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November 6, 2019

Latest News

Washington LTC Tax Withholding Begins July 1st

The new Washington State long-term care payroll tax will become effective starting July 1, 2023. Employers will need to withhold premiums (0.58% of wages) for all Washington employees. Check out the official website for a detailed breakdown: https://wacaresfund.wa.gov/how-it-works
Washington State Capital Gains Tax

The new 7% tax on capital gains is in force for Washington residents. The Washington State Supreme Court has ruled that this tax on capital gains is constitutional and valid. This tax will apply to long-term capital gains that exceed … Continued

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Linda Haeckel
Controller
Pacific Western Lumber, Inc.