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Banking & Finance

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

Longer life span underscores need for financial reassessment

Target-date model may come up short as couples live longer
April 13, 2023
Michael Maehl
Long-term risk. This refers to the ongoing challenge we always have as investors. It's not what most folks like to hear, but understanding and accepting that there is no way you can control the markets-or your investments-is
Read More

Selling business takes cautious consideration

Lawyer raises questions that should be pondered prior to sale, acquisition
April 13, 2023
Asif Lundstrom
So you're thinking about selling your business. First off, congrats. If you're selling your business, then a chapter-or more like a novel-is coming to an end.
Read More

Parting Thoughts with Spokane Media Federal Credit Union's Debie Keesee

~
April 13, 2023
Karina Elias
After 26 years as the CEO of Spokane Media Federal Credit Union, Debie Keesee will step down from her post, effective Friday, April 14. Keesee launched her career in the credit union industry in 1978 when she was 19 years old. She attended Eastern
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

Kick-Start V venture-capital fund generates $3.8M

Capital will be invested in 15 to 20 companies over next three years
April 13, 2023
Karina Elias
Spokane angel investor Tom Simpson says he has completed fundraising for Kick-Start V, a $3.8 million venture capital fund to invest in local and regional startups.
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

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
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