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Huddleston Tax CPAs | Accounting Firm In Seattle

Huddleston Tax CPAs | Accounting Firm In Seattle

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Blog

person working on a computer with an 80 20 mug

November 29, 2019 By john

Accounting for Startups

Accounting for startups entails keeping strict (and accurate) financial records and detailed accounts to project the organization's growth. As a business owner, accounting is absolutely vital to discern what trajectory your business is on, so you know what you can afford. If you're trying to do

Filed Under: Uncategorized

sole proprietor business planning

November 15, 2019 By john

What Type of Business Should Operate as a Sole Proprietorship?

A sole proprietorship is undeniably the easiest, lowest-costing entity to form and manage. That said it's not the best option for all businesses, in some cases an S Corp or LLC might make more sense. Here are some of the advantages of a sole proprietorship: Simplicity - This is by far the least

Filed Under: Small Business

cork board with business plan

November 8, 2019 By john

Calculating Your Startup Costs

The myth: most startups lose money for the first two years.The reality: they don't have to. Failure is good, it's a learning experience. We're meant to embrace it, learn from it, and pivot accordingly. That said, why would you set yourself up for failure? Don't dive into a startup expecting to

Filed Under: Uncategorized

jar of coins spilling out

November 1, 2019 By john

Why Is My Business Bleeding Money?

If you're asking this question, I can imagine you feel as though you're in dire straits. It's difficult enough to create a sustainable business, let alone grow while you feel as though your expenses are outweighing your profits. Capital and cash always top the list on every entrepreneur's

Filed Under: Uncategorized

man looking at charts and considering something

October 25, 2019 By john

Should You Hire Or Outsource Your First Employee?

You've started your business, it's growing faster than you imagined. It's glorious, it's exciting, but now you need someone to pick up the slack. You've reached a point where you can afford to pay someone to start doing the "growing" or to handle your existing clients while you focus on growing.

Filed Under: Uncategorized

accountant's work station

October 18, 2019 By john

Adding It Up: A Day in the Life of an Accountant

Anyone who has owned a business or faced a difficult tax situation knows how essential accountants are to avoid financial ruin. While I have no doubt you're familiar with some of the services accountants perform, there's a lot more that goes into accounting than filing taxes and bookkeeping. What

Filed Under: Uncategorized

towering skyscrapers

October 11, 2019 By john

Essential Steps to Successfully Starting a Business

There are numerous factors to consider when you're staring a new business -- especially in Seattle. Washington State has more than a few perks for entrepreneurs, the most important being tax-free revenue. Washington residents are exempt from filing their personal income tax returns within the

Filed Under: Uncategorized

man filling out form 433-b

October 4, 2019 By john

How To Complete Form 433-B

"...in this world nothing can be said to be certain, except death and taxes." -Benjamin Franklin Fitting that one of our founding fathers said it. It's so American, it may as well be etched into the Bill of Rights. Jokes aside, not a tax season goes by where someone doesn't utter this phrase --

Filed Under: offer in compromise

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