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New business

First Year Checklist for Washington S Corporation

June 30, 2014 By Stephen Nelson CPA

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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

Filed Under: Bookkeeping, business taxes, New business

Your Real Odds for Business Start-up Success

June 23, 2014 By Stephen Nelson CPA

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A few days ago, I reconnected with an old friend. A serial entrepreneur I've worked with on and off over the years. We've been friends for decades … [Read more...] about Your Real Odds for Business Start-up Success

Filed Under: management, New business, Strategy

Download a free incorporation or LLC formation kit

March 21, 2014 By Stephen Nelson CPA

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10/6/2014 Editors note: On October 1, we discontinued our free giveaway of do-it-yourself incorporation kits... Sorry. See here if you're curious … [Read more...] about Download a free incorporation or LLC formation kit

Filed Under: Incorporation, New business

Smart Wealth Strategies of the One Percent

January 27, 2014 By Stephen Nelson CPA

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The personal wealth statistics supplied by the IRS (which I’ve blogged about in other posts here like Joining the Top Five Percent or Top One Percent … [Read more...] about Smart Wealth Strategies of the One Percent

Filed Under: management, New business, personal finance

Has a Jedi Knight Ever Visited Your Business?

October 15, 2013 By Stephen Nelson CPA

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You probably remember that Ewan McGregor played a young Obi-Wan Kenobi in the second set of Stars Wars movies: The Phantom Menace, Attack of the … [Read more...] about Has a Jedi Knight Ever Visited Your Business?

Filed Under: management, New business

Washington State Business & Occupation Taxes: A Primer

October 8, 2013 By Stephen Nelson CPA

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  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

Filed Under: business taxes, New business

Texas, Taxes, and Your Small Business

October 3, 2013 By Stephen Nelson CPA

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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

Filed Under: business taxes, Corporate taxation, New business

Small Business Rainy Day Funds

August 6, 2013 By Stephen Nelson CPA

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You know that phenomenon where suddenly you hear people use some strange word two or three times over the course of a day or weekend? And, like, you … [Read more...] about Small Business Rainy Day Funds

Filed Under: management, New business

Why You’re Working Too Hard

July 18, 2013 By Stephen Nelson CPA

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I got some sad news last week. A friend, actually another small business owner, had finally reached the breaking point. He had found he was working … [Read more...] about Why You’re Working Too Hard

Filed Under: New business

Steps for Electing Sub S Status for Washington LLC or Corp

July 11, 2013 By Stephen Nelson CPA

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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

Filed Under: business taxes, Incorporation, New business

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Featured Posts

Powerball Lottery tax planning says you take the lump sum not the annuity

Powerball Lottery Tax Planning

A while back I talked about Lottery Tax Planning for a Billion Dollar Drawing. And what I said in the earlier article still stands... But the recent … [Read More...] about Powerball Lottery Tax Planning

Start counting hours for material participation before you launch

When Material Participation Really Starts (It’s Earlier Than Most People Think)

Material participation sits at the heart of many powerful tax strategies. Whether you’re running a small business, flipping houses, managing a … [Read More...] about When Material Participation Really Starts (It’s Earlier Than Most People Think)

R&D deductions work differently under the One Big Beautiful Bill

One Big Beautiful Bill’s New R&D Deductions

The OBBB, also known as the One Big Beautiful Bill, also known as the American Innovation and Growth Act of 2025, makes a useful change to the R&D … [Read More...] about One Big Beautiful Bill’s New R&D Deductions

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