Beginning July 1, 2025, the Washington Department of Revenue is launching a temporary expanded Investment Income Voluntary Disclosure Program under ESSB 5167. This initiative allows qualifying businesses with unreported investment income subject to B&O tax to come...
What’s Happening? Approved and certified in February 2025, Proposition 1A—the Social Housing Tax (SHT)—took effect on January 1, 2025. The SHT imposes a 5% excess compensation payroll expense tax on businesses with individual Seattle employees...
What’s Happening? On 12/12/2024, the Supreme Court of Washington decided the case of Envolve Pharmacy Solutions v. Department of Revenue.[1] The Supreme Court found that the exemption from B&O tax in RCW 82.04.320 applied to Envolve Pharmacy Solutions’ (“Envolve”)...
What’s Happening? On October 24, 2024, the Washington Supreme Court affirmed a narrow interpretation of investment income in Antio, LLC v. Department of Revenue.[1] This ruling significantly restricts the ability for a business to deduct investment income for Business...
As experts in state and local taxes, our team members often write or contribute to industry articles. We will share excerpts from these publications on our blog for the benefit of our customers and are always available to discuss specifics and answer questions....
