Recent News

For more than a month now, Washington State’s construction industry has felt the pain of restrictions and prohibitions which shut down vast swaths of industry activity following Governor Jay Inslee’s Proclamation 20-25, known as the “Stay Home- Stay Healthy” order.  On April 24, 2020, the Governor made a monumental announcement that, following weeks of negotiations,… Read More

In response to the financial impact of COVID-19 on small businesses, the City of Seattle previously committed $2.5 million in federal Community Development Block Grants to create the Small Business Stabilization Fund.  After receiving applications by March 25th, the City of Seattle selected 250 eligible small businesses through a lottery and awarded each of them… Read More

David C. Tingstad & Per E. Oscarsson will discuss the latest information on the SBA PPP Loan Program. Anne B. Bennette will cover issues with pending dissolutions during COVID-19 (i.e. the value of property, effect on retirement, the economic positions of each spouse, etc.) Read More

As part of the response to the COVID-19 pandemic, many counties in Washington State have extended deadlines for payment of property taxes.  For example, King, Snohomish, Pierce, Thurston, Whatcom, and Pacific counties have extended the due date for the first half of property taxes for 2020 from April 30th to June 1st.  However, not all counties… Read More

On March 27, 2020, the federal Coronavirus Aid, Relief, and Economic Stimulus Act (the CARES Act) was signed into law.  Part of the CARES Act provides for direct payments, called Economic Impact Payments, of up to $1,200 per adult and $500 per qualifying child under 17 depending upon family income.  Many people will receive their… Read More

New PPP funds are about to be available.  If you did not receive funds from the first round, here is what you should be doing now: If you submitted an application to your bank, but it was not approved before funding was exhausted: Ask your bank whether you should submit a new application, or will… Read More

The U.S. Senate passed a $484 billion deal Tuesday to replenish the SBA loan programs that have been overrun by demand. The package would increase funding for the PPP by $310 billion. It also includes $60 billion to help the depleted SBA emergency grant and loan program, $75 billion for hospitals, and $25 billion for… Read More

In response to the financial impact of the COVID-19 virus, Washington State has delayed payment deadlines for the Business & Occupation (B&O) tax owed by small businesses.  Specifically, those who file monthly returns can request an extension from the Department of Revenue, while quarterly filers have an automatic extension to June 30, 2020 for their… Read More

On April 6, 2020, I posted a blog discussing Emergency EIDL Grants to small businesses, which can be found here.  This more recent post serves to provide an update. On March 27, 2020, President Trump signed into the law the CARES Act. The Act authorizes the Small Business Administration (“SBA”) to provide Emergency EIDL Grants… Read More