The IRS increased the 2021 federal estate and gift tax exemption to $11,700,000, up from $11,580,000 in 2020. The IRS announced the increase, along with a variety of other adjustments, in Rev. Proc. 2020-45. This increase to the federal exemption…
Read MoreLast year, we published a new website with an updated firm logo and clean, modern design. Since then, we’ve modernized our firm name, updated our email addresses and signatures, and updated our formal letterhead. Why did the name change? The…
Read MoreRetirement accounts are often the most significant asset in an estate, yet in most cases, these assets pass outside the terms of our clients' testamentary documents. As a result, planners must take particular care to coordinate beneficiary designations with overall…
Read MoreOn Wednesday, September 16, 2020, the U.S. Department of Labor published new revisions to its Families First Coronavirus Response Act (FFCRA) regulations following a recent federal court decision that invalidated several regulatory provisions interpreting the FFCRA. In connection with the…
Read MoreOn August 8, 2020, President Trump issued a Memorandum entitled “Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster,” directing the Secretary of the Treasury to defer the withholding, deposit, and payment of certain payroll taxes. On August…
Read MoreThe COVID-19 pandemic presents a monumental change in the business insurance landscape. This includes the relationship between employees and employers. Inevitably, many employees will contract COVID-19 in the workplace. In such cases, Employers’ first questions will almost certainly be (1)…
Read MoreOn April 13, 2020, the Seattle City Council passed Council Bill No. 119766, which imposes commercial rent control and other protections for small businesses affected by COVID-19. The ordinance may have significant impacts for commercial landlords renting to small businesses…
Read MoreIn response to widespread economic slowdown caused by the Coronavirus, Congress passed the CARES Act, making $349 billion available for small businesses under a new program entitled the Paycheck Protection Program (PPP). Loans under the PPP are intended to provide…
Read MoreGeneral contractor liability has been a hot button issue for Washington courts recently. As explained in a previous blog post, the Washington Supreme Court issued an opinion last year that many thought narrowed jobsite liability for general contractors. Not so. …
Read MoreAs 'shelter in place' orders increase, business are turning to their insurance policies to cover losses incurred due to government ordered shutdowns.
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