Court Holds Washington Capital Gains Tax is a Constitutional Excise Tax On March 24, 2023, the Washington Supreme Court (in a 7-2 opinion) held that the controversial capital gains tax enacted by the Washington State Legislature in 2021 (SB 5096;…
Read MoreEarlier today, the Federal Trade Commission (FTC) unveiled a proposed rule that would largely ban employers from imposing noncompete restrictions on workers. The FTC’s proposed ban would extend to nearly all work arrangements - including to independent contractors, apprentices, interns…
Read MoreIn recently issued Revenue Procedure 2021-45, the IRS announced calendar year 2022 increases to the federal estate and gift tax exemption, and to the gift tax annual exclusion. The 2022 federal estate and gift tax exemption has been increased to…
Read MoreRetirement accounts are often the most significant asset in an estate, yet in most cases, these assets pass outside the terms of our clients' testamentary documents. As a result, planners must take particular care to coordinate beneficiary designations with overall…
Read MoreIn response to widespread economic slowdown caused by the Coronavirus, Congress passed the CARES Act, making $349 billion available for small businesses under a new program entitled the Paycheck Protection Program (PPP). Loans under the PPP are intended to provide…
Read MoreAs 'shelter in place' orders increase, business are turning to their insurance policies to cover losses incurred due to government ordered shutdowns.
Read MoreThe SECURE Act may impact existing estate plans, particularly for people who have named a trust as beneficiary of a retirement account.
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