by Don Lane

Effective 1/1/2020 Washington has decreased its economic threshold to $100,000 of gross receipts.  Thus, any taxpayers with more than $100,000 of Washington gross receipts will need to register for, and file, B&O Tax Returns.  Prior to 2020, economic nexus existed if a taxpayer had greater than $285,000 of payroll or $57,000 of either property or payroll.  The single $100,000 gross receipts test is all that remains.

If you have any further questions on this issue, or need assistance, please contact your tax advisor and we will be happy to help.