Sweat equity is a person's or company's commitment to a business venture or other enterprise. Sweat equity is typically non-monetary and takes the form of manual labor, emotional commitment, and time. Sweat equity is popular in real estate and manufacturing, as well as in the corporate sector,
Deductions Your Dental Practice Might Be Missing Out On
Last year taxpayers lost out on almost one billion dollars in deductions. No doubt, a few dental practices were among those taxpayers missing out. Here are 12 of the most common deductions a dental practice can capitalize on.. State Sales Tax Deduction Many dental practices reside in
Why Are Taxes So Complicated?
In a number of industries, language serves as the barrier of entry. If you study law, then codes, laws, and court cases become second-nature. If you join the military, your concept of the alphabet can change over the course of boot camp. And even if you just jump into a startup, there's undoubtedly
Why A CPA Specializing In Construction Is A Must For Your Business
Construction businesses -- especially in Washington -- are a dime a dozen, but startups are at risk. While they're some of the most common businesses, they have a tendency to have a much shorter lifespan (according to a recent study). Because of this, construction businesses soar need someone
What Is The Foreign Tax Credit?
There are different types of tax deductions that every citizen should pay to their government. In some states, individual citizens are exempted from particular taxes while others receive lower taxations. The foreign tax credit allows you to pay a lower income tax. You get this tax credit
Let Your Accountant Be Your Business Consultant
If you want to grow your business, chances are you'll want a business consultant's opinion and advice. To a certain extent, every entrepreneur sets out to run their own business to be their own boss and do things their own way. However, it's useful to have a knowledgeable third-party objectively
What Happened With GameStop Stocks?
The year 2020 was unprecedented. Reflecting on the global impact of the pandemic is disheartening. The year claimed various initiatives, small businesses, and companies, many coming to a sudden halt. The case was no different with GameStop. GameStop has been losing money for awhile, losing money
The Current State of Washington’s Small Businesses
It's no secret that Seattle has seen booming growth over the last decade with many tech giants making Seattle their primary (or secondary) base of operations. Microsoft, Amazon and Google among many others. The tech industry alone accounts for 17% of Washington's economy which currently ranks 12th