Puget Sound Business Journal Article by BPM’s John Hayashi and Jeff Mock
Whether you call it the “JumpStart Seattle” tax or the “boss tax,” Seattle is now taxing its large businesses – like Amazon – and business leaders with high salaries. It is a move that other cities – like San Francisco and Denver – with a large base of tech-based or high-grossing companies are making to capitalize on the trends that are transforming their population.
BPM Managing Director John Hayashi, who specializes in State and Local Taxes (SALT), and BPM’s Jeff Mock, who leads the Firm’s Seattle regional office, talk about this new tax in a recent issue of the Puget Sound Business Journal.
About BPM’s State and Local Taxes Services
State and local taxes comprise a huge portion of a company's tax burden. For companies that operate across multiple counties and states, compliance with these regulations represents a significant challenge as the process is both complex and time-consuming. And with the risk of penalties in the form of further costs, it is extremely important for a business to work with professionals in handling these taxes.
We stay abreast of the current state and county laws to help you start evaluating your tax strategies and help ensure you meet your tax obligations without paying more than you need to.
Learn more about BPM’s State and Local Tax team on the BPM website.