Relocating for work can be a pivotal step in advancing your career, but it often comes with significant financial considerations. While the ability to deduct moving expenses on federal tax returns has largely been curtailed for most taxpayers, exceptions remain—especially for members of the Armed
IFRS vs. US GAAP: Bridging the Gap in Financial Reporting
Financial statements are the backbone of assessing a company’s financial health. However, the way this information is presented can vary significantly based on the accounting standards applied. Two dominant frameworks—International Financial Reporting Standards (IFRS) and Generally Accepted
When to Hire a Financial Advisor & when to go it Alone
Managing finances as a small business owner can be daunting. Whether you’re navigating tax regulations, managing payroll, planning for growth, or dealing with unexpected expenses, a clear financial strategy is essential. A financial advisor can provide valuable guidance, but picking the right
Form 8825 for Partnerships & S Corps
If you're involved in real estate through a partnership or S corporation, IRS Form 8825 (available for download here) is a key tax form you need to get familiar with. While it may not get as much attention as the 1040 or Schedule E, this form plays a major role in how your rental income is reported
Tax Deductions for Engineers, Architects & Construction Professionals
Seattle's skyline is ever-changing, shaped by a high-demand real estate market, ongoing infrastructure upgrades, and the ever-growing presence of major tech companies. Behind each crane and blueprint are engineers, architects, and construction professionals navigating complex work—and complex tax
Rental Property Write-Off Limits in Seattle
Seattle’s rental property market has long been a draw for investors, thanks to strong demand and property value appreciation. But when it comes to taxes, knowing what you can and can’t write off is critical to maximizing profitability and staying compliant. What you can Deduct As a
How to Avoid a Tax Audit
Whether you’re expecting a refund or preparing to pay, one concern quietly looms for many: the IRS audit. While only a small percentage of taxpayers are actually audited, it’s still worth understanding what can trigger one—and more importantly, how to reduce your risk. Here’s what you need to
How Seattle Small Businesses Can Leverage AI to Thrive
Seattle’s small business community is full of innovation—but with rising costs and a tight labor market, owners are constantly searching for ways to do more with less. Fortunately, artificial intelligence (AI) is no longer just for big tech companies. It’s quickly becoming a powerful tool for small