Business

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 […]

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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

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Join Our Upcoming Workshop: "Iniciando con Éxito: Una Guía Sobre Como Estra Preparado Para Los Impuestos Como Propietario de Negocio"

Join Our Upcoming Workshop: “Iniciando con Éxito: Una Guía Sobre Como Estar Preparado Para Los Impuestos Como Propietario de Negocio”

• • Business, Taxes

Join us for this comprehensive workshop designed to equip entrepreneurs and early-stage business owners with the tools they need to grow strategically—and stay tax-ready every step of the way.  The workshop will be hosted in Spanish at the Beacon Hill Branch of the Seattle Public Library on Wednesday, September 10th from 5:30pm to 7:30pm. This

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Understanding the IRS Educational Assistance Program for Employees

Understanding the IRS Educational Assistance Program for Employees

• • Business, Investment, IRS

As an employer, offering educational assistance to your employees is not only a great way to support their professional development but also an opportunity to provide tax-advantaged benefits that benefit both your employees and your business. Under IRS guidelines, employers can offer an Educational Assistance Program (EAP), which allows employees to receive up to $5,250

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Updates to Equal Pay for Washington State Workers

Updates to Equal Pay for Washington State Workers

• • Business

On July 1st, 2025, Washington’s Department of Labor & Industries issued Notice #25‑19, which announces expanded protections under the state’s Equal Pay and Opportunities Act. The key changes include: These changes significantly widen coverage, applying “equal pay” standards to hundreds of thousands more workers in Washington, according to L&I director Joel Sacks. Why This Matters

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The One Big Beautiful Bill Act: What Does It Mean for Taxpayers?

The One Big Beautiful Bill Act: What Does It Mean for Taxpayers?

• • Business, Taxes

The One Big Beautiful Bill Act (OBBBA) is a proposed budget reconciliation bill in the 119th United States Congress. It was recently passed by the House of Representatives on May 22nd, 2025 and passed by the Senate on July 1st, 2025. The bill includes, but it is not limited to, the following: What It Means

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IRS Acknowledges Processing Delays Leading to Balance-Due Notices 

IRS Acknowledges Processing Delays Leading to Balance-Due Notices 

• • Business, IRS, Taxes

On June 12th, 2025, the IRS officially acknowledged processing delays that have caused some taxpayers to receive notices claiming a balance due—even when payments were made timely and electronically. Why It’s Happening: Who’s Affected IRS Guidance for Taxpayers Challenges Facing the IRS This issue highlights broader operational challenges: While the IRS works through its backlog,

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Cybersecurity for Small Business Owners: Why It Matters More Than Ever

Cybersecurity for Small Business Owners: Why It Matters More Than Ever

• • Business, Fraud, IRS

In today’s digital age, cybersecurity isn’t just a concern for large corporations—it’s a critical issue for small business owners too. In fact, small and medium-sized businesses (SMBs) are increasingly targeted by cybercriminals because they often lack the robust defenses of larger companies. Nearly half of cyberattacks are aimed at small businesses and whether it’s phishing

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Medzam Consulting - Health Insurance Through the Government Marketplace What It Means and Tax Implications

Health Insurance Through the Government Marketplace: What It Means and Tax Implications

• • Business, Taxes

The Health Insurance Marketplace is managed by the federal government or individual states. It’s especially valuable for those who don’t have access to employer-sponsored insurance or other coverage options. However, this type of insurance can have tax implications that you need to be aware of: Premium Tax Credits (Subsidies): If your income is between 100% and 400%

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Medzam Consulting - Celebrating National Small Business Week (May 4th-10th, 2025)

Celebrating National Small Business Week (May 4th-10th, 2025)

• • Business

National Small Business Week is the perfect time to honor the incredible contributions that we, as small businesses, make to our economy. According to the U.S. Chamber of Commerce, small businesses employ nearly half of the American workforce (representing 43.5% of the U.S. Gross Domestic Product), foster innovation, and create jobs that drive local economies.

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