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
How Small Business Owners in Seattle Can Take an Accelerator Program
Despite a challenging economy and a national slowdown in new business applications, Seattle’s startup ecosystem continues to thrive—powered by a unique mix of tech innovation, access to venture capital, and one big advantage for founders: no state income tax. With more than 6,000 startups calling
The Largest Tax Package in Washington History
Washington State has enacted significant tax reforms under Governor Bob Ferguson's administration, introducing approximately $9 billion in new taxes over the next four years. These changes, aimed at addressing a substantial budget shortfall, have profound implications for small business owners in
Lessons from Dickinson v Dodds
In the fast-paced world of business, timing can make or break your success. Whether you’re launching a new product, pitching a deal, or selling your company, being too early or too late can cost you more than just opportunities—it can cost you real dollars. In today’s landscape, where competition is