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management

How to Not to Become a Billionaire

January 19, 2015 By Stephen Nelson CPA

Picture of man standing in front of gigantic whiteboard.

Peter Thiel in his recent book From Zero to One makes a bunch of interesting, useful points about entrepreneurship. Thiel, as you may already know, … [Read more...] about How to Not to Become a Billionaire

Filed Under: management, New business, Strategy

Are One-person S Corporations Illegal?

January 2, 2015 By Stephen Nelson CPA

Picture of man smoking cigar and counting money.

  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 a … [Read more...] about Are One-person S Corporations Illegal?

Filed Under: business taxes, Incorporation, management, personal finance

TPRs: A Guide for Small Businesses and Real Estate Investors

December 22, 2014 By Stephen Nelson CPA

Man using a wrench in a car engine repair project.

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

Filed Under: Bookkeeping, business taxes, management

Benchmarking for Better Financial Results

December 16, 2014 By Stephen Nelson CPA

Picture of sign with word benchmarking in big yellow letters

The American Institute of Certified Public Accountants (AICPA) just published a guest post (see here) I recently wrote about the online dynamic … [Read more...] about Benchmarking for Better Financial Results

Filed Under: management, New business, Strategy

Does the Vanguard Personal Financial Plan Work for Small Business Owners?

November 26, 2014 By Stephen Nelson CPA

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A few days ago, Vanguard prepared a personal financial plan for me. I actually have a personal financial plan already—one prepared based on the m … [Read more...] about Does the Vanguard Personal Financial Plan Work for Small Business Owners?

Filed Under: management, personal finance, Strategy

Stress Tests for Your Small Business

November 10, 2014 By Stephen Nelson CPA

Picture of Timothy Geithner

I did a think week last month and used much of the time to read several of the “second wave” books about the recent financial crisis, including former … [Read more...] about Stress Tests for Your Small Business

Filed Under: management, personal finance, Strategy

Washington State Employment Security Department: Computer System Meltdown?

October 16, 2014 By Stephen Nelson CPA

Picture of confused man sitting in front of computer that doesn't work.

If you’re a Washington state employer, you've probably noticed something this year: collection letters from Employment Security assessing small- to m … [Read more...] about Washington State Employment Security Department: Computer System Meltdown?

Filed Under: business taxes, management

Does Price Discounting Work for Small Business?

October 6, 2014 By Stephen Nelson CPA

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  We experimented with a freemium through the first few months of the year, giving away free copies of some of our do-it-yourself … [Read more...] about Does Price Discounting Work for Small Business?

Filed Under: management, Strategy

The Big Benefits of Entrepreneurial Longevity

September 15, 2014 By Stephen Nelson CPA

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Saturday night, a friend graciously treated my wife and me to the Crosby Stills & Nash concert at Chateau Ste. Michelle in Woodinville. The … [Read more...] about The Big Benefits of Entrepreneurial Longevity

Filed Under: management, personal finance

Five Questions Your Business Plan Must Answer

September 8, 2014 By Stephen Nelson CPA

Picture of entrepreneur working on clear writing board.

To follow up on the last couple of weeks of blog posts about strategy and common business formulas, I thought this week I’d talk about how to write a b … [Read more...] about Five Questions Your Business Plan Must Answer

Filed Under: management, New business, Strategy

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Featured Posts

Washington millionaire tax creates two marriage penalties

Washington Millionaires Tax Marriage Penalty

The federal income tax sometimes creates a marriage penalty. But usually not. Most federal tax brackets, standard deductions and adjustments for … [Read More...] about Washington Millionaires Tax Marriage Penalty

Washington state millionaire tax statistics

Washington’s New Millionaires Tax Statistics

Washington's new 9.9% millionaires tax doesn't take effect until January 1, 2028, with the first returns and payments due in April 2029. That … [Read More...] about Washington’s New Millionaires Tax Statistics

Use the Section 199A Deduction Calculator to estimate the new "Qualified Business Income" deduction.

Section 199A QBI Deduction Calculator

Starting in 2026, the Section 199A deduction works slightly different. Congress adjusted the formulas for inflation, improved how future inflation … [Read More...] about Section 199A QBI Deduction Calculator

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