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Huddleston Tax CPAs | Accounting Firm In Seattle

Huddleston Tax CPAs | Accounting Firm In Seattle

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Taxes

October 12, 2018 By john

Can You Claim Expenses Before A Business Starts?

When starting a new business most startup founders have to spend a large amount of their own personal money to start the business. While that may be stressful there is good news, you can now take a start up deduction to limit your tax bill. Here’s how: What Can I Write Off As a Startup

Filed Under: Taxes

June 22, 2018 By john

Small Business Coaching: Tax Basics

The best and worst thing about running a small business is that you’re responsible for everything. While there’s a certain freedom that comes with this, there’s also an often overwhelming level of responsibility. Everything from finances, to staffing, to advertising, will fall squarely on your

Filed Under: Taxes

November 27, 2017 By john

A Primer on Disregarded Entities

If you spend a substantial amount of time around tax professionals, there's a decent chance you will encounter the phrase "disregarded entity" at one point or another. This phrase, fear-inspiring though it sounds, is a fairly straightforward concept which has relevance in a variety of contexts. In

Filed Under: Taxes

February 27, 2017 By john

The Will of the People

The phrase “the will of the people” has greater importance for Americans than it has for citizens of other states around the world. In large part, this stems from our deeply entrenched view of our system of government as a system which has developed entirely from the collective will of a free

Filed Under: Taxes

January 12, 2017 By john

Thought of the Day: What’s in a Tax?

What's in a tax? Divested of all misleading associations and stripped of any false labels, what does a tax truly represent? In these last several months, Huddleston Tax Weekly has covered a wide range of topics. We've looked at tax measures from eras far removed from our own: we've examined the

Filed Under: Taxes

January 4, 2017 By john

A Note on the Capital Gains Tax

As the previous installment of Huddleston Tax Weekly made clear, our tax code draws a distinction between ordinary income and capital gains. In general, ordinary income is income derived throughout the course of running a business or trade; capital gains result from the sale of a “capital asset”

Filed Under: Taxes

October 20, 2016 By john

What is Commercial Paper?

There is a variety of means companies can utilize in order to generate capital. Companies employ certain means rather than others depending on what specific needs they have to fulfill. Commercial paper is an unsecured promissory note which is typically used to fund short-term company projects. Since

Filed Under: Taxes

October 6, 2016 By john

A Primer on New York’s Mobility Tax

In May of 2009, the governor of New York signed into effect the Metropolitan Commuter Transportation Mobility Tax (also referred to as simply the “mobility tax”). The MCTMT imposes a tax on both businesses and self-employed individuals provided they meet certain income thresholds. The MCTMT was

Filed Under: Taxes

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