Blog Archives: 2017

How to Invest in Your Family’s Financial Future

Introducing a little one to the family is a very exciting time. That said, there are some financial logistics to consider, before your bundle of joy arrives, that will help protect your family’s financial future. These are the not-so-fun topics that are crucial parts of parenting – and are much easier to get in place […]

Tone at the Top: Are you feeding your employees the right messages when it comes to fraud?

I recently heard a fable involving an elderly Native American warrior teaching a life lesson to his grandson. He said, “A fight is going on inside me.  It is a terrible fight and it is between two wolves. One is evil – he is anger, envy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, […]

How will the New Lease Accounting Standard Affect Your Debt Covenants?

After a long wait, the Financial Accounting Standards Board (FASB) approved the new lease accounting standard (Accounting Standards Update 2016-02 “ASU 2016-02”) in February 2016. For public companies, reporting requirements will come into effect for years beginning after December 15, 2018.  For all other businesses, these requirements will take effect for fiscal years beginning after […]

Washington Department of Revenue Annual Tax Incentive Reports and Surveys – New May 31 Due Date

Taxpayers taking advantage of any one of the available State of Washington tax incentives – including tax deferrals, reduced B&O tax rates, exemptions, and credits – may be required to file an Annual Report or Annual Survey. Some incentives require that both the report and the survey be filed, while other programs do not have […]

The Combined Reporting Trap for California Real Property Holders

Owners and managers of multiple entity businesses holding California real estate investments may be surprised to learn that laws written almost 100 years ago can have a dramatic impact on their taxes. In the 1930s, California implemented special reporting rules for multiple entity business models.  The rules, reportedly targeting the movie industry because profits from film […]

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