Washington Business Considerations · Small Business Addendum

Washington has no traditional personal income tax but does have a capital gains tax on investment income above a threshold, a Business and Occupation Tax on gross receipts that applies to all business types including service businesses, a comprehensive Paid Family and Medical Leave program, and a Long-Term Care Trust Act payroll tax. This addendum covers the B&O Tax in detail, the capital gains tax, sales and use tax, the PFML and WA Cares Fund obligations, annual report filing, the state business license, registered agent requirements, and unemployment insurance. Written in plain English.

A companion to The Small Business Owner's Guide to Clean Books by Tidecount Financial Services.