Posts by Alegria Network Administrator
Business Planning for the New Year & Beyond
In the past year articles my partners and I have written frequently addressed business planning. As business consultants, we are firm believers that a solid business plan will improve businesses’ chances for success.
Read MoreAssessing Your Business Successes and Failures for the Year
A successful businessman or businesswoman has had a good estimate for some time of their business’ financial results for 2014 and already has set their sights on 2015.
Read MoreWhat Will You Need to Retire?
Hopefully you have prepared a model that calculates what your annual retirement contributions and other savings and investments will accumulate to by your planned retirement date. If you haven’t, in the previous edition a model for long term planning, projecting and monitoring asset accumulation was addressed. One such model may be downloaded from Alegriacpas.com.
Read MoreWhat do you have & where do you want to be?
Financial planners say it is never too late to start saving for retirement; it is also never too early to start saving.
Read MoreEstablishing your Business with the IRS & State of Washington
While normally straight-forward, failing to properly establish a business in the State of Washington or with the Internal Revenue Service (IRS) can be costly. While some of the information was covered in the previous article regarding choice of entity, it is repeated as it is critical.
Read MoreChoice of Entity Structure in Forming a Business
A critical step in starting a new operating trade or business is choosing the legal framework. Generally the choices are: Sole-proprietorship, partnership, Limited Liability Company (LLC), or a corporation. There are other possibilities such as a trust or co-operative, those are less common and are not addressed here.
Read MoreWA State L&I and Employment Security Audits
Washington State provides insurance to cover injuries to employees on the job through its Department of Labor and Industries (L&I). Washington State provides unemployment benefits to employees who have lost their jobs through its Employment Security Department (ESD). Generally, L&I premiums are funded by payroll taxes based on total hours worked and ESD benefits by…
Read MoreWashington State Department of Revenue Audit of Excise Taxes
Retail sales tax is the State of Washington’s principal source of income. Businesses making retail sales in Washington are required to collect and remit sales tax on sales of goods and services to the state. The seller is responsible for remitting the tax whether or not collected.
Read MoreIRS Letters and Replies
You just received a letter from the Internal Revenue Service (IRS) and your first thoughts, after panic subsides (or not), might be: I have never been audited before; how can I get this over with as fast as possible; why me; how much more am I going to have to pay; what did I do…
Read MoreFinancial Fraud, Scams & Deceptive Fund Raising
Experts in financial fraud have identified the profile of a financial fraud victim: Male, age 55-62, married, an accredited investor (meaning they have wealth over $1 million excluding residence and mortgage and/or annual income over $200,000 individually or $300,000 including spouse in each of the last two years), have an above average understanding of financial…
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