Developing News: 2015

My husband and I just opened our first restaurant, and we were very excited to hear the IRS came out with a new tax regulation that would actually benefit us.  The new rule allows private companies to increase the de minimis safe harbor threshold from $500 to $2,500 for companies without audited financial statements. In other words, […]

Preparing for the Tacoma Paid Leave Ordinance

Do you have employees who work within the City of Tacoma? Effective February 1, 2016, Tacoma’s Paid Leave Ordinance becomes effective for all employees who work over 80 hours in a calendar year within the Tacoma city limits. Employers under this ordinance will be required to provide 1 hour of paid leave for every 40 […]

Recently, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2015-11 on simplifying the measurement of inventory. The purpose of the update was to: Reduce cost and complexity Provide users of financial statements more comparable information Increase convergence to IFRS. What’s changed, and what hasn’t The primary provision of the amendment is to change […]

Three Common Myths About Saving Money

With recent news articles about the Euro, downturns in the Chinese stock market and potential inflation, many clients are nervous about their portfolios. Now is a great time to take an objective look at some common myths about saving money. Myth #1 – Cash is safe Reality check:  Money market, savings accounts, T-bills, and cash […]

But There Are Some Winners, Too By now you’ve probably read or heard about the brinksmanship leading up to the enactment of the State of Washington’s operating budget for the 2015 – 2017 biennium. The $38.2 billion budget was passed by the legislature in the wee hours of the morning of June 30, and signed […]

March Madness- the Time to Focus on Benchmarking

The NCAA March Madness basketball tournament is an exciting time of year, where athletes compete at the highest level against long-time rivals. It is the time for teams to match their skills against their competition and vie for the opportunity to cut down the net. It’s not too late for companies to hold their own […]

I recently read a couple of articles that caught my attention because they highlighted the important responsibility employers have in management oversight of their sponsored retirement plans. One lawsuit was recently settled for $62 million, in which the employees accused the employer of mismanaging their 401(k) plan. The lawsuit stated that the employer hid excessive […]

Lessons Learned in Obtaining CMBS Financing

Hotel development is on an upswing in the Seattle area  ̶  more than 1,200 rooms are currently under construction with many more planned. There are several factors contributing to the development: tourism growth, increase in hotel room demand and the improved lending environment. To capitalize on this growth, one of our firm clients recently obtained […]

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