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The Hidden Risks of Commingling Business and Personal Funds

The Hidden Risks of Commingling Business and Personal Funds

by Joshua Ott | Oct 7, 2025 | Bookkeeping, Budgeting, Tax Planning

What You’ll Learn in This Post Why mixing personal and business funds causes serious tax and legal headaches. How commingled accounts can undermine your business valuation and credibility. Simple, practical steps to keep transactions clean and compliant. How Tacoma...
How to Pay Yourself as a Small Business Owner

How to Pay Yourself as a Small Business Owner

by Joshua Ott | Sep 30, 2025 | Budgeting, Business, Growth Strategy

What You’ll Learn in This Post The difference between salary, owner’s draw, and distributions for small business owners How each method affects taxes, cash flow, and lending potential Common mistakes Tacoma and Pierce County business owners should avoid Practical tips...
Year-End CPA Prep: What Tacoma Business Owners Can Do Now to Save Time (and Money)

Year-End CPA Prep: What Tacoma Business Owners Can Do Now to Save Time (and Money)

by Joshua Ott | Sep 22, 2025 | Tacoma Community, Tax Planning

What You’ll Learn in This Post Why CPA-ready books save Tacoma business owners both time and money. How reconciling accounts, payroll, and quarterly reports reduces errors and stress. The importance of organizing receipts and flagging outstanding invoices  Steps you...
Bookkeeping Basics Every Startup in Tacoma Should Know

Bookkeeping Basics Every Startup in Tacoma Should Know

by Joshua Ott | Sep 16, 2025 | Bookkeeping, Tacoma Community

What You’ll Learn in This Post Why bookkeeping is a critical foundation for startups in Tacoma and Pierce County. Common mistakes new business owners make when setting up their books. Four bookkeeping basics every startup should establish right away. How local support...

Quarterly Reporting in Washington: What Small Business Owners Need to Know

by Joshua Ott | Sep 9, 2025 | Bookkeeping, South Sound Spotlight, Tax Planning

What You’ll Learn in This Post Why quarterly tax and wage reports are required for Washington State employers.  The difference between “zero payroll” and “zero hours” — and why it matters for compliance.  Key information you’ll need to include in your filings to avoid...
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Recent Posts

  • The Hidden Risks of Commingling Business and Personal Funds
  • How to Pay Yourself as a Small Business Owner
  • Year-End CPA Prep: What Tacoma Business Owners Can Do Now to Save Time (and Money)
  • Bookkeeping Basics Every Startup in Tacoma Should Know
  • Quarterly Reporting in Washington: What Small Business Owners Need to Know

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