Most people are surprised to learn that the Book of Common Prayer has an opinion about wills. It does. Tucked into the instructions after the Thanksgiving for the Birth or Adoption of a Child, the…
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Before You Pay the Beneficiaries, Hold Back a Reserve
The beneficiaries want their money. You want to be done. So you write the checks. Then the final income tax bill arrives, or a hospital bill nobody knew about, and the trust account is empty….
Washington Estate Tax in 2026: The Date of Death Decides
Ask three people what Washington’s estate tax exclusion is and you may get three answers. They could all be right. The answer depends on one fact: the date of death. The Legislature changed the rules…
Should You Repay Debt or Save for Retirement?
It’s a difficult choice between repaying your debt and saving for your future retirement. Which one do you choose to get the maximum benefit and results? If you have a debt and also want to…
What Is The Acid Test Ratio or Quick Ratio?
The Acid Test Ratio, also known as the quick ratio or liquid ratio, is a financial metric that assesses a company’s short-term liquidity and ability to meet its immediate liabilities without relying on the sale…
Claim Denied by Health Insurance? Try These Strategies
Do you have medical bills your insurance company doesn’t want to pay? You have several options as you explore different ways to pay the bills. If your insurance company won’t pay the bill, consider these…
Is Advanced Accounting Training Right For You?
Are you satisfied with your career right now? Don’t you wish to move upwards or be promoted? One way to develop your accounting career is by training in an advanced accounting career. You can even…
FSA, HSA, HRA, and MSA: Understanding Medical Expense Accounts
Medical expense accounts offer a tax-advantaged means to save and pay for medical expenses not commonly covered by health insurance. The four types of accounts are: Flexible Spending Arrangements (FSAs) Health Savings Accounts (HSAs) Health…
What Is Financial Window Dressing?
Financial “window dressing” refers to a company’s manipulation of financial statements or accounting records to present a more favorable picture of its financial health and performance than is actually the case. The term is often…
Life Insurance Fraud – What You Need To Know
You’re probably familiar with the concept of insurance fraud since it has been around for a long time. The earliest recorded instance involves a merchant intentionally sinking his ship in 300 B.C.! The merchant drowned…