It's April again, and that familiar feeling of dread washes over you. The tax deadline looms, and your W-2s and 1099s are buried under a mountain of unopened mail. Fear not, fellow entrepreneur! While filing at the last minute isn't ideal, it's certainly salvageable. Here's what you, as a business
10 Tax Tips for Sole Proprietors
As a sole proprietor, it's crucial to understand the various tax deductions and strategies available to you. By taking advantage of these tax tips, you can potentially reduce your tax liability and keep more of your hard-earned income. Here are some valuable tax tips to consider: 1. Startup Costs
Decoding Feudal Property Concepts: Fee Simple and Fee Tail
While many areas of modern American law have evolved substantially from their ancient English roots, our property law terminology still carries echoes of the feudal system that originated centuries ago. Two phrases that require decoding for today's real estate world are "fee simple" and "fee tail" -
Breaking Down Seattle’s Unincorporated Business Tax
As a business owner in Seattle, one tax you need to be aware of is the city's Unincorporated Business Tax (UBT). This tax applies to any unincorporated business operating within Seattle city limits, including sole proprietorships, partnerships, limited liability companies (LLCs), and certain other
Tax Strategies for SaaS Startups in Seattle
The SaaS industry thrives on innovation and agility. However, the unique nature of this business model brings its own set of tax challenges, especially for small, startup companies. Broad Challenges for SaaS Companies: Unlike traditional software, SaaS offerings are often delivered digitally,
Understanding Repairs, Improvements, and Capital Expenses for Rental Properties
Maintaining the Value and Appeal of Your Rental Property Owning rental properties requires ongoing maintenance and occasional upgrades to keep them in good condition and attractive to tenants. While these actions impact your property's value and functionality, they also have significant
Building a Profitable SaaS Business – Top 5 Areas to Master
For any tech startup, one of the primary goals is to reach profitability and sustainability as a business. Software-as-a-Service (SaaS) companies are no exception to this goal. While early stage SaaS businesses are often more focused on top line growth and capturing market share, at some point the
Can You Deduct Rental Expenses When A Property Is Vacant?
Renting out a second home can provide a variety of benefits for homeowners in the position to do so. However, there are also a variety of things to consider when you're renting out your second space. When homeowners decide to make this change, many wonder what qualifies as a deduction when the