Ascent Wealth & Tax Advisors

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Accounting comes with its own vocabulary, and some of the terms that come up most often are not always explained in plai...
08/27/2026

Accounting comes with its own vocabulary, and some of the terms that come up most often are not always explained in plain language. So today, our team wanted to share a quick refresher on a few key accounting terms.

Swipe through for a simple breakdown of return on investment (ROI), amortization, and taxable income.

We hope you found this brief explainer helpful. As always, if you have any accounting needs, don’t hesitate to reach out. We are here to help you.
The information shared in our posts is for general educational purposes only and should not be considered tax, financial, or accounting advice. Every situation is unique, and you should consult a qualified professional before making decisions related to tax planning, financial planning, or business accounting. All investments carry risk, and past performance is not a guarantee of future results.

As we move through the second half of the year, now is a good time to step back and revisit your tax strategy. A few pro...
08/27/2026

As we move through the second half of the year, now is a good time to step back and revisit your tax strategy. A few proactive decisions now can help reduce surprises later, improve cash flow, and put your business in a stronger position before year-end.

Swipe for a few practical tax strategies small business owners should keep in mind.

Some of the best tax strategies are only useful if you act before year-end. Even a short review during the year can make a meaningful difference. So, if you would like to review your current tax strategy, projected payments, entity structure, or year-end opportunities, please reach out.

Our team would be happy to help you identify practical next steps and make sure you are taking advantage of the options available to you.
The information shared in our posts is for general educational purposes only and should not be considered tax, financial, or accounting advice. Every situation is unique, and you should consult a qualified professional before making decisions related to tax planning, financial planning, or business accounting. All investments carry risk, and past performance is not a guarantee of future results.

Your business structure is the foundation on which everything else is built. It shapes how your business is taxed, how y...
08/25/2026

Your business structure is the foundation on which everything else is built. It shapes how your business is taxed, how your personal assets are protected, and how your books need to be kept from day one. That’s why it’s crucial to understand what your business’s structure means and how it impacts taxation.

Swipe through to see how each structure stacks up and what it means.

We hope you find this guide helpful. As always, if you have questions about your business structure or accounting setup, give our office a call. We are here to help guide you.
The information shared in our posts is for general educational purposes only and should not be considered tax, financial, or accounting advice. Every situation is unique, and you should consult a qualified professional before making decisions related to tax planning, financial planning, or business accounting. All investments carry risk, and past performance is not a guarantee of future results.

Managing your business finances can quickly become more complex than expected. While many business owners start by handl...
08/20/2026

Managing your business finances can quickly become more complex than expected. While many business owners start by handling things on their own, there often comes a point where professional support is necessary. Swipe through to learn more.

Recognizing these signs early can help you avoid setbacks and make more informed decisions as your business moves forward. If you are ready for expert financial support, contact us today to learn how we can help you stay on track and plan for what is next.
The information shared in our posts is for general educational purposes only and should not be considered tax, financial, or accounting advice. Every situation is unique, and you should consult a qualified professional before making decisions related to tax planning, financial planning, or business accounting. All investments carry risk, and past performance is not a guarantee of future results.

If you have been paying out of pocket for medical care this year, some of those costs may already qualify as tax deducti...
08/20/2026

If you have been paying out of pocket for medical care this year, some of those costs may already qualify as tax deductions. However, certain criteria and qualifications must be met. Swipe to learn more.

If you would like more information or have any questions about your tax situation and which deductions may apply to you, give us a call today. We are here to help.
The information shared in our posts is for general educational purposes only and should not be considered tax, financial, or accounting advice. Every situation is unique, and you should consult a qualified professional before making decisions related to tax planning, financial planning, or business accounting. All investments carry risk, and past performance is not a guarantee of future results.

If you have a child heading to college, there are a number of tax considerations that may come into play — many of which...
08/19/2026

If you have a child heading to college, there are a number of tax considerations that may come into play — many of which overlap in ways that can be easy to miss.

So, with that in mind, our team wanted to share a quick breakdown of key considerations to help you stay informed. Swipe for more information.

When college expenses are involved, tax considerations rarely stand alone. Dependency status, credits, 529 plans, scholarships, and student income all interact. Reviewing these elements together can help you make more informed decisions and avoid surprises.

Our team is here to help guide you. Give us a call today, and we can get started.
The information shared in our posts is for general educational purposes only and should not be considered tax, financial, or accounting advice. Every situation is unique, and you should consult a qualified professional before making decisions related to tax planning, financial planning, or business accounting. All investments carry risk, and past performance is not a guarantee of future results.

Missing the right document at the wrong moment can turn a straightforward tax situation into a stressful one. Understand...
08/06/2026

Missing the right document at the wrong moment can turn a straightforward tax situation into a stressful one. Understanding which documents you need to hang on to and which you can dispose of can be tricky, so our team wanted to share a brief overview of which documents to keep and why they're important. Swipe for more.

We hope you found this overview helpful. If you have any questions, don’t hesitate to reach out to our team. We are here to help support you.
The information shared in our posts is for general educational purposes only and should not be considered tax, financial, or accounting advice. Every situation is unique, and you should consult a qualified professional before making decisions related to tax planning, financial planning, or business accounting. All investments carry risk, and past performance is not a guarantee of future results.

If saving for a child’s, grandchild’s, or another family member’s education is one of your goals, a 529 plan may be wort...
08/05/2026

If saving for a child’s, grandchild’s, or another family member’s education is one of your goals, a 529 plan may be worth a fresh look.

These plans are no longer viewed only as a college savings tool. Depending on the circumstances, they can help cover college costs, certain K–12 expenses, and even some apprenticeship or credentialing expenses, while still offering valuable tax advantages when the funds are used for qualified education purposes.

Swipe for a couple of frequently asked questions about 529 plans and what those considering them need to know.

If you have questions about whether a 529 plan makes sense for your family, please reach out to our team. We would be happy to help you think through your options.
The information shared in our posts is for general educational purposes only and should not be considered tax, financial, or accounting advice. Every situation is unique, and you should consult a qualified professional before making decisions related to tax planning, financial planning, or business accounting. All investments carry risk, and past performance is not a guarantee of future results.

Not every expense during a business trip is deductible, and that is where many businesses can run into trouble. Our team...
07/23/2026

Not every expense during a business trip is deductible, and that is where many businesses can run into trouble.

Our team is highlighting some common travel costs that usually do not qualify, so you can better separate business from personal expenses and keep your records clean. Swipe to learn more.

If you would like guidance on what should and should not be included, we would be glad to talk through it with you. Give us a call today, and we can get started.
The information shared in our posts is for general educational purposes only and should not be considered tax, financial, or accounting advice. Every situation is unique, and you should consult a qualified professional before making decisions related to tax planning, financial planning, or business accounting. All investments carry risk, and past performance is not a guarantee of future results.

Address

2021 NW Myhre Road Ste #80
Silverdale, WA
98380

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

Telephone

+12816177336

Website

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