Business Accounting: 21 Vital Tasks
Taking care of business finances can be complicated, but proper management can cut down on much of the drudgery. The key actions are to create a realistic budget plan, correctly record transactions, regularly check your results, and keep good records. You also need to be comfortable with basic financial reports like balance sheets, income statements,…
Read MoreSmall Business Tax Accountants
Small business tax accountants are key to the success and longevity of any small business. Having a qualified and reputable accountant is essential to all aspects of running a small business. From payroll, to loans, and even coming up with a sound business plan; small business tax accountants are here to help. So, how do…
Read MoreDo You Need to Hire a Certified Public Accountant?
What is a certified public accountant? A certified public accountant, also called a CPA, is an accountant that has passed specific state exams and extra qualifications. In other words, they are extremely knowledgeable finance experts. Who May Need a Certified Public Accountant? Mostly, businesses. Large businesses, small businesses, and startup businesses should all seek the…
Read MorePayroll Services for Small Businesses
Every small business owner knows there is a lot of stress associated with starting up and running your own business. With that in mind, it only makes sense to hire professionals when it comes to managing your pay roll services. Especially when 1/3 of small business owners are slammed with penalties that range from the hundreds…
Read MoreWhat is Washington State Sales Tax?
As a business owner or entrepreneur in Washington, it can be challenging to know exactly what the sales tax rate is, how often to file, and which items are actually taxable. The first step for any business owner in Washington is to determine if their business fits the criteria for being a “sales tax nexus.”…
Read MoreWhy Small Businesses Need a Certified Public Accountant
Business owners have many different aspects to manage to make sure their business operates smoothly, finances being just one of them. Small business owners should consider hiring a certified public accountant to manage the business finances for them. Perhaps a small business believes a certified public accountant isn’t in the budget, or not necessary for…
Read MoreTake Advantage of Small Business Tax Deductions
When it comes to filing taxes, there are many ways small businesses can save money. Small business owners can take advantage of different tax deductions and place their saved dollars back into their business. Whether you work from home, an office, or a vehicle, here are some ideas to consider. Added together, these costs can…
Read MoreBusiness Tax Extension: What You Need to Know
Do you need more time to file your 2017 business tax return? Here’s what to do. If you need more time to complete your 2017 business tax return, you can request an extension of time to file your return. However, even with an extension, you must estimate how much you owe (if you owe) and send…
Read MoreTop Tax Deductions for a Small Business
How much can you write off for a home office? Deductions for a home office are based on the percentage of your home devoted to business use. You must figure out the percentage of your home devoted to your business activities in order to figure out how much you can write off. What does it…
Read MoreHow Do You Calculate Your Seattle Property Taxes?
You can calculate property tax through the use of the mill levy or millage tax and the asserted property value. The mill levy is the tax rate levied on your property value while the asserted property value is the yearly estimation of your property’s market value. To calculate the property tax, you multiply the two…
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