We Have Moved
Our new address is:
4706-C 20th St E
Fife, WA 98424
Introducing FLS Advantage
Bookkeeping & Advisory Services – Backed by the Power of FLS Accounting
At FLS Accounting, we’ve always believed in being more than just your tax preparer—we’re your year-round financial partner. Now, we’re excited to deepen that commitment with the launch of our new division: FLS Advantage.
FLS Advantage is your dedicated bookkeeping and advisory team, created to meet the growing need for proactive, real-time financial insights that help businesses not only stay compliant, but grow with confidence.
Introducing SafeSend!
We’re excited to announce that we have recently implemented SafeSend as our new secure platform for digital organizers, file transfers, document signing, document delivery, and client portals. SafeSend’s user-friendly interface and enhanced security features will streamline how you access and share important documents. Please refer to the guides and support sections below for step-by-step instructions and additional information.
Click On The Links Below For Help With SafeSend
The Latest From Our Business Posts
Check out the latest collection of articles from our business section
The standard business mileage rate is going up in 2023
Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be [...]
Is your business closing? Here are your final tax responsibilities
Businesses shut down for many reasons. Some of the reasons that businesses shutter their doors: An owner retirement, A lease expiration, Staffing shortages, Partner conflicts, and Increased supply costs. If you’ve decided to close your [...]
2023 limits for businesses that have HSAs — or want to establish them
No one needs to remind business owners that the cost of employee health care benefits keeps going up. One way to provide some of these benefits is through an employer-sponsored Health Savings Account (HSA). For [...]
Inflation means you and your employees can save more for retirement in 2023
How much can you and your employees contribute to your 401(k)s next year — or other retirement plans? In Notice 2022-55, the IRS recently announced cost-of-living adjustments that apply to the dollar limitations for pensions, [...]
2023 Q1 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply [...]
Employers: In 2023, the Social Security wage base is going up
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for 2023 (up from $147,000 for 2022). Wages and self-employment income above this threshold aren’t subject [...]
The Latest From Our Individual Posts
Check out the latest collection of articles from our individuals section
Renting to a relative? Watch out for tax traps
If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules Renting out a home or apartment that [...]
Is your withholding adequate? Here’s how to check
When you filed your federal tax return this year, were you surprised to find you owed money? You might want to change your withholding so that this doesn’t happen again next year. You might even [...]
Answers to your questions about taking withdrawals from IRAs
As you may know, you can’t keep funds in your traditional IRA indefinitely. You have to start taking withdrawals from a traditional IRA (including a SIMPLE IRA or SEP IRA) when you reach age 72. [...]
Don’t forget income taxes when planning your estate
As a result of the current estate tax exemption amount ($12.06 million in 2022), many estates no longer need to be concerned with federal estate tax. Before 2011, a much smaller amount resulted in estate [...]
How savings bonds are taxed
Many people have savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe you bought them yourself. You may wonder how the interest you earn is [...]
Seller-paid points: Can homeowners deduct them?
In its latest report, the National Association of Realtors (NAR) announced that July 2022 existing home sales were down but prices were up nationwide, compared with last year. “The ongoing sales decline reflects the impact [...]
Welcome to Fullaway Lamphear & Sauve PLLC. Our Firm has been dedicated to superior client service and tax and accounting knowledge since 1978. In addition to providing you with a profile of our firm and the services we provide, this Website has been designed to become a helpful resource tool. Check back often for updated articles on recent tax legislation in our Newsletter section.
Small Business? Let us be your part-time CFO!
Small Businesses don’t always need or have the resources to hire a full-time CFO. We have staff available to help on an as-needed basis. Contact your tax professional by phone or check out our Contact Info link for our staff’s e-mail addresses. We look forward to working with you!
Need help with Quickbooks?
We have in-house QuickBooks Certified Pro Advisors to help train you to use their software packages or just answer a quick question.