Business

What Business Owners Should Know About Owner Compensation

What Business Owners Should Know About Owner Compensation

• • Business, Investment

One of the most common questions business owners ask is: “What’s the best way to pay myself?”. The answer depends largely on your business structure, profitability, tax situation, and long-term financial goals. Paying yourself incorrectly can lead to tax problems, cash flow issues, or compliance concerns — especially as your business grows. Different Business Structures Handle […]

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Understanding Why Cash Flow Problems Happen Even When You're Making Money

Understanding Why Cash Flow Problems Happen Even When You’re Making Money

• • Business, Investment

One of the most common financial frustrations for both business owners and individuals is feeling like there should be enough money available — yet the bank account says otherwise. A business may be profitable but still struggle to pay bills on time. Similarly, an individual may earn a good income but still feel constantly short

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IRS Notices & Letters: What to Do When You Receive One 

• • Business, IRS, Taxes

Receiving a letter from the IRS can feel stressful for both individuals and business owners. Fortunately, most IRS notices are routine and can often be resolved quickly when handled promptly and correctly. The most important thing to remember: don’t ignore IRS correspondence. Why the IRS Sends Notices The IRS sends letters and notices for many reasons, including,

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Traveling for Business? Read This First

Traveling for Business? Read This First

• • Business, Investment, Taxes

If you’re planning any business travel this year — conferences, client meetings, networking events, or even scouting new opportunities — this is something you’ll want to review first. Business travel can create valuable tax deductions… but only when it’s handled correctly. We regularly see business owners miss deductions because they didn’t keep proper documentation — or

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Your Quarterly Business Roadmap for an Improved Fiscal Year

Your Quarterly Business Roadmap for an Improved Fiscal Year

• • Business, Taxes

Running a business requires more than just staying busy — it requires staying proactive. One of the biggest differences we see between businesses that feel in control and those that feel constantly behind is simple: they work on their business quarterly, not just during tax season. To help you stay ahead, we have created a simple Quarterly

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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? 

• • Business, Taxes

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

• • Business, Taxes

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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Get Ahead of the 2026 Tax Season: Preparation Starts Now

Get Ahead of the 2026 Tax Season: Preparation Starts Now

• • Business, Taxes

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

• • Business

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

• • Business, Taxes

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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