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Business Basics

SOLE PROPRIETOR LICENSES

  • State: Complete a Master Business Application – You get a UBI Number and a Combined Excise Tax return reporting date which can be monthly, quarterly or yearly. The expected annual gross receipts is used to determine your reporting frequency. Monthly Sales Tax is due on the 25th of each month.
  • Department of Labor and Industries: Contractor's license.
  • City: Consult city business office. We will help you complete your state master business license application and apply for your Federal ID number. We will electronically file all of your tax forms to ensure you never get a late filing penalty.

 


 

TAXING AGENCY TYPE OF TAX QUARTER ENDS TAX DUE DATE
Department of Revenue Sales Tax & B&O March 31, June 30, Sept 30, Dec 31 April 30, July 31, Oct 31, Jan 31
       
Labor & Industries Workmen's Compensation - partially withheld from payroll March 31, June 30, Sept 30, Dec 31 April 30, July 31, Oct 31, Jan 31
       
Employment Security State Unemployment Taxes - 100% Employer Paid March 31, June 30, Sept 30, Dec 31 April 30, July 31, Oct 31, Jan 31
       
Internal Revenue Service 941 Taxes - Tax deposits due on the 15th of each month. March 31, June 30, Sept 30, Dec 31 April 30, July 31, October 31, Jan 31
       
Internal Revenue Service 940 Taxes - Tax deposits due if > $500 at the end of any quarter. March 31, June 30, Sept 30, Dec 31 January 31
       
Island County Personal Property - Tax on assets. Billed by county - due April 30 & Oct 31 May 1
       
1099's for Services, Rent, Repairs, Etc. Information forms - no payment made. Due to recipient January 31. Due to IRS February 28.