Announcement
Multi-State Tax Checklist: Income, Business Operations, Investments, Moves, etc
Here’s your Seattle/Bellevue Multi-State Tax Checklist — designed to help you quickly spot when you might owe taxes or have filing obligations outside Washington. 1. Income From Working in Another…
Read MoreTimely Tax Filings Require Proactive Attention, Don’t Wait for Due Dates
Timely filings require proactive attention, but most people react only when due dates are near. Deadlines for quarterly estimated taxes, payroll filings, excise tax returns, and year-end income tax submissions…
Read MoreHow Often Do Washington Business Owners Miss Tax Deductions?
While exact numbers for Washington State aren’t published, national data suggests many small business owners frequently miss out on deductions they’re entitled to claim. Why Deductions Are Missed Complex Rules:…
Read MoreCan You Still Fix Improperly Forgiven PPP Loans?
As of 2025, improperly forgiven Paycheck Protection Program (PPP) loans cannot typically be “fixed” in the traditional sense—especially because the program officially ended in 2021, and forgiveness applications were due…
Read MoreKey Foreign Accounting Reporting Requirements
There are Foreign Accounting Reporting Requirements, and failing to comply with them can result in hefty penalties. Below is a breakdown of the key forms, deadlines, and tips to avoid…
Read MoreHealth Insurance Deduction for S-Corp Owners (2%+ Shareholders)
1. Company Pays Premiums The S-Corp pays your health insurance premiums directly OR reimburses you. Either way, it’s considered compensation. 2. Include Premiums in W-2 Premiums must be included as…
Read MoreSelf-Employed Health Insurance Deduction (Schedule 1 – Line 17)
If you’re self-employed and not structured as an S-Corp, you may be eligible to deduct your health insurance premiums “above the line” on your personal tax return (Form 1040), even…
Read MoreCommon Tax-Loss Harvesting Mistakes Investors Should Avoid
Tax-loss harvesting can be a great way to reduce your tax bill, but there are some common mistakes investors should avoid: 1. Violating the Wash Sale Rule The wash sale…
Read MoreBusinesses Required to File BOI Reports Within 30 Days
Businesses need to worry about filing Beneficial Ownership Information (BOI) Reports if they fall under the scope of the Corporate Transparency Act (CTA), which is regulated by the Financial Crimes…
Read MoreRules for Claiming a Property Tax Deduction
Claiming a property tax deduction can help you reduce your taxable income. Below are the key rules and guidelines to follow: 1. Eligible Property Taxes You can deduct state, local,…
Read More