on track or might owe more than expected. If your books are behind, now’s the time to catch up. You’ll need clean records before year-end to make good decisions. 2. Lock In Deductions Before December 31 Some tax deductions only count if you pay them this year. If your income is higher than usual and you want to reduce your 2025 tax bill, consider these: 💡 Year-End Expenses That May Lower Your Taxes: Expense TypeDescriptionOffice equipmentComputers, printers, monitors — deductible under Section 179 or bonus depreciation.Software subscriptionsRenew or prepay for 2026 now (QuickBooks, Adobe, CRM tools).Professional feesPay your accountant, bookkeeper, or legal fees before Dec 31.Training & developmentOnline courses, certifications, or industry webinars.Home office expensesInternet, electricity, repairs — if you qualify. Spending just to get deductions isn’t wise. But if you planned to make a purchase anyway, doing it now could help. Consult your Accountant or Tax Professional before making big decisions or large purchases 3. Consider Entity and Tax Planning Moves Your business structure can affect your taxes more than you might think. Still a sole proprietor? Now’s the time to talk with an accountant about switching to an S-Corp for 2026. Already an S-Corp? Consider paying yourself a year-end bonus or adjusting your salary to stay compliant with IRS “reasonable compensation” rules. Thinking of retirement? You can contribute to a SEP IRA or Solo 401(k). These reduce your taxable income. You can fund them later, but often must set up the plan by December 31. Every business is different. A quick meeting with a tax pro now can help you avoid surprises later. Schedule a Tax Planning appointment with Northwest Accounting & Tax Service to discuss your options and the tax implications of each entity type. 4. Prep for Payroll and Sales Tax Reporting If you run payroll in Washington or Oregon, you’ve got extra year-end tasks to stay clean and compliant. Reconcile payroll — Make sure employee pay, taxes withheld, and benefits are accurate before filing W-2s and 1099s. WA-specific reporting — Review requirements for the WA Cares Fund and Paid Family and Medical Leave. OR-specific reporting — Confirm you’ve handled the Corporate Activity Tax (CAT) properly. Sales tax filings — If you collect sales tax in WA, check that your filings are up to date before the year closes. Important: We don’t suggest making any payroll or tax adjustments without first speaking with your accountant or tax advisor. These changes can have long-term impacts. Call us to schedule a tax planning appointment with Northwest Accounting & Tax Service. We’ll help you wrap up 2025 correctly and start 2026 on solid ground. 5. Prepare for a Clean Start in 2026 Even if 2025 didn’t go how you planned, you can start 2026 on better footing. Here’s how: Get Ready for Next Year: Back up your books — digitally and securely. Review your budget — compare actuals to planned and make a realistic 2026 forecast. Set calendar reminders — estimated tax payments, license renewals, filing deadlines. Review pricing and contracts — factor in inflation, cost increases, or scope changes. Clean up inactive clients or vendors in your system. ✅ Year-End Tax Checklist for Small Businesses TaskDeadlineReconcile books (income + expenses)Dec 15–20Pay final 2025 business expensesDec 31Send 1099s to contractorsJan 31, 2026Final estimated tax payment (Q4)Jan 15, 2026Set up SEP IRA or Solo 401(k) planDec 31Review payroll reports for W-2 accuracyJan 15, 2026File WA/OR state business renewalsJan 1–31Meet with accountant to plan for 2026Before January 🧾 How NW Accounting Can Help We work with local small businesses across Clark County and the Portland metro area — helping owners like you stay organized, compliant, and tax-ready. We know the Washington–Oregon border tax issues inside and out. Need help reviewing your books or planning year-end tax moves?Call us to schedule a tax planning appointment with Northwest Accounting & Tax Service before December fills up. 👋 Final Thought Every small business can benefit from a year-end review. Whether you're looking to lower your tax bill, tidy up your books, or plan for growth in 2026, the time to act is now — not in April when it’s too late. Reach out if you’d like help finishing strong. CONTACT US ### Pages #### Career Opportunities Tax Preparer (In-Office) Full Time Seasonal More Details Seasonal Tax Preparer (In-Office) Full Time Seasonal More Details #### Contact Us Contact Us Let’s work together Thank you for your interest inNorthwest Accounting & Tax Service. We're excited to hear from you. Call us (360) 694-8206 Visit Our Office 1307 NE 78th St #B12 Vancouver, Wa 98665 Working with our clients, not simply for them. NW Accounting, Inc. dba Northwest Accounting & Tax Service is proud to offer accurate, affordable accounting, payroll and tax services to residents and small businesses in Vancouver, WA and the surrounding area. We offer flexible hours and appointment scheduling to meet the specific needs of each of our clients We also offer consultations to prospective clients. Check out our selection of tax forms and resources to get started! To schedule an appointment or to set up a consultation, call or text us today at 360-694-8206. We are happy to answer short questions over the phone. We can be reached via our contact form as well for brief inquiries. We at Northwest Accounting & Tax Service look forward to hearing from you soon. Contact #### Drop Off Drop Off Your Documents If you are a returning client, you may drop off your documents at any time and our Preparers will get your return completed without the need of an in person meeting.  Step 1 Gather Your Documents Having all of your tax related documents before dropping off will help ensure timely filing of your tax return.We have a helpful guide HERE to assist you with gathering the necessary items Some documents might include:Identity Protection PIN (IP PIN)Signed Agreement to complete return.Income statements: W-2, W-2g, 1099-R, etc.Interest and dividends statements from banks, brokerages, etc.Form 1098 from your mortgage lenderAny changes in household, dependents, marital status, etc.Bank routing and account numbersThe amount you paid for childcare and the childcare provider’s tax identification numberReceipts for charitable donationsSocial Security or other taxpayer ID numbers for yourself, spouse and/or dependents. Step 2 Drop Off Your Documents Stop by our office and drop off your documents with our reception desk. Your Preparer will contact you with any questions and/or to let you know when we are finished.      Step 3 Pick Up & Sign When your return is finished, you can choose to come in and sign your return or choose to receive it and digitally sign it online through our Secure Portal. The choice is yours. Alternatively File Your Taxes With Another Option Choose from one of our other convenient tax preparation options In-Person Meet with a Preparer and go over all the details of your return.  In-Person Make an in-person appointment to meet with your preparer. Get Started Online Have your taxes completed remotely by uploading your documents Online Upload your documents to our Secure Portal and we'll handle the rest. This option is for returning clients only. Get Started #### Faq Frequently Asked Questions c Expand All C Collapse All Accounting & Payroll Questions (4) a Do you assist with payroll services for businesses in Vancouver, WA? Category: Accounting & Payroll Questions Yes, we offer payroll services for businesses in Vancouver and surrounding areas, ensuring compliance with Washington and Oregon regulations. a Do you help with Washington-specific tax regulations? Categories: Accounting & Payroll Questions Tax Preparation Questions Yes, we assist with Washington tax compliance, including B&O tax filings, sales tax, and other state-specific requirements. a Do you offer small business accounting services in Vancouver, WA? Categories: Accounting & Payroll Questions General Business Questions Yes, we specialize in accounting services tailored for small businesses in Vancouver and the greater Clark County area. a What services does Northwest Accounting & Tax Service offer in Vancouver, WA? Categories: Accounting & Payroll Questions General Business Questions Tax Preparation Questions We provide comprehensive tax preparation, accounting, payroll services and notary services for individuals and small businesses in Vancouver, WA, and surrounding areas. General Business Questions (10) a Do you help with tax planning for small business owners? Category: General Business Questions Yes, we offer strategic tax planning services to help small business owners minimize their tax liability and maximize savings. a Do you offer small business accounting services in Vancouver, WA? Categories: Accounting & Payroll Questions General Business Questions Yes, we specialize in accounting services tailored for small businesses in Vancouver and the greater Clark County area. a Do you offer support for freelancers and self-employed individuals? Category: General Business Questions Absolutely. We help freelancers and self-employed individuals navigate quarterly tax payments, deductions, and record-keeping. a Do you serve clients outside of Vancouver, WA? Categories: General Business Questions Tax Preparation Questions Yes, we serve clients from Camas, Washougal, Battleground, Yacolt, Ridgefield, LaCenter, Woodland, Kalama, Longview, Portland, and beyond. a How can I ensure my business is compliant with Washington state taxes? Category: General Business Questions Our experts stay updated on Washington tax laws and will work with you to ensure compliance with all state tax requirements, including sales tax and B&O tax. a How do I contact Northwest Accounting & Tax Service? Category: General Business Questions You can call or text us at (360) 694-8206 or visit our Contact Us page for more options. a What are the benefits of hiring a local tax consultant? Categories: General Business Questions Tax Preparation Questions Hiring a local tax consultant ensures you receive guidance from professionals who understand Washington and Oregon tax laws and are familiar with local regulations. a What makes Northwest Accounting & Tax Service a trusted local provider? Category: General Business Questions As a locally owned and operated business, we’ve been serving the Clark County community for over 40 years. Our team understands Washington and Oregon-specific tax regulations, ensuring accurate and personalized service. a What services does Northwest Accounting & Tax Service offer in Vancouver, WA? Categories: Accounting & Payroll Questions General Business Questions Tax Preparation Questions We provide comprehensive tax preparation, accounting, payroll services and notary services for individuals and small businesses in Vancouver, WA, and surrounding areas. a Where is Northwest Accounting & Tax Service located in Vancouver, WA? Category: General Business Questions We are conveniently located at 1307 NE 78th St suite B12 near Hwy 99 in the Hazel Dell area Tax Preparation Questions (10) a Are your tax professionals certified to represent clients before the IRS? Category: Tax Preparation Questions Yes, our team includes Enrolled Agents (EAs) and Licensed Tax Consultants (LTCs) qualified to represent clients before the IRS and state tax authorities. a Do you help with Washington-specific tax regulations? Categories: Accounting & Payroll Questions Tax Preparation Questions Yes, we assist with Washington tax compliance, including B&O tax filings, sales tax, and other state-specific requirements. a Do you offer tax services for residents of Clark County? Category: Tax Preparation Questions Yes, we proudly serve individuals and businesses across Clark County and beyond, including Camas, Washougal, Battleground, Yacolt, Ridgefield, LaCenter, Woodland, Kalama, Longview, Portland. a Do you serve clients outside of Vancouver, WA? Categories: General Business Questions Tax Preparation Questions Yes, we serve clients from Camas, Washougal, Battleground, Yacolt, Ridgefield, LaCenter, Woodland, Kalama, Longview, Portland, and beyond. a How can I access my tax documents securely online? Category: Tax Preparation Questions Clients can access and upload tax documents through our secure Client Portal. a How can I schedule a tax consultation with your Vancouver office? Category: Tax Preparation Questions To schedule a consultation, call or text us at (360) 694-8206 email us at nwatax@parse.atomanager.com or visit our Contact Us page to send a message a What are the benefits of hiring a local tax consultant? Categories: General Business Questions Tax Preparation Questions Hiring a local tax consultant ensures you receive guidance from professionals who understand Washington and Oregon tax laws and are familiar with local regulations. a What are your office hours during tax season? Category: Tax Preparation Questions During Tax Season (typically, the first week of February through the 15th of April) we are available from 9:00am to 7:00pm Monday through Thursday, 9:00am to 6:00pm on Fridays and 9:00am to 3:00pm on Saturdays a What services does Northwest Accounting & Tax Service offer in Vancouver, WA? Categories: Accounting & Payroll Questions General Business Questions Tax Preparation Questions We provide comprehensive tax preparation, accounting, payroll services and notary services for individuals and small businesses in Vancouver, WA, and surrounding areas. a What should I bring to my tax preparation appointment? Category: Tax Preparation Questions Please bring identification, prior year tax returns, income documents (W-2s, 1099s), expense receipts, and any relevant financial records. We offer a downloadable checklist that you can find on our website’s Tax Forms & Resources page #### File In Person Meet 1-on-1 With a Tax Preparer A 1-on-1 meeting with a Tax Preparer is required for all first time clients to Northwest Accounting & Tax Service.Returning clients are welcome to choose an in person meeting or choose from one of our other filing methods.  Step 1 Gather Your Documents Having all of your tax related documents at your tax appointment will help ensure timely filing of your tax return.We have a helpful guide HERE to assist you with gathering the necessary items Some documents might include:Income statements: W-2, W-2g, 1099-R, etc.Interest and dividends statements from banks, brokerages, etc.Form 1098 from your mortgage lenderA copy of last year’s tax returnBank routing and account numbersThe amount you paid for childcare and the childcare provider’s tax identification numberReceipts for charitable donationsSocial Security or other taxpayer ID numbers for yourself, spouse and/or dependents. Step 2 Schedule an appointment For your convenience, Northwest Accounting & Tax Service offers the flexibility to schedule an appointment in advance by calling our office or clicking the link below.Schedule Appointment Step 3 Attend Appointment On the date of your appointment, your preparer will have several other appointments. Please respect their time and be punctual. Check in with reception when you arrive. You will be required to present ID and fill out some paperwork. Alternatively File Your Taxes With Another Option Other options are available for returning clients only. If you have not filed your taxes with Northwest Accounting & Tax Service previously, we will require an in person appointment Online Have your taxes filed remotely by uploading your documents to our secure online portal. Online Upload your documents to our secure portal and we'll handle the restThis option is for returning clients only Get Started Drop Off Drop off your documents with our receptionist.  Come back later to sign and pick up your taxes.  Back Title Simply drop off your documents and we'll call you when we're doneThis option is available for most returning clients Get Started #### File My Taxes We offer several choices to file your taxes. Which is best for you? In-Person Meet with your Preparer and go over all the details of your return. In-Person Make an in-person appointment to meet with your preparer.This is required for all first-time clients Get Started Online Have your taxes filed remotely by uploading your documents. Online Upload your documents to our portal and we'll handle the rest.This option is for returning clients ONLY. Get Started Drop Off Drop off your documents with our receptionist. Come back later to sign and pick up your taxes. Drop Off Simply drop off your documents and we'll call you when we're done.This option is available for most returning clients. Get Started #### File Online Use Our Secure Portal Using our Secure Online Portal, you can upload your documents to Northwest Accounting & Tax, pay your invoice, receive your return and e-sign your e-file documents.  Step 1 Upload Your Documents Login to your PORTAL and upload all of your tax documents. Once all documents are uploaded, send us a message in the portal letting us know you are finished. (We will not start your return until we get this message).Your preparer will contact you with questions and/or to let you know when we have your return complete. Helpful Videos Some documents might include:Signed Agreement to complete return.Income statements: W-2, W-2g, 1099-R, etc.Interest and dividends statements from banks, brokerages, etc.Form 1098 from your mortgage lenderAny changes in household, dependents, marital status, etc.Bank routing and account numbersThe amount you paid for childcare and the childcare provider’s tax identification numberReceipts for charitable donationsSocial Security or other taxpayer ID numbers for yourself, spouse and/or dependents. Step 2 Review & Pay Once your return is complete, you will receive a notification to review your return on the portal. After reviewing your return, you can pay your invoice and then e-sign your e-file documents.  Alternatively, you can come into the office to review and sign. Step 3 Download Your Return With our portal, you can download your return at any time Alternatively File Your Taxes With Another Option Choose from one of our other convenient tax preparation options In-Person Meet with a Preparer and go over all the details of your return.  In-Person Make an in-person appointment to meet with your preparer. Get Started Drop Off Drop off your documents with our receptionist.  Come back later to sign and pick up your taxes.  Back Title Simply drop off your documents and we'll call you when we're doneThis option is available for most returning clients Get Started #### Helpful Videos Download Secure Portal & Document Uploads Download Portal Forms & E-Sign https://youtu.be/UP5YmtR5Rz8?si=Qkmvi275Axr6HHgG Make Payments to the IRS https://www.youtube.com/watch?v=EBUXPKVQbpo&t=4s Make Payments to Oregon DOR #### Home More than 30+ years serving Clark County Serving Our Community Is Our Passion Our tax consultants specialize in personal taxes and the needs of small businesses. We strive to deliver precise and reliable services at the most affordable rates, tailored to meet the unique requirements of both individuals and businesses Get in touch Accounting Our expert Accountants can help you accurately track income and expenses. Payroll Our highly skilled Payroll Specialists offer both Washington and Oregon payroll services Tax Services Our Tax Professionals & Enrolled Agents are experts in business and personal taxes. About Us Deeply Rooted inClark County. As a proudly locally owned business, deeply rooted in the Vancouver, WA community, we are dedicated to supporting small businesses throughout Clark County, including Vancouver, Hazel Dell, Salmon Creek, and Minnehaha. Our reach extends beyond these neighborhoods, serving clients from Camas, Washougal, Battleground, Portland, and beyond, all drawn to our top-tier tax, accounting, and payroll services. Since incorporating in 2001, Northwest Accounting & Tax Service has consistently invested in ongoing education, ensuring we provide some of the best professional assistance in the Vancouver area.Suzanne Clem, EA, LTC, our company president, brings over 20 years of experience and expertise. As both a qualified IRS Enrolled Agent and an Oregon Licensed Tax Consultant, she is equipped to represent you with confidence before the IRS and OR DOR on tax matters. Our tax team also includes Janelle Baker, AFSP, who joined in 2018; Lewis Gerhardt, who became part of the team in 2023; and Miriam Ito, LTP, who joined the team in 2025. Together, our staff collaborates seamlessly, combining their diverse skills and experiences to deliver accurate, high-quality services.Our dynamic team is equipped with a broad range of skills that support both your business and ours throughout the year. During tax season, we strategically expand our workforce to ensure we maintain exceptional service during our busiest times. 8 Team Members 60+ Years Combined Experience 1200+ Yearly Tax Returns 100+ Accounting & Payroll Clients Ready for a Consultation? We offer Consultations in office or over the phone.First half hour free to answer general questions, point you in the right direction or just to get acquainted. Call Us Today (360) 694-8206 We look forward to meeting your business needs Access Tax Forms and Resources Easy access to various forms and links that clients need to have to be able to file swiftly and appropriately. Find Forms Secure Client Portal Easy access to documents and records. Upload files, documents and send questions for our specialists. Access Portal Client Reviews We are very proud of the relationship we have with our clients. Read what they have to say about us. Read Reviews #### Meet Our Team Suzanne Clem, EA President Suzanne Clem, EA President Since her arrival at Northwest Accounting in 2014, Suzanne has been a pivotal figure in the firm's growth and achievements. Her journey within the company culminated in her assuming the presidency in 2023 and subsequently taking ownership in 2024, marking significant milestones in her professional career. Suzanne possesses a wealth of knowledge in tax and accounting, underpinned by over 15 years of experience and continuous professional development. As an Enrolled Agent, her expertise has been instrumental in her contributions to the company. #### Our Blog URL: https://nwatax.net/blog/ #### Payroll Services Payroll Services Managing payroll can be time-consuming and stressful, especially with the ongoing changes in tax laws and reporting requirements. At Northwest Accounting & Tax Service, we offer reliable, accurate, and compliant payroll services tailored to small businesses in Vancouver and the surrounding areas. Our goal is to take the hassle out of payroll so you can focus on running your business. What We Offer We provide full-service payroll solutions designed for small to mid-sized businesses, including: Payroll processing using weekly, biweekly, semimonthly, or monthly schedules Direct deposit and pay stub management Federal and state payroll tax withholding and reporting Electronic tax payments using EFTPS, Oregon Revenue Online, and other portals Quarterly and annual payroll filings including Forms 941, 944, 940, W-2, W-3, and 1099s New hire reporting and compliance Customized payroll and employee summary reports Year-end reconciliation and filing support Who We Serve Our payroll services are ideal for: Local small businesses with employees or contractors Sole proprietors who are hiring their first employee Established companies that want to outsource payroll for efficiency and accuracy Employers with staff in both Oregon and Washington who need guidance on state-specific payroll rules Why Choose Northwest Accounting & Tax Service Local support from a Vancouver-based team that understands regional payroll requirements Compliance-focused service that helps ensure your business meets all filing deadlines and avoids penalties Personal attention with real people who know your business Integrated solutions that align payroll with your tax and accounting needs Straightforward pricing with no hidden fees; we offer clear monthly rates based on your business size and structure Peace of Mind with Every Paycheck We take care of the payroll calculations, filings, and deposits so you don’t have to. With our help, your employees will be paid accurately and on time, and your payroll taxes will be managed correctly and on schedule. Ready to Simplify Payroll? Contact us today to learn more about how we can tailor a payroll solution that fits your business. Whether you have one employee or a growing team, we’re here to make payroll easy, accurate, and compliant. Contact Us #### Reviews URL: https://nwatax.net/reviews/ #### Services Accounting, Payroll and Tax Services in Vancouver, WA Our tax preparation services include: 1040 Tax Returns for most Individuals Rental Properties Self Employed Taxes Investments, Crypto and other forms Past Years Returns Bookkepping Payroll Small Corporation, Limited Liability Company and Partnership Business Tax Returns Small Estate and Trust Tax Returns Oregon Returns and are experts with Oregon Non-Resident issues Enrolled Agent Offer In Compromise Notary Public Make an Appointment Small Business Accounting and Tax Services Payroll Services Small Business Consulting Small businesses must accurately track income and record expenses. This can consume a large amount of your time and effort, distracting you from your business’s core operations. At Northwest Accounting & Tax Service we can reduce your burden by providing expert accounting and tax services. We will help you understand your business’s financial statements, giving you greater insight and control of your business’s growth and continued success. We understand Washington Business & Occupation Excise (Sales Tax) tax returns that are required to be filed by all businesses in Washington State. We are able to use QuickBooks, QuickBooks Online and other accounting software to assist with your bookkeeping needs. Let us help you find the most streamline way to track income and expenses to be able to confidently file your tax return for your small business. Payroll for your employees and making payroll tax payments require a large amount of time, attention and care. There are many complicated laws and calculations for payroll. Miss a payment, fail to file a report or miss an update in the laws and the penalties can be very high. We help keep your payroll accurate and timely. With Vancouver, WA being a Washington/Oregon border city, the issues get even more complicated and we know how to handle them. Visit with us to see if we can help you with your payroll services. We want small businesses in our community to thrive. We would love to talk with you and help you get started right. While we are not experts in your business, we are experts in ours, and we have worked with 100’s of different companies. We can discuss entity types and the things you need to know to keep the accounting, payroll and tax services in compliance. We can help you understand Washington business and sales tax returns and of course the Federal filing requirements. If you work in Oregon, we can help with that too. We answer your questions and help you get started on a path to future success. We enjoy tax planning and can provide a review of your tax situation during the off season to ensure you are up to date and informed about the tax return you will file. We have enrolled agents for tax preparation services that can represent you when your tax return is questioned by a government agency. Click here to View Forms & Resources #### Small Business Accounting Small Business Accounting Accurate accounting is the backbone of every successful small business. At Northwest Accounting & Tax Service, we provide dependable bookkeeping and accounting services to help business owners stay organized, make informed decisions, and remain in compliance with tax regulations. Whether you need monthly financial reports or help getting your records in order for tax season, we are here to support you. Our Accounting Services We offer customized accounting support based on your business needs, including: Monthly or quarterly bookkeeping Bank and credit card reconciliation General ledger maintenance Financial statement preparation including profit and loss statements and balance sheets QuickBooks setup and support Catch-up bookkeeping for prior months or years Year-end financial reports to support tax filing Income and expense tracking for sole proprietors and small business owners Payroll Services including processing, tax filings, and direct deposit Who We Work With Our accounting services are ideal for: Sole proprietors and independent contractors LLCs and S corporations Service-based businesses Retail and trades Startups and growing small businesses Whether you are handling your books for the first time or need to clean up past records, we can help you get back on track. Benefits of Our Accounting Services Better financial visibilityKnow exactly how your business is performing so you can plan and grow with confidence. Tax readinessClean, organized records help you avoid problems during tax season and ensure you are claiming all available deductions. Time savingsFocus on running your business while we handle the details of your financial records. Compliance supportStay on top of state and federal reporting requirements with accurate and timely financial reports. Why Choose Us Experienced team with over 40 years of combined experience in accounting and tax Local support from professionals who understand small business needs in the Vancouver area Personalized attention with clear communication and timely service Integration with our tax and payroll services for complete financial support Flexible plans for monthly, quarterly, or as-needed support Let’s Get Your Books in Order Whether you need ongoing accounting support or just want help cleaning up the books before tax season, Northwest Accounting & Tax Service is here to help. Contact us today to learn how we can support your business. Contact Us #### Small Business Tax Services Small Business Tax Services Running a business takes time, energy, and focus. At Northwest Accounting & Tax Service, we help small business owners manage their tax obligations with confidence and accuracy. Whether you're a sole proprietor, LLC, S corporation, or partnership, we provide expert tax preparation and advisory services designed to keep your business compliant and financially sound. What We Do We work with small businesses throughout Vancouver and surrounding areas to handle their federal and state tax requirements. Our services include: Preparation and filing of business tax returns including Forms 1120S, 1065, and Schedule C Quarterly and year-end tax filings State tax filings for Oregon and Washington businesses Estimated tax calculations and payment support 1099 filing for contractors Tax strategies to minimize liability and support growth Review of prior year returns for accuracy or missed opportunities Business Types We Support We serve a wide range of business entities, including: Sole proprietorships Partnerships Limited Liability Companies (LLCs) S Corporations Self-employed professionals and independent contractors Whether you are just starting out or have been in business for years, we’ll tailor our services to your specific needs. How We Help Tax ComplianceWe make sure your returns are filed accurately and on time, and that you’re meeting all federal and state obligations. Tax EfficiencyWe review your income, deductions, and overall tax position to identify strategies that reduce your liability. Peace of MindWith our experienced team on your side, you’ll know your taxes are handled correctly so you can stay focused on your business. Why Work With Us Over 40 years of combined experience working with local small businesses In-depth knowledge of IRS, Oregon, and Washington tax laws Personalized service from professionals who understand the challenges of business ownership Integration with our accounting and payroll services for a complete financial solution Transparent pricing and no surprise fees Get Expert Help With Your Business Taxes Contact Northwest Accounting & Tax Service today to schedule a consultation. We’ll answer your questions, review your tax situation, and help you file with confidence. Contact Us #### Strategic Relationships Our Partners At Northwest Accounting & Tax Service, we know that delivering top-tier service requires more than in-house expertise. It takes a strong network of reliable partners. Our strategic relationships with carefully selected vendors and service providers enhance our ability to meet your accounting, tax, payroll, and bookkeeping needs with precision and efficiency. These collaborations reflect our shared commitment to accuracy, compliance, and client success. Drake Software is a top-tier provider of professional tax preparation software.  We thoughtfully choose Drake Software to support our office for their software's unmatched accuracy and support The full service Practice Management software that keeps our office humming ATOM Software has allowed us to bring our Client Manager, Client Portals, phone system and email into one central software Our partner for our website, search engine optimization and all things online Our trusted partner for web design, secure hosting, SEO, digital marketing, and complete online business solutions. Our go-to tech services company From custom build PCs to emergency on-site support Champion Champion Business Solutions provides top-notch support for our office print and scan equipment Champion QR Codes and BioLink pages We use TappyLinks because it is a robust platform with a wide array of products and solutions Memberships & Affiliations At Northwest Accounting & Tax Service, we strive to stay connected to our profession and our community. Through professional memberships, continuing education, local business associations, and community involvement, we remain informed, engaged, and committed to serving our clients and neighbors with knowledge, integrity, and care. NATP NATP OSTC OSTC HDSCBA HDSCBA Putts for Purpose Putts Pink Lemonade #### Tax Forms and Resources NW Accounting Inc. doing business as Northwest Accounting & Tax Service in Vancouver, WA provides clients with easy access to various forms and links that clients need to have to be able to file swiftly and appropriately. Our staff is on-hand to advise you on the appropriate forms you need to fill out based on your tax situation.The most common forms requested are those for employees – specifically W-4 forms and I-9 forms for new employees. We have these forms readily available below for your convenience.In addition, we also have links to common forms, worksheets and resources many taxpayers are looking for when it comes to tracking and managing their tax filings. Whether you’re looking for the status of your refund, need to make a payment or monitoring an amended return, the links below will help. Our goal is to give you peace of mind about your return and the confidence you need to stay on top of things. Secure Client Portal: If you must send us a document, please use our portal. It allows you to send and receive data securely. If you are a current client and unable to access your portal, please contact us. New clients use the button below to request access. CURRENT CLIENT PORTAL NEW CLIENT PORTAL REQUEST At Northwest Accounting & Tax Service, we strive to make tax filing and monitoring easy. Check out the links and resources below to get access to vital forms and information you need to file with confidence this year.Newsletter and Information Our Newsletter Personal Tax Service Agreement Business Tax Service Agreement Privacy Statement Current Client Extension Request New Client Extension Request 1099 Request FormTax Organizers What to Bring To Your Tax Appointment (Checklist) Income Organizer - 1040 Individual Taxes Schedule A Organizer - Itemized Deductions Schedule C Worksheet – Self Employed and Businesses Schedule E Worksheet – Rentals Schedule F Organizer - Farming 1041 Organizer - Estates and Trusts 1120S Organizer - S Corp Returns 1065 Organizer - Partnership ReturnsLinks Where’s my Refund (IRS) Where’s my Amended Tax Return (IRS) Make a Payment (IRS) Where’s my Refund (Oregon) Make a Payment (Oregon) Where's my Refund (other states)Employees W4 2024 W4 – Oregon Only Oregon W-4 Instructions I-9 for new hires I-9-for new hires - InstructionsIndependent Contractors W9-for Contract LaborIf you have questions about any of the resources provided here or need to speak with a tax professional about our accounting and tax services, please contact Northwest Accounting & Tax Service, Inc. today at 360-694-8206. CONTACT US TODAY #### Tax Planning Tax Planning Services At Northwest Accounting & Tax Service, our experienced team, led by EA and LTC Suzanne Clem, helps individuals and small businesses take a proactive approach to managing their tax position. With proper planning ahead of filing season, you can reduce your tax burden, avoid costly surprises, and align your tax strategy with your financial goals. Why Tax Planning Matters Tax laws frequently change at both the federal and state level. Staying informed helps prevent surprises. Financial decisions such as business structure, timing of income, and investment choices can impact your tax liability. A well-timed tax planning session can provide valuable clarity and reduce stress when it's time to file. Our Tax Planning Process Consultation and reviewWe begin with a focused, appointment-based review of your current income, deductions, business or investment activity, and any anticipated changes. Customized tax strategiesDuring your planning session, we provide personalized guidance that may include: Business entity and ownership structure review Timing strategies for income and deductible expenses Tax-efficient retirement contribution planning State and local tax considerations (Oregon and Washington) Year-end projections to prepare for filing season Implementation guidanceYou’ll leave your appointment with clear recommendations and a list of next steps to help implement your tax strategy efficiently. Who Should Schedule a Tax Planning Appointment Small business owners seeking to reduce year-end taxes and improve cash flow Self-employed individuals and contractors who want to maximize deductions Individuals facing significant changes like retirement, property sales, or inheritance Anyone anticipating a major tax event who wants to plan ahead and avoid surprises What You’ll Gain A clear picture of your expected tax liability and how to reduce it Confidence in the tax decisions you make before the end of the year Tailored strategies that consider both federal and state tax impacts A summary of action items and timelines to keep you on track Core Tax Planning Services Business entity and tax structure analysis Income and expense timing strategies Retirement plan contribution planning Oregon and Washington-specific tax guidance Year-end tax projection and strategy session One-time consultation with follow-up recommendations Why Choose Us Over 40 years of combined experience helping individuals and small businesses Licensed Enrolled Agent and Oregon Licensed Tax Consultant on staff Local, personalized service with deep knowledge of Oregon and Washington requirements Integration with tax preparation and accounting services for comprehensive support Ready to Schedule? Tax planning appointments are offered on a one-time, flat-fee basis. Contact us today to schedule your session and get ahead of tax season with expert advice and clear guidance. #### Track Your Refund Wondering when your tax refund will arrive?  This page provides direct access to official refund tracking tools from the IRS and all U.S. states that collect income tax. Simply select the appropriate link, enter your filing details, and check the status of your federal or state tax refund quickly and securely. Where's My Federal Refund? Where's My Amended Federal Refund? Check your State Refund Select State Alabama Arizona Arkansas California Colorado Connecticut Delaware Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska New Jersey New Mexico New York North Carolina Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina Utah Vermont Virginia West Virginia Washington Wisconsin ### Job Openings #### Seasonal Tax Preparer (In-Office) Northwest Accounting & Tax Service is a well-established, community-focused firm providing tax preparation, accounting, and payroll services. During tax season, we handle a high volume of individual and small business returns. We’re looking for a skilled Seasonal Tax Preparer to join our team and support return processing. This role is ideal for detail-oriented tax professionals who enjoy preparing accurate returns in a team-oriented environment. The Seasonal Position runs from January through mid April Key Responsibilities Prepare individual and small business tax returns (1040, Schedule C, etc.) from client-provided documents Review documentation for completeness and follow up with clients as needed by phone or email Ensure compliance with current IRS and Oregon state tax laws Accurately enter data into tax preparation software Maintain confidentiality and handle sensitive financial information appropriately Collaborate with the tax team to meet internal deadlines and quality standards Qualifications Prior experience preparing individual tax returns (minimum 2 season preferred) Enrolled Agent Preferred. (Higher pay rate available) PTIN required or ability to obtain Strong understanding of IRS tax code and Oregon state tax requirements Experience using Drake tax software preferred Experience with Atom software is a plus Detail-oriented with a high level of accuracy Ability to work independently with minimal supervision Excellent phone and written communication skills Strong organizational skills and ability to manage multiple returns efficiently What We Offer Competitive seasonal pay based on experience (higher compensation offered for Enrolled Agents) and bonus potential Flexible daytime hours (no evenings or weekends required) Supportive, team-oriented environment Convenient in-office location with access to all necessary tools and resources Opportunity for repeat seasonal work or transition into full-time employment based on performance Full-time transition benefits include: paid time off, medical, dental, vision insurance, retirement plan options, and continuing education support Exposure to diverse tax scenarios and ongoing team support The Seasonal Position runs from January through mid April #### Tax Preparer (In-Office) Northwest Accounting & Tax Service is a well-established, community-focused firm providing tax preparation, accounting, and payroll services. During tax season, we handle a high volume of individual and small business returns. We’re looking for a skilled Tax Preparer to join our team and support return processing. This role is ideal for detail-oriented tax professionals who enjoy preparing accurate returns in a team-oriented environment. Position Overview: This role is designed to be a full-time, year-round position. Work hours are Monday to Friday. With Saturday hours during tax season. During the tax season (January to April), we offer a full-time schedule of 40 hours per week, with the potential for overtime. From April to December, hours will range from 32 to 40 per week, depending on business needs. A qualified candidate who can deliver excellent bookkeeping and/or payroll services will be eligible for up to 40 hours. Key Responsibilities Prepare individual and small business tax returns (1040, Schedule C, etc.) from client-provided documents Review documentation for completeness and follow up with clients as needed by phone or email Ensure compliance with current IRS and Oregon state tax laws Accurately enter data into tax preparation software Maintain confidentiality and handle sensitive financial information appropriately Collaborate with the tax team to meet internal deadlines and quality standards Qualifications Prior experience preparing individual tax returns (minimum 3 season preferred) Enrolled Agent Preferred. (Higher pay rate available) PTIN required or ability to obtain Strong understanding of IRS tax code and Oregon state tax requirements Experience using Drake tax software preferred Experience with Atom software is a plus Detail-oriented with a high level of accuracy Ability to work independently with minimal supervision Excellent phone and written communication skills Strong organizational skills and ability to manage multiple returns efficiently What We Offer Competitive seasonal pay based on experience (higher compensation offered for Enrolled Agents) and bonus potential Flexible daytime hours (no evenings or weekends required) Supportive, team-oriented environment Convenient in-office location with access to all necessary tools and resources Opportunity for repeat seasonal work or transition into full-time employment based on performance Full-time transition benefits include: paid time off, medical, dental, vision insurance, retirement plan options, and continuing education support Exposure to diverse tax scenarios and ongoing team support