Huddleston Tax CPAs | Accounting Firm In Seattle

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Seattle’s New Capital Gains Tax and the Implications for Real Estate

Seattle's housing and homelessness crisis continues to escalate, prompting bold action from city officials. In a recent announcement, City Council member Cathy Moore proposed a new city-level capital gains tax to bolster housing and food assistance programs. This move is aimed at addressing a

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Seattle Votes on Record-Breaking Transportation Levy

Seattle residents will vote on a $1.55 billion transportation levy on November 5th. If passed, this would be the largest levy in the city's history. The levy, supported by Mayor Bruce Harrell and approved by the City Council, aims to fund various transportation projects, including safety

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EV Tax Credit: A Green Light for Electric Vehicles

The electric vehicle (EV) revolution is gaining momentum, and the recent passage of the Inflation Reduction Act has provided a significant boost. This landmark legislation includes provisions to extend and expand the federal EV tax credit, making it easier for consumers to transition to electric

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Seattle’s Sweet Success: Could a Soda Tax Fund Your Child’s Education?

Remember the uproar in 2017 when Seattle passed a tax on sugary drinks? Critics predicted economic doom and gloom for small businesses, while others questioned the effectiveness of such a measure. Fast forward to today, and the story is taking a surprising turn – one that could have a significant

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Seattle Eying Delivery App Fees, Not A Food Levy

Confusion has gripped Seattle residents in recent weeks, fueled by rumors circulating online about a proposed tax on groceries. The culprit? An email allegedly from Instacart, the popular grocery delivery service, warning customers about the new levy. But fear not, Seattleites, your pantries are

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Seattle’s Tax Burden Soars, But City Struggles to Address Urgent Concerns

The Downtown Seattle Association (DSA) is raising concerns about the city's escalating tax rates and its failure to address critical issues facing residents. A recent study commissioned by the DSA revealed that Seattle's general fund and operating fund taxes have skyrocketed at an alarming rate,

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Navigating Black Friday as a Small Business

Black Friday is a global shopping phenomenon, synonymous with deep discounts and frenzied crowds. While large conglomerates and big-box retailers dominate the Black Friday landscape with their massive advertising budgets and deep-pocketed promotions, small businesses often find themselves struggling