CPA washington Accountants - Accounting Firms

• The initial filing requirements, licenses and fees to set up a new business in Washington differ depending on the type of business entity you choose and type of business you are in, as will your ongoing federal, state and local tax obligations and fees. You may want to consult a professional to explore your options before setting up a new business in Washington.
• In Washington, taxes which may be applicable to your business include retail sales taxes and use taxes. Retail sales taxes apply to successive sales of the same item except for those intended for resale, materials that become a part of property through installation and materials used in manufacturing. The sale of professional services is considered a retail sale. There are, however, exemptions for some individual items like some prescription medications.
• The use tax in Washington supplements the sales tax by taxing the use or consumption of items which were not previously subject to sales tax. Every person engaging in taxable business in the state is required to register with the state Department of Revenue, subject to certain exceptions.

For more information and to find an accountant in Washington, you can begin your search by clicking the links below.