Tax Cuts and Jobs Act

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President Signs Sweeping Tax Overhaul Into Law

The Tax Cuts and Jobs Act (H.R. 1) has been approved by Congress and signed by President Trump. After a last-minute procedural glitch that required the Senate to vote first on the final bill, the most sweeping change to the U.S. tax code in decades clear... read more...

Washington Business and Occupation Tax

Economic Nexus Thresholds Announced

The Washington Department of Revenue has announced that for calendar year 2017, the economic nexus thresholds applicable to apportionable activities for business and occupation (B&O) tax purposes will remain as follows: receipts threshold, $267,000; property threshold, $53,000; and payroll threshold, $53,000. Excise Tax Advisory No. 3195.2016, Washington Department of Revenue, December 19, 2016, ¶204-148 Source: Wolters Kluwer read more...