LOOKING FOR ADVICE YOU CAN TRUST FROM A SKAGIT COUNTY CPA?
LOOKING FOR ADVICE YOU CAN TRUST FROM A SKAGIT COUNTY CPA?
We help local contractors and business owners maximize write-offs and protect their bottom line.
We help local contractors and business owners maximize write-offs and protect their bottom line.
Services
Financial Planning Services
Worry-free financial management for you and your family.
For Small Businesses
Establish greater profitability and business efficiency!
Tax Problem Resolution
Get help responding to IRS notices and getting back into compliance.
Tax Services
We have the expertise and knowledge you are looking for in a tax professional and can help you navigate your options.
High Quality Comprehensive Accounting & Tax Services
Tailored Guidance for Contractors, Trades, and Growing Local Businesses
I have a feeling I know why you’re reading this right now.
We’ve worked with plenty of businesses and contractors who have to cobble together 9 different software programs to keep everything straight, or who just wash their hands of it all and put everything on the credit card … and then try to clean up every year after the fact. And they know that this is no way to properly monitor job costs, cash controls, account management, tax strategy, and all of the myriad components of an effective financial system for a business.
Am I close?
When business owners and contractors come to our “door,” they’re not just looking for a tax pro that can do the checks and balances to get yearly taxes filed.
They’re looking for reliable, experienced tax professionals in Skagit County who have industry-specific insight and tax know-how they can trust.
We know it can be difficult to keep up with tax law changes and new deductions, let alone run a job site or manage daily operations. That’s why we’re here!
Whether you run a framing crew or an electrical outfit, or you have a thriving retail shop, our aim is to uncover proactive tax savings and protect your bottom line. We help you get the financial clarity you need to grow and peace of mind when it comes to the IRS.
THE CONTRACTOR’S BOOKSHELF
Books By Steve Padgett
Practical guides to help contractors plan for taxes, pay themselves, and build a more profitable business.
01 / TAX PLANNING
Tax Flow for Contractors
Master Home Service Finances and Grow a Profitable Business
Tax bills shouldn’t be a surprise. Here’s a simple, CPA-written system for planning for them.
02 / PAY & PROFIT
Pay Flow for Contractors
How to Pay Yourself, Price Labor, and Build a More Profitable Business
A practical guide for contractors and trade-business owners to the Pay Flow System, a six-step framework (Pay, Cost, Price, Recover, Measure, Improve) that connects how you pay yourself and price labor to your bottom line.
03 / DEDUCTIONS & STRATEGY
Deduction Flow for Contractors
The Contractor’s Guide to Write-Offs, Tax Timing, and Year-End Strategy
A practical guide for contractors to the Deduction Flow System, a six-step framework (Identify, Capture, Classify, Document, Time, Plan) for handling deductions throughout the year instead of sorting receipts at tax time.
Recent Post
Types of Prepaid Expenses to Optimize Your Skagit County Business’s Cash Flow Before Dec 31
Quick Answer: If you run a cash-basis business, you can lock in immediate tax savings on upcoming 2027 operating costs by paying those vendor bills before December 31. Under the IRS 12-month rule, that prepayment cuts your 2026 taxable profit dollar for dollar,...
Padgett & Padgett, PLLC ’s Take: How Much Cash Should A Business Have On Hand?
Quick Answer: Keep three to six months of baseline operating expenses in liquid reserves, alongside a separate tax account holding 15% to 30% of weekly gross receipts. Having that buffer with a Quick Ratio of at least 1.0 means you'll protect daily operations...
How The Bad Business Debt Deduction Could Lower Your 2026 Skagit County Business Taxes
Quick Answer: Uncollectible business receivables convert into ordinary losses that reduce your active net profit dollar-for-dollar without a ceiling. To lock in this tax offset before year-end, you'll need to execute a formal general ledger charge-off on...
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