I've been hanging out at the bogleheads.org forum recently. And in a discussion about business owner salaries, another forum member asked how one … [Read more...] about Pension Deductions Versus Payroll Taxes
How to Make S Elections for Washington Businesses
Both Washington state corporations and limited liability companies can elect to use the tax accounting rules described in Subchapter S of the Internal … [Read more...] about How to Make S Elections for Washington Businesses
Forming a Washington State Corporation
You can pay one of those online services to set up a Washington corporation. But if you’re at all the do-it-yourself type, the actual steps you take … [Read more...] about Forming a Washington State Corporation
What Sort of Accounting System Does a Small Corporation Need?
I've been working with the new version of QuickBooks the last couple of weeks. And that activity has made me think in very general terms about the … [Read more...] about What Sort of Accounting System Does a Small Corporation Need?
Washington State LLC vs Corporation Rules
New business owners often want to organize a venture as a corporation or limited liability company. And that choice makes great sense. Both LLCs and … [Read more...] about Washington State LLC vs Corporation Rules
DPAD Deductions for Small Businesses
I want to talk a bit about a crazy business tax loophole called the DPAD, or Sec. 199 deduction, that's available to but that often isn't used by … [Read more...] about DPAD Deductions for Small Businesses
EIN Rules for Washington LLCs
You may need to get an Employer Identification Number, or EIN, for a new Washington State limited liability company so you can open a bank account and … [Read more...] about EIN Rules for Washington LLCs
Forming a Washington State LLC
I want to throw out a silly idea about forming a limited liability company in Washington state: You can probably do the work yourself. Here’s the … [Read more...] about Forming a Washington State LLC