Washington Capital Gains Tax
The Washington 7% tax on capital gains in excess of $250,000 went into effect January 1, 2022. This tax will generally be imposed on Washington residents but could also apply to nonresidents with transactions occurring in Washington, and individuals with ownership of...
Year-End Tax Planning Tips for Your Business
As 2023 winds down, here are some ideas to help you prepare for filing your upcoming tax return: Informational returns. Identify all vendors who require a 1099-MISC and a 1099-NEC. Obtain tax identification numbers (TINs) for each of these vendors if you have not...
Tax Planning: Now More Important Than Ever
Thankfully it’s not too late to try and minimize your taxes for 2023. If you haven’t scheduled a tax planning session, now is a great time to do so. Here’s how a tax planning session can potentially help your situation: It can make a difference. This is...
Important Information about the 2023 Oregon Tax Kicker
On October 9, the Oregon Department of Revenue confirmed Oregon taxpayers will receive part of a record-breaking $5.6 billion kicker state tax credit in 2024 when they file their 2023 state personal income tax return. What is the Oregon Tax Kicker? The Oregon Tax...