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
business taxes
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
Getting a Great Tax Return Prepared for Less than $100
I had a couple of people challenge me this tax season on our pricing. One guy called on the telephone asking if we’re actually … [Read more...] about Getting a Great Tax Return Prepared for Less than $100
Asset Seizures and Forfeitures and Your S Corporation
I've been a big fan of the FX series "Justified" the last few years. Based on an Elmore Leonard short story, "Fire in the Hole," the series follows … [Read more...] about Asset Seizures and Forfeitures and Your S Corporation
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. First, can an S corporation have shareholder-employees working outside the … [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
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