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WEMBO CPA

Why Us? Imagine freeing up your schedule from the tedious tasks of bookkeeping and tax compliance, enabling you to focus more on growing your business.

We are a Seattle-based tax and accounting firm helping real estate investors, construction companies, contractors, and business owners gain financial clarity, stay compliant, and make smarter tax decisions.

📍Spokane & Seattle, WA 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 cr

ucial 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.

09/07/2026

One of the easiest ways to reduce the size of your taxable estate is to take advantage of your gift tax annual exclusion. For 2026, you can transfer up to $19,000 per recipient gift-tax-free. And you can double the exclusion to $38,000 per recipient if you split the gifts with your spouse. But it’s critical to understand the rules of gift-splitting to avoid unintended tax consequences. To elect to split gifts, the spouse making the gift must file a gift tax return, and the other spouse must consent by checking a box on the return and signing it. Contact us at [email protected] for additional details.

09/04/2026

Construction accounting is not the same as regular bookkeeping. A contractor may have several projects running at the same time, each with its own labor costs, materials, subcontractors, equipment, retainage, change orders, billing schedule, and profit margin. That means your financial system must show more than whether the company made money during the month. It must show whether each job is actually profitable.

When construction companies rely on basic accounting reports, they often discover problems too late. A project can look successful in the field while quietly losing money because material prices increased, labor hours exceeded the estimate, a change order was not approved, or retainage delayed cash collection. Strong construction accounting helps owners spot those issues early and make better decisions before small leaks become major losses.

The real issue: Most construction companies do not fail because they lack work. They struggle because they do not have timely financial visibility. Without job-level reporting, a contractor may keep winning bids while unknowingly underpricing labor, missing change orders, or using cash from one project to fund another. Better construction accounting gives owners a financial dashboard they can actually use. For more information on this topic, check out our latest article: https://www.wembocpa.com/blog.php?id=13

09/03/2026

Sole proprietors: Are you on top of your federal tax obligations? Even if your business is small, tax compliance and planning are a big deal.

In addition to reporting business income and expenses, you may owe self-employment tax and need to make quarterly estimated payments. You might also need an employer identification number (for example, if you hire employees). State and local income, sales, payroll, and other tax requirements may apply, too. Careful planning can help you maximize deductions and choose the right retirement plan for your situation.

Contact us at [email protected] to learn more about the tax aspects of being a sole proprietor, including the reporting and recordkeeping requirements.

09/02/2026

Tax law changes have created new planning opportunities for 2026. A review of your expected income and expenses for the year, along with any significant life changes, may uncover strategies to reduce your taxes. Start the conversation before year-end for more time to take tax-saving steps. And if you extended your 2025 return, we can help you file before the Oct. 15 deadline. Contact us at [email protected] to schedule an appointment.

09/01/2026

Businesses have long used bank lockbox services to accelerate collections and reduce work involved in processing checks. Now, technology enables lockbox users to automate many accounts receivable procedures. But other electronic payment methods, including ACH and credit cards, may provide less expensive, yet effective, solutions. To determine what makes sense for your organization, evaluate the volume of paper checks you receive. If it’s high, you might benefit from a lockbox service. Otherwise, consider accepting paper checks while steering customers to electronic methods. Talk to your bank about its services, and contact us at [email protected] for help calculating your current payment-processing costs.

08/31/2026

Effective job costing can help business owners make smarter pricing and budgeting decisions. By tracking the direct labor, materials and overhead tied to specific jobs or projects, you gain a clearer picture of profitability and operational efficiency. Without accurate data, it’s easy to underprice work, overlook cost overruns or misjudge your most profitable services. We can help you set up practical costing methods that improve financial insight and support better decision-making. Contact us at [email protected] for more information.

08/29/2026

How Outsourced Accounting and Tax Support Helps Real Estate Investors Grow with Confidence

Real estate investing rewards focus, discipline, and timely decision-making. But as an investor’s portfolio grows, the financial side of the business can quickly become overwhelming. Rental income must be tracked by property, repairs need to be categorized correctly, mortgage interest and closing costs must be recorded accurately, and tax planning decisions often need to be made long before filing season begins.

For many investors, the challenge is not a lack of ambition. It is a lack of time, visibility, and dependable financial systems. That is where outsourced accounting and tax support can make a meaningful difference. With the right support team, investors can stop reacting to messy books and start using financial information to make smarter acquisition, financing, tax, and cash flow decisions.

Why Real Estate Investors Outgrow DIY Accounting
Many investors start with spreadsheets, bank downloads, or basic bookkeeping tools. That may work for one property, but it becomes harder to manage as the portfolio expands. Each property may have its own rent deposits, repairs, insurance, taxes, management fees, utilities, depreciation, loan activity, and owner contributions. If the records are not organized consistently, it becomes difficult to know which properties are profitable, which ones are draining cash, and what tax opportunities may be missed.

Professional outsourced accounting gives investors a scalable foundation. Instead of waiting until year-end to clean up transactions, investors receive ongoing support that keeps the books current, separates personal and business activity, tracks income and expenses by property, and prepares financial reports that support better decisions.

Want to learn more about this topic? Check out our latest article: https://www.wembocpa.com/blog.php?id=17

08/28/2026

The Numbers Behind Every Successful Build: Construction Metrics Real Estate Investors and Contractors Cannot Afford to Ignore

For real estate developers, builders, contractors, and investors, profit is rarely lost all at once. It usually leaks out slowly through missed change orders, underbilled work, weak job costing, delayed collections, poor labor productivity, and cash flow surprises. The right metrics help you catch those leaks before they become expensive problems.

Why Construction Metrics Matter More Than Ever?

Construction is a high-volume, low-margin business. A project can look profitable on paper while quietly draining cash through retainage, delayed progress billings, vendor deposits, payroll timing, and unapproved change orders. For real estate investors and contractors, this creates a dangerous blind spot: the project may appear “busy” and “on track,” but the financial performance may be moving in the wrong direction.

The best operators do not wait until year-end financials to find out whether a job worked. They review job-level performance monthly, monitor cash weekly, and use key performance indicators to make decisions before small issues become painful losses.

The most successful construction businesses and real estate owners treat financial reporting as a project management tool. They do not ask, “Did we make money last year?” They ask, “Which job made money, which job consumed cash, which customer pays slowly, which crew is productive, and which project needs attention this week?”

In fast-growing markets such as Seattle and Spokane, this discipline is even more important. Construction costs, permitting timelines, financing terms, subcontractor availability, and buyer or tenant expectations can shift quickly. A contractor or investor who relies only on bank balances and year-end tax returns may not see trouble until the project is already behind schedule or over budget.

Check out our latest article to learn more about this topic: https://www.wembocpa.com/blog.php?id=18

08/27/2026

Recent tax law changes made the New Markets Tax Credit permanent. This program encourages private investment in economically distressed communities by offering federal income tax credits to qualifying investors.

If your business invests in a certified community development entity (CDE), you may be eligible for a credit equal to 39% of your investment over seven years. Alternatively, your business may benefit indirectly by receiving CDE financing for renovations, equipment, expansion or other eligible projects in qualifying low-income communities.

We can help you estimate the potential tax or financing benefits and comply with the applicable requirements. Contact us at [email protected] to learn more.

08/26/2026

Grabbing lunch with a client doesn’t just build rapport. It can also trim your tax bill. Under federal tax law, you can generally deduct 50% of qualifying business meal costs. Whether you're dining with clients, partners or employees, these deductions can reduce your taxable income. Keep detailed records of the expenses, including receipts. Document the business purpose of each meal and the business relationship of the people you dine with. Contact us at [email protected] with any questions about this deduction.

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

Website

http://www.wembocpa.com/

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