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When an economic downturn happens, it can have a significant impact on people’s lives. Financial hardship caused by a recession can affect your ability to meet basic needs like housing, food, and fuel. We all know that bad times won’t last forever, but what can you do if you're facing financial

Tax laws in the United States are complex and it's one of the many reasons there are as many tax loopholes that are. However, it's also why myriad taxpayers wind up paying more money than they need to and why it's advisable to enlist the services of an experienced financial advisor to maximize your

When you turn on your news, if it's not a disaster or politics (or both), there's often a news story about fraud. Be it robocalls, phishing emails, or hacks into large companies data/privacy. With the advent of the internet, it has become far easier for scammers and criminals to commit fraud as the

You do not owe general business and occupation (B&O) tax if your annual turnover revenues were below $100,000 in Seattle. Though you don't owe tax, it is a requirement to file your returns and report to Seattle B&O even in the case of no activity. The Seattle permit to operate charge is

Construction businesses -- especially in Washington -- are a dime a dozen, but startups are at risk. While they're some of the most common businesses, they have a tendency to have a much shorter lifespan (according to a recent study). Because of this, construction businesses soar need someone

Most medical professionals prefer dealing with patients than handling the accounting and finance department of their practice. Accounting and finance are an important part of any business entity's success, hence, the need to find accounting assistance. Below are types of accounting that medical

Accumulated depreciation is the sum of all depreciation expenses on a company’s assets (sum of the value that assets lose since they start operation). On the other hand, depreciation expense is the degree (in value) to which a machinery, equipment, or tool depreciates over the period of time (say a

So you're finally going to take that big leap and jump into the business ring. Beginning a solo business venture requires a lot of planning, especially when you consider the self-employed (or other entity selection) taxes. If you start your business this year, you will want to get ahead of the