As a small medical practice, you are faced with many ethical dilemmas when it comes to the cost of providing care. On the one hand, you want to provide the best possible care for your patients, regardless of their ability to pay. On the other hand, you need to make enough money to keep your practice
How to Use Data to Improve Cash Flow for Your Medical Practice
Cash flow and collections are essential for the success of any medical practice. However, many small medical practices don't realize they have valuable data at their disposal that can be used to improve these processes. By understanding your data, you can gain insights into your patients, your
Seattle’s JumpStart Tax: What Small Business Owners Need to Know
The Seattle JumpStart payroll tax is a tax on businesses with a total payroll of more than $8.1 million annually, and that have at least one employee making $174,337 per year or more. The tax rate is 1% for businesses with a payroll of up to $20 million, 2% for businesses with a payroll of $20
Business Tax Credits in Seattle, Washington
Business tax credits can help businesses reduce their tax liability. These credits are available for a variety of purposes, such as hiring new employees, investing in research and development, or expanding into new markets. Types of Business Tax Credits in Seattle The following are some of the
When an Employee Asks for a Raise and You Can’t Afford It
As a small business owner, you know that every dollar counts. So when an employee asks for a raise, it can be a tough decision. You want to keep your employees happy and motivated, but you also don't want to put your business in financial jeopardy. If you're in this situation, here are a few
The Cost of Invisible Labor: What It Means for Small Business Owners
The COVID-19 pandemic has forced many businesses to adapt to remote work. While this has had many benefits, it has also created new challenges. One of the biggest challenges is the cost of invisible labor. What is Invisible Labor? Invisible labor is the work that goes unnoticed or
Small Business Success Stories: How the HuffPost and Zoom Became Multi-Million Dollar Businesses
Small businesses are the backbone of the American economy, accounting for over 99% of all businesses in the United States. While many small businesses fail, many succeed as well. Here are two examples of just that: Arianna Huffington: The Huffington Post Arianna Huffington is a Greek-American
Seattle Council Member Proposes to Replace Regressive Water Tax with Capital Gains Tax
Seattle Council member, Alex Pedersen, has proposed a plan to replace the city's regressive water tax with a capital gains tax on high-income earners. The water tax, which is currently 15.54%, is paid by all Seattle residents on their water bills. Pedersen argues that the tax is unfair because it