Articles: Corporate & Business Law

Think Twice Before Reimbursing Your Employees

Posted on December 4, 2019 by Konrad Miernowski

Under the recent Tax Cuts and Jobs Act (“TCJA”), as of January 1, 2018, employees are no longer able to deduct unreimbursed employee business expenses on their individual tax returns for tax years 2018- 2025. Previously, any qualified expenses that employees incurred while on the job could be deducted on their individual tax return subject Read more >

Opportunity is Knocking

Posted on April 3, 2019 by Konrad Miernowski

Many of us may already be aware that the Tax Cuts and Jobs Act (TCJA) has significantly cut corporate tax rates, slightly cut individual tax rates, provided a jump in the standard deduction and implemented a host of other tax law changes for both individuals and businesses. However, there has been little attention given to Read more >

Sales Tax Developments

Posted on October 10, 2018 by Konrad Miernowski

Overview On June 21, 2018, the Supreme Court decided South Dakota v. Wayfair. This pivotal sales tax case allows states to impose sales tax obligations on out-of-state businesses that have no physical presence in the state.  Previously, a business had to have some sort of physical presence in the state, such as an employee working Read more >

Real Estate Excise Tax Developments

Posted on October 13, 2017 by Andrew Goodrich

Several recently released cases from the Washington Department of Revenue Administrative Review and Hearings Division provide a good reminder about the reach of the department to collect real estate excise tax (REET) on the transfer of real property. In the first case (Det. No. 16-0350), the petitioner limited liability company transferred a controlling interest in Read more >

Taxation of Corporate Director Fees

Posted on July 6, 2017 by Andrew Goodrich

A Special Notice, dated May 24, 2017, from the Washington State Department of Revenue has provided further clarification regarding Business & Occupation (“B&O”) tax and corporate director fees earned within and without the state of Washington. The Notice makes it clear that all compensation received for services rendered as a corporate director may be subject to Washington Read more >

More Than a Name: The Legal Reality of Hiring Independent Contractors

Posted on March 24, 2017 by Lasher Holzapfel Sperry & Ebberson

The Huffington Post recently ran the headline “Why We’re All Becoming Independent Contractors.”{http://www.huffingtonpost.com/robert-reich/why-were-all-becoming-independent-contractors_b_6731760.html}. The article recounts that GM and Uber are valued at $60 billion and $40 billion respectively, but that GM has over 200,000 employees while Uber has a paltry 850 employees. Uber has a simple, but concerning, explanation for this discrepancy – Uber’s Read more >

New Regulations on Foreign-Owned Single-Member Limited Liability Companies

Posted on February 13, 2017 by Andrew Goodrich

In mid-December 2016, the U.S. Treasury Department issued final regulations affecting all foreign-owned single-member limited liability companies. While these regulations have the potential to increase transparency with respect to the movement of foreign funds, they impose new burdens on the foreign owners of U.S. LLCs. Prior to these final regulations going into effect, the ownership Read more >