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Getting a letter from the IRS can turn any normal day into a stressful one -- especially if it hints at collection action. Two notices in particular, CP504 and LT11 (or Letter 1058), often show up right before the IRS begins wage garnishment or bank levies. If you’re in Washington State, the

You might hear from coworkers or see job posts that say “1099 only” or “contractor status.” Sometimes that’s legitimate, but in many cases, people find out after the fact that being a 1099 contractor is very different -- for better or worse. Let’s explore what changes when you move from being a

Filing taxes as a private practice owner can be complex, especially with the unique financial aspects of running a healthcare business. Understanding the key tax considerations and following best practices can help you ensure accuracy and minimize your tax liability. Understanding Your Tax

Understanding the tax implications of owning and operating a senior living facility can significantly impact your bottom line. Here are 15 essential tips to help you navigate the complex world of healthcare accounting: 1. Depreciation and Amortization Depreciation is a tax deduction that

The debate surrounding undocumented immigrants and their tax contributions is a multifaceted one, often clouded by misconceptions and political rhetoric. Understanding the complexities of this issue requires a careful examination of the various ways in which undocumented individuals interact with

Seattle's Revenue and Forecast Council (RFC) released a report in November 2022 that projected a $141 million shortfall in the city's 2023-2024 budget. The RFC also projected that the city would face an additional $82.3 million shortfall in the following two years, bringing the total budget hole to

As a small business owner, you know that every dollar counts. So when an employee asks for a raise, it can be a tough decision. You want to keep your employees happy and motivated, but you also don't want to put your business in financial jeopardy. If you're in this situation, here are a few

Interest rates have been on the rise lately, and many are left wondering what it means for them. For homebuyers, it could mean that mortgages are more expensive. For sellers, it could mean that they get less for their homes. Here's a look at how interest rates are affecting the housing market. 1.