State Budget Plan Includes Tax Increase on Services

Among the patchwork of $800 million in tax increases passed by the Legislature is a temporary (theoretically) increase in the B&O tax on service businesses. For any business for which the current 1.5% B&O rate applies (including engineers architects attorneys and accountants) the rate wi...
Posted on: 04/14/2010

Can Your Firm Take Advantage of New HIRE Tax Incentives?

From AGC of America: The President signed into law the Hiring Incentives to Restore Employment (HIRE) Act that provides incentives for businesses to hire new employees and invest in property and equipment. The HIRE Act includes two new temporary incentives for employers to expand their workforc...
Posted on: 03/30/2010

Legislation Could Increase Unemployment Insurance Taxes Yet Again

(Editor’s note: How much have your UI rates gone up? Legislators have asked AGC lobbyists for real-world impacts on both large and small companies. Please take a moment to share this info – the amount of recent increases plus any broader impact on your firm – to Christine Swanson 360-352-5000. Th...
Posted on: 02/09/2010

Unemployment Insurance Tax Changes for 2010

By Christine Swanson AGC Government Affairs Manager During the week of December 7 the Employment Security Department started mailing tax notices for 2010. Unfortunately tax rates will rise in 2010 for many employers. The average tax rate in 2010 will be 2.38 percent up from 1.55 percent in 2009....
Posted on: 12/22/2009

Get Help with Tax Issues - Including Reseller Permits - From DOR

(Editors Note: Last month AGC held a “brown bag seminar” on the new sales tax/reseller permit law with the help of Linda Miller Baldwin and John Wack of the Department of Revenue. At that event it became clear that there was confusion about the role of DOR’s Taxpayer Services Division which provi...
Posted on: 09/28/2009

Sales Tax Collection System for Construction Re-Written by SB 6173

SB 6173 would eliminate the use of Resale Certificates that exempt contractors from paying sales tax on purchases for most construction projects and require contractors to pay sales tax up front and then make a claim later for a credit from the State. AGC members are encouraged to IMMEDIATELY co...
Posted on: 04/16/2009

SB 6169 Expands Personal Liability for Wider Array of Taxes

Legislation was introduced legislation that would expand personal liability for a wider array of taxes paid by businesses. The bill was introduced yesterday (April 15 ironically tax day) with a hearing held at 8 a.m. the next day. Under current law certain corporate officials and employees can ...
Posted on: 04/16/2009