WA State B&O Taxes, Small Business Credit

Lots of small business owners will overpay this year, because the first familiar B&O Small Business Credit page has the old credits. The new better credits are on the 2nd and 3rd pages, Table 2.


Here's the deal. If 50% or more of your taxable B & O Income is reported under Service, and your B & O tax is anything up to $841, you get a credit for ALL OF IT. It steps up from there to $1681.

Look for it. You deserve a break today.

East West Bookstore Seattle Event

Saturday, Feb 4th at 7:00 - 8:30, at East/West Bookstore Seattle, I'll be presenting a talk on "Making Peace with Your Finances".

http://www.eastwestbookshop.com/events/3325

East West Bookstore is selling the physical book, "Radically Simple Accounting".

Please alert me if they sell out my book, so I can provide them with more.

At attend, register with the bookstore and pay an $8 fee. That's one of their lowest fees for an event and you can register at the last minute.

My plan on how you can "Make Peace with your Finances" is to understand a few spiritual laws of money. One is that money is currency, it flows, so if you want to hold onto it you need a container--an accounting system.

We'll go over how you create categories for setting up an accounting system. Accounting is software independent, so you can use QuickBooks, or any software you chose. Naturally, I'll answer any questions people may have about the book, but the book is not required reading. Everyone is welcome.

Credit Unions & Banks

My friend told me that his banker does his bank reconciliation. He says that the men are lined up for her to reconcile their bank accounts. So a shout out to Mallory Thrush at Oregon First Community Credit Union for helping the guys stay on track with their bank accounts. Funny, I could never reconcile my checking account before computers either.

My experience with BECU was not good. I wanted to buy a car with financing. BECU came in at 4.5%, so did Key Bank, and another place came in at 5%. I chose BECU, since it was a credit union. BECU would only qualify the loan for 30 days, and it took me 4 months to find a car. I was at the dealers, closing the loan, when the loan came in 5%. Just the month before I had gotten a 4.5% qualifying letter. BECU said my credit score had gone lower. My credit score had gone lower because they pulled my score so many times. I could have fixed it, if they had warned me. The .05% difference will cost me $1200 over the life of the loan.

The thing is Credit Unions aren't for profit, so more money is staying in the bank. That means that they are in a position to give more and better loans. That's why I signed up with them in the first place.

Radically Simple Accounting can be a Textbook

Radically Simple Accounting has been used as a textbook for awhile, but now it's been picked up at the university level. And not just any University, but NU in Boston, MA. Which, believe it or not, is the university I attended for my first two years of college. It's a small world!

Northwest Enterpreneur Network (NWEN)

Last night I won this fabulous, and rather large gift basket from the Northwest Entrepreneur Network (NWEN) event.
http://www.nwen.org/ Thanks to Pacific Real Estate Partners, Inc.

NWEN supports entrepreneurs bringing new products to market. My father was an inventor, he worked at DuPont and invented Tyvek on their time, their dime, so no royalty checks. It's a risk to take a product to market with your own equity, and I respect anyone who's willing to take the risk.

Backup QuickBooks Daily

VIRUS ALERT. In the coming days, do not open any message with an attachment called: Invitation FACEBOOK, even if it's from a friend. It could be a virus that opens an Olympic torch that burns the whole hard disc C:drive of your computer. This virus will be received from someone you had in your address book . If you receive a mail called: Invitation FACEBOOK, though sent by a friend, DO NOT OPEN IT and DELETE IT IMMEDIATELY. Losing your hard disk is terrible, but if your QuickBooks data is backed up daily, you'll be okay with your financials.

Philippe Matthews TV Show - Rated the Best!

RATED PHILIPPE'S BEST!

His motto is "If you like O, you're going to love P"

thepmshow.tv/philippes-best/madeline-bailey-on-radically-simple-accounting.