Gift and Estate Tax Savings: How Getting a Valuation Now Can Save You Later

How The Doty Group can increase your savings on tax and professional fees when carrying out your gift and estate planning

Business Owners, From The Doty Group, Individuals, ServicesAidan HeltNovember 14, 2019The Doty GroupValuation, Valuation Discounts, Gift and Estate Tax Valuation, Litigation and Valuation Services, Shelley Drury, Gifting, Minority Ownership Interests, LLCs, FLPsComment

Highlights to Section 162: Tax-Deductible Business Expenses

CPA Catalin Clarke examines what makes a business expense tax-deductible, highlighting some key items to be aware of.

Business Owners, From The Doty Group, Individuals, ServicesCatalin Clarke, CPANovember 13, 2019The Doty GroupSection 162, Ordinary and Necessary, Business Expenses, Catalin Clarke, Tax, Tax PlanningComment

Washington State Department of Revenue Issues Special Notice for Businesses That Use Commercial Vehicles

Beginning January 1, 2020, the Washington tax credit against the business and occupation tax and public utility tax for clean alternative fuel commercial vehicles has been expanded.

Business Owners, ServicesThe Doty GroupNovember 11, 2019Washington STate, Business and Occupation Tax, Alternative Fuel Commercial VehiclesComment

IRS: Tax Treatment for Family Members Working in the Family Business

When including family members in business operations, certain tax treatments and employment tax rules apply.

Business Owners, Individuals, ServicesThe Doty GroupOctober 24, 2019Family Business, Employers, Family OfficeComment

FASB Approves Proposed Effective Date Delays at October 16 Meeting

The Financial Accounting Standards Board approved its 08/19 proposal to grant certain organizations various effective date delays on its credit losses, leases, and hedging standards.

Business Owners, ServicesThe Doty GroupOctober 18, 2019Lease Accounting, Credit Loss Standards, Lease Accounting Standards, FASB, Financial Accounting Standards Board, Private Companies, NonprofitComment

IRS: Free Webinars Cover Foreign Tax Credit and Taxes for People Working Abroad

IRS offers webinars to help small businesses and other employers answer their tax related questions.

Business Owners, IRS News, ServicesThe Doty GroupSeptember 25, 2019IRS, Webinars, Businesses, Employers, Tax, International Business, International Tax, Foreign Tax Credit, Immigration Law, Residency Status, Tax Rules, Dual-Status, Foreign Earned Income ExclusionComment

State Income Tax Implications for Washington Residents

Washington doesn’t have an income tax, but that doesn’t mean that businesses and business owners shouldn’t be thinking about potential state income tax issues.

Business Owners, From The Doty Group, ServicesThe Doty GroupSeptember 16, 2019State and Local Tax, Washington STate, Business Owners, SALT, David VolkertComment

Have You Planned For The Post-Wayfair World?

The post-Wayfair world understandably causes a lot of anxiety among small business owners and their accounting departments. Here’s what you can do to prepare!

Business Owners, From The Doty Group, ServicesThe Doty GroupAugust 26, 2019The Doty Group, P.S.Sales and Use Tax, Sales Tax, SALT, Wayfair Decision, Nexus Review, Economic Nexus RequirementsComment

Majority of Recent Graduates Plan to Start a Business: AICPA Survey

Free AICPA tools and resources available to offer guidance and help new businesses get off the ground

Business Owners, ServicesThe Doty GroupAugust 15, 2019AICPA, Entrepreneurs, Small Business, Starting a businessComment