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Spokane Business & Payroll Tax Relief

A businesswoman looking at her earnings and calculating her taxes.

Running a business creates a huge set of challenges, and managing all your tax obligations is certainly one of the toughest. When you are facing alleged back taxes you owe, along with possible collection actions, it can make it even tougher to feel like you can stay afloat.

From penalties to actions like liens and levies, the IRS and Washington Department of Revenue certainly don’t make it easy to feel like you can get out from underneath tax debt.

Instant Tax Solutions is here to help you find the relief you need. From identifying government incentives, tax credits, and programs you could be taking advantage of to helping you dispute the amount you owe, you can stand to gain a lot by working with us.

We’ll thoroughly review your current financial situation and present any and all options we can uncover to help make your business taxes and payroll taxes easier to handle.

When you are ready to get assistance and tax relief, we are ready to set to work. Find out what your business could be eligible for and how we may be able to help make your tax burden more manageable when you call us at (888) 886-5526 or contact us online to schedule a confidential case review.

Get Help Catching up With Spokane Payroll Taxes

One of the biggest hurdles to running a business and staying in the black is the obligation to regularly deposit payroll taxes. State, local, and federal governments all depend on payroll tax contributions as a large portion of their overall income.

In fact, the Center on Budget and Policy Priorities reports that federal payroll taxes contributed $1.3 trillion, or nearly a third of all federal revenues, in FY2021.

Federal payroll taxes largely contribute to the funding of Social Security and Medicare. In Washington, state payroll taxes contribute to the state’s Unemployment and Workers’ Compensation funds, in addition to providing a portion of the business’s overall Washington State Tax responsibilities.

Because these revenues are so important, state and federal authorities will seemingly stop at nothing to collect them. The good news is that you may be eligible for certain tax incentives and credits that you failed to collect, which can potentially apply to any of the returns your business filed in the past three years.

A filer can submit an amended return up to three years after the initial deadline for the return. This amended return may claim new credits and deductions that the filer initially missed, potentially lowering the amount of taxes they owe.

The business may have also miscalculated its total taxable revenues or made other oversights. Instant Tax Solutions pledges to thoroughly review your recent financials to help ensure that you are paying only exactly what you owe.

We may also be able to help you manage your owed back taxes through penalty abatement, installment plans, or an offer in compromise. The availability of these forms of relief depends entirely on the taxes owed, your business’s history, and whether you can sufficiently justify your request for relief or reduction of your owed business taxes.

Instant Tax Solutions will work closely with you to explore every available opportunity. We have helped thousands of businesses and individuals like you work with the federal and state government, getting taxes owed down to a manageable size while mitigating penalties, liens, and other consequences you may currently face as a result of your past-due tax amounts.

Tax Credits and Deductions That Could Reduce the Spokane Business Taxes You Owe

The state of Washington has many incentive programs and credits available to offset the amount of state taxes you will pay.

Note that many of these programs only apply to certain industries or employers that operate in specific economic zones. Nevertheless, going through these programs could give you opportunities to lower the amount of taxes due at year-end.

Some noteworthy Washington state tax credit programs to consider include:

  • Aerospace Manufacturer B&O Credit — Available for businesses that manufacture commercial airplanes and component parts
  • Aluminum Smelter Credits — Exempt natural gas use taxes as well as certain state retail sales taxes and use taxes
  • Bad Debt Tax Credit — Can eliminate certain retail sales taxes that are uncollectible or that have been written off
  • Capital Gains B&O Tax Credit — Reduces the business and occupation taxes related to long-term capital assets that also incur Washington capital gains taxes
  • Clean Alternative Fuel Commercial Vehicle and Vehicle Infrastructure Tax Credit — Provided to businesses that purchase or lease green energy vehicles, including conversion of existing vehicles to use alternative fuels
  • Commute Trip Reduction Credit — Available to employers who provide incentives for employees to carpool or otherwise reduce the impact of their commute trips
  • Customized Employee Workforce Training Credit — Participating in Washington Customized Training Programs can allow some businesses to partially offset the cost of their business and occupancy taxes
  • Energy Efficiency Incentive Credit — Tax credits for utility companies that incentivize owners of commercial and multifamily residential buildings to improve energy efficiency and alternative energy usage
  • Equitable Access to Credit Program B&O Tax Credit — Can provide up to $1 million in credits for businesses that contribute to the Equitable Access to Credit Program through the Department of Commerce
  • External Multiple Activities Credits (MATC), Taxes Paid to Other States — Applies to certain manufacturers and extractors with activities lying outside the state of Washington
  • Hazardous Substance Tax — Offsets the cost of taxes paid on fuel that was transported and taxed in the state of Washington but not used there
  • High Technology Credit — Provided to certain technology-focused businesses engaged in substantial research and development for advanced computing, advanced materials, biotechnology, electronic device technology, and environmental technology.
  • Hospital Safe Patient Handling Credit — Offsets business and occupancy taxes in proportion to the costs of acquiring certain patient lifting equipment
  • International Services Credit — Available to certain businesses that provide internationally based services and that operate within designated Community Empowerment Zones
  • Low-Income Community Solar Project Cost Recovery Credit — Offsets the costs of certain incentive payments made in connection with solar energy development in low-income communities
  • Main Street Credit — Reduces business and occupancy taxes for businesses that apply to and make contributions to the Main Street Organization or to the Main Street Trust Fund
  • Manufactured/Sold Inside Washington MATC — Provides credit to businesses that extract or manufacture products sold in Washington, either retail or wholesale
  • Motion Picture Competitiveness Program Credit — Reduces business and occupancy taxes for qualifying entities that contribute to a Motion Picture Competitiveness Program (MPCP).
  • Multiple Activities Tax Credit (MATC) — Allows businesses to avoid paying twice for the same product
  • Pollution Control Credits — Available to businesses that don’t take the exemptions offered in connection to pollution control systems
  • Public Utility Tax Credit for Billing Discounts/Qualified Contributions to a Low-Income Home Energy Assistance Fund — Provided to light, power, and gas businesses in connection with qualifying contributions and billing discounts
  • Renewable Energy System Cost Recovery Credit — Offsets Public Utility Taxes in proportion to incentive payments provided for qualifying renewable energy systems
  • Sales Tax Paid in Other States — Prevents paying twice for property and goods purchased or first used outside the state of Washington
  • Silicon Smelter Credits — Offers a specific exemption category for the brokered natural gas use tax
  • Small Business B&O Tax Credit — Offered to qualifying businesses according to the monthly, quarterly, and annual B&O tax obligations
  • Syrup Tax Paid B&O Credit — Offered for qualifying purchases that trigger the syrup tax for carbonated fountain drink syrup purchases
  • Tobacco Products/Cigar Tax Credit — Provided to qualifying businesses that distribute tobacco products outside the state of Washington
  • Vapor Solution Credit, Accessible Containers Greater than 5 mL Credit/All Other — Identical to the tobacco credit above, except for certain vapor products sold outside the state of Washington
  • Veterans Employer B&O Tax Credit/Veterans Employer PUT Credit — Offered to businesses that provide qualifying employment to an unemployed veteran in a full-time position

Obtaining Relief for Spokane Unemployment Taxes

Certain businesses may be able to take advantage of Washington’s Voluntary Contribution Program to reduce their unemployment tax rate when they reimburse the unemployment insurance trust fund for unemployment benefits paid in connection to their previous employees.

Speak to your tax professional for more guidance.

Other Options for Relief From State and Federal Business Taxes, Payroll Taxes, and Unemployment Taxes

Businesses are provided many of the same opportunities as individuals to reduce their federal tax burden or mitigate penalties on the taxes they owe. These options may include:

  • Currently not collectibleDelays collection actions for businesses experiencing a temporary hardship that are unable to currently pay their tax obligations
  • Offer in compromiseAllows certain qualifying organizations to reduce the total amount of taxes they owe by providing a lump sum payment or a series of payments within a short time window
  • Installment plansCreates an agreement to pay back taxes through regular installments over a set time period; this arrangement may allow businesses to remove certain levies or liens placed upon their assets
  • Amended/Adjusted/Appealed Tax Assessments and Collection Actions — You may be able to reduce your total tax burden, or at the very least, appeal decisions to collect taxes through levies and liens
  • Penalty abatementCertain qualifying operations may be able to eliminate certain penalties and interest, reducing the total amount they owe

Get Help With Paying Back Taxes and Spokane Business Tax Compliance

Not only can Instant Tax Solutions help you find all available forms of business & payroll tax relief, but we can also assist with putting you into full business tax compliance for the fiscal years ahead. Getting out from underneath tax debt can seem challenging, but the key is to develop a plan to reduce what you owe (when possible), pay down the rest (in as manageable a way as possible), and then get on the right track to start paying taxes on time and in the method required.

When you are ready to transform your business’s finances and get it on the path toward the sunniest financial future possible, reach out to our tax experts. Call (888) 886-5526 or contact us online to schedule your confidential consultation and financials review today.

Un-Edited Client Reviews

Linda C.
"The entire staff was very helpful and courteous through the process with no gimmicks."

The experience was a painless one with no hassles of hoops to jump. I had a debt of $16,000.00 and ended up paying $1,700.00. They handled everything from start to end with a very positive resolution. The entire staff was very helpful and courteous through the process with no gimmicks. Keep on with the GREAT work.

Kurtis and Jennifer S.
"They truly are the best in the business at getting people out of Tax troubles"

I just want to say what outstanding service I received from Instant Tax Solutions. They helped us through a very hard time in our lives when we needed it most. We can’t thank them enough for all their hard work and dedication. They truly are the best in the business at getting people out of Tax troubles, and we would refer them to anyone that are having hard times and in need of help from the IRS.

Aaron F.
"...made me feel comfortable working with them. A burden has been lifted from my shoulders."

I had ten years of taxes I hadn’t filed. I was really nervous and didn’t know what to do. I checked the IRS website for tips on selecting a company. Instant Tax Solutions had a good rating and made me feel comfortable working with them. A burden has been lifted from my shoulders. Thank you Instant Tax Solutions!

Kathleen R.
"I called Instant Tax Solutions and within 3 days my levy was released"

I had a very serious tax problem, I was basically looking at the end of my life as I knew it. I called Instant Tax Solutions and within 3 days my levy was released and the monthly installment agreement was far better then I could have ever hoped for.

Joseph H.
"When all was said and done, they saved me over $100,000."

I owed the IRS $160,000 in back taxes. I had a wage garnishment and my case was assigned to a Revenue Officer. I did not know what to do. Instant Tax Solutions was able to get my garnishment before my next paycheck. When all was said and done, they saved me over $100,000.

Debbie and Dennis S.
"...but your confidence and expert advise eased that feeling"

I’ll admit I was a little reluctant because I didn’t know anything about Instant Tax Solutions, but your confidence and expert advise eased that feeling. Within 24 hours of retaining your services and giving you the requested information my wife’s wage garnishment had been STOPPED. What a relief!

Stephen N.
"ITS was quick to respond and resolve my issues."

Great operation. Professional, knowledgeable and accommodating. Couldn’t have imagined a better experience, considering the situation. ITS was quick to respond and resolve my issues.

Kelly & Howard T.
"I would highly recommend them to anyone that needs help!"

I called to discuss some serious tax issues and from my very first phone call, this team was terrific. They were courteous, professional and quick to deliver. Instant Tax Solutions far-exceeded any expectations that I had. They turned our situation around very quickly. I would highly recommend them to anyone that needs help with the IRS.

Armando & Sofia M.
"Within 48 hours of contacting ITS, the levy was released..."

I received an IRS notice of a levy on my wages. Boy, was I scared. Within 48 hours of contacting ITS, the levy was released and now ITS is helping me to get caught up on unfiled returns. Thank you ITS!

Marcia and John K
" guys were simply great! Can't thank you enough."

This was the free consultation! Instant Tax Solutions spent over half an hour with me during my consultation. I was so impressed that my husband and I decided to sign immediately. From filing my back tax returns to settling my debt to the IRS and state of California, you guys were simply great! Can’t thank you enough. You guys are doing my taxes next year for sure!