Caleb J. Latella - CPA

10/30/2023

EXCITING NEWS!!! I now work in Spokane at Cowles Company as a Senior Corporate Accountant!

I am excited to announce that I have accepted a new position as Sr. Corporate Accountant at Cowles Company in Spokane, WA! https://lnkd.in/g8YwdAzw | 10 comments on LinkedIn

08/12/2022

https://lmtribune.com/business/who-s-to-blame-for-the-priciest-housing-in-history/article_7916342f-4263-5de8-a4a5-ebf4f0626c64.html

With so much attention fixed on soaring prices for gasoline and groceries, one can almost overlook the fact that we’re also enduring an affordable housing crisis.

06/23/2022

I am very excited to announce I am officially a CPA (Certified Public Accountant) licensed in the State of Washington!

05/02/2022

Really interesting to see how inflation is squeezing the buying power of every day Americans who did not receive appropriate raises in pay this past year.

02/15/2022

"The Federal Gift Tax Exclusion Increases:

You can give up to $16,000 per donee in 2022 ($32,000 per couple) without having to file a gift tax return or tap your lifetime estate and gift tax exemption. That’s up $1,000 from 2021. For example, if you are married with three kids and four grandchildren, you and your spouse can give each person up to $32,000 this year in excludable gifts. That’s $224,000 total. Annual gifts over the exclusion amount will trigger filing of a gift tax return on IRS Form 709 for 2022, but no gift tax will be due unless your total lifetime gifts exceed $12,060,000."

(KTL The Kiplinger Tax Letter)

02/15/2022

https://gov.idaho.gov/pressrelease/gov-little-signs-his-leading-idaho-income-tax-relief-bill/?fbclid=IwAR2-IMg5Rtwf8BZEVyMrkW2YslP_AeyQxCboOBh0X3WAyNBb3B_M5F8owxo

Boise, Idaho – Governor Brad Little signed the first bill of the 2022 legislative session today – his “Leading Idaho” income tax cut bill that provides one-time and ongoing income tax relief to Idahoans. “Never in my life did I think we would achieve the ‘TRIFECTA’ – historic tax rel...

02/08/2022

I finally got my passing results from the last of 4 CPA exams I had to take. The BEC (Business Environment & Concepts) exam. Now I can take an ethics course and submit my application for licensure in WA and Idaho. I am really thankful for my boss Brian, who allowed me to study at work during the slow season. I have been truly blessed in the last year in many ways.

01/22/2022

Tax Season is upon us! Make sure you get your information to your accountant as soon as possible. The IRS is still behind from last year so there will be delays in processing returns and issuing refunds.