The Washington Supreme Court on November 30 issued a one-page order that stayed a lower-court ruling declaring the state’s capital gains tax unconstitutional. As a result of the order, the state’s revenue agency can move forward with collection of the tax. However, the stay does not resolve the questions regarding the tax’s constitutionality, and the […]
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 […]
An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. The goal of an Opportunity Zone designation is to spur economic growth and investment in job creation. Localities qualify as Opportunity Zones if they have been nominated for that designation by the state and […]
2018 Whatcom Woman in Business Business Person of the Year Award Nominee Whatcom Women in Business has released the names of the six Finalists in the running for the prestigious title of 2018 Professional Women of the Year. Chosen from among many community nominations by Whatcom Women in Business’s (WWIB) Board of Directors, the six Finalists embody the heart […]
August 15, 2018 GILTI: the new type of phantom income Effective for 2018, Global Intangible Low-Taxed Income, known as GILTI, is a new tax provision that will impact certain U.S. taxpayers that own non-U.S. corporations. GILTI creates “phantom income,” or taxable business income when the shareholder has not actually received a dividend. This may […]
We are delighted and honored to be named among the top places to work in Whatcom County. For more than 20 years, creating an engaging, affirming, high-quality workplace has been of paramount importance to us at VSH. Learn more about the many amazing companies honored in the 2018 Business Pulse Top Employer’s issue. Read here.