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Beware of Stimulus Payment Scams

Posted by Sweeney Conrad on Mar 31, 2020 6:03:19 PM

The recently released CARES Act stimulus package will be providing relief for individuals and small businesses, in light of the COVID-19 pandemic. However, individuals and businesses should be aware of an increased number of scams targeting them related to the package.

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Topics: COVID-19

King County Postpones Payment Deadline for Individual Property Taxpayers to June 1

Posted by Sweeney Conrad on Mar 31, 2020 5:18:29 PM

March 30, 2020

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Highlights from the Stimulus Package – CARES Act

Posted by Emily Taibl on Mar 27, 2020 8:42:36 PM

March 27, 2020

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Topics: Tax, News, COVID-19

Families First Coronavirus Response Act- What Employers Need to Know

Posted by Emily Taibl on Mar 25, 2020 7:58:33 PM

Last week, President Trump signed the Families First Coronavirus Response Act, to provide relief for families amidst the global COVID-19 outbreak. The Act will be effective on April 2nd and as an employer, there are things you should consider for business planning and compliance in this evolving situation.

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Topics: Tax, COVID-19

Washington Department of Revenue Announces Relief Measures for B&O Tax in Midst of COVID-19 Pandemic

Posted by Emily Taibl on Mar 25, 2020 12:37:30 AM

Last week in response to the COVID-19 pandemic, the Washington Department of Revenue announced it will provide extensions for filing and payment of the business and occupation tax (B&O).

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4 Key Changes to Creating and Maintaining Employer-Sponsored Retirement Plans Brought About by the SECURE Act

Posted by Wende Wadsworth, CPA on Mar 4, 2020 5:58:47 PM

Last spring, the U.S. House of Representatives passed legislation that would have made sweeping changes to the nation’s retirement system - but this legislation, known as the SECURE Act, failed to make it through the Senate.

At the end of last year, however, supporters of the SECURE Act added its provisions to a spending bill. This will result in a number of key changes to the rules for creating and maintaining employer-sponsored retirement plans, including the following:

1. Lower barriers to offering multiple employer plans (MEPs). MEPs are retirement plans created by two or more businesses that are unrelated to each other. Starting in 2021, the rules allowing unrelated businesses to form an MEP will be relaxed, making it easier for small businesses to offer these plans to employees.

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Topics: Employee Benefit Plans

Giving Back: Our One Good Deed Referral Program

Posted by Emily Taibl on Feb 20, 2020 6:01:01 PM

At Sweeney Conrad, we feel extremely fortunate to be a part of such a vibrant, generous, and supportive community. To that end, in late 2016, we developed our One Good Deed Program to give back, thank our referral sources, and nurture our referral relationships.

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Topics: Sweeney Conrad Community, Sweeney Conrad Passion

Final Hardship Distributions Issued

Posted by Wende Wadsworth, Audit Shareholder on Feb 4, 2020 7:33:57 PM

In September, the IRS and the Treasury Department issued final regulations that make a number of significant changes to the rules that apply to hardship distributions from 401(k) and 403(b) retirement plans. These regulations respond to public comments that were made regarding earlier proposed regulations.

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Topics: Audit & Assurance, Employee Benefit Plans

Checklist: Preparing Your 2019 Documents for Tax Season

Posted by Tenly Krakoff on Jan 23, 2020 5:18:58 PM

It’s the end of January which means it is almost tax season.   At this point, tax documents have probably started showing up in your mailbox.  While it may seem like there is plenty of time, the sooner and more organized you can make your documents, the smoother the process will be.

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Topics: Tax

What You Need to Know: New Law Creates Workforce Education Investment Surcharge

Posted by Chris LeRoux, CPA on Jan 16, 2020 8:45:58 PM

This year on January 1, a new law put the Workforce Education Surcharge into effect. This means that a new three-tiered surcharge applies to the amount of tax payable under the Service and Other Activities B&O tax classification by businesses “primarily engaged” in one or more specific activities.

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Topics: Tax

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