IRS releases business standard mileage rate for 2012 The business standard mileage rate, which many employers use to
reimburse employees for business miles driven, is 55.5
cents-per-mile for 2012, the IRS has announced. This reflects
no change from ...
IRS reminds dual citizenship taxpayers to report foreign accounts The IRS recently reminded dual citizenship taxpayers and U.S.
citizens residing abroad to file U.S. income tax returns and, if
appropriate, Form TD F 90-22.1, Report of Foreign Bank and
Financial A...
IRS revises regulations for capitalization of tangible assets Just before year-end 2011, the IRS issued much-anticipated revised
regulations on the capitalization of tangible assets. The IRS
withdrew proposed regulations issued in 2008 and issued temporary
an...
IRS updates Form 940 for mid-year expiration of FUTA surtax The IRS has updated Form 940 to reflect the mid-year 2011
expiration of the 0.2 percent FUTA surtax. FUTA taxes for 2011 will
be calculated using two rates, the IRS explained.Mid-yea...
CA - Independent contractor withholding webinar announced The California Franchise Tax Board (FTB) is holding a free webinar
on December 20, 2011, at 10 a.m. PST, for those who must withhold
personal income tax on California source income...
ID - Forestland tax redesignations may be made in 2012 Since the current 10-year Idaho forestland (property) tax
designation period will expire at the end of 2012, during the
coming year a forest landowner may change from the productiv...
OR - No good cause for representative’s failure to appear Regarding a taxpayer’s Oregon personal income tax appeal,
good cause did not exist for the failure by her representative to
either attend a case management conference or expl...
WA - Taxability of insurers explained The Washington Department of Revenue has updated an industry guide
on the application of sales and use tax to the insurance industry.
Insurers and affiliates are responsible for pa...
Based in Tacoma, Washington Johnson, Stone & Pagano, P.S. has been serving audit, tax and consulting clients since 1982. JSP has built a reputation as a strong, quiet company. One of the larger accounting firms in Tacoma, JSP is devoted to achieving the best financial result for you or your organization. With a long history of integrity and hard work, Johnson, Stone & Pagano has been known, respected and trusted for over two and a half decades. Celebrating 30 years of service to the Puget Sound area with a diverse staff of professionals having expertise in accounting, audit and tax compliance.
The services JSP can provide will be designed to help you achieve your goals for the future and monitor your progress while keeping your vision in mind. We will help summarize accounting and tax regulations so that you comprehend the language.
We would love the opportunity to become a valued and trusted member of your team. Please browse through our website and feel free to contact us for additional information or to arrange for a consultation with our experienced staff. We would be happy to provide references from clients currently served by Johnson, Stone & Pagano, P.S.
