Treasury to review/re-evaluate tax regulations
The Treasury Department is to undertake a review and re-evaluation
of tax regulations issued by the IRS since January 1, 2016.
President Trump signed an Executive Order 13789 (“Identifying and
Filing season ends with no red flags
The IRS processed more than 128 million returns and issued some 97
million refunds without hitting any major roadblocks by the end of
the filing season. As in past years, the vast majority of returns
FAQ: What are my odds of being audited?
Audit coverage rates are at low levels, the IRS has reported.
According to the IRS, the audit coverage rate for individuals fell
16 percent from FY 2015 to FY 2016. The 0.7 percent audit coverage
May 2017 tax compliance calendar
As an individual or business, it is your responsibility to be aware
of and to meet your tax filing/reporting deadlines. This calendar
summarizes important federal tax reporting and filing data for
How do I?… Claim the adoption tax credit
Adoptive parents may be eligible for federal tax incentives. The
Tax Code includes an adoption tax credit to help defray the costs
of an adoption. Recent changes to the adoption tax credit
Back-to-school look at education tax benefits
The start of the school year is a good time to consider the variety
of tax benefits available for education. Congress has been generous
in providing education benefits in the form of credits, deductio...
Practicing Service Excellence for Twenty Five Years
Empowering businesses with innovative accounting and strategic solutions.
Bristol Financial Management Group is a certified public accounting and consulting firm that strives to empower and grow entrepreneurial businesses throughout Western Washington. Serving the construction and real estate industries, start up enterprises, medical practices, and high net worth individuals. Our clients benefit by partnering with a small firm with sophisticated experience.
“Bristol Financial Management Group provides a solid foundation of tax services and has been instrumental in providing key tax planning and preparation as well as general ledger work and accounting system support to meet our rapidly changing business requirements. The Bristol Financial Management Group takes time to answer questions and is very good at explaining complex tax issues that allow a business owner to develop sound strategic financial decisions.” ~ Mark Madson, MetroFax
Proud members of the American Institute of CPAs, Washington Society of CPAs, and the Master Builders Association of King and Snohomish Counties.