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,
IRS Notices & Letters: What to Do When You Receive One Read More »
For decades, Washington has stood out as one of the few U.S. states without a personal income tax. That could change soon. In early 2026, state lawmakers introduced legislation proposing a new income tax on households earning over $1 million annually, often referred to as the “Millionaires Tax.” Key Details of the Proposal: If the proposed Washington State
Washington State May Introduce an Income Tax for Individuals: What You Should Know Read More »
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
Traveling for Business? Read This First Read More »
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
Your Quarterly Business Roadmap for an Improved Fiscal Year Read More »
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,
💡Preparing Your Financial Records for Tax Season: Are You Ready to File? Read More »
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
🌐Why Should You Create an Online IRS Account? Read More »
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.
3 Things Every Small Business Owner Should Do at the Start of the Year Read More »
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
1% U.S. Tax on International Money Transfers – Effective January 1st, 2026 Read More »
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
Get Ahead of the 2026 Tax Season: Preparation Starts Now Read More »
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
Seattle Adds Public Safety Sales Tax — What That Means in 2026 Read More »
