Washington recently enacted major tax law changes that will affect many businesses operating in the state. Here’s what you need to know:
Changes to the Definition of Incidental Investment Income -
Washington law now...more
6/11/2025
/ Business Taxes ,
Corporate Taxes ,
Financial Institutions ,
Income Taxes ,
Investment Funds ,
New Legislation ,
Regulatory Requirements ,
State Taxes ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Washington
By June 7, 2025, Gov. Bob Ferguson is expected to sign legislation into law that would increase funding for Washington State's Education Legacy Trust Account (ELTA) by raising the capital gains and estate tax rates.
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Washington’s legislators have less than two weeks to reconcile the budget and avoid a special session. Here is a quick overview of some of the major tax proposals we’re monitoring this legislative session and a reminder for...more
The Washington Supreme Court recently issued an important decision upholding the state’s new capital gains tax. Two dissenting justices agreed with the trial court’s conclusion that the tax is unconstitutional based on 90...more
The number of hybrid and remote employees has greatly increased since the onset of the pandemic. As of February 2022, 39% of remote-capable employees were fully remote, 42% were hybrid and only 19% were fully on-site,...more