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
business taxes
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. 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
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
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
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