It comes as no surprise that an essential element of planning for the New Year includes goal setting. And there’s a good chance that two of your business’s top financial metrics include revenue and profit goals. When these goals are set, company leadership creates them and they’re passed down through the rest of the organization.... View Article
Although we are often distracted at this time of year by fun family gatherings, vacation time, and holiday cheer and events, businesses often take this time to ensure they are ready to start the new year strong. Below are several areas we suggest businesses evaluate as they plan for a successful year: Financial goals. Your... View Article
Beginning January 1, 2019, Washington state will join the small group of states mandating paid family and medical leave (“PFML”) for Washington state employees. Here are some of the key questions our clients are asking: What is the purpose of the law? Is our business required to collect the employer and employee premiums and implement... View Article
For most business owners, selling a business happens once in your lifetime. You have worked hard to build the business from the ground up, and it’s been a central part of your life for years – perhaps even part of your identity. Before you sell, you need to prepare both the business and yourself. These... View Article
Washington’s Employment Security Department (ESD) has finalized its second round of rulemaking regarding the State’s new Paid Family Leave Program. These rules provide additional information on employer reporting requirements, voluntary Paid Family Leave program requirements, deadlines, small business assistance, and other issues. The rules will take effect on December 3, 2018. Premium collection will begin... View Article
Similar to many industries, legal battles within the construction industry primarily consist of disputes over contract terms. Careful drafting and negotiation of your contracts is the best tool to avoid disputes because it sets expectations early and provides the tools to address them if they arise. Keep these three tips in mind when entering into... View Article
As business owners, we struggle with balancing what’s right for the customer and what’s right for the business. You’ve probably been approached with an upset customer reminding you that you should listen to your customer and suggesting that, if not stating outright, that “The customer is always right.” Can a business really get away with such an... View Article
This week the Washington Department of Revenue will require some out-of-state businesses (remote sellers) to collect sales tax. A remote seller who, during the current or previous year, has at least $100,000 in retail sales to Washington consumers or at least 200 separate transactions with Washington consumers is required to collect and remit sales taxes.... View Article
Q: If a business owner takes one piece of information from this event home with them, what is the most important? Shahar: Taxes are not a “Dead End.” Planning and Financial maintenance is like health care. If you are proactive and take good care of how healthy and clean the business is – it will... View Article