NorthWest CPA & Tax, PLLC

12/06/2025

We are growing and need excellent team members!

Job Summary We are a top-rated CPA firm in Spokane, just starting to grow, seeking a detail-oriented, proactive Staff Accountant/Bookkeeper to join our dynamic team. This position requires the...

11/18/2025

New Tax Breaks for Car Loan Interest, Tips & Overtime — What You Need to Know
Big changes are here for the upcoming tax seasons: under the new tax law (One Big Beautiful Bill Act) you’ll have two brand new deductions:
• Car Loan Interest Deduction: If you take out a loan after December 31, 2024 to buy a new personal vehicle that meets the eligibility rules (e.g., final assembly in the U.S.), you may now deduct up to $10,000 per year in interest for tax years 2025 2028.
• Tips & Overtime Deductions: Starting for tax year 2025 you may deduct:
o Up to $25,000 of qualified tipped income (for eligible occupations)
o Up to $12,500 (single) or $25,000 (married filing jointly) of “qualified overtime compensation” (the extra half time portion above regular pay)
Effective Dates: These deductions apply for tax years 2025 through 2028.
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Important Details to Know:
• For the car interest deduction: the vehicle must be new (original use starts with you), for personal use (not business), and assembled in the U.S.
• For tips/overtime: Your occupation must be one that “customarily and regularly” receives tips; reporting rules apply.
• Phase outs apply based on modified adjusted gross income (MAGI).
• These are deductions, not tax credits — they reduce taxable income, not just your tax liability.
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At NorthWest CPA, we’re ready to help you understand how these changes could affect you or your business, and to ensure you’re prepared when Filing season arrives.

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11/11/2025

Year-End Planning Tip for Business Owners!

Thinking about new equipment or upgrades? Buying before year-end could help you take advantage of Section 179 deductions. Check with us before you buy to make sure you’re timing it right for your business.

11/08/2025

Tax Tip: Maximize Deductions by Timing Your Expenses Strategically

If you’re a small business owner or self-employed, the timing of your expenses can make a big difference in your tax bill. Consider accelerating deductible expenses—such as equipment purchases, professional fees, or year-end bonuses—into the current tax year if you expect your income (and tax rate) to be higher this year than next.

Conversely, if you anticipate a lower tax bracket this year, delaying income and deductions to next year can help smooth out your tax liability over time.

Pro tip: Make sure expenses are paid (not just invoiced) before year-end for cash-basis taxpayers to count toward this year’s deductions.

A quick year-end review with us can often uncover thousands in potential savings before December 31st.

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11/06/2025

Tax Updates for 2025!

Big changes are coming for individuals and businesses this tax season:

Standard deduction and key tax rates are now permanent

SALT deduction cap increased for many taxpayers

Expanded credits for children, seniors, and tipped/overtime income

Estate & gift tax exemptions higher than ever

Business owners: pass-through deductions, real estate, and income timing matter more than ever

Plan now to maximize your savings and avoid surprises! Contact us for a tax planning review today.

01/19/2025

Tax Time is Our Favorite Time of Year!

At NorthWest CPA & Tax, PLLC, we love helping you navigate tax season with ease and confidence. It's the time of year we get to make sure you're fully prepared and positioned for success.

Gather your documents and come on down to our office — or take advantage of our fully remote options and self-register on our portal to easily upload and download your documents hassle-free from the comfort of your home! You can fill out the necessary items and upload your documents. We complete your return hassle free. Easiest option on the planet!

Let’s make this tax season a breeze!
Visit us at www.nwcpatax.com to get started.

NorthWest CPA & Tax, PLLC. is a highly motived CPA that does accounting, bookkeeping, tax preparation, payroll & other CPA items.

12/12/2024

New Requirements for Energy Efficiency Credits Take Effect in 2025
The IRS offers a variety of tax credits to people who invest in home improvements that significantly reduce energy usage. These nonrefundable credits may total up to $3,200 for a particular year. A maximum credit of $2,000 is available for water heaters, heat pumps, boilers or biomass stoves that meet specific design and efficiency requirements. Meanwhile, qualifying homeowners may claim up to $1,200 in credits for other energy improvements like installing highly efficient exterior doors, windows or skylights.

Beginning January 1, 2025, only officially certified products will be eligible for these tax credits. The products must come from an IRS-approved manufacturer, and the manufacturer must label each product with a unique product identification number (PIN). Save these labels, because in order to claim a home efficiency credit, you will need to include the PIN of each eligible product on your 2025 tax return. If a contractor or retailer cannot show you a clearly displayed PIN on a particular product, then the product likely will not qualify for tax credits for energy efficiency.

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12/12/2024

6 NEW CLIENTS on the roster this week. With tax season approaching don't wait. Reserve your spot now.

There are thousands of pages of tax code and it’s growing every year. Figuring out your taxes and the quickest way to get your maximum refund might seem overwhelming. That’s why we’re here.
Unlike chain companies, we take the time to get you the largest return possible. We go the extra mile for you.

So, contact us today for a free consultation.

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12/11/2024

BOI Reporting Update!

Due to a recent court ruling, the implementation of Beneficial Ownership Information (BOI) reporting has been delayed.

We are keeping a close eye on the situation and will provide updates as more information becomes available. Rest assured, we’re here to guide you through the process once the new timeline is announced.

If you have any questions in the meantime, feel free to reach out—we’re here to help!

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12/04/2024

BOI Reporting Deadline Alert!

Tired of navigating complex Beneficial Ownership requirements?

As a CPA expert, I can help you:

• Understand BOI rules specific to your business
• Prepare accurate reports on time & avoid penalties
• Ensure full compliance with updated legal standards

Don't wait until Dec 31st! Get assistance today and focus on growing your business. Message today!

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12/04/2024

Attention Business Owners & Compliance Officers!
Stay Ahead with Your Beneficial Ownership Reporting

Navigating the complexities of BOI reporting? As a Certified Public Accountant (CPA) with expertise in compliance and regulatory reporting, I can help you:

✅ Understand BOI requirements specific to your business.
✅ Prepare accurate reports to meet deadlines and avoid penalties.
✅ Ensure full compliance with updated legal standards.
✅ Save time so you can focus on growing your business.

PM, email, or call if you need assistance with the compliance reporting. You have until December 31st to file but don't wait until the last minute.

Send a message to learn more

11/27/2024

Are you stressed out by IRS letters or tax issues? Contact us for a free consultation. We want to help you sleep better at night and maybe gain a long-term client.