It’s the start of a new year: Why you should consider a Payroll Compliance Review!
Each January 1 brings a new set of payroll tax changes, contribution rate updates, reporting requirements, and compliance obligations that take effect immediately, often before employers realize adjustments are required. In Washington, these changes frequently [...]
One Big Beautiful Bill (OBBBA): The Tax Write-Off Opportunity Most Americans Don’t Know Exists
The One Big Beautiful Bill (often referred to as OBBBA or the “Big Beautiful Deal”) represents one of the most aggressive expansions of business tax incentives in modern history. While headlines tend to focus on [...]
Gov. Ferguson says he would support a ‘millionaires tax’ in Washington state
OLYMPIA, Wash. — Washington Gov. Bob Ferguson said Tuesday that he would support a proposed “Millionaires’ Tax” on high-income earners, signaling a significant shift in the state’s tax debate while acknowledging the proposal would almost [...]
Options for Claiming the 2025 Deductions for Tips and Overtime
Under Notice 2025-62, the Internal Revenue Service has issued guidance clarifying how employers and employees should document and report qualified tips and qualified overtime compensation for the 2025 tax year. This notice is especially important [...]
House Passes Bills Strengthening Taxpayer Protections on IRS Penalties and Tax Court Proceedings
The U.S. House of Representatives approved two bipartisan measures this week aimed at reinforcing taxpayer protections and increasing accountability within the federal tax system. Together, the bills focus on limiting improper penalties imposed by the [...]
Social Security and What You Need to Understand
Social Security and What You Need to Understand For many business owners and high-income earners, Social Security is often treated as an afterthought—something distant, fixed, and largely out of their control. In reality, the decisions [...]
