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…..
Starting on January 1, 2024, certain domestic and foreign entities are required to file Beneficial Ownership Information (BOI) reports with the Financial Crimes Enforcement Network (FinCEN). The reporting will contain…..
Changes are coming to the Form 5500 for the 2023 plan year. These changes are part of the Form 5500 Modernization Initiative that was announced back in 2016. If you…..
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,…..
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…..
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…..
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,…..
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…
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…..
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…..