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Washington Capital Gains Tax Update

TrustBank

You may recall that in 2021 Washington state passed legislation to implement a 7% capital gains tax on certain asset sales, with the tax applying to profits that exceed $250,000. The assets subject to this tax are, in general, stocks, bonds, business interests, and tangible property, but not real estate.

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AICPA Wants To Exclude Some SMB Tax Shelters

PYMNTS

The American Institute of CPAs (AICPA) has asked the Internal Revenue Service (IRS) to exclude some small businesses (SMBs) from being treated as tax shelters. The letter went on to explain that an SMB that meets the definition of a syndicate would instead be treated as a tax shelter.

Taxes 135
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Preparing to execute well this tax season

Abrigo

Likewise, accountants each year experience a tax season that requires detailed planning and precise execution. One way to organize those efforts as tax season approaches is to think of your planning in terms of three general areas: capacity, communication and conclusion.

Taxes 150
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Personal Capital Review: Free Tools and Paid Wealth Management

MyBankTracker

Personal Capital is an online wealth management concept that started in 2009. billion in assets under management with over 24,200 clients. Today, Personal Capital offers two sets of tools depending on whether you pay for their services or not. How Do Personal Capital’s Free Tools Work? This is done securely.

Tools 52
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How Bookkeeping Capitalizes On Young, Digital-First SMBs

PYMNTS

An entrepreneur who opens a coffee shop or launches a FinTech startup isn’t in business to crunch numbers and file taxes. Yet, the burden of financial management, from tedious data entry to compliance challenges, is a nonnegotiable part of starting a small business (SMB). “In retrospect, it was a big mistake.

Capital 154
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CRE loan distress: Spot the symptoms, diagnose, and treat problem loans

Abrigo

Consequently, all stakeholders of CRE assets are understandably nervous, including bankers and their investors who, due to the highly leveraged nature of CRE transactions, provided the bulk of capital financing the industry. Learn more about managing CRE loan distress. Failure to sustain adequate insurance coverage.

Strategy 221
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Disaster-Proof Spend Management Solutions — For When Disaster Strikes

PYMNTS

As such, they can struggle to organize flight bookings, handle payments, manage trip expense records and more. The February Workforce Spend Management Tracker , a collaboration with PEX , tracks how solution providers are seeking to bridge this gap to meet the business travel expense management needs of SMBs and freelancers.