WEMBO CPA

WEMBO CPA We handle the heavy lifting for Real Estate, Construction and Other Small Businesses! Why Us?

We offer services in Accounting, Tax Compliance & Planning!

📍Spokane & Seattle, WA Imagine freeing up your schedule from the tedious tasks of bookkeeping and tax compliance, enabling you to focus more on growing your business. As a CPA firm with expertise in supporting small to mid-sized businesses, we offer a comprehensive solution that manages all your financial needs. By entrusting these cruci

al tasks to a professional, you ensure accuracy, compliance, and peace of mind. Let's make it easier for you to succeed, without the burden of financial intricacies. Choose to simplify your business operations today, and let a dedicated expert take the wheel. Who We Are

We are a Certified Public Accounting (CPA) and business consulting firm specializing in tax and accounting solutions for individuals and small to mid-size businesses. Our Approach

We help individuals and business owners gain peace of mind by providing tax and accounting solutions that are comprehensive, dynamic, and innovative.

The IRS has expanded its Business Tax Account (BTA), making the self-service platform available to partnerships; tax-exe...
07/16/2026

The IRS has expanded its Business Tax Account (BTA), making the self-service platform available to partnerships; tax-exempt organizations; federal, state and local governments; and Indian tribal governments. The BTA is a centralized platform that allows eligible users to manage their federal tax responsibilities online. Among other things, BTA users can view tax balances, make payments and see payment history, access eligible payroll and income transcripts, if eligible, and download select digital notices. The newly eligible entities join sole proprietors, S corporations and C corporations that are already able to access the platform. Call us at (509) 362-2633 to discuss your business’s tax obligations.

There are several benefits to having an estate plan. It can protect your wealth while giving you peace of mind that your...
07/15/2026

There are several benefits to having an estate plan. It can protect your wealth while giving you peace of mind that your assets will be distributed according to your intentions. In addition, it can save taxes, minimize legal complications and family disputes, and reduce expenses for your heirs. Do you have young children? An estate plan is a must so you can name guardians for them in the event of your untimely death. If you’re ready to begin your estate planning journey, or if you’d like us to review your current plan, contact us at (509) 362-2633.

No matter how carefully you run your business, customer disputes will likely happen. You can protect your company’s repu...
07/14/2026

No matter how carefully you run your business, customer disputes will likely happen. You can protect your company’s reputation and strengthen its brand with an effective customer dispute resolution process. Consider including these eight key features: 1) Accessible communication channels, so customers can easily contact you. 2) An efficient timeline that lets customers know what you’re going to do. 3) Empathy and patience on the part of customer-facing staff. 4) Rigorous investigatory techniques. 5) Strong data protection. 6) Proactive follow-ups during investigations. 7) Timely resolution of disputes. Documentation and analysis of incidents so you can continuously improve the process. Contact us at [email protected] to discuss the financial impact of customer disputes.

Roth IRA and Roth 401(k) accounts help you save for retirement with after-tax dollars. Both accounts grow tax-free, and ...
07/13/2026

Roth IRA and Roth 401(k) accounts help you save for retirement with after-tax dollars. Both accounts grow tax-free, and distributions are also tax-free if you meet certain conditions. However, higher earners may be ineligible to contribute to a Roth IRA. Income limits don’t apply to Roth 401(k)s, which also allow higher annual contributions. If you’re unsure where to put your retirement savings, contact us at [email protected] for more information on the tax considerations.

In general, companies can deduct rent as a business expense on their federal tax return. However, several rules limit th...
07/09/2026

In general, companies can deduct rent as a business expense on their federal tax return. However, several rules limit this tax break. For example, payments made under a conditional sales contract aren’t deductible as rent. And you can’t deduct “unreasonable” rent. This means it’s higher than market value, such as inflated rent paid to a “related person.” If you pay in advance, you can only deduct rent that applies to your use of the property during the tax year. (You’ll be able to deduct the rest in the year to which the payment applies.) On the other hand, you can usually deduct expenses you’ve paid to cancel a business lease. For help identifying deductible expenses, contact us at [email protected].

IRS penalties can add up quickly. Fortunately, some taxpayers may qualify for penalty relief. There are three main types...
07/08/2026

IRS penalties can add up quickly. Fortunately, some taxpayers may qualify for penalty relief. There are three main types of relief: 1) first-time penalty abatement for taxpayers with a strong compliance history, 2) reasonable cause relief for situations such as serious illness or natural disasters, and 3) statutory exceptions. These exceptions generally apply to penalties resulting from erroneous written IRS advice or to taxpayers affected by certain federally declared disasters or involved in military combat-zone operations. If the IRS has assessed a penalty on your account, contact us at [email protected]. We can help determine whether you qualify for penalty relief.

Many experts are now urging business owners to view cyberattacks as more of a certainty than a possibility. Why? Because...
07/07/2026

Many experts are now urging business owners to view cyberattacks as more of a certainty than a possibility. Why? Because they seem to be happening to just about every company in one way or another. What can your small-to-midsize business do to protect itself? First and foremost, you need a comprehensive cybersecurity strategy that accounts for not only your technology, but also your people, processes and as many known external threats as possible. The good news is there are free resources available online, such as policy templates and program frameworks. However, you may need to invest in an IT consultant for customized assistance. For help managing your technology costs, contact us at [email protected].

Many small business owners find the concept of risk management intimidating. But essentially, it’s about identifying pot...
07/06/2026

Many small business owners find the concept of risk management intimidating. But essentially, it’s about identifying potential disruptions and making practical plans to guard against them. From cash flow slowdowns to staffing shortages, every business faces uncertainty. The key is being prepared, not overwhelmed. Call us at (509) 362-2633 for help reviewing your current risks, spotting emerging challenges, and making informed decisions that support long-term stability and growth.

In the event of divorce, part or all of a married couple’s business will often be considered divisible marital property....
07/02/2026

In the event of divorce, part or all of a married couple’s business will often be considered divisible marital property. If you’re in this situation, you likely can divide your business ownership interests without triggering federal income or gift taxes. The spouse receiving the interests assumes the existing tax basis (to determine future gain or loss) and holding period. Tax-free treatment generally applies to transfers made before, during or up to a year after the divorce. Transfer recipients will owe taxes on any gain if they later sell the ownership interests. Contact us at [email protected] for more information on the tax implications of divorce.

You’ll probably owe tax on your retirement income — how much depends on factors such as the types of retirement accounts...
07/01/2026

You’ll probably owe tax on your retirement income — how much depends on factors such as the types of retirement accounts you own and your other income sources. In general, retirees should withdraw funds from any taxable accounts first, tax-deferred accounts second and tax-free accounts last. But different withdrawal strategies may benefit you. The important thing is to start planning before you retire. Contact us at [email protected] for help.

Address

506 2nd Avenue Suite 1400
Seattle, WA
98104

Opening Hours

Monday 7am - 7pm
Tuesday 7am - 7pm
Wednesday 7am - 7pm
Thursday 7am - 7pm
Friday 7am - 7pm
Saturday 7am - 7pm
Sunday 7am - 7pm

Telephone

+15093622633

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