Zillen & Associates, LLC

01/19/2021

Snohomish County Business Owners.
R3 Grant has reopened.
Presented without comment.

The Snohomish County Small Business Relief, Recovery, and Resiliency (R3) Program has four main goals: 1. Help small businesses keep their doors open 2. Protect local jobs threatened by the COVID-19 pandemic 3. Support community recovery 4. Increase the resiliency of local businesses in our communit...

10/22/2020

We are a small accounting firm specializing in medium to small businesses. Our Staff Accountant/Full Charge Bookkeeper will provide, or assist in providing:
• Business registration, registration updates, annual renewals and verification of registration status.
• QuickBooks setup, consulting and training so that the client can do their own basic data entry.
• Monthly review of bookkeeping balances, including verification of bank reconciliations, loan balances and tax payables
• As-needed assistance to clients by answering questions and correcting or adjusting difficult bookkeeping transactions.
• Monthly review of transactions to spot common errors and inconsistent data entry.
• Monthly review of bookkeeping to ensure that all necessary information is being recorded for a variety of local, state and federal tax filings.
• Payroll preparation, including direct deposit and tax deposits.
• Quarterly and annual payroll tax filings
• WA state excise and sales tax filings
• County business property tax fillings
• Information return filings such as 1099-MISC.
• City business license applications/renewals and city tax filings.

We do not expect applicants to have experience with every area when they start.
A good candidate will have the following traits

• Know what you know and what you don’t. Know when the input of our CPA is necessary.
• Learn new skills and adapt to changing laws and changing software.
• Communicate with non-accountants who rely on us to answer at their level.
• Understand the accounting cycle and adapt it to specific client situations.
• Work and communicate well with other office staff so that we operate as a team.
• Read between the lines and find reasonable positions when documentation may be missing or imprecise.
• Good practices regarding documentation and work papers. What you do today may be questioned in an audit three years from now.
• Experience with QuickBooks. If you are not already a Certified ProAdvisor, we’ll expect you to obtain Online and Desktop certification in the first six weeks.
• Experience with Microsoft Windows and Office programs. The ability to enter formulas in Excel spreadsheets will be necessary.
• All other previous experience a plus, but we do expect that training will be necessary.
• Income tax skills are not a core part of this job, but income tax work could be available to those with the necessary training.
Job Duties and Compensation
• Position is full time, salaried, or part time at our office on Bothell-Everett Hwy in Canyon Park. Limited work from home possible after training is complete.
• Pay DOE

10/21/2020

Small Tax Prep firm in Canyon Park Bothell looking to hire. Can be part time or full time position available for Bookkeeper or Staff Accountant. Prior experience needed but will train.

Contact me directly if interested. Thanks!

06/04/2020

https://www.journalofaccountancy.com/news/2020/jun/ppp-loan-forgiveness-changes-coming.html

The Senate passed a House bill that gives small businesses and other entities that received loans from the Paycheck Protection Program 16 additional weeks to spend the funds and qualify for full forgiveness of the loans.

05/22/2020

Good read on loan forgiveness.

The SBA has released the “Paycheck Protection Program Loan Forgiveness Application” [1] that contains information on the PPP forgiveness program. The application consists of: The PPP Loan Forgiveness Calculation Form; PPP Schedule A; The PPP Schedule A Worksheet; and The (optional) PPP

05/20/2020

The first draft of the PPP loan forgiveness application.

04/13/2020

Dear Clients,
As our community works to overcome the damage inflicted by coronavirus pandemic, we are writing to make you aware of the postponement of income tax filing and payment deadlines.
In accordance with President Trump's recent emergency declaration in response to the ongoing Coronavirus (COVID-19) pandemic, the IRS issued Notice 2020-18, which provides that the due date for all income tax returns and income tax payments previously due on April 15, 2020, are automatically postponed to July 15, 2020, for all affected persons. Any person with a federal income tax payment or a federal income tax return due April 15, 2020, is considered affected by the COVID-19 emergency and is thus an "affected taxpayer”. Furthermore, neither you nor your business need to file an extension.
This postponement applies to individuals, trusts, estates, partnerships, associations, companies, and corporations. The IRS notice also extends the due date to July 15, 2020, for making contributions to your 2019 individual retirement account (IRA), health savings account (HSA), and Archer MSA account. Regarding 2020 estimated tax payments, both the Quarter 1 and Quarter 2 payments have been extended to July 15, 2020, as well.
There are no limits on the amount of your tax payments that may be postponed, and there will be no interest, penalty, or additions to tax for failure to file the income tax returns during this period.
There are new rules affecting Required Minimum Distributions (RMD) and enabling tax deferred IRA distributions with generous replacement or rollover provisions.
While delaying filing a return will make sense for many taxpayers who owe additional taxes, it may be less attractive for taxpayers who are expecting a refund (the IRS is expected to continue to processing returns and issuing refunds in the coming months).
Please refer to the attached information from the Internal Revenue Service regarding Coronavirus Tax Relief and Economic Impact Payments.
Sincerely,
Zillen & Associates, LLC

Coronavirus Tax Relief and Economic Impact Payments - IRS.pdf

04/10/2020

https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here?fbclid=IwAR1HKFTNMVSlLUGGjXpPSqtq6B8HthnROrsuE4J4aA_xv8byYlTndsO3DVw

Steps to receive the Economic Impact Payment if you haven't filed a tax return for 2018 or 2019, and aren't receiving Social Security, SS Disability Income or Railroad Retirement benefits. This payment is also referred to as "stimulus checks" or "coronavirus relief."

04/07/2020

The answers to all your questions about the coronavirus stimulus check: Who gets it? How much will I get? Is it taxable? What do I have to do?

04/05/2020

https://www.sba.gov/funding-programs/disaster-assistance

The SBA provides low-interest disaster loans to help businesses and homeowners recover from declared disasters.

04/01/2020

Presented Without Comment.

To explain the tax relief for those affected by coronavirus.