Back in the 2021-2022 legislative session, the Washington State Legislature passed ESSB 5096 (now codified at RCW 82.87), commonly known as the Washington State capital gains tax. This bill created a 7% tax on the sale or exchange of long-term capital assets such as stocks, bonds, business interests, or other investments and tangible assets. Challenges…

Audits can be scary for businesses, given the mystery surrounding these audits and the complex laws and regulations these agencies enforce. There are a few tips businesses can follow to make an audit go more smoothly.

The Washington Real Estate Excise Tax (“REET”) is imposed on the transfer of an interest in real property (fee, easement, extraction rights, etc.) for value or “consideration”.