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New business

Steps for Electing Sub S Status for Washington LLC or Corp

July 11, 2013 By Stephen Nelson CPA

Picture of scissors cutting a piece of paper with taxes written on it.

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

Forming a Washington State Corporation

July 1, 2013 By Stephen Nelson CPA

Picture of Washington state flag

You can pay one of those online services to set up a Washington corporation. But if you’re at all the do-it-yourself type, the actual steps you take … [Read more...] about Forming a Washington State Corporation

Filed Under: Incorporation, New business

What Sort of Accounting System Does a Small Corporation Need?

June 27, 2013 By Stephen Nelson CPA

Picture of balance sheet.

I've been working with the new version of QuickBooks the last couple of weeks. And that activity has made me think in very general terms about the … [Read more...] about What Sort of Accounting System Does a Small Corporation Need?

Filed Under: Bookkeeping, New business, Software

Washington State LLC vs Corporation Rules

June 21, 2013 By Stephen Nelson CPA

Picture of pencil writing word profit.

New business owners often want to organize a venture as a corporation or limited liability company. And that choice makes great sense. Both LLCs and … [Read more...] about Washington State LLC vs Corporation Rules

Filed Under: business taxes, Incorporation, New business

EIN Rules for Washington LLCs

June 5, 2013 By Stephen Nelson CPA

Picture of reading glasses and tax form.

You may need to get an Employer Identification Number, or EIN, for a new Washington State limited liability company so you can open a bank account and … [Read more...] about EIN Rules for Washington LLCs

Filed Under: Incorporation, New business

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Featured Posts

The Washington millionaire tax missing deductions will surprise many taxpayers.

The Missing Washington Millionaires Tax Deductions

Washington state taxpayers paying the new Millionaires Tax may assume the itemized deductions they use on their federal income tax return also somehow … [Read More...] about The Missing Washington Millionaires Tax Deductions

Washington state estate tax calculator 2026 version

Washington State Estate Tax Calculator (2026 Version)

The Washington State Estate Tax Calculator provided below estimates state estate taxes for decedents dying on or after July 1, 2026. Note that the … [Read More...] about Washington State Estate Tax Calculator (2026 Version)

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

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