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Date: February 6, 2026 Washington lawmakers introduced SB 6346, a proposal to create a new 9.9% Washington tax on income above $1,000,000 (as calculated under the bill’s rules), starting in tax year 2028. This is a proposal (not law yet) and it may change during the legislative process.   What the proposal does If passed, the proposal would appl...

IRS Disaster Tax Relief – Important Update for Certain WA Clients This notice applies only to taxpayers connected to specific Washington counties (listed below).   What’s happening The IRS has announced federal tax deadline relief for taxpayers impacted by severe storms, flooding, landslides, and mudslides in parts of Washington State. For qualifying taxpayers, certain f...

President Trump signed the One Big Beautiful Bill Act ("OB3") into law on July 4, 2025. This extended and/or made permanent many provisions of the Tax Cuts & Jobs Act of 2017 ("TCJA") and created some new laws and opportunities for taxpayers. Read on to stay informed of the highlights of some of these changes.  Many provisions of the new law are effective for the 2025 tax year while s...

If you aren't familiar with the new Beneficial Owner Information ("BOI") reporting requirements, now is the time to get familiar. 2024 is year one of a new non-tax filing requirement, and the non-compliance penalties are hefty. Here is our first post on all things BOI from last fall. Since then, the topic has received some clarifying guidance and additional answers to new FAQ from FinCEN. Below ...

Corporate Transparency Act and Beneficial Ownership Information Reporting Requirement The Corporate Transparency Act (CTA) was passed in 2021 under the National Defense Act in an effort to reduce money laundering and other financial crimes. It requires most small businesses to provide information about owners and decision makers (i.e. “Beneficial Ownership Information” (BOI)) to the ...