Taxes

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

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

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

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Refunds Go Digital: IRS Phases Out Paper Checks

Refunds Go Digital: IRS Phases Out Paper Checks

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:

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

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

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

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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 

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

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

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

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

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”

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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