Are you wondering where the world economy is going and how your personal finances will stand up to the changes?  If so, you are not alone.  Part of the fun…

Tax planning is especially important for small businesses due to several key reasons: Limited Resources: Small businesses often operate with limited financial resources. Effective tax planning can help minimize the…

Having a balance sheet is important for both financial and tax planning because it provides a snapshot of a company’s financial position at a specific point in time. A balance…

Unrestricted City and County Sales Taxes Cities and counties can impose “unrestricted” sales taxes totaling a maximum of 1.0% on top of the 6.5% state sales tax. These revenues may…

September 2023 Individual Due Dates September 1 – 2023 Fall and 2024 Tax Planning Contact this office to schedule a consultation appointment. September 11 – Report Tips to Employer If…

Washington State, like any other jurisdiction, may offer certain tax-related options or benefits that could indirectly affect your financial situation when it comes to supporting your grandkids or planning for…

When facing a tax audit in Washington State, hiring a tax professional can be immensely beneficial. Tax audits can be complex and intimidating processes, and having a tax professional by…

Article Highlights: 100% Business Primarily Vacation Primarily Business Special Circumstances Foreign Conventions, Seminars, and Meetings Cruise Ships Spousal Travel Expenses Note: the business expenses discussed in this article – both…

Article Highlights: Rough Year for the Stock Market Year End Approaching Annual Capital Losses Are Limited Be Aware of Wash Sale Rules Off-Set Short-Term Gains with Long-Term Capital Losses Planning…

Article Highlights: Planning for the Future Inflation-adjusted Contribution Amounts IRAs Employer 401(k)s HSAs TSAs SE Retirement Plans SEPs Are you ignoring your future retirement needs? That tends to happen when…