Hiring a CPA is supposed to bring peace of mind. After all, taxes are complicated, and many taxpayers (be they individuals or small business owners) turn to professionals for accuracy, compliance, and the chance to minimize liability legally. But what happens when your CPA claims deductions you
How to Report Merchandise Returns When the Return Falls in a Different Quarter
As a Washington State business owner — especially if you're operating as an LLC — you're likely familiar with filing quarterly Sales & Use Tax Returns. But what happens when a customer returns merchandise in a different quarter than when the sale was originally reported? This is a common
What’s a Good EBITDA Margin for a New Medical Practice?
When launching a medical practice, understanding your financial benchmarks is essential—especially your EBITDA margin (Earnings Before Interest, Taxes, Depreciation, and Amortization). This metric reflects the profitability of your operations before non-operational expenses and can help you measure
Should You Hire a CPA If All Your Income Is W‑2?
If you’re a W-2 employee working in Washington State, you may wonder whether hiring a Certified Public Accountant (CPA) is worthwhile. While many CPA benefits are more typical for business owners or freelancers, W-2 employees in Washington can still gain significant advantages from professional tax
Real Estate Tax Strategy: Cost Segregation, Accelerated & Bonus Depreciation
For real estate investors and commercial property owners, understanding how to maximize depreciation can be the difference between a marginal investment and one that delivers outsized returns. Three tax strategies stand out in this space: When used together, they can significantly reduce
Specialized Accountants for Locum Doctors: Where Finance Meets Flexibility
As a locum tenens doctor, you enjoy the freedom and flexibility of choosing your assignments and locations. But with that independence comes a unique set of financial challenges. You're responsible for managing your own income, taxes, and retirement planning – a complex task without the support of a
Unlocking Savings: How Small Businesses Can Take Advantage of Tax Credits
Running a small business in Washington State comes with its share of challenges — rising operating costs, workforce shortages, and compliance hurdles, just to name a few. But one area where many small and mid-sized businesses (SMBs) miss out is in leveraging tax credits. These incentives can
7 Tax Law Changes You Need to Know in Seattle in 2025
Here are the top 7 tax law changes — both state and federal — that Washington small business owners need to know about in 2025: 1. Increased B&O Tax Rates & Surcharges (HB 2081) 🚨 Effective Oct 1, 2025, Washington will raise B&O (Business & Occupation) rates across most