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Huddleston Tax CPAs | Accounting Firm In Seattle

Huddleston Tax CPAs | Accounting Firm In Seattle

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Blog

March 30, 2025 By john

Should You Change Your LLC to an S Corporation? What to Know

As your small business grows, it’s only natural to reevaluate your structure—especially when it comes to taxes. One of the most common questions we get is whether they should convert their LLC to an S Corporation. The answer? It depends on your business goals, income, and how you want to handle

Filed Under: Small Business

close-up of a person's hand jotting down a checklist

March 30, 2025 By john

CPA Checklist: What to Bring to Your First CPA Appointment

When it comes to working with a Certified Public Accountant (CPA), organization pays—literally. Whether you're meeting your CPA for the first time or simply prepping for tax season, being ready with the right documents can save you both time and money. Most CPAs charge by the hour, and the more

Filed Under: Taxes

Common mistakes to avoid with medical practice accounting

March 28, 2025 By john

Common Mistakes Running A Medical Practice

When launching a medical practice, your primary focus is (understandably) on patient care. But as your practice grows, accounting quickly becomes one of the most critical components of your long-term success. From navigating complex billing cycles to managing cash flow and payroll, the right

Filed Under: medical

image of woman's hands on computer keyboard

March 21, 2025 By john

The Benefits of an Online CPA Firm like Ours

In a world where business happens across time zones, meetings take place over Zoom, and cloud-based tools dominate daily operations, it’s no surprise that virtual CPA firms are quickly becoming the go-to solution for small businesses, freelancers, and entrepreneurs. Whether you're running a

Filed Under: Taxes

a for rent sign hanging outside a british like building

March 15, 2025 By john

Understanding Schedule E Refinance Costs: What You Need to Know

When it comes to refinancing your rental property, there are a lot of factors to consider, not just for securing a better interest rate or loan terms, but also when it comes to tax implications. For real estate investors and property owners, understanding how refinancing can impact your taxes is

Filed Under: Taxes

calculator resting on a stack of papers with numbers and figures

March 8, 2025 By john

How to Apply for an FEIN

If you’re starting a small business or making changes to an existing one, you’ve likely heard about the Federal Employer Identification Number (FEIN). But what is it, and how do you apply for one? This guide breaks down everything small business owners need to know about FEINs and how to get one

Filed Under: Small Business

image of a calculator on finance forms

March 1, 2025 By john

Do S Corporations and LLCs Need to Handle 1099s?

If you run a small business, managing 1099 forms can be confusing. Do you need to issue them to contractors? Should your business expect to receive any? And how do rules differ for S corporations and LLCs? This guide will clarify the key requirements and help ensure your business stays compliant

Filed Under: Uncategorized

elder couple sitting on a bench overlooking docks

February 23, 2025 By john

Tax Deductions for Contributions to a Traditional IRA

Contributing to a Traditional Individual Retirement Account (IRA) not only helps you save for retirement but can also reduce your taxable income, providing immediate tax benefits. However, the availability and size of the tax deduction depend on factors such as your income, filing status, and

Filed Under: Taxes

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Kenmore, WA 98028
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