Starting and Operating a Business in Washington (August, 2017 Edition) is a comprehensive tax and legal guidebook for Washington small businesses. The author, a retired attorney and CPA and a Harvard Law graduate, provides you with a detailed but easy to read explanation of the tax and legal "ground rules" you need to know to navigate successfully through the complex maze of federal and Washington tax and business laws and regulations.
It is one of the 51 state and D.C. editions in this series by the same author, a series which sold over 1.2 million copies as print versions until a few years ago in bookstores and Costco. The series was featured as one of the "best of the best" small business books in cover articles in Forbes and INC magazines in the late 1990s, and has now been released in even more in-depth editions, as Kindle.e-books. FEDERAL LAWS AND TAXES (Fully updated for 2017 federal tax rates and brackets and 2017 retirement plan limitations, and the sweeping tax changes in the Consolidated Appropriations Act of 2016. Also updated for tax provisions of the 21st Century Cures Act that went into effect in 2017 and proposed new federal overtime regulations that have been put on hold by the federal courts.) Federal tax and legal coverage includes individual income, self-employment, estate, gift, and excise taxes, federal payroll taxes, withholding of various taxes; the Americans with Disabilities Act; environmental laws; minimum wage/overtime and child labor laws; anti-discrimination and HealthCare Reform laws that apply to employers; immigration laws affecting hiring; OSHA job safety and health requirements; ERISA (employee benefits) compliance; the Family and Medical Leave Act rules; mail order sales and telemarketing regulations; Internet taxation and regulation; and much more. UPDATED FULLY FOR 2017 WASHINGTON TAX RATES AND OTHER MAJOR WASHINGTON BUSINESS LAWS INCLUDING THE NEW PAID SICK LEAVE REQUIREMENT ENACTED BY VOTERS IN INITIATIVE 1433 Washington tax and legal coverage includes the Washington Business & Occupations Tax, Washington sales and use, property, and unemployment taxes, and other state and local business taxes; state fair employment laws, which differ from federal; the Washington minimum wage, overtime, and child labor laws; mandatory workers' compensation insurance, paid sick leave, and new hires reporting; wage payment requirements; when/if registration of fictitious business names (trade names) is required; and much more. OTHER IMPORTANT INFORMATION AND ADVICE In addition to extensive, up-to-date coverage of federal and Washington business laws and taxes, you will also find this e-book to be a gold mine of other useful information and advice for running your business. It covers topics such as an entire chapter on site selection for your business; obtaining financing and choosing accounting methods; do's and don'ts when buying an existing business, acquiring a franchise, or signing a lease; pros and cons of corporations, LLCs, and other business entities, as well as Washington filing fees and taxes for each type of entity. Other chapters deal with subjects such as how to protect your assets from creditors; incorporation in a state other than Washington; how to properly classify workers as either employees or independent contractors; advice you should heed before joining a multilevel marketing program; exporting tips; cash flow management and fraud detection; and estate planning, to name a few covered topics.