Over the years, companies both large and small — from FedEx and Microsoft to the local gym — have found themselves in deep water due to the misclassification of contractors. They use contractors as “part-time” or “overflow” workers, and those workers don’t meet the criteria to be classified as contractors. This past year, Google has... 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
September has arrived and those with kids are getting back into the school routine. Your employee’s schedules and mindsets may have shifted to new schedules and priorities. For many, these shifts are subtle – maybe a day off or a slightly later start time – while for others the preparation for back to school creates... View Article
On June 21, 2018, the United States Supreme Court issued a significant ruling that impacts online retailers regarding online sales taxation. In South Dakota v. Wayfair, the Court overruled prior Supreme Court rulings that prevented states from collecting sales tax from retailers that didn’t have a physical presence within their state. The Court ruled that... View Article
Regardless of how careful we are, conflicts arise in business. Conflicts among owners, among employees, and with vendors and customers are common. Generally speaking, we try to resolve these conflicts quickly with minimal risk and cost but sometimes they spiral out of control. As a business owner, it’s essential that you know what tools are... View Article
We love other professionals and know that our clients are best served if they have a team of professionals to support them as they make decisions, each bringing his or her unique expertise to the table to help formulate a comprehensive plan that looks at all sides of a situation and formulates the right strategy... View Article
I was recently talking with a new business owner who was getting close to signing a franchise agreement and becoming an entrepreneur. She was just in the starting phases but had been in discussions with the franchisor for months. As we talked, I asked about her advisory team — who she was working with on... View Article
Our FOCUS event this month will highlight the impact of the new tax law changes for your business. I cannot speak with any authority on that topic, but, in my opinion, the tax changes simply highlight the importance of strong financial stewardship of your business. We spend a lot of time as business owners focused... View Article