Federal Taxes aren’t the only taxes?! B&O Explained.

Federal Taxes aren’t the only taxes?! B&O Explained.

At what point do I have to register my side business or freelance work? A business registration is a simple form to license your business with the state. Various states require this at different asset or income levels. Washington State does not have an income tax, but it does have Business & Opponency(B&O) tax along with Personal Property taxes. Step one is registering your business with the Department of Revenue(DOR). Yes, you need to register with the State of Washington, if any of the points apply to your business: Your business is required to collect sales tax Your gross income…
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