Blog Archives: 2020

FASB Issues New Presentation and Disclosure Requirements for Gifts-in-Kind

On September 17, 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-07, Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets.

 » Read more

King County Offers Payment Plan for 2020 Property Taxes

The King County Treasurer’s Office has informed taxpayers that, despite extending the April 30th payment deadline for first-half 2020 property tax bills, it will not extend the October 31st payment deadline for second-half 2020 property tax bills.

 » Read more

Tax Relief to Help Employees with COVID-19 Expenses

COVID-19 has upended our daily lives, and many companies are searching for ways to aid their employees through the ongoing challenges of the moment. Thankfully, there is a little-known tax provision (IRC Section 139) which provides for disaster relief payments that can help employers support their workers.

 » Read more

Annual B&O Tax Apportionment Reconciliation Due October 31st for Washington State

For business and occupation (“B&O”) tax purposes, taxpayers earning apportionable revenue calculate their taxable Washington revenue by applying a “receipts factor” apportionment methodology. Taxpayers computing B&O tax in this manner are required to complete and file an Annual Reconciliation of Apportionable Income form with the Department of Revenue.

 » Read more

Washington State DOR Guidance on PPP Loan Forgiveness

April 8, 2021 Update: The Legislature has enacted a specific exemption from the B&O tax for qualifying grants received on or after February 29, 2020. Read more here

 » Read more

Media Contact

Lindsay Rose
Marketing Senior Manager
Clark Nuber
Contact Lindsay

Blog Archives

  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013