You probably remember that Ewan McGregor played a young Obi-Wan Kenobi in the second set of Stars Wars movies: The Phantom Menace, Attack of the … [Read more...] about Has a Jedi Knight Ever Visited Your Business?
Washington State Business & Occupation Taxes: A Primer
If you’re a new business owner in Washington State, the gross receipts tax (also known as “Business & Occupation tax” or “B&O … [Read more...] about Washington State Business & Occupation Taxes: A Primer
Texas, Taxes, and Your Small Business
Over the next few weeks, I’m going to cover several topics related to state taxes, including how to legally employ people (including yourself) in … [Read more...] about Texas, Taxes, and Your Small Business
S Corporations with Foreign Shareholder-employees
A client asked a couple of interesting questions a week or two ago. Questions about S corporation foreign shareholder-employees. First, can an S … [Read more...] about S Corporations with Foreign Shareholder-employees
Surviving a Washington Department of Revenue Audit
I’m going to do a short post this week—one that covers some information you want to know if the Washington State Department of Revenue decides to … [Read more...] about Surviving a Washington Department of Revenue Audit
Small Business Rainy Day Funds
You know that phenomenon where suddenly you hear people use some strange word two or three times over the course of a day or weekend? And, like, you … [Read more...] about Small Business Rainy Day Funds
Quick and Dirty Payroll for One-person S Corps
Not every one-person corporation pays or even can pay an annual salary of $40,000 to the shareholder-employee. But a salary of $40,000, it turns out, … [Read more...] about Quick and Dirty Payroll for One-person S Corps
Why You’re Working Too Hard
I got some sad news last week. A friend, actually another small business owner, had finally reached the breaking point. He had found he was working … [Read more...] about Why You’re Working Too Hard
Steps for Electing Sub S Status for Washington LLC or Corp
In earlier posts, I've described how to set up your own Washington corporation or limited liability company. And I've talked about the rules for and … [Read more...] about Steps for Electing Sub S Status for Washington LLC or Corp
Pension Deductions Versus Payroll Taxes
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