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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

If you are self-employed, typically you need to file a Schedule C form. This form is required to report the income or loss of your business. Additionally, if you're a sole proprietor, independent contractor (a statutory employee), or receive 1099-MISC income, you'll need to file a Schedule C

As these harsh economic times continue to intensify for the worst as a result of the COVID-19 pandemic, many small and large scale primary businesses are being forced to either layoff their employees, or furlough them. As of the 4th week of lockdown in several significant states of the world, close