Your Small-Business Solution

Accounting expertise and proactive guidance to help you make the most of your business

Serving clients while minimizing risk

Akopyan & Co. is continuing to serve our clients during this uncertain time. However, please note that all appointments are now being conducted via phone or online tools.

Learn more about this and other important changes.

Our Services

ACCOUNTING & BOOKKEEPING

We handle your books so you can focus on running your business. With our timely financial reports, you’ll always know where things stand.

STRATEGY & SUPPORT

Get strategic with our Business Owners Package: It’s like having a part-time chief financial officer dedicated to helping you grow.

PAYROLL MANAGEMENT

From direct deposit to W-2s, we take away your payroll headaches—and give you and your employees convenient electronic access.

BUSINESS OWNERS TAX RETURNS

Your business impacts your personal taxes, too. We eliminate surprises and ensure your returns are aligned to minimize your tax liability.

Ready to find out more?

Solution Center

What challenges do you face?

I wonder if I’m getting everything right with my company’s books.

Your time should be spent managing your business instead of spending hours fighting with the numbers. We’ll give you those hours back. Learn more.

I feel like I don’t really understand the financial side of my business.

Our Business Owners Package gives you the complete picture—so you know exactly where your business is today, and where it’s going tomorrow. How it works.

I’m always frustrated with payroll. I need a better way.

With our convenient cloud-based portal, all you need to do is enter your employees’ hours. We’ll take it from there—and take away your worries. Learn more.

From Our Blog

Akopyan job listing — Payroll Specialist

Full-Time Payroll Specialist for an Established CPA Firm—Seattle or Duvall Office  Please note specific instructions for submission at the end of this post.  If you like working with numbers, you have a basic knowledge of payroll and/or bookkeeping, and you want to work for a growing company that is committed to helping its employees thrive,…

October 2021 Individual AND Business Tax Due Dates

October 2021 Individual Due Dates October 12 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during September, you are required to report them to your employer on IRS Form 4070 no later than October 12. Your employer is required to withhold FICA…

October Extended Due Date Just Around the Corner

Article Highlights: October 15 is the extended due date for filing federal individual tax returns for 2020. Late-filing penalty Interest on tax due Other October 15 deadlines The normal April 15, 2021 filing deadline for 2020 individual tax returns was extended by the IRS to May 17, 2021 due to the continuing Covid-19 pandemic. If…

The Importance of a Well-Oiled Accounting Function

Though it’s natural for management to focus on its profit-making areas, the importance of a sound accounting foundation to support the operation cannot be overemphasized. The more diligent and meticulous your accounting team is, the more easily the rest of the organization can function and grow. If the system you currently have in place is…

The Treasury Green Book of Biden Proposed Tax Changes

Article Highlights Long-Term Capital Gains Rates Top Individual Tax Rate Pass-Through Income Subject to 3.8% NIIT or SECA Tax Limit Nonrecognition of Like-Kind Exchanges Transfer of Appreciated Property by Gift or Death Family-Owned and -Operated Businesses 15-Year Fixed-Rate Payment Plan Excess Business Loss Limitation Carried Interest Enhanced Financial Account Reporting The U.S. Treasury has released…

Should You Charge Late Fees? QuickBooks Can Help

Do you have a lot of aging receivables? Assessing finance charges can speed up customer payments. Have your customers been submitting payments later than usual these last several months? It wouldn’t be surprising. Many businesses are struggling to pay bills these days. Still, you need to get paid – and on time. Tardy receivables have…

IRS Offers New Identity Protection for Taxpayers

Article Highlights: IP PIN Identity Verification Opt-in Program Application Process : In the past, the IRS has assigned verification numbers to victims of identity theft to file their tax returns, if requested by the victimized individual. These numbers are referred to as identity protection (IP) PINs. The IP PIN is a six-digit code known only…

Charitable Contributions Deduction Liberalized for 2021

As a means to stimulate charitable contributions during the COVID crisis, Congress made two notable changes for 2020—one allowing taxpayers that don’t itemize their deductions an above-the-line deduction for cash contributions of up to $300 and another for those itemizing their deductions to increase the maximum deduction for cash contributions to 100% of their adjusted…

Retirement Plan and IRA Required Minimum Distributions FAQs

The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) became law on December 20, 2019. The Secure Act made major changes to the RMD rules. If you reached the age of 70½ in 2019 the prior rule applies, and you must take your first RMD by April 1, 2020. If you…

IRS Lowers Standard Mileage Rate for 2021 to 56 Cents per Mile

Effective Jan. 1, 2021, the optional standard mileage rate used in deducting the costs of operating an automobile for business will be 56 cents per mile, down 1.5 cents from 2020, the IRS announced Dec. 22 in Notice 2021-02. Businesses often use this amount—also called the safe harbor rate—to pay tax-free reimbursements to employees who use…

Take Advantage of Small Business Tax Deductions

By Yuriy Akopyan | May 7, 2018

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…

Business Tax Extension: What You Need to Know

By Yuriy Akopyan | April 2, 2018

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…

Top Tax Deductions for a Small Business

By Yuriy Akopyan, CPA | March 5, 2018

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…

How Do You Calculate Your Seattle Property Taxes?

By Yuriy Akopyan | February 5, 2018

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…

March 15 Is Tax Deadline For S-Corp And Partnership Extensions

By Yuriy Akopyan, CPA | October 2, 2017

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…

How much is the property tax in Seattle?

By Yuriy Akopyan, CPA | June 4, 2017

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…

What is the sales tax in Seattle?

By Yuriy Akopyan, CPA | February 5, 2017

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…

Form 1096 Due Date in Year 2017 – January 31, 2017

By Yuriy Akopyan, CPA | October 3, 2016

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…

Storing tax records: How long is long enough?

By Yuriy Akopyan, CPA | June 6, 2016

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…

Seattle Business License Tax Due Dates

By Yuriy Akopyan | August 14, 2013