A client came into the office the other day and mentioned she had heard one can’t use an S corporation for a one person business or for … [Read more...] about Are One-person S Corporations Illegal?
business taxes
TPRs: A Guide for Small Businesses and Real Estate Investors
2/17/2015 Update: Information about our TPRs e-book, which has been updated for Revenue Procedure 2015-20, appears at the bottom of page. Mid-year, … [Read more...] about TPRs: A Guide for Small Businesses and Real Estate Investors
Washington State Employment Security Department: Computer System Meltdown?
If you’re a Washington state employer, you've probably noticed something this year: collection letters from Employment Security assessing small- to … [Read more...] about Washington State Employment Security Department: Computer System Meltdown?
Vacation Homes as Small Business Tax Shelters
Recently, a handful of people have asked about this gambit where a small business owner turns a vacation home into a tax … [Read more...] about Vacation Homes as Small Business Tax Shelters
Primer on California S Corporation Taxation
You can get extremely detailed information about how California taxes both in-state and out-of-state S corporations from the California Franchise Tax … [Read more...] about Primer on California S Corporation Taxation
Primer on the FBAR and FATCA Rules & Penalties
Our CPA firm office prepares a lot of the FinCEN 114 and 8938 forms—which are the forms you use to comply with the "Foreign Bank and Financial … [Read more...] about Primer on the FBAR and FATCA Rules & Penalties
Small Businesses and the New Sec. 263 Repair Regulations
Okay, you may not know this yet. But a 2013 change in the accounting rules for repair and maintenance expenditures (specifically, Treasury Regulation … [Read more...] about Small Businesses and the New Sec. 263 Repair Regulations
Weaponry You Want If You’re Audited
For whatever reason, we seem to see clients get audited in waves. Months will roll by and other than those annoying “audit letters” (which are … [Read more...] about Weaponry You Want If You’re Audited
First Year Checklist for Washington S Corporation
We've helped a number of business owners and entrepreneurs set up an S corporation this year. So I thought it might be a good idea to create a little … [Read more...] about First Year Checklist for Washington S Corporation
Getting Ready for Seattle’s new $15 an Hour Minimum Wage
So I've been thinking about the $15-an-hour-minimum-wage law the Seattle City Council passed a couple of weeks back. And though I've read through … [Read more...] about Getting Ready for Seattle’s new $15 an Hour Minimum Wage