Sales Tax and Business & Occupation Tax Changes – HB 2081 & SB 5814
HB 2081 New Tier for Service Providers: Service businesses with over $5 million in annual gross receipts will now pay a B&O tax rate of 2.1%, up from the previous 1.75% rate applied to those [...]
Governor Ferguson Signs Law Expanding Sales Tax and Raising B&O Rates to Boost State Revenue
Overview On May 21, 2025, Washington Governor Bob Ferguson signed into law a set of fiscal measures aimed at increasing state revenue through the expansion of the sales and use tax base and an increase [...]
Unveiling Hidden Financial Risks: The Imperative of Robust Bank Account Management
Unveiling Hidden Financial Risks: The Imperative of Robust Bank Account Management In our forensic investigations, we've encountered numerous instances where inadequate oversight of bank accounts has led to significant fraud. These cases, spanning various industries [...]
CALL TO ACTION: Contact Congress to preserve PTET Salt Deduction
CALL TO ACTION: Please reach out to your Members of Congress to voice your opposition to the unfair targeting of pass-throughs, such as those of accountants, dentists, doctors, lawyers and pharmacists, through the elimination of the [...]
Balancing Salary and Distributions in an S Corporation: Understanding the IRS Expectations
The 2017 Tax Cuts and Jobs Act (TCJA) brought significant changes that affect how S corporation shareholders handle compensation. One key impact is that the 20% Qualified Business Income (QBI) deduction is based on the [...]
Separating Rhetoric from Reality: A Forensic Look at Social‑Security “Cut” Claims… a Pivotal Forensic Accounting & Audits Perspective
Executive Summary Few topics inflame public debate more quickly than Social Security. During every election cycle, charges that one side or the other intends to “slash” or “eliminate” the program crowd headlines and social feeds. The loudest [...]
