History Washington State has enacted a 7% excise tax on long-term capital gains over $250,000 (adjusted annually for inflation) from sales of stocks, bonds and certain other…
News
January 9, 2023
New WA DOR Form Filing: Annual Reconciliation of Apportionable Income
The Washington Department of Revenue introduced a new form filing for businesses called the Annual Reconciliation of Apportionable Income. The new annual reconciliation filing is a requirement…
December 12, 2022
New GAAP Lease Standard ASC 842
Overview For those of you on GAAP (Generally Accepted Accounting Principles) basis, a big change took effect on January 1, 2022, and after years of delay,…
December 6, 2022
Planning Ahead: Tips for a Smooth Transition
Compared to selling other assets, like real estate or publicly held securities, the sale of a business is often a very personal process with its own unique…
December 6, 2022
Avoiding Penalties – Special 401(k) Early Distribution Provision
We’ve all thought about what our retirement will look like, and, maybe how exactly we can retire earlier than expected to experience more of what life has…
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