You can get 100% bonus depreciation on tangible personal property assets you purchase and place into service after January 19, 2025. That seems … [Read more...] about The Section 168(k) Bonus Depreciation Purchased Requirement
Changing Your Washington State Residency
Okay, first point, if you want to change your residency or domicile from Washington state to some other state? That’s a question you answer with the … [Read more...] about Changing Your Washington State Residency
The Washington Estate Tax Income in Respect of Decedent Problem
Washington state’s estate tax hits only a small percentage of the state’s decedents. (The threshold for paying tax is $3,000,000, and though the data … [Read more...] about The Washington Estate Tax Income in Respect of Decedent Problem
Planning for the 35% Washington State Estate Tax
Note: In March of 2026, the Washington State Legislature passed Engrossed Senate Bill 6347 which revokes the 35% estate tax and returns to a 20% … [Read more...] about Planning for the 35% Washington State Estate Tax
Washington State Professional Services Sales Tax
Starting October 1, 2025, Washington State levies a sales tax on many, maybe most, business professional services. Thus, if you’re a business … [Read more...] about Washington State Professional Services Sales Tax
Washington’s Qualified Family-Owned Business Interest Estate Tax Deduction: Updated for 2025
Washington state taxes the estates of high-net-worth residents and high-net-worth nonresidents who own property in the state. The tax rates start at … [Read more...] about Washington’s Qualified Family-Owned Business Interest Estate Tax Deduction: Updated for 2025
The New Big Beautiful Section 199A Deduction
The Big Beautiful Tax Bill, which the U.S. Congress is currently working to pass, changes the popular Section 199A deduction. At this point, whether … [Read more...] about The New Big Beautiful Section 199A Deduction
Washington State Estate Tax Calculator (2025 Version)
In mid-2025, Washington adjusted its state estate tax for estates created on or after July 1, 2025. The new version uses a larger, inflation adjusted … [Read more...] about Washington State Estate Tax Calculator (2025 Version)
Nate Silver On the Edge: Actionable Insights for Entrepreneurs
I read Nate Silver’s On the Edge on a recent trip to the California desert. The book isn’t really about entrepreneurship or small business ownership … [Read more...] about Nate Silver On the Edge: Actionable Insights for Entrepreneurs
Deep Work Tax Deductions
On a recent vacation, I read Cal Newport’s book, “Deep Work.” Which got me thinking about tax deductions for deep work. Newport’s ideas have great … [Read more...] about Deep Work Tax Deductions