Article Archives: Bob Heller

Posted by: Bob Heller

Earlier this year, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-08, Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. In issuing the guidance, the FASB noted that many not-for-profit organizations have trouble characterizing grants and similar agreements as either exchange contracts or as contributions for purposes […]

Posted by: Bob Heller

In a momentous decision that is likely to have far-reaching effects on retail commerce, the Supreme Court ruled 5-4 that states may require remote sellers (those without any physical presence) to collect and remit sales tax on sales to in-state residents and businesses. Although the Court’s choice to overturn 51 years of precedent was not […]

Posted by: Bob Heller

Taxpayers who do business both inside and outside of the State of Washington, and who earn revenue from performing services or licensing intangibles, are now required to complete an Annual B&O Tax “Reconciliation of Apportionable Income.” The form must be submitted to the Department of Revenue by October 31st of each year. Failing to file […]

Posted by: Bob Heller

By Bob Heller, JD, LLM It is common practice for nonprofit organizations to hold fundraisers to support the organization’s exempt purpose. But in a state such as Washington, which does not have an outright tax exemption for nonprofit organizations, the question becomes, what are the tax consequences to the fundraising organization? Washington taxes apply broadly […]

Posted by: Bob Heller

By Bob Heller, JD, LLM Figuring out when and how a supplier should collect sales taxes in a drop shipment transaction is often a bewildering task. Generally, sales for resale are not subject to state and local sales taxes – provided that a purchaser supplies proper exemption documentation. As a result, wholesalers who deliver taxable […]

Posted by: Bob Heller

By Bob Heller, JD, LLM For those in the nonprofit community with activities in Washington, it often bears repeating that there is no general nonprofit exemption from the State’s business and occupation (“B&O”) tax. The B&O tax is a tax imposed on gross revenue for the privilege of doing business. The State’s definition of “business” […]

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 […]

Posted by: Bob Heller

By Bob Heller, JD, LLM Is your company leaving money on the table because you are unaware of available tax incentives? If your business is involved in high-tech, aerospace or manufacturing, among other industries, you could be. This year’s Legislature passed several new tax incentives intended to help the state grow and attract new business […]

Posted by: Joe Haberzetle · Bob Heller

By Joe Haberzetle, JD, LLM and Bob Heller, JD, LLM In recent years the Washington Board of Tax Appeals has developed a reputation as a difficult venue for taxpayers to achieve positive results, particularly with respect to excise tax and property tax exemption issues. However, the Board’s recent decision in St. Andrews Building Corporation v. […]

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