Taxes

Small Business Tips, News, and Resources

Don't Miss These April Deadlines!

When you think of April, you may think of tax time (at least we do working in the bookkeeping and accounting industry!). In addition to...

What's New in 2023 | Small Business Updates and Deadlines

We hope you had a wonderful and restful holiday season. The start of the year is a very busy time, with fourth quarter reports, tax...

Federal Tax Responsibilities When Starting a Business

Having a business comes with a lot of responsibilities. In this blog post, we’ll try to make it a little easier by going over some of the...

Profit & Loss Statement | Frequently Asked Questions

A Profit & Loss (P&L) Statement, also known as an Income Statement, is one of the primary financial documents you need to understand your...

The Importance of Separating Business and Personal Finances

You probably hear time and time again how important it is to separate your personal finances from that of your business. If you’re an LLC...

Tax Deductions for Business Gifts

The holiday season is here and many businesses choose to give their employees and customers gifts. It's a great way to say thank you and...

Deducting Advertising and Promotional Expenses

As a small business owner, you're probably putting some money towards advertising. In most cases, the IRS allows you to deduct...

Tax and Reporting Duties for Bellingham Businesses

As a business owner, you have lots of responsibilities. One of the most important ones is paying and reporting taxes. If you aren't...

Recordkeeping for Car Expenses

As a business owner, if you or one of your employees uses a car you own or lease for business purposes, you may be able to deduct certain...