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
Taxes from Gambling in Washington State
Is Gambling Legal in Washington? Yes, gambling is legal in Washington—but only under specific conditions. Washington State has some of the strictest gambling laws in the country, but there are still opportunities to legally place bets. Here’s the breakdown: What's Legal: What’s Not
Form 1040X: Correcting Your Tax Return with Confidence
Mistakes happen, even on tax returns. That’s where Form 1040X comes in—a powerful tool for taxpayers to correct errors or omissions in previously filed tax returns. Whether you forgot to include certain income, overlooked a credit, or made an honest error, Form 1040X allows you to set things
1099-K Forms: What you Need to Know about Online Payments
Tax season can feel overwhelming, especially with the increasing complexity of online payment platforms. If you’ve been using services like PayPal, eBay, Zelle, or Venmo, you might encounter the 1099-K form amidst your paperwork. This document is crucial for reporting certain income earned through