News

VSH CPAs Announces Promotion of Robert Dowdle to Senior Assurance Manager

Staff Update VSH Leadership Working at VSH

Posted January 19, 2024

January 17, 2024, Bellingham, WA – VSH CPAs, a leading accounting and consulting firm, is delighted to announce the promotion of Robert Dowdle, CPA, MPAcc, to Senior Assurance Manager. Robert Dowdle, who began his journey at VSH CPAs as an intern in 2017, has consistently shown exceptional expertise and commitment in accounting. Prior […]

Key Tax Considerations for Canadian Snowbirds in the U.S. – When to track days on a rolling calendar basis versus a calendar year basis

Tax Tips Year End Planning

Posted January 16, 2024

Emma Raivia, CPA As Canadian individuals venture into the United States for leisure or business, understanding the tax implications is crucial. The U.S. tax system can be intricate, especially for those spending considerable time across the border. Here are some key aspects that Canadian snowbirds must know to ensure compliance and avoid unnecessary complications. […]

What Canadian Businesses Need to Know About U.S. State Taxes

Advisory International Tax Tips

Posted January 16, 2024

Stephanie Hermanutz, CPA, MPAcc Navigating the U.S. state tax landscape is a complex yet essential task for Canadian businesses expanding south of the border. As experts in cross-border structures and tax planning, we understand the hurdles Canadian businesses encounter in the U.S. market. Rather than a unified system, U.S. state taxation resembles a mosaic […]

Understanding Capital Gains

Tax Tips Uncategorized Year End Planning

Posted January 16, 2024

David Martinson, CPA Capital gains are key in financial planning, shaping investment choices, and tax strategies. In this article, we’ll explore the fundamentals of capital gains and then examine how Washington State handles capital gains taxation. We aim to offer clarity and insights for a general audience and Washington residents with specific considerations. Getting […]

Navigating New Financial Landscapes: 2024 Rate Changes for Washington Businesses

Tax Tips Year End Planning

Posted January 16, 2024

Tracy Niemier, EA As 2024 unfolds, businesses in Washington State are facing a series of significant rate changes. These updates, essential for financial planning and compliance, affect various aspects of business operations, from payroll processing to family and medical leave premiums. As a trusted partner to many businesses and their owners, VSH is committed […]

Tax Questions Technology Leaders Should Ask Before Moving Operations: Unlocking Tax Opportunities Across State Lines

Industry Tax Tips

Posted December 7, 2023

Emma Raivio, CPA Technology companies considering an interstate move must juggle many variables. Not least among them are the tax implications of this decision, which can be complex and wide-ranging. According to BDO’s 2023 Tax Strategist Survey, 71% of respondents in the tech industry say they are involved in strategic decisions such as geographic expansion. […]

Data Governance: Working Toward Mission Accomplished

Advisory

Posted December 6, 2023

Data is the lifeblood of any modern organization — a critical asset that is not only used to operate the business, but can also fuel innovation, reduce costs, and increase revenue. But managing data assets effectively comes with a set of challenges that can be difficult for organizations to navigate. Creating an effective data governance […]

The Overlooked and Misunderstood

Tax Tips

Posted December 6, 2023

Lydia Ahn, CPA We are often asked for a list of tax ‘Do’s and Don’ts’ to help ensure that no tax planning opportunities nor implications are missed. In response, we have comprised a summary of items that are commonly overlooked or misunderstood when considering the various aspects of managing family wealth from a tax […]

IRS Launches Compliance Campaign Aimed at Inflated Cost of Goods Sold

Tax Tips

Posted December 5, 2023

Matt Roetcisoender, CPA, CVA The IRS Large Business & International Division (LB&I) has announced a compliance campaign aimed at taxpayers that may have reduced their taxable income by improperly inflating their reported cost of goods sold (COGS). LB&I is responsible for tax administration activities for domestic and foreign businesses with a U.S. tax reporting obligation […]

Transfer Pricing 101 for Business Owners: Navigating the US Market

Advisory

Posted December 5, 2023

Many businesses expanding into the US underestimate the complexity of transfer pricing, often leading to costly errors and steep penalties. Transfer pricing is not just a financial formality; it’s a critical aspect of international business operations that significantly impacts tax obligations. Understanding and adhering to its regulations is essential for thriving in the US […]

What is Beneficial Ownership Information Reporting and Who Needs to File

Legislation

Posted December 1, 2023

Starting on Jan 2024 the Financial Crimes Enforcement Network department is requiring businesses to file a Beneficial Ownership Information (BOI) form. The due date for existing companies is Jan 1st 2025, while companies newly formed after Jan 1st 2024 have 30 days to file the report. If this form is not filed on time, […]