general
Do I incorporate or get an EIN first?
You must incorporate your business before applying for an employer identification number with the IRS. Form SS-4, which is the EIN application, indicates ...
Read Publication updates
What are the chances of surviving cancer twice?
One to three percent of survivors develop a second cancer different from the originally treated cancer. The level of risk is small, and greater numbers of...
Read Publication updates
Can a doctor disclose patient information to family?
Yes. The HIPAA Privacy Rule at 45 CFR 164.510(b) specifically permits covered entities to share information that is directly relevant to the involvement o...
Read Publication general
How much should I have in my 401K after 1 year?
A good rule of thumb is to add on one year of salary saved for every five years of age — for example, at age 30 you’d want to have saved one year of salar...
Read Publication news
Does Washington have state disability tax?
State law instructs ESD to adjust the flat social tax rate based on the employer’s rate class. The flat social tax is capped at 0.50% for 2021, 0.75% for ...
Read Publication news
How much does teaching abroad cost?
Tuition varies by location, but typically ranges from $1,500 – $2,000 USD for tuition (some courses will cost more) and does not include housing, personal...
Read Publication general
What is a pass thru partnership?
A pass-through partnership is a business entity with more than one owner that has elected pass-through tax status with the IRS. Pass-through entities do n...
Read Publication updates
Can you have a car allowance and a company car?
Employees can use the money to either buy their own car or lease a vehicle privately. There’s no set rule as to the amount that your employer can pay you ...
Read Publication news
Is there an estate tax for a child?
This means if you have five children, you can each give $15,000 to each child tax-free, exempting $150,000 annually from your estate. You can also make th...
Read Publication news
Do you pay taxes when you start a business?
When you make money with your own small business you have to pay income taxes just as if you worked for another company. In some cases you may also have t...
Read Publication