Category Archives: Blog

Current Events at EJK Accounting & Tax

06.12 2025

EJK Accounting and Tax Services, LLC seeks a Senior Accountant working in Seattle, Washington

Duties:

Analyzing and compiling financial information to review general ledger entries, assets & tax liabilities;
Examining internal controls, advising and applying Sarbanes-Oxley Act for non-profit organizations;
Performing internal audits of financial statements based on GAAP for profit & non-profit organizations;
Preparation budget & cash projection, New York tax filing, PDC filing for Federal & State level;
Reviewing and reparation of tax returns for foreign nationals, corporation, and non-profit organizations, and training and educating staff and accountants on accounting system, preparing statements, Federal & State taxes updates.

Requirements:

Master of Science in Taxation, Accounting, or related. One year experience as an accountant. One year experience must include Quicken, QuickBooks, CCH ProSystem, UltraTax CS and ORCA software or preparing federal and local tax returns for non-profit clients.

Send your resume to:
Erin J. Kim
2450 6th Ave S. Suite 205
Seattle, WA 98134

04.28 2021

The [Re]Charge Challenge

Rebuilding Together Seattle (RTS) will host their [Re] Charge Challenge between May 1 and 15, 2021. [Re]Charge Challenge is raising funding and support for Safe At Home program, which provides no-cost home modification and maintenance repairs for most vulnerable neighbors throughout the Seattle area. Proceeds will support RTS’ efforts to provide safe and healthy housing to every person by providing free home repairs to low-income homeowners and nonprofit facilities

Become a Challenge Champion. Join us and learn more about RTS’ efforts to revitalize your community, and how you can get involved.

[Re] Charge Challenge

12.29 2020

Reminder – Form W-2s and 1099s Are Due in January

When you running a small business, it is important to know which form is used when the tax season come. The most common forms in business are Form W-2s and 1099s.

What is Form W-2?

Let’s start with a quick refresher: Form W-2 is the document that employers use to report each employee’s wages and earnings to the IRS as well as the employees.

How to file Form W-2?

Most businesses use accounting and payroll software, which will complete fillings of Form W-2 for employers, even automatically mailing the employee copies to them. You can file from e-file or paper and send it to IRS.

This is a Form W-2

Understanding payment categories for the Form 1099s

What is new for tax year 2020?

From 2020, the IRS has introduced the new Form 1099-NEC just for reporting independent contractor income. Because of this, you are no longer using Form 1099-MISC for reporting non-employee compensation. Let’s check out new arrangement and box numbers for reporting certain income.

What is Form 1099-NEC?

Form 1099- NEC is a new document specifically used to report the amounts for non-employee who worked for you during 2020 and earned more than $600. Non-employee who is not on payroll on a contract basis. If you do not have contractor’s information, ask them to fill out Form W-9 for the preparation of Form 1099-NEC.

New: If you filed Form 1099-MISC with only Box 7 in the past, you should more likely to choose Box 1 (Nonemployee compensation) on the Form 1099-NEC.

What is Form 1099-MISC?

Form 1099-MISC is to report payments made in course of a trade or business to non-employee.

Lean more about Form 1099-Misc Boxes

Ready to file your 1099s, see What is a 1099 and do I need to file one?

Deadline: January 31, 2021

What if missing the filing deadline?

If you missed the deadline of January 31, 2021, you will need to pay a penalty depending on how late the filing is.

$50 if you file within 30 days
$100 if you file more than 30 days late, but before August 1
$260 if you file on or after August 1

11.24 2020

International Examiner

International Examiner is the oldest and largest nonprofit, pan- Asian Pacific American publication in the Northwest. IE just celebrate their annual Community Voice Awards (CVA Benefit Dinner) this year online on Oct 29, Nov 5, and Nov 12. EJK is one of the sponsors to celebrate IE’s work.

For over 46 years, IE has been working on creating multi-media information, educational, arts, and cultures platform.

For more information, please check out IE’s website to learn more and get involved.