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Special Report

SECURE Act 2.0 focuses on US small business

Legislation encourages such employers to set up worker retirement plans
April 13, 2023
Noah Schwab
With over 90 changes, the SECURE Act 2.0 of 2022 aims to entice small businesses to build upon the original Setting Every Community Up for Retirement Enhancement Act passed in 2019 to help Americans save more for retirement.
Read More

Guidance on Washington's Capital Gains Tax

Levy may impact some business sales, highly appreciated stocks here
April 13, 2023
Karina Elias
Spokane financial advisers and accountants say they're somewhat surprised the Washington state Supreme Court upheld the state's new tax on certain capital gains, and they're renewing efforts to examine its effects on high-net worth clients, sales
Read More

Spokane-area community banks counter failure fears

Institutions here more balanced than larger ones that recently failed
April 13, 2023
Erica Bullock
Many community and regional bank leaders here are focused on alleviating customer fears that two recent large bank failures could lead to further collapses in the banking industry. Such fallout hasn't materialized at community banks in the Inland North
Read More

Noncompete agreements have varying support

Case here demonstrates ongoing complexities of restrictive covenants
March 30, 2023
Karina Elias
At the start of the year, the Federal Trade Commission proposed a rule that would ban employers from imposing noncompete clauses, a practice it claims suppresses wages, hampers innovation, and blocks entrepreneurs from starting new businesses.
Read More

New rental laws to change some legal practices

For some attorneys here, landlord-tenant disputes lead to more billable hours
March 30, 2023
Erica Bullock
New ordinances passed by the Spokane City Council are intended to pave the way for safer housing for renters, but some lawyers here disagree about what kind of impacts the new rules will have on their legal practices.
Read More

Crypto donations are unpopular as giving strategy

Digital money's volatility, speculative nature raises concerns among advisers
March 16, 2023
Erica Bullock
Some financial advisers here say they're uninterested in recommending or servicing cryptocurrencies as planned giving strategies due to the speculative nature of cryptocurrency valuations coupled with a lack of regulation.
Read More

Donor-advised funds are useful for strategic giving

Tax-advantaged tool assists in enhancing philanthropic impact
March 16, 2023
Casia Chappell
In the midst of tax season, charitably inclined people who itemize their deductions will, at some point, endure the hassle of checking folders, emails, and letters to track down a year's worth of donation receipts to provide to their tax professionals.
Read More

Some tactics can reduce liabilities for passing wealth

Gifts to future generations aided with efficient plans
March 16, 2023
Michael Maehl
When it comes to gifting assets to future generations, many families are rightfully concerned about the potential tax effect. In other words, how and when should they pass down their assets to ensure that the greatest amount possible actually gets to
Read More

Cancer Care Fund's fundraising goes into full swing

8-year-old organization supports cancer patients, families in INW
March 16, 2023
Keith Erickson
At 8 years old, Mason Diamond, of Spokane, was like a lot of kids. The active youngster loved playing sports, hanging out with friends, and spending time with his doting parents and carefree siblings. But Mason's world took a daunting turn on Sept. 3
Read More

Cookie Crunch: Girl Scouts council here sets goal to sell 1 million boxes despite supply-chain disruption

Local council delays shipment with promise of securing more product
March 16, 2023
Karina Elias
The Girl Scouts of Eastern Washington & Northern Idaho council has been building its annual cookie sales, cresting 1 million boxes of Girl Scout Cookies sold for the first time in 2022 and keeping that goal amid a national cookie shortage.
Read More
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