Washington state taxes the estates of high-net-worth residents and high-net-worth nonresidents who own property in the state. The tax rates start at … [Read more...] about Washington’s Qualified Family-Owned Business Interest Estate Tax Deduction: Updated for 2025
entrepreneurship
Nate Silver On the Edge: Actionable Insights for Entrepreneurs
I read Nate Silver’s On the Edge on a recent trip to the California desert. The book isn’t really about entrepreneurship or small business ownership … [Read more...] about Nate Silver On the Edge: Actionable Insights for Entrepreneurs
The Real Estate Investment Every Entrepreneur Should Consider
I’m not a real estate investment fanatic. I mean, sure, I think real estate investment probably belongs in most people’s portfolios. But you can do … [Read more...] about The Real Estate Investment Every Entrepreneur Should Consider
The Section 183 Schedule C Problem
Last month we blogged about potential issues with short-term rentals and Section 183. Section 183 is part of the tax law that says you cannot deduct … [Read more...] about The Section 183 Schedule C Problem
Advanced S Corporation Tax Planning Secrets
Five million small businesses operate as S corporations. And surely most of those folks know the simple trick for saving money with an S corporation. … [Read more...] about Advanced S Corporation Tax Planning Secrets
Wealth Building Insights from Latest Federal Reserve Study
The Federal Reserve's newest Survey of Consumer Finances provides at least a couple of big, actionable, wealth building insights. Ironically, much … [Read more...] about Wealth Building Insights from Latest Federal Reserve Study
The Qualified Family-Owned Small Business Deduction
If you own or invested in a Washington state small business, you want to know about the qualified family-owned small business deduction. And here’s … [Read more...] about The Qualified Family-Owned Small Business Deduction
Six Hacks to Simplify Small Business Accounting and Taxes
Starting a new business? This suggestion: Keep your small business accounting and your taxes simple. Really simple. The reason? In the post-pandemic … [Read more...] about Six Hacks to Simplify Small Business Accounting and Taxes
A Dozen Ways to Deduct Real Estate Losses
Tax law (and especially Section 469 of the Internal Revenue Code) mostly eliminates your ability to save big on taxes using real estate. That said, … [Read more...] about A Dozen Ways to Deduct Real Estate Losses
Human Capitalists in the Twenty-First Century
I reread a great research paper recently: “Capitalists in the Twenty-first Century,” from the economists Matthew Smith, Danny Yagan, Owen M. Zidar and … [Read more...] about Human Capitalists in the Twenty-First Century