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Latest News

Tougher fraud penalties needed

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June 19, 2014
Don Brunell
Steal $200,000 from a bank, and you'll go to prison. Steal $200,000 from the taxpayers, and you'll probably get a slap on the wrist. A Chicago man was sentenced to more than seven years in prison for stealing $250,000 from a bank. In San Diego, a bur
Read More

Banks face some challenges in moving to the cloud

However, they potentially could reap major savings
June 19, 2014
Francis Tam
Cloud computing is changing the game for both large and small businesses. For many, cloud computing has received a lot of buzz because of its ability to decrease the costs associated with administering an on-site system, meaning less investment in informa
Read More

Bond investors should be preparing for volatility

Long-term rally could be coming to an end soon
June 19, 2014
Michael Maehl
For the last 30-plus years, it hasn't particularly mattered whether you owned bond funds or individual bonds. Helped by falling interest rates, they both delivered consistent income and a counterbalance to stock market volatility. But, with higher rate
Read More
—Katie Ross

Bank of America looks to build on loan growth in Spokane

Institution now employs about 350 people locally
June 19, 2014
Katie Ross
Bank of America Corp., the Charlotte, N.C.-based financial institution, increased its small business loans in Washington state by 22 percent last year and hopes to keep that momentum rolling, says Kurt Walsdorf, Spokane-based senior vice president and mar
Read More

Minimize risk of outliving your investment income

Planning is paramount as retirement dynamics shift
June 19, 2014
Hedley W. Greene and Bruce Pedey
It's 1950 and you are at the 'retirement age” of 65. It's expected that you will retire, and there's more than a gentle hand on your back as you clear out your desk. Social Security has been in place since 1935 thanks to FDR and the New Deale
Read More

Small Business Watch

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June 19, 2014
Staff Report

Spokane's economy is on consistent growth track

Jobs continue to increase; wage growth is a concern
June 19, 2014
Steve Scranton
Spokane has seen 2014 start with a more consistent pattern of economic growth than the nation as a whole. Unlike much of the Midwest and East Coast, Spokane didn't suffer through the severe winter weather that hampered economic activity. The picture t
Read More

The Growler Guys craft beer shop seeks other space after objection to liquor license

Different franchise owner to open North Side store
June 19, 2014
Judith Spitzer
Geoff Guertzmacher and his wife, Lindsey, who live in the Tri-Cities, are delaying plans to open a Growler Guys craft beer shop on Spokane's South Hill after learning their state liquor license application was being held up because of an objection. Mea
Read More

Caruso's Sandwich Co. plans new restaurant in Burgans Block project

Restaurateur starts first tenant work at Ruby Suites site
June 19, 2014
Mike McLean
North Idaho-based Caruso's Sandwich Co. has obtained the first building permit for tenant improvements at on the ground floor of the Ruby Suites complex that's under construction on the Burgans Fine Furniture Block, at 1120 N. Division. Chris & Pat I
Read More
—Mike McLean

Gifting can help with estate taxes

Washington's rate affects more residents than feds' rules
June 19, 2014
Mike McLean
With historically high exemptions, fewer people are paying federal estate and gift taxes now than decades ago, but more Washington state residents should be aware of their potential state estate tax liabilities, some accountants here say. Washington has
Read More
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