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Updated February 15, 2018: This post, originally published on March 15, 2017, has been updated to include changes brought by the 2018 Tax Cuts and Jobs Act. These changes are preceded with the word “Update” and are in italics. Our high net worth clients often want to get their children interested in finance and investing […]

Among the many questions around tax reform, one question those in real estate might be asking is whether or not all business interest will be deductible. The answer to this question is likely, “yes.” However, under tax reform, starting in 2018, your interest expense may be limited to 30% of adjusted taxable income. Through December […]

Retailers making sales in other states (aka, remote sellers) have new use tax reporting obligations in some states where they are not obligated to collect sales taxes. Several states have new rules impacting remote sellers, including requirements that remote sellers must report to customers when use tax is due on a sale.  Remote sellers are […]

Washington state has long been home to iconic manufacturers. Whether they’re dealing in aerospace, wood products, medical devices or electronic gadgets, manufacturers contribute significantly to our state’s economy today. As part of our initiative to be a valued business partner to manufacturers, we have joined with our global alliance partners to gather valuable manufacturing benchmarking […]

This article by Marcel Schwantes references a statement by Warren Buffet about hiring practices. Mr. Buffet states that you should generally be looking for three things in job candidates: intelligence, energy, and integrity. However, if candidates don’t have integrity, you needn’t bother with the first two qualities. The concept of integrity also plays a major […]

COSO Series Articles Part 2 of 6: The following article is part two of a six-part series exploring the high-level basics of the COSO Integrated Internal Control Framework1. In this installment, we will address the Control Environment, which is the foundation of an effective organizational internal control system. COSO defines the Control Environment as the […]

On December 22, the President signed the U.S. federal tax bill into law. Therefore, as you prepare your year-end financial statements, you must account for the new law’s impacts to net income in 2017. Who’s Impacted by the New Law? The new law significantly impacts corporate tax strategies and cash flows. It will also impact income […]

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