Victor Jones CPA, P.C.

VAT, standing for value-added tax, plays a large role in several countries’ tax systems. It is important to consider when a business is looking to conduct and manage financial affairs abroad as it is employed by over 160 countries worldwide. To best navigate the VAT landscape, learn the principles of tax credits and VAT refunds. https://bit.ly/4atdflg

Tax season is around the corner – are you ready? Here are some quick tax tips to make filing easier! Looking to maximize your refund? Contact us at 206-743-1375 to schedule a tax consultation today!

Did you know that contributing to a retirement account can benefit you now and in the future? Start saving early to build a comfortable retirement fund – let us help you navigate your options and get the most out of your contributions! 206-743-1375

Messy books can disrupt a business's growth and success. With our expertise, we can help clean up your books, create a reliable recordkeeping system, and set up checks and balances. That way you can focus on what really matters - running your business! Give us a call at 206-743-1375 to set up your first appointment with us today.

Is your business on track for growth? Check out this article and find out. https://bit.ly/3YMgyQB

As a business owner, it's important that you classify workers correctly as either employees or independent contractors because misclassifying them could trigger an IRS audit. If you treat workers as independent contractors but the IRS considers them to be employees, the tax agency may impose back taxes, interest and penalties. If you're looking for personalized, in-depth tax assistance when classifying workers, you've come to the right place. Contact us today at 206-743-1375 to set up your first consultation.

Reminder: Those who are blind or 65+ years of age are entitled to an additional standard deduction amount. The exact amount depends on your filing status and other personal details.??Not sure if you’re eligible? Don’t fret – we are here to help you out! Contact us at 206-743-1375 to get started on your tax assistance today.

Did you know the 2025 contribution limit for employees who participate in 401(k), 403(b), governmental 457 plans, and the federal government’s Thrift Savings Plan is $23,500? That’s up from $23,000 for 2024. The limit on annual contributions to an IRA remains $7,000. (Those age 50 or older can make additional catch-up contributions.) Questions about what else has changed this year? Contact us at 206-743-1375.

Navigating finances as an unmarried couple can be challenging so it is important to approach financial matters with open communication to establish a strategic plan to achieve your long-term goals. Remember, it is all about building a strong financial partnership! https://bit.ly/3WzLbro

If in 2025 you give money or property worth more than the $19,000 annual gift tax exclusion to someone other than your spouse, you may have to pay gift tax. Your gift can still be tax-free if you haven’t used up your lifetime gift and estate tax exemption, which is $13.99 million for 2025. If gift tax is due, usually the giver is responsible for paying it rather than the recipient. Even though recipients aren’t subject to any immediate tax implications, they may have to pay capital gains tax if they sell their gifted property in the future. Need help? You came to the right place - 206-743-1375.