Saturday, May 24, 2025
Finance

Who has to pay the Washington state capital gains tax?

Tax season might be behind us, but it doesn’t mean it’s a good idea to stop tax-planning. Most people have heard about the Washington state capital gains tax but don’t actually know …

Business sale steps

Selling anything more than a hot dog stand is a significant business undertaking that typically requires months of preparation and execution. While there's no single, prescribed path, the following …

Worried about stock market volatility? Get these financial basics right first

Over the past month, the market has seen some serious volatility. The stock market can be a rollercoaster—one day it’s up, the next it’s down, and headlines love to keep us on edge …

Long-term care planning starts with financial planning, not trusts

Often, folks want to protect hard earned assets from the costs of healthcare as they age. They fear expensive assisted living and nursing home care costs. Though the fears are well founded, the first …

Business Owners: Are you taking advantage of these deductions?

It’s that time of year again - time to gather your tax documents. If you are an employee, your tax return might be relatively simple. If all you have is a form W-2, you aren’t able to …

Prenups Aren’t the Buzzkill Marrying Couples Think

Couples are often wary to bring up the dreaded P word when discussing their nuptials. After all, who wants to ostensibly discuss a divorce when there is an impending marriage to consider. Oftentimes …

How to sell a rental property without paying taxes

Are you tired of dealing with the terrible T’s – Tenants, toilets, and trash? Rental properties have historically been excellent investments. But there comes a time for many …

Remember lending basics before being lured by the promise of guaranteed interest

Have you ever been given an opportunity to loan someone money at an attractive interest rate?  Driven by the prospect of higher “guaranteed” returns, prospective lenders sometimes …

Don’t forget to use QCDs for your RMDs

The end of the year marks the time when many people are doing two things simultaneously. First, they are deciding how much (or how much more) they can afford to give to their favorite charities …

Are you going to pay the death tax?

Death and taxes. I’m sure you’ve heard the saying. Those are two things that are unavoidable. And since this is a business journal, I’ll spare you the solution I found for getting …

Tax planning ideas to consider before year end

Most people aren’t thinking about taxes in December, unless it’s the tax they’re spending on Christmas gifts or airline tickets. But while December is a great month for gift giving …

Charitable giving in your will: Simple numbers vs. complex percentages

Many people desire to tithe both during life and after death. Accordingly, giving 10% of their estate to their church (or other charity) is often a goal for a couple contemplating estate planning. …

Use retirement accounts to give to charity in your estate plan

Whether you know it or not, your “estate” is comprised of different assets with different attributes. Some of your assets will be governed by your will, while others will be governed by …

What is a Backdoor Roth IRA, and Why is it Legal?

A Backdoor Roth IRA is a strategy that helps high-income earners receive the benefits of a Roth IRA, even if they exceed the income limits for contributing to a normal Roth IRA. Roth IRAs are …

Protecting your address is possible, but complicated

In the world of property privacy planning, it would be nice if a single solution existed to protect a person and his or her assets from the preying eyes of the rest of the world. Some seek privacy to …

What investors should know about dropping interest rates

On Wednesday, September 18, the Federal Reserve announced a pivotal decision to reduce interest rates by 50 basis points, or ½ of a percent. This move comes after rates had reached their …

SPOKANE — STCU announced Tuesday it has entered into an agreement to acquire Community Bank, expanding its presence into northeastern Oregon and southeastern Washington. The purchase and …

Bonds: A Wise Choice for a Diversified Portfolio

When interest rates go up, bond prices go down. I still remember my finance professor hammering that concept into my brain through endless repetition. Now, looking back, it makes more sense because …

Is an installment sale preferable to all cash at closing?

Let’s assume you are ready to sell your business and you are reviewing two competing offers, both compelling in their own way. The first offer is for an all-cash payment at closing for $1M …

Debt: A burden worth avoiding

Most people don’t plan to go into debt. Unfortunately, many people don’t have a plan to stay out of debt either. As a result, debt often sneaks in through the allure of instant …

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