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Delap Blog - Accounting Updates, Resources, and News


11 Oct

Washington Tax Alert: Annual B&O Tax Apportionment Reconciliation Due October 31

October 11, 2019 | By | No Comments

Does your business engage in apportionable business activities in Washington? If the answer is yes, your business is required to file an “Annual Reconciliation of Apportionable Income.” The deadline to file is October 31, 2019. Your business must file with the Washington State Department of Revenue regardless of whether or not an adjustment to the […]

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30 Sep

Oregon Corporate Activity Tax (CAT) Update

September 30, 2019 | By | No Comments

There is still an incredible amount of uncertainty surrounding the Oregon Corporate Activity Tax (CAT).  While many answers remain unknown, here’s an update to clarify some of the questions we’ve been hearing: Businesses are not required to register for the CAT until they reach $750,000 in Oregon Commercial Activity Registration will be required annually Commercial […]

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04 Sep

Wayfair’s Impact on Income Tax

September 4, 2019 | By | No Comments

The Wayfair ruling changed the world of sales tax. And now states are continuing to respond, but it’s not just about sales taxes anymore. Texas recently proposed changes to Comptroller Rule 3.586, which applies the ruling in South Dakota v. Wayfair to the nexus requirements for the Texas Margin Tax.  The Wayfair decision eliminated the […]

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04 Sep

Proposed Delay of Effective Dates for Current Expected Credit Losses (CECL)

September 4, 2019 | By | No Comments

On August 15, 2019, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would allow additional time to implement the Current Expected Credit Losses (CECL), or ASU 2016-13, standard.  Previously, the effective dates for CECL (for calendar year-end companies) were January 2020 for all SEC filers and January 2021 for […]

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12 Jun

Oregon Residents to Pay Sales Tax in Washington on Tangible Personal Property

June 12, 2019 | By | No Comments

The Washington Department of Revenue released a notice on May 31, 2019 explaining a change to the sales tax exemption for qualified nonresidents. Starting July 1, 2019, Oregon residents will no longer be exempt from sales tax in the state of Washington at the point of sale. Prior to July 1, 2019, an Oregon resident […]

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