Business tax credits can help businesses reduce their tax liability. These credits are available for a variety of purposes, such as hiring new employees, investing in research and development, or expanding into new markets. Types of Business Tax Credits in Seattle The following are some of the
Can Therapy Be A Write-Off For Your Business?
Running your own business is hard enough. The problems compound when you try to balance it with life (friends and family) and if you're trying to balance side-projects. Add to this our post-calling-it-post-COVID times, and it's easy to succumb to overwhelming stress. It's why many people resort to
The Cost of Invisible Labor: What It Means for Small Business Owners
The COVID-19 pandemic has forced many businesses to adapt to remote work. While this has had many benefits, it has also created new challenges. One of the biggest challenges is the cost of invisible labor. What is Invisible Labor? Invisible labor is the work that goes unnoticed or
Small Business Success Stories: How the HuffPost and Zoom Became Multi-Million Dollar Businesses
Small businesses are the backbone of the American economy, accounting for over 99% of all businesses in the United States. While many small businesses fail, many succeed as well. Here are two examples of just that: Arianna Huffington: The Huffington Post Arianna Huffington is a Greek-American
How to Increase Revenue for Your Small Business
As a small business owner, you know that revenue is essential to the success of your business. But how can you increase revenue without breaking the bank? Here are a few tips: Focus on your existing customers Your existing customers are your most valuable asset. They know your business
Washington State’s New Capital Gains Tax: What’s It Mean for Income Property Owners?
Early figures suggest Washington State could bring in $849 million in its first year of collecting the state's new capital gains tax. This is significantly more than the $248 million that lawmakers expected to collect. The tax, which was passed in 2021, applies to the sale or exchange of stocks,
Margin vs Markup: What’s the Difference?
When it comes to pricing products, no two terms are more often confused than margin and markup. While they are similar, they are two different things. Margin is the amount of money that a business makes on each sale after the cost of goods sold (COGS) has been subtracted. COGS is the cost of the
How to Keep Employees’ Morale Up with a Looming Recession
Sure, you get to be your own boss and set your own hours. But you also have to wear all the hats, from marketing to accounting to customer service. And that's not even counting the challenge of keeping your employees motivated and productive, especially during a recession. A recession is a period