Posts by Ally Loyd
Why Filing a Tax Return Extension Can Be a Smart Move
As the April tax deadline (or May 1st deadline for many taxpayers in Washington this year) approaches, many taxpayers feel pressure to file quickly—sometimes before all information is complete. While filing early works well for some, requesting a tax return extension can be a prudent and strategic decision for most. An extension is not a…
Read MoreWashington State’s New Luxury Motor Vehicle Sales Tax
Client Alert – Effective January 1, 2026 Beginning January 1, 2026, Washington State imposes a new luxury motor vehicle sales tax on high-value vehicle purchases and leases. Enacted under Engrossed Substitute Senate Bill (ESSB) 5801, the tax applies in addition to existing state and local sales taxes and significantly increases the cost of acquiring certain…
Read MoreFinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons, Sets New Deadlines for Foreign Companies
Immediate Release March 21, 2025 WASHINGTON––Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act. In that interim final rule, FinCEN…
Read MoreTrump Administration Announces $12 Billion Farmer Bridge Payments for American Farmers Impacted by Unfair Market Disruptions
(Washington, D.C., December 8, 2025) – President Donald J. Trump alongside U.S. Secretary of Agriculture Brooke L. Rollins, U.S. Secretary of the Treasury Scott Bessent, Senate Agriculture Committee Chairman John Boozman (AR), Senator Deb Fischer (NE), Senator John Hoeven (ND), Representative Austin Scott (GA), and farmers from Arkansas, Iowa, Indiana, Kansas, Louisiana, Pennsylvania, Ohio, and Texas…
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