Small Business

A recent article by KPQ paints a bleak picture for aspiring entrepreneurs, ranking Washington as the worst state to launch a business. While the study by Eton Venture Services highlights some challenges, Seattle, and Washington as a whole, boasts a vibrant startup ecosystem with success stories that

As a sole proprietor, one of the first decisions you'll need to make is whether to operate under your personal name or file a fictitious business name, also known as a "doing business as" or DBA. Using a DBA can provide some advantages but also comes with some additional requirements. Here's what

EBITDA, which stands for Earnings Before Interest, Taxes, Depreciation, and Amortization, is a widely used financial metric for evaluating a company's profitability and cash flow from operations. But what exactly constitutes a "healthy" EBITDA? The answer depends on several factors, including the

As a sole proprietor, it's crucial to understand the various tax deductions and strategies available to you. By taking advantage of these tax tips, you can potentially reduce your tax liability and keep more of your hard-earned income. Here are some valuable tax tips to consider: 1. Startup Costs

As a business owner in Seattle, one tax you need to be aware of is the city's Unincorporated Business Tax (UBT). This tax applies to any unincorporated business operating within Seattle city limits, including sole proprietorships, partnerships, limited liability companies (LLCs), and certain other

Forget time machines – the end of the year looms, and with it, tax season's complexities. You're an entrepreneur, not a tax expert, but maximizing deductions and minimizing your tax burden is crucial. Here are three key strategies you can implement before December 31st, each requiring minimal time

The world of business can often feel transactional, focused solely on numbers and the elusive bottom line. While financial success is crucial, caring for your business is about more than just profits. It's about fostering a sense of purpose, connection, and responsibility that ultimately leads to

S corporations offer a number of advantages over sole proprietorships (visit our tax calculator to test it yourself), including the ability to avoid self-employment taxes and limited liability protection. However, many small business owners do not bother restructuring, but why? There are a