As an investor in Washington State, it’s crucial to understand the impact of inflation on your investments. Inflation is the gradual increase in prices of goods and services over time,…..
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Blog Post
WA Long-Term Care Deductions Start July 1st!
This is a reminder that effective July 1, 2023, you will need to deduct the 0.58% WA Cares long-term care premiums from employees’ wages the same way you do now…..
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Employee Spotlight – Rachel Sheridan
Rachel has nine years of experience in public accounting, focusing on tax services and preparation for clients of many sizes and industries. Rachel works most often with closely held businesses…..
Shannon Alert
UPDATE: Washington Supreme Court UPHOLDS State Capital Gains Tax
On Friday, March 24, 2023, the Washington Supreme Court issued a ruling on the capital gains tax enacted in 2021. In a 7-2 ruling in the Quinn v Washington State case,…..
Newsletter Archive
Employee Benefit Advisor – Winter 2023
On April 14, 2021, the Department of Labor (“DOL”) announced first-ever guidance for plan sponsors, plan fiduciaries, record keepers, and plan participants on best practices for maintaining cybersecurity. In this day and age of electronic storage, internet and cloud use, and…
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Hot Topic: Leases ASC 842 – Technical Summary and Key Decision Points
As you may know, as the result of a joint project with the International Accounting Standards Board (IASB), the Financial Accounting Standard Board (FASB) issued Accounting Standards Updates (“ASU” or…..
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Important Payroll Tax Changes for Employers
January 1 brings some important payroll tax changes for employers: PFMFL tax rates: Total premiums are now 0.8% of total gross wages up to the social security cap. More information can be found…..
Shannon Alert
Washington Capital Gains Tax ALERT – State Supreme Court Issues Stay on Lower Court Ruling
Over the past year and a half, the topic of whether a capital gains tax breaches state law has been quite contentious. There have…
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Employee Spotlight – Eric Lee
Eric has worked in public accounting since 2017. He specializes in international taxation but his experience spans a wide range of industries, including construction, manufacturing, and distribution. learn more here……
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Shareholders of S-Corporations: As we move into December, there are two things you need to do
Self-Employment Health Insurance Deduction Shareholders who own more than 2% of the shares in the S-corporation are required to report health insurance premiums paid on…