If you're new to The Business Guides, we're a CPA firm that works only with small business owners, primarily in Washington State. Our team specializes in small business income taxes, so our clients get up-to-date expertise and guidance.
We ask all interested clients to complete our Quick Questionnaire, which is linked further down on this page, next to the photo of the laptop. But we want you to understand a few things first, so read on...
Your business might involve just you, or multiple shareholders and dozens of employees. You might be an owner-employee of an S-Corporation or Partnership, or a sole proprietor filing a Schedule C. The majority of our clients have S-Corporations, but we also work with a handful of C-Corporations.
Our team of financial professionals takes a proactive approach to guiding business owners year-round. Yes, we prepare and file your federal taxes -- syncing the returns of the business and the business owner(s) for maximum tax efficiency -- and we also offer tax planning, which enables you to make tax-efficient decisions before the calendar year is over.
How would it feel to have expert eyes on your year-to-date Profit & Loss Statement and advice on when to make capital investments, hire your first employee, or contribute to a retirement plan? We suggest ratios for owner wages and distributions, and give tips for maximizing your Social Security benefits. We build a relationship with you over time, really getting to know you and your business and your goals and dreams.
WHO WE DON'T SERVE:
> Non-clients. Sorry, we do not have the capacity to provide one-off consultations for business owners who are not our clients.
> Owners of multi-state corporations.
> Those whose sole business activity is rental real estate.
> Entrepreneurs just thinking about starting a business. If your small business is in the dreaming or planning stages, check out the resources in our section below on Just launching. Then circle back to us when you have business activity.
BASE PRICES FOR AN ANNUAL CONTRACT FOR TAX YEAR 2022:
• Schedule C business & the owner's return: $1,000 or $83/mo. (includes tax preparation & bookkeeping consultation)
• C- or S-Corp or Partnership return & one owner's return: $2,200 or $183/mo. (includes tax preparation & end-of-year tax planning consultation)
At least one of the business owners must be an individual client. Annual contracts include IRS correspondence services and audit protection and our signature "No Worries" customer service for your questions, anytime. We take federal taxes off your plate and are on your business team!
Prices are higher for state returns, additional schedules, foreign account reporting, complex investment sales, K-1 preparation for non-client owners, etc. We review your most recent tax return in preparing our pricing proposal.
August 2022 update: If your 2021 taxes need to be filed, we can't promise filing by the IRS extension deadlines (see dates below), but please reach out so we can assess your situation. However, Fall 2022 is a great time to come onboard for Tax Year 2022 filings in 2023!
To get you filed on time, our internal deadlines for receiving your complete tax data are:
• February 15th for S-Corps & Partnerships (for filing deadline of March 15th)
• March 15th for C-Corps & Schedule Cs (for filing deadline of April 15th)
• August 15th for S-Corps & Partnerships (for extension filing deadline of September 15th)
• September 15th for C-Corps & Schedule Cs (for extension filing deadline of October 15th)
Through March 15th, we prioritize tax preparation for S-Corps and Partnerships and their owners. C-Corps and Schedule C business owners that submit complete data by March 15th are filed between March 16th and April 15th. We file all other returns by the extension deadlines. (See our Due Dates page for more info.)
Take the first step and get your questions answered:
We're happy to have a complimentary consultation to discuss your current and future tax and financial needs as a business owner, and see if working together is a fit.
To inquire about a consultation, first tell us a bit about your business with our Quick Questionnaire.
New clients of The Business Guides are generally at this stage of their business:
• You've outgrown your current tax preparer's expertise, or no longer want to prepare your tax returns yourself.
• You're ready to hire professionals to take key tasks off your plate, knowing your time is better spent on your business.
• You're making good money and want to be more profitable and more tax-efficient. Or you're at the start of your business journey with a proven product or concept, and willing to invest in business and tax advice to get you there.
• You've prioritized your business bookkeeping, hiring a freelance or staff bookkeeper, or educating yourself on this critical task. You use accounting software (QuickBooks is most common in our practice) and run reports to monitor your business performance. *
* Good books are a prerequisite for working with The Business Guides. Need a bookkeeper? Call us for our list of referrals.
If you're just launching your business...start here.
If you're at the very beginning of your entrepreneurial journey, with basic questions on how to set up your business, get grounded with these start-up resources.
Serves Jefferson, Clallam, Skagit, Island, and North Snohomish counties. Provides 1-on-1 advising and other support to help you start a business and get it ready to grow. Many free services, including the 4-week, live Start Simple Course to help you quickly “kick the tires” on your business idea.
For Jefferson County businesses. Get relocation assistance. Access free business counseling through the Small Business Development Center, or get hooked up with a business mentor through SCORE (Service Corps of Retired Executives). Take their popular 10-week business planning course. Check out their step-by-step guide to starting a business in Jefferson County.
Before applying for your business license, review their "Road Map" for opening a business in the state of Washington. Their Small Business Guide covers all the bases for planning, opening, running and closing your business. If you have a question, it's probably answered here, in their easy-to-navigate website.
A compilation of resources, programs and services for starting (or growing) a business in Washington State. Provided by our Department of Commerce. Their Business Startup Playbook is filled with links and the steps required to start and operate a business in the state, in a fun, easy-to-read, football-themed format.
Headquartered in Seattle and serving Washington, Oregon, Idaho and Alaska, with an emphasis on traditionally underserved populations – entrepreneurial low/moderate income earners, women, people of color, veterans, immigrants and members of the LGBTQ community. Runs the Washington Women's Business Center (WBC) and the Veterans Business Outreach Center (VBOC). Access to coaching, classes and capital for small businesses, with lots of free resources.
This federal agency has national and local offices and is tasked with administering federal loans and grants. Check out their comprehensive review of business structures in choosing yours. There are dozens of free, on-demand courses in their Learning Center.