8 Ways to Maximize Your Year-End Planning in 2019

Making strategic financial decisions for your business today can help minimize your tax burden at year-end. Finish 2019 strong by investest strategically in your business and your future. 

Here are 8 best practices for year-end planning.

1. Ensure your financial records are accurate

The best business decisions are informed by reliable data. Every business should […]

By |2019-11-06T23:15:26+00:00November 6th, 2019|Finance|Comments Off on 8 Ways to Maximize Your Year-End Planning in 2019

The Importance of Separating Business and Personal Finances

Do you have a financial firewall between you and your business?

Whether you’re an entrepreneur who’s just starting up or a small business owner who’s been chugging along for a while, nothing is more important than separating your business and personal finances.

Why should Washington business owners be concerned about keeping these finances separate? Legal liability, ease […]

By |2020-05-12T18:01:43+00:00August 28th, 2019|Finance|Comments Off on The Importance of Separating Business and Personal Finances

Small Business Financing Guide

Financing is one of the most confusing aspects of starting or growing your business. There are a lot of directions you can go, all with positives, negatives, and different responsibilities.

In this small business financing guide, we’ve tackled some of the major financing options available to most small businesses. These are great tools for both starting a business, and taking it to the next level.

Keep in […]

By |2019-05-16T16:23:11+00:00May 16th, 2019|Finance|Comments Off on Small Business Financing Guide

Retirement Plan Contributions Guide

Retirement plans are confusing financial accounts that many people don’t fully understand. Learning the ins and outs of each plan can help you maximize returns, save money, and set yourself up for the future.

This blog post will help:

  • Individuals evaluating or choosing their retirement plan
  • Businesses and self-employed individuals researching different retirement plan options

What is a retirement plan?

Retirement plans are financial […]

By |2018-10-22T19:51:52+00:00October 22nd, 2018|Finance|Comments Off on Retirement Plan Contributions Guide

Expensing Assets: How the Tax Cuts & Jobs Act Changed Depreciation

At the end of 2017, President Trump implemented the Tax Cuts and Jobs Act – the most extensive tax reform measure in over 30 years. This new legislation means big changes for business owners, but perhaps none quite as impactful as the update to depreciation – that is, the ability to expense 100% of certain assets.

Here at Opsahl Dawson, our team of experienced CPAs […]

By |2018-06-22T19:58:50+00:00June 22nd, 2018|Finance, Taxes|0 Comments

9 Mistakes Made by Do It Yourself (DIY) Accountants

Many small business owners don’t think they need a Certified Public Accountant. Everyone has filed a tax return and has a bank account. How hard can it be? Unfortunately, DIY accounting can lead to bad news for you and your business. The experience and expertise of a CPA is important for making sure that your business is prepared to succeed.

Below we’ll talk about 9 of […]

By |2018-02-01T23:09:26+00:00January 11th, 2018|Accounting, CPA, Finance, IRS, Tax Return, Taxes|0 Comments

Accounting Tips for Vancouver Business Owners

Running a Vancouver, WA business is hard enough without constantly thinking about accounting. Audits, tax penalties, and liens on your bank accounts can result from a simple missed bookkeeping entry or forgotten deadline. With so much on the line, worrying about accounting can keep you from properly running your business.

We’ve put together some key accounting tips below to help you keep the finances of your […]

By |2018-01-16T21:21:50+00:00September 25th, 2017|IRS, Tax Return, Accounting, CPA, Finance|0 Comments

How To Get a Bank Loan (And Other Questions From Business Owners)

If you’re an emerging business owner in the Vancouver or Longview area, one of the questions you may be asking is how to get a business loan from a bank. We’re here to help!

In today’s blog post, we’ll guide you through getting a bank loan for your business. We’ll also take a look at other common financial questions we hear from Washington business owners, […]

By |2018-01-16T21:34:16+00:00September 25th, 2017|Accounting, CPA, Finance, Taxes|0 Comments

A Guide to Estate Planning in Washington State

Nothing is certain except death and taxes. We might as well plan for both, right? Planning for the future doesn’t have to be a touchy subject. In fact, there are nothing but benefits to estate planning and protecting the assets you’ve worked so hard for.

Recent studies have shown that less than half of Americans have wills. Shockingly, only about a third of adults with […]

By |2018-01-16T21:39:45+00:00June 6th, 2017|Accounting, CPA, Finance, IRS, Tax Return, Taxes|0 Comments

12 Important Tax & Financial Dates for 2017

At Opsahl Dawson, we focus on our clients’ financial and business success all year-round, not just during the busy tax season. When you work with us, we’ll work with you throughout the year, making sure you’re staying on top of important deadlines and planning for the future.

To help you get started, here’s a quick rundown of 12 important tax dates for […]

By |2018-01-16T21:41:09+00:00February 23rd, 2017|Taxes, Accounting, CPA, Finance, IRS, Tax Return|0 Comments
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