Despite the United States striving to differentiate itself from British traditions, echoes of the British legal system resonate strongly in our own. One prime example is the seminal case of Hadley v Baxendale (1854), an English contract law case that established the principle of foreseeability in
The Sixteenth Amendment & the Issue of State Sovereignty
In today's complex tax landscape, understanding the historical foundations of our federal tax system is crucial for both businesses and individuals. The Sixteenth Amendment, while over a century old, continues to shape modern tax policy and significantly impacts how businesses and individuals are
How To Market Your Small Business
Starting a business is challenging, but marketing that business effectively can be even more daunting. As a new business owner, you're not just selling a product or service—you're telling a story, building a brand, and creating connections that will drive your success. This guide will walk you
Business Development 101: A Roadmap for Small Business Growth
As a small business owner, you've already conquered the most challenging step: starting your venture. But now comes an equally important mission—growing and sustaining your business in a competitive marketplace. Business development isn't just a buzzword; it's the strategic engine that transforms
A Strategic Guide to Income Property Investments for LIHTC
For savvy investors living in the high-cost Pacific Northwest, exploring income properties in government-subsidized housing represents a nuanced investment strategy that can provide significant financial benefits while navigating complex tax situations. The Government Subsidy Advantage: More Than
The Benefit Detriment Theory: Hammer vs Sidway
Contract law is continually evolving so courts can decipher the purpose and intent of these contracts. This is where the benefit detriment theory comes in. A substantial agreement must exist and the parties must have freely intended to be legally bound. For instance, if a client offers your
Rent Deductibility: What Entrepreneurs Need to Know
As a startup accounting firm nestled in the heart of Seattle, we've fielded countless questions about business expenses. One of the most common? "Is my rent tax-deductible?" The short answer: It depends. Let's break down the nuanced world of rent deductions. The WeWork Scenario: Office Space
Small Business Booming in Seattle (especially in U-District)
UPDATE NOV 2024: The information provided about Seattle's business landscape in 2023 remains relevant in 2024, albeit with some nuances. While the pandemic's immediate impact has lessened, its long-term effects, such as the rise of remote work and the shift towards digitalization, continue to shape