Seattle has a new business tax. Will you have to pay it?

Is your business structured correctly for Seattle’s new payroll expense tax?  The time to review your organizational status is now. If you are an independent contractor working in Seattle, your clients may suddenly be asking for a new Form W-9 to confirm your organization status even if you have been

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American Rescue Plan Act Passes

The American Rescue Plan Act H.R. 1319, passed Wednesday, March 10, 2021 by the House of Representatives. Below is an overview of the final version of the tax provisions:   Unemployment Benefits The act makes the first $10,200 in unemployment benefits tax-free in 2020 for taxpayers making less than $150,000

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Federal Tax Changes We May See From President Biden For 2021

Now that the 2020 general election is mostly over, it’s time to consider what federal tax changes President-elect Biden would like to see for 2021 and beyond. With the current polarized situation, it will be a daunting task to get significant federal tax changes through Congress in 2021 or 2022.

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PPP Forgiveness & Taxes

As we close in on year-end, questions still remain about how and when PPP loans will be eligible for forgiveness. As rules change and guidelines evolve, we want to help our business clients puzzle-out how to account for their PPP loan funds, keep them informed on how those funds will

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