Written by Peterson & Associates
Key 2025 Washington Tax Law Changes
The Washington Legislature enacted a broad tax reform package in May 2025. The following provisions are relevant to service providers and businesses: Sales Tax Expansion:…
Written by Peterson & Associates
Rental Law Changes: What WA Landlords Should Know
Effective May 8, 2025, Washington State enacted House Bill 1217 (HB 1217), introducing statewide rent control measures. Property owners should be aware of the following key…
Written by Peterson & Associates
B&O Tax Changes for Businesses
In May 2025, Governor Bob Ferguson enacted a package of tax legislation that includes substantial revisions to the state’s Business and Occupation (B&O) tax. The…
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Congress originally enacted the employee retention tax credit in the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March of 2020 to encourage employers…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…
