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Month: January 2021

Washington State and Federal Tax Exemptions

The Washington State estate tax exemption (“WA Exemption”) has not changed in the last couple of years and remains at $2,193,000 per person in 2021. The WA Exemption is supposed to be indexed for inflation; however, the index that was used prior to 2018 no longer exists. If the law is ever changed . . .

Employee Versus Independent Contractor – Final Rule Announced

 On January 6, 2021, the U.S. Department of Labor announced a final rule that is intended to clarify the standard for employee versus independent contractor status under the Fair Labor Standards Act (FLSA). The effective date of the final rule is March 8, 2021. This rule streamlines the test . . .

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