Written by Peterson & Associates
New Cap on Gambling Loss Deductions Starts in 2026
The One Big Beautiful Bill Act (OBBA), signed into law on July 4, 2025, changes how gambling losses are treated for tax purposes. Starting with…
Written by Peterson & Associates
Permanent: No More Miscellaneous Itemized Deductions
The One Big Beautiful Bill Act (OBBA), signed into law on July 4, 2025, permanently eliminates miscellaneous itemized deductions from the federal tax code. These…
Written by Peterson & Associates
What the One Big Beautiful Bill Means for Your Taxes
On July 4, 2025, the federal government passed the One Big Beautiful Bill (OBBB)—a sweeping legislative package that reshapes tax policy for individuals and businesses alike….
Written by Peterson & Associates
Key 2025 Washington Tax Law Changes
The Washington Legislature enacted a broad tax reform package in May 2025. The following provisions are relevant to service providers and businesses: Sales Tax Expansion:…
Written by Peterson & Associates
Rental Law Changes: What WA Landlords Should Know
Effective May 8, 2025, Washington State enacted House Bill 1217 (HB 1217), introducing statewide rent control measures. Property owners should be aware of the following key…
Written by Peterson & Associates
B&O Tax Changes for Businesses
In May 2025, Governor Bob Ferguson enacted a package of tax legislation that includes substantial revisions to the state’s Business and Occupation (B&O) tax. The…
Written by Newt Rumble
Non-resident Wage Allocation for Hybrid or Remote Workers
Washington residents who work for an Oregon employer may allocate their wages for days worked in and out of Oregon. Income tax is due to…
Written by Newt Rumble
Congratulations to Newt Rumble!
Washington Society of CPAs honors J. Newton Rumble with Community Leadership Award Bellevue, WA (April 23, 2019) J. Newton (Newt) Rumble, CPA, of Vancouver, Wash.,…
