News

Washington state’s new long-term care program, which was supposed to go into effect starting January 2022, has been delayed. Governor Jay Inslee announced the delay, citing that “legislators have identified some areas that need adjustments” and that “there is an appetite to refine and improve this bill.” See the following resources for more information: Frequently […]

By Kathy Herndon, CPA, PFS, CDFA, MST, CExP   The long-awaited $1 trillion Infrastructure Investment and Jobs Act (IIJA) is scheduled for a White House signing ceremony on November 15, at the White House.  It includes funding for improvements to highways, bridges, and other road safety measures. The bill is a long-term solution that will […]

Tax laws are evolving and we want to ensure you are as prepared as possible for any changes that affect you or your planning. This article highlights many of the provisions from the budget reconciliation bill known as the “Build America Back Better” act. Read more here: https://www.thetaxadviser.com/news/2021/sep/tax-provisions-budget-bill-build-america-back-better.html Notable highlights include changes to capital gains, […]

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 […]

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, […]