Gift and Estate Tax Savings: How Getting a Valuation Now Can Save You Later

How The Doty Group can increase your savings on tax and professional fees when carrying out your gift and estate planning

Business Owners, From The Doty Group, Individuals, ServicesAidan HeltNovember 14, 2019The Doty GroupValuation, Valuation Discounts, Gift and Estate Tax Valuation, Litigation and Valuation Services, Shelley Drury, Gifting, Minority Ownership Interests, LLCs, FLPsComment

Highlights to Section 162: Tax-Deductible Business Expenses

CPA Catalin Clarke examines what makes a business expense tax-deductible, highlighting some key items to be aware of.

Business Owners, From The Doty Group, Individuals, ServicesCatalin Clarke, CPANovember 13, 2019The Doty GroupSection 162, Ordinary and Necessary, Business Expenses, Catalin Clarke, Tax, Tax PlanningComment

Washington State Department of Revenue Issues Special Notice for Businesses That Use Commercial Vehicles

Beginning January 1, 2020, the Washington tax credit against the business and occupation tax and public utility tax for clean alternative fuel commercial vehicles has been expanded.

Business Owners, ServicesThe Doty GroupNovember 11, 2019Washington STate, Business and Occupation Tax, Alternative Fuel Commercial VehiclesComment

IRS: Veterans Who Own Small Businesses Can Follow The IRS On Their Smart Phones

Veterans can connect on social media to the IRS in order to stay in the loop regarding tax issues.

Business Owners, IRS NewsAidan HeltNovember 5, 2019IRS, Social Media, Small Business, Business OwnersComment

IRS: Tax Treatment for Family Members Working in the Family Business

When including family members in business operations, certain tax treatments and employment tax rules apply.

Business Owners, Individuals, ServicesThe Doty GroupOctober 24, 2019Family Business, Employers, Family OfficeComment

FASB Approves Proposed Effective Date Delays at October 16 Meeting

The Financial Accounting Standards Board approved its 08/19 proposal to grant certain organizations various effective date delays on its credit losses, leases, and hedging standards.

Business Owners, ServicesThe Doty GroupOctober 18, 2019Lease Accounting, Credit Loss Standards, Lease Accounting Standards, FASB, Financial Accounting Standards Board, Private Companies, NonprofitComment

Free Week of Legal Advice for WA Artists

Washington Lawyers for the Arts is hosting a week-long pro bono telephone clinic where artists and arts professionals in WA can get free advice related to their legal issues.

Business Owners, Community, Our PartnersSarah GrayOctober 18, 2019Community, Lawyers, Legal AdviceComment

AICPA Submits Recommendations to IRS on Tax Reform Administrative Relief for Section 965 Elections and Transfer Agreements

The AICPA has submitted comments requesting relief with respect to late or incomplete elections under section 965(i) and late or incomplete transfer agreements under section 965(i)(2).

Business Owners, IRS News, Tax ReformThe Doty GroupOctober 4, 2019AICPA, Section 965, Transition Tax, Foreign EarningsComment

IRS: Free Webinars Cover Foreign Tax Credit and Taxes for People Working Abroad

IRS offers webinars to help small businesses and other employers answer their tax related questions.

Business Owners, IRS News, ServicesThe Doty GroupSeptember 25, 2019IRS, Webinars, Businesses, Employers, Tax, International Business, International Tax, Foreign Tax Credit, Immigration Law, Residency Status, Tax Rules, Dual-Status, Foreign Earned Income ExclusionComment