Take 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…
Read MoreMarch 15 Is Tax Deadline For S-Corp And Partnership Extensions
March 15, 2018, is the deadline for filing 2017 S-Corp and partnership tax returns, or extensions. Don’t miss any of these tax filings, it could cost you. The official deadline to file your federal income tax return each year can be a little shifty. Yes, it’s supposed to be April 15—unless something interferes with that timing…
Read MoreHow much is the property tax in Seattle?
The average effective property tax rate in King County is 1.01%, 15th highest of the state’s 39 counties. However, the county’s median annual property tax payment is highest in the state, at $3,824. In Seattle, the total 2015 rate was $9.27 per $1,000 in assessed value, a 10% increase from 2014. https://smartasset.com/taxes/washington-property-tax-calculator People also ask: How much is the sales…
Read MoreWhat is the sales tax in Seattle?
9.6% The location code for Seattle is 1726 and the combined tax rate is 9.6%. The 9.6% sales tax rate is collected and then distributed as follows: 6.5% goes to the state of Washington. 2.7% goes to the City of Seattle. http://dor.wa.gov/content/fileandpaytaxes/fileoramendmyreturn/retailing/retailingact_statesalestax.aspx People also ask: How much is the property tax in Seattle? What is…
Read MoreForm 1096 Due Date in Year 2017 – January 31, 2017
File Form 1099-MISC by January 31, 2017, if you are reporting nonemployee compensation in box 7 such as payments to independent contractors. File Forms 1097, 1098, 1099, 3921, 3922, or W-2G on paper by February 28, 2017, or March 31, 2017, if filing electronically. People also ask What is the deadline for 1099 forms to be mailed? What is…
Read MoreStoring tax records: How long is long enough?
Federal law requires you to maintain copies of your tax returns and supporting documents for three years. This is called the “three-year law” and leads many people to believe they’re safe provided they retain their documents for this period of time. However, if the IRS believes you have significantly underreported your income (by 25 percent…
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