By Beau RuffAt death, there is a little-known tax benefit that the federal government provides. It is an adjustment to tax basis and it can have a profound effect on the taxation of the assets owned at death. This column discusses two kinds of taxes that apply at death: the...
Six longtime farmers and agriculture advocates will be inducted into the Mid-Columbia Agriculture Hall of Fame this year.They will be honored Jan. 17 at the Pasco Red Lion during an awards dinner and ceremony presented by the Pasco Chamber of Commerce and Port of Pasco.This is the 19th year Hall...
By Kevin AnthonyRandy Johnson is big on challenges.It’s why the owner of RX Pharmacy on the Kadlec campus in Richland jumped right in as a pharmacist and store manager straight out of college.It’s why he went from working behind the counter for one of the biggest chains in the nation...
Barb Fangman and Scott Williams had seen how most accounting firms do business — and they wanted something different.And it’s been working. Barb FangmanThe owners of Insight Accounting Solutions have seen their Richland company — which Fangman started in 2012 — grow.“We are experiencing 50 to 70 percent growth a...
By Kris JohnsonOn a map, the distance from our Washington to the “other” Washington looks so far away. But, policies being made and debated there hit us here in Washington state.Take trade policies, for example. Kris Johnson, Association of Washington BusinessAs one of the most trade-driven states in the nation,...
Gov. Jay Inslee’s proposed capital gains tax has dominated the headlines. But his less-ballyhooed proposal to increase business-and-occupation taxes might have a bigger effect on the Tri-Cities, while having a greater impact on the state budget.These two tax proposals, plus a proposed study on removing the four lower Snake River dams,...
The state's Employment Security Department has received unemployment benefits applications from about 1,000 workers since the beginning of the partial government shutdown last month.The applications include furloughed workers and those who were laid off for other reasons.Federal workers furloughed due to the shutdown may apply for unemployment benefits while they...
Small business owners can learn about Washington excise taxes, reporting classifications, deductions, sales tax collection and record-keeping requirements during a free webinar on Jan. 9.The state Department of Revenue is offering a free live training session for new and small business owners from 10 to 11 a.m.A facilitator will answer...
The Kennewick Sears store steered clear of three national closure lists this year but its luck has run out.The most recent list of 80 store closures includes the one at Columbia Center mall. The closure also affects Sears Auto Center, which will close in January, according to the company.All affected...
The standard mileage rates for using a car for business purposes will be going up in the new year.The Internal Revenue Service's 2019 optional standard mileage rates -- which also apply to vans, pickups or panel trucks -- are used to calculate the deductible costs of operating an automobile for...
