Article Archives: Bob Heller

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.

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Overview

Healthcare organizations across the United States face unique complexities regarding state taxes when doing business in Washington. Unlike most states, Washington does not impose an income tax on businesses.

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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.

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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.

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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.

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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,

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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,

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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.

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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;

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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,

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