Announcement
Business License Tax / Seattle Business and Occupation Tax (B&O tax)
The Seattle business license tax is applied to the gross revenue that businesses earn. It is sometimes called the Seattle business and occupation tax (B&O tax) or gross receipts tax. If you do business in Seattle, you must: – have a Seattle business license (see the due dates for that here) – file a business…
Read MoreSeattle Business License Tax Due Dates
The date your taxes are due depends on your reporting status. Your reporting status indicates how often you are required to file taxes and is listed on your business license. If you do not know your reporting status, contact us. This video summarizes Seattle business license tax due dates for each reporting status. You pay…
Read MoreBusiness 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 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 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…
Read More