Tax & Accounting Blog

Natural Disasters: A Trigger for Tax Changes

Natural Disasters: A Trigger for Tax Changes

Natural disasters will unleash a chain reaction of challenges causing economic disruption and difficulties.  Governments typically react by increasing certain taxes on a temporary basis in order to create extra funding for medical supplies, food, shelter and other basic services in the affected areas and eventually, to address the reconstruction process of damaged public and … Read More

Popular Washington Sales Tax Exemption Threatened by New Initiative

Popular Washington Sales Tax Exemption Threatened by New Initiative

If a recently introduced initiative passes, southwest Washington’s ability to lure Portland-area consumers may be threatened. Currently, Washington sellers may waive state and local sales taxes for residents of states (including Oregon, Montana, and Alaska) that either don’t levy a sales tax or levy a sales tax of less than 3%. According to a … Read More