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
The Tea Act of 1773: a Tax that Shaped History
When most of us think of taxes, we picture paperwork, spreadsheets, and a mountain of forms to file by April 15th. Taxes can feel like the ultimate bureaucratic headache—mundane, necessary, but hardly revolutionary. Yet, history shows us that taxes have often been at the heart of dramatic change,
Accounting for Churches and Nonprofits
Accounting for churches and nonprofits isn’t just a variation of business accounting—it’s a fundamentally different world. Unlike for-profit businesses that focus on generating revenue and maximizing profit, nonprofits and churches exist to serve a mission, not a bottom line. This means their
New Business Applications Slow in Seattle
Seattle, once a thriving hub for entrepreneurial ventures, has seen a marked decline in new business applications in recent years. In 2022, there were just 7,710 new business applications, a sharp 42% drop from the pre-pandemic annual average of 13,305. This slowdown reflects broader challenges in
Financial Tips for Realtors: the Highs & Lows
Being a realtor demands resilience and sharp financial management. The ever-changing housing market can lead to significant income fluctuations, making it essential to plan wisely for both boom years and lean times. Here are some strategies to help you thrive through the real estate
Reasons To File Your Taxes Early
Many taxpayers delay filing until the April 15th deadline, assuming there’s no harm in waiting. However, filing your taxes early offers several advantages, from faster refunds to better financial planning. Here are the top reasons why you should consider filing your taxes as soon as possible this