Cheryl’s personable attention and wide experience in the Seattle area in accounting will be a strong asset to your Seattle business. Her understanding of up-to-date tax laws and small business requirements will save you time and money. Each month, your https://www.bookstime.com/articles/what-is-accountancy bookkeeper organizes your business transactions and prepares financial statements. KT Niehoff owns OOLA on Capitol Hill, in business since last summer. Jen Doak recently got an email from a customer about her Newcastle restaurant, The Coalman.
Steer Clear of Financial Headaches
- Areas of practice include bookkeeping, tax planning, payroll, accounting software, cash management, entity selection, and advisory.
- Hiring an accounting firm can be more cost-effective than employing a full-time, in-house bookkeeper.
- 1-800Accountant Seattle serves those in the metro and across 50 states who require bookkeeping solutions.
- We’ll take bookkeeping off your plate so you can focus on the more important parts of the business while we handle the complexities and nuances of Washington State taxes.
- Her services are surprisingly affordable and will free you from worrying about compliance.
- Each month, your bookkeeper organizes your business transactions and prepares financial statements.
Every business and its goals are unique; I tailor my services to meet the specific needs of your business. I am committed to giving your books the detail and proactive attention they require to provide you with peace of mind and set your business up for success. Your bookkeeping team consists of 3 professionally trained bookkeepers, including one senior bookkeeper who reviews all of your monthly statements and your Year End Financial package. Seattle based businesses are able to take advantage of Washington State’s no corporate tax and personal income tax laws.
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After removing the surcharge, Niehoff went from answering 10 questions a week about the fee to none. But Niehoff stresses that doesn’t mean she’s rolling in cash. Restaurants haggling with the City Council may come across like they’re opposed to workers earning a fair wage. But when employees are making hundreds of dollars in tips per shift, this isn’t necessarily the difference between an employee making $17.25 and $19.97, but between $27.25 and $29.97 — with the restaurant picking up the tab. Hollingsworth withdrew the bill a week later, cementing the tip credit expiration date. Business owners see the writing on the wall and are preparing to pay for the wage hike, which could translate to five-figure pinches on bottom lines.
Donald Gregory Bye Hospitality Consulting
Still, for some restaurants — especially big operations with high ticket averages and/or multiple locations — a 20% service charge is effective and lucrative, even if some customers complain. It’s not just minimum wage workers who will be affected when the tip credit expires. All businesses that currently credit tips toward wages face a $2.72 jump seattle bookkeeping services to employee pay rates. In Washington, there is no tip credit, meaning tipped employees must be paid the full minimum wage — tips can’t be factored into their pay rate. Seattle does have a tip credit — for “small” businesses, and only for the time being. Businesses in Washington State and Seattle do not pay a corporate or personal income tax.
- When chef Brendan McGill’s Bainbridge Island seafood restaurant Seabird opened in 2022, there was a 20% service charge on each bill.
- Partners Nolan A. Newman, CPA and Ann M. Imus, CPA have over 64 years of combined experience.
- Front-of-house staffers get paid a base rate plus 15% commission on sales and they keep any additional tips they receive.
- She took time to explain everything so that I understood the information and then could make good business decisions, saving money and strategizing how to increase my profits.
Accounting, Bookkeeping, and Taxes
The woman-led team of accountants and tax advisers works with businesses and tailors support packages that reflect their industry-specific needs. CEO Melissa Guy, EA brings over twenty years of relevant experience. The company networks with other industries, such as website designers, marketers, and insurance agents to help keep startups running. Full HR Setups are available to clients at affordable rates.
- If you’re looking for a business-focused tax and accounting firm in the West Seattle area for your personal or small business tax needs, we encourage you to book an appointment to learn more.
- Overall Office Solutions is a Kent business that has been serving small businesses for over seven years.
- Between 2015 and 2016, Tom Douglas, Renee Erickson and El Gaucho all ended tipping at their restaurants in favor of service charges.
- Our extensive experience allows us to effectively work with a wide range of clients, from local craftsmen to large corporations.
- Whether you’re looking for Tax Planning, IRS Audit, or Small Business Accounting services – Aldaris CPA Group is here to help.
- Proper bookkeeping prevents the stress and extra costs that arise during tax season when your CPA has to sort through disorganized files.
What is a full charge bookkeeper?
Plenty of Seattle restaurants have tried to do away with tipping by implementing service charges. Between 2015 and 2016, Tom Douglas, Renee Erickson and El Gaucho all ended tipping at their restaurants in favor of service charges. Erickson and her Sea Creatures restaurant group went back to the tip model in 2022, while Douglas abandoned service fees after settling a lawsuit in 2019 brought by employees. Mackay spent three months hosting roundtables with staff and regulars to talk about how to ditch tipping. The end result was to charge a 20% service fee and keep an additional tip line. Front-of-house staffers get paid a base rate plus 15% commission on sales and they keep any additional tips they receive.
You can feel confident that your books are in good hands
However, despite this tax advantage compared to most other states, businesses in Seattle may still be subject to taxes. This is where our team of experts can help you determine what taxes you need to pay and how much you owe. Familyfriend owner Elmer Dulla is “totally against the service charge.” The small restaurant has a tip pool, splitting tips and sharing duties; kitchen staffers bring out food and the serving staff washes dishes. At first, spots like Tavolàta and Victor Tavern had a 22% service charge with an additional tip line, but Stowell is phasing toward an even 20% charge with no additional tip line.
