Article Archives: 2015

Posted by: Rick Cooley

By Rick Cooley, CPA As you’ve heard, the new healthcare law contains many new tax provisions that impact employers of all sizes. That said, understanding the size and structure of your workforce – whether it is small or large – will help you understand the details of the impact on your organization and navigate the […]

Posted by: Shelly Archuleta

By Shelly Archuleta, CPA Changes to Financial Reporting for Benefit Plans FASB Accounting Standards Update ASU 2015-07 and ASU 2015-12 During this past summer, the Financial Accounting Standards Board (FASB) was busy issuing new guidance that changed financial reporting requirements for employee benefit plans. Accounting Standards Update (ASU) 2015-07 was issued in May 2015 and […]

Posted by: Andrew Prather

By Andrew Prather, CPA On November 11, 2015, the Financial Accounting Standards Board (FASB) voted to proceed with issuing a new accounting standard for leases. This new accounting standard will require all entities that follow U.S. generally accepted accounting principles for financial reporting to include lease obligations on their balance sheets. This new accounting standard […]

Posted by: Joe Haberzetle

By Joe Haberzetle, JD, LLM Should retirement communities, assisted living facilities, and the like charge sales tax on the meals provided to their residents? The answer is not a simple yes or no, as guidance posted recently by the Washington Department of Revenue (DOR) on its website shows. This guidance states that the taxability of […]

By Vincent Stevens, CPA, CGMA and Troy Rector, CPA Imagine asking supporters of your nonprofit to donate to pay for all the administrative fees necessary to run the organization – items such as human resources, accounting and technology. Most funders – individual donors, foundations and government granters – like to fund the actual work, the […]

The IRS’s track record of disallowing charitable contributions has been dishearteningly successful over the past several years. The winning issue for the IRS is a technicality usually based upon flawed donor acknowledgment letters. One tactic that some donors have taken to try to preserve their deduction is specific language in the statute that allows for […]

As we enter the fall season and the end of the calendar year, donors are preparing for the upcoming tax season and how they will be allocating donations to their charities of choice. Charities are working aggressively to get out in front of these donors to make one last fundraising push. It’s a good time […]

Posted by: Joe Haberzetle

By Joe Haberzetle, JD, LLM Note: the information in this article had additional updates on February 19, 2018. View the updated article here. In our May 2014 article, we discussed the difficulties commercial and residential landlords encounter in determining the extent to which amounts received from tenants are subject to Washington B&O tax. While rental […]

Posted by: Joe Haberzetle

By Joe Haberzetle, JD, LLM Seemingly every year the Washington legislature makes a number of changes to the state’s tax laws, and 2015 was no different in this regard. Since 2011, Washington law has provided an exemption from Business and Occupation (B&O) tax and sales/use tax for complimentary meals provided by restaurants to employees. However, […]

Posted by: Bob Heller

By Bob Heller, JD, LLM Taxpayers earning revenue from performing services or from licensing intangibles, and doing business both inside and outside of the State of Washington are required to complete an “Annual Reconciliation of Apportionable Income.” The form must be submitted to the Department of Revenue by October 31st of each year; failing to […]

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