Written by Peterson & Associates
Payroll Tax Information for Washington Employers 2022
DEPARTMENT OF LABOR AND INDUSTRIES This tax is assessed on hours worked, not wages paid. There are two components that make up the total: 1)…
Written by Peterson & Associates
Multnomah County & Metro District: New local taxes
There are two new local income taxes beginning in 2021. They affect individuals who live or work in the Metro District (greater Portland area) and…
Written by Peterson & Associates
Employee Retention Tax Credit – Employers Only
Congress originally enacted the employee retention tax credit in the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March of 2020 to encourage employers…
Written by Peterson & Associates
Child Tax Credit Advance Payments
The IRS is making changes to the Child Tax Credit and qualifying families will receive advance payments of the Child Tax Credit starting this summer….
Written by Peterson & Associates
New LTC benefits for WA residents
Washington State passed a new law to establish public long-term care benefits for residents called “WA Cares.” The program will be paid for by a…
Written by Peterson & Associates
IRS Delays Due Date for Individual Tax Returns
IRS Announces Delayed Due Date for Individual Tax Returns – This extension ONLY applies to individual returns. Business, trust & estate returns are still due April 15. The…
Written by Newt Rumble
Non-resident Wage Allocations for 2020
Washington residents who work for an Oregon employer may allocate their wages for days worked in and out of Oregon. Income tax is due to…
Written by Newt Rumble
Payments Made to the IRS
We have had an unusual number of clients who have made payments to the IRS this year of which the IRS has not cashed the…
Written by Newt Rumble
Attention Employers: Employee Payroll Tax Withholding Deferral
[Note: The IRS has confirmed that participation in this program is optional. If there are additional developments, we will update this post. ] The IRS…
