If you're at the age where you need to start taking required minimum distributions (RMDs) from your retirement accounts, you might be wondering how to minimize the tax impact of these withdrawals. One effective strategy is to make a charitable contribution using your RMD.

We get asked often, “How do I transfer a rental property to a Limited Liability Company (LLC)” The process can offer various benefits, including liability protection. However, the process is not without its challenges.

When it comes to tipping in the service industry, the distinction between mandatory and voluntary tips plays a significant role, especially in Washington state where different tax rules apply to each.

The Premium Tax Credit (PTC) is a fantastic way to make health insurance more affordable. But what happens when you find out you owe some of that credit back at tax time?

In the world of business, success requires more than just taking flight; it demands keen observation and strategic adjustments, much like a bird navigating the skies.

Imagine this: your company’s internal accountant, Jane, has been diligently running the payroll for years. Everyone trusts her because she’s efficient and reliable. But unbeknownst to anyone…

We have several clients that have recently asked about the Augusta Rule…

Small business owners many times miss out on the Work Opportunity Tax Credit…

We have witnessed Washington Business and Occupation tax mistakes made…

The new RESTAURANTS ACT is included in the American Rescue Plane Act of 2021…

If you did not receive a PPP draw in the first round (and you were in business…

If you were out of work for part of 2020 and don’t have enough income to qualify…

Good news for those that love to give back but don’t itemize their deductions…

The COVID-19 relief package includes a provision allowing companies to write off…

The legislation is not yet law, but we want to help clients and our business community prepare…

The refundable tax credit is 70% of up to $10,000 in qualified wages. The new…