News

New addition to the ERTC program for startup companies

Posted September 23, 2021

In August, the IRS published Notice 2021-49 with updates to the American Rescue Plan Act of 2021. These updates included the addition of the Recovery Startup Business as a third category for employers to qualify for the Employee Retention Tax Credit (ERTC) in Q3 and Q4 of 2021. For your business to qualify for the […]

VSH CPAs Hires Staff Accountant, Colton Rasmussen

Staff Update

Posted September 22, 2021

The accounting and consulting firm VSH CPAs is pleased to announce that Colton Rasmussen has joined their International team as a Staff Accountant. As a Staff Accountant in the International Business Segment, Colton prepares tax returns for corporations and individuals in the U.S. and for U.S. citizens abroad, non-residents, and corporations with U.S. tax obligations. […]

VSH CPAs Hires Senior Tax Accountant, Matt Burrows, CPA

Staff Update

Posted September 16, 2021

The accounting and consulting firm VSH CPAs is pleased to announce that Matt Burrows has joined the team as a Senior Tax Accountant. As a Senior Tax Accountant, Burrows will provide tax preparation services and client management to small to large businesses throughout the Pacific Northwest. Matt comes to VSH with over three years of […]

Fridays in July office closures

Uncategorized

Posted July 2, 2021

Here at VSH, we have a solid commitment to a healthy work/life balance. So in recognition of the extra time staff have had to work during the pandemic, the VSH offices will be closed every Friday throughout July. We will also be closed in honor of the holiday on Monday, July 5th. If you have questions, please […]

Washington’s New Long-Term Care Benefits Come with a Catch—a New Payroll Tax

Legislation

Posted June 21, 2021

A new piece of legislation enacted in Washington will impact both employers and employees and, in some cases, require timely action. SB 1323 creates a new payroll tax designed to finance state long-term care benefits for Washington residents. A recent article from the National Law Review offers helpful details, including: As of January 1, 2022, […]

VSH CPAs Staff Accountant Earns CPA Designation

Staff Update

Posted June 9, 2021

The accounting and consulting firm VSH CPAs is pleased to announce that Emma Raivio has been approved for her license as a Certified Public Accountant (CPA) in Washington. A professional in the accounting field since 2019, Raivio joined the VSH CPAs team in 2020. She currently serves as a staff accountant in the firm’s International […]

Washington Governor Enacts New Capital Gains Tax

Legislation

Posted May 20, 2021

On May 4th, Governor Jay Inslee of Washington signed Senate Bill 5096 (SB 5096)—a highly contested piece of legislation—into law. The bill contains a state capital gains tax on Washington residents. In a recent article from the Seattle Times, political reporter Jim Brunner offers a helpful overview of the new state tax law. Details of […]

The American Rescue Plan Act (ARPA) Q&A

Legislation

Posted March 29, 2021

Join VSH team members Madison Price and Sooraj Sall on Tuesday, March 30, for a Q&A session dedicated to the American Rescue Plan Act. This session is taking place in partnership with WWU SBDC. Click here to register »

SBA Announces Changes to COVID-19 EIDL Loans

Legislation

Posted March 26, 2021

The U.S. Small Business Administration (SBA) recently announced a major update to the COVID-19 Economic Injury Disaster Loan (EIDL) program. As of the week of April 6, 2021, the maximum loan amount for COVID-19 EIDLs will increase to $500,000. Under the CARES Act, the EIDL program was expanded to cover eligible businesses experiencing substantial economic […]

IRS Announces Individual Tax Deadline Extension

Legislation

Posted March 19, 2021

For the second year in a row, the federal income tax filing due date for individuals has been postponed. The postponements come as a part of the fallout of the coronavirus pandemic and the legislation that has resulted from it, which has added complexity to tax filings and systemic strain to the U.S. tax bureau. […]

American Rescue Plan Act

Legislation

Posted March 8, 2021

After a day of fraught debate, the American Rescue Plan Act (ARPA) was passed by the Senate on Saturday, March 6. The $1.9 trillion relief bill now returns to the House for the body to approve the changes made in the Senate; it is expected to pass quickly and then be sent on to President […]