MEDZAM CONSULTING

The U.S. Government Shutdown: Where Things Stand & What It Means

The U.S. Government Shutdown: Where Things Stand & What It Means

• • Business

Since midnight on October 1st, 2025, the U.S. federal government has been operating under a shutdown. This was due to Congress not passing the full set of appropiation bills (or a continuing resolution) to fund federal agencies for Fiscal Year 2026 by the deadline of September 30th.  What’s being affected: Economic & Broader Impacts: We understand that the cancellation, […]

The U.S. Government Shutdown: Where Things Stand & What It Means Read More »

2025 Tax Year: Adjustments to Consider from the OBBBA (H.R.1)

2025 Tax Year: Adjustments to Consider from the OBBBA (H.R.1)

• • IRS, Taxes

Each year the IRS adjusts many tax numbers — like deductions, credits, and income-bracket thresholds — to keep up with inflation. This year’s updates cover more than 60 tax provisions and incorporate changes from the One, Big, Beautiful Bill Act (OBBBA). These changes help prevent what’s called “bracket creep” (where inflation pushes you into a higher tax

2025 Tax Year: Adjustments to Consider from the OBBBA (H.R.1) Read More »

Minimum Wage Increase for Washington State in 2026

Minimum Wage Increase for Washington State in 2026

• • Business

The Washington State Department of Labor & Industries (WA L&I) announced on September 30th, 2025 that Washington State’s minimum wage will be increased from the current $16.66 to $17.13 (per hour) starting on January 1st, 2026. Under state law, the WA L&I is required to adjust the minimum wage each year based on the federal Consumer Price Index

Minimum Wage Increase for Washington State in 2026 Read More »

Refunds Go Digital: IRS Phases Out Paper Checks

Refunds Go Digital: IRS Phases Out Paper Checks

• • IRS, Taxes

On September 23rd, 2025, the IRS announced that starting September 30th, 2025, they will begin phasing out paper checks for tax refunds to individual taxpayers. This is part of a broader federal push under Executive Order 14247, which mandates that federal disbursements and receipts move toward electronic payments wherever legally possible. What’s Changing and Why:

Refunds Go Digital: IRS Phases Out Paper Checks Read More »

Upcoming Potential Government Shutdown: What to Expect

Upcoming Potential Government Shutdown: What to Expect

• • Uncategorized

A government shutdown (or partial shutdown) does not mean everything stops. It depends on whether a given function is “essential” or not, and whether it’s mandatory vs discretionary spending. The current funding for many federal agencies is set to expire at 12:01 a.m. (ET) on October 1st, 2025, unless Congress passes a continuing resolution (CR) or

Upcoming Potential Government Shutdown: What to Expect Read More »

How to Protect Your Personal Data from Companies

How to Protect Your Personal Data from Companies

• • Uncategorized

In today’s digital world, personal data is currency—and many businesses collect far more than they need. From tracking your location to monitoring your online habits, companies often gather, store, and even sell your information without you fully realizing it. But you don’t have to accept this as the norm. Here’s some proactive steps to stop

How to Protect Your Personal Data from Companies Read More »

Family Business: How Hiring Your Children Can Boost Your Tax Savings

Family Business: How Hiring Your Children Can Boost Your Tax Savings

• • Business, Taxes

As a business owner, you’re always looking for ways to optimize your tax situation. But have you considered hiring your children? Hiring your kids can not only help them learn valuable work skills but can also provide several potential tax benefits. Here’s how: Important Considerations: If you would like to learn more about hiring children

Family Business: How Hiring Your Children Can Boost Your Tax Savings Read More »

One, Big, Beautiful Bill Act (OBBBA) of 2025: Effect on Federal Taxes, Credits, and Deductions 

One, Big, Beautiful Bill Act (OBBBA) of 2025: Effect on Federal Taxes, Credits, and Deductions 

• • Business, IRS, Taxes

The One Big Beautiful Bill Act (OBBBA), which became public law on July 4th, 2025, will bring a lot of changes and/or updates to federal tax law for individuals and businesses. It is important to stay up-to-date with the latest provisions in order to better prepare yourself for the upcoming 2026 tax season. Some updates and

One, Big, Beautiful Bill Act (OBBBA) of 2025: Effect on Federal Taxes, Credits, and Deductions  Read More »

Reminder: Starting October 1st, Some Business Activities Must Collect Sales Tax

Reminder: Starting October 1st, Some Business Activities Must Begin to Collect Sales Tax

• • Business, Taxes

Starting October 1st, 2025, the Washington Department of Revenue (DOR) will begin requiring sales tax to be collected on the services mentioned below. It is important that if you offer any of these services, you must collect sales tax on your customers’ receipts or invoices, depending on the services covered by this new regulation. This

Reminder: Starting October 1st, Some Business Activities Must Begin to Collect Sales Tax Read More »

The Power of Receipts: Why Keeping Track of Every Expense Matters for Your Business

The Power of Receipts: Why Keeping Track of Every Expense Matters for Your Business

• • Business, IRS, Taxes

As a small business owner, maintaining meticulous records is essential to ensuring the financial health of your business, and one of the most critical elements of this practice is keeping your receipts. Why is it important to keep receipts? Best Practices for Managing Receipts: By implementing these simple yet effective habits, you can keep your

The Power of Receipts: Why Keeping Track of Every Expense Matters for Your Business Read More »