News

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 […]

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 »

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 […]

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. […]

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 […]