MEDZAM CONSULTING

❤️Valentine's Day is About Love — and Planning for the Future

❤️Valentine’s Day is About Love — and Planning for the Future

Valentine’s Day is often associated with cards, flowers, and dinner reservations, but at its core, it’s about caring for the people who matter most. One of the most meaningful — and often overlooked — ways to show that care is by planning for their financial future. Life insurance and retirement accounts aren’t romantic topics, but they […]

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Why Should You Create an Online IRS Account?

🌐Why Should You Create an Online IRS Account?

The IRS has continued to expand its online services, making an IRS online account a valuable tool for both individuals and business owners. Creating an account gives you secure, direct access to your tax information and can help you stay informed and organized throughout the year — especially during tax season. The future is now! An IRS online

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Preparing Your Financial Records for Tax Season: Are You Ready to File?

💡Preparing Your Financial Records for Tax Season: Are You Ready to File? 

February is an ideal time for both individuals and business owners to review financial records and make sure everything is complete and accurate before tax returns are filed. While many key deadlines fall in January, important cleanup and confirmation work often happens in February — and taking care of it now can help prevent delays,

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3 Things Every Small Business Owner Should Do at the Start of the Year

3 Things Every Small Business Owner Should Do at the Start of the Year

The beginning of the year is the perfect time for small business owners to get organized, review finances, and plan ahead. Taking a few proactive steps now can save headaches later and help set your business up for success in 2026. 1. Organize Your Financial Records Start by gathering your 2025 financial documents, including:  2.

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1% U.S. Tax on International Money Transfers - Effective January 1st, 2026

1% U.S. Tax on International Money Transfers – Effective January 1st, 2026

Starting January 1, 2026, a new 1% federal excise tax will apply to certain international money transfers sent from the U.S. This development may affect individuals and businesses who frequently send funds abroad, especially through cash or money order payments. Who Is Affected? How It Works Why It Matters Even at just 1%, this tax adds a small

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Get Ahead of the 2026 Tax Season: Preparation Starts Now

Get Ahead of the 2026 Tax Season: Preparation Starts Now

Whether you’re an employed individual, business owner, or self-employed professional, early organization is key. January and February are especially important months for gathering documents, issuing required forms, and reviewing your financial records for accuracy. Why Early Preparation Matters Steps You Can Take Now Preparation doesn’t just make tax season easier — it puts you in a stronger financial position

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Washington State Workers' Comp. Rates Increasing in 2026

Washington State Workers’ Comp. Rates Increasing in 2026

Starting January 1st, 2026, employers and workers in Washington will see their average workers’ compensation insurance premium rise by 4.9%, as announced by the Washington State Department of Labor & Industries (L&I).  On average, this increase works out to about $1.37 extra per week for each full-time position — a cost shared roughly 75% by employers and 25% by workers.

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Seattle Adds Public Safety Sales Tax — What That Means in 2026

Seattle Adds Public Safety Sales Tax — What That Means in 2026

Starting January 1st, 2026, the City of Seattle will implement a new local sales tax from 10.35% to 10.55% to increase to fund public-safety services.  The extra revenue is expected to generate roughly $39–40 million in 2026 and will go toward a variety of public-safety initiatives — from expanding emergency 911 dispatch and civilian crisis-response teams, to hiring more firefighters and supporting substance-use treatment and

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Minimum Wage Increase for City of Seattle in 2026

Minimum Wage Increase for City of Seattle in 2026

As of January 1st, 2026, Seattle’s minimum wage will increase from $20.76 to $21.30 per hour for all employers — large or small. This raise reflects the annual inflation adjustment, based on the Seattle–Tacoma–Bellevue area consumer price index.  For workers in minimum-wage roles — such as retail staff, service employees, hospitality workers, and other entry-level positions — this represents

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IRS Math and Taxpayer Help Act of 2025: What Does It Mean?

IRS Math and Taxpayer Help Act of 2025: What Does It Mean?

The IRS MATH Act, just signed into law in December 2025, requires the Internal Revenue Service to provide much clearer, more detailed notices when it finds a “math or clerical error” on a taxpayer’s return. Instead of vague, generic letters, taxpayers will now receive plain-language explanations that pinpoint exactly what the issue is — including the line on the

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