An honor roll sign is mounted on the side of the old Rialto Theatre building on Wenatchee Avenue to include names of businesses with 100 percent employee participation in the United Good Neighbors drive in the fall of 1958.
The tax reform legislation that Congress approved in December 2017 was the largest change to the tax system in more than three decades. The last time the U.S. tax code saw such a significant reform was under President Ronald Reagan in 1986. Under this new legislation, substantial changes have been made to both individual and corporate tax rates.
There is no shortage of opportunities and ideas — shiny stuff — for businesses and leaders to expend their resources. What’s wrong with pursuing shiny stuff? It’s enticing, or at least looks cool on the outside — and potentially lucrative.
Here we go again. Two years after the attempted modification of the federal “white collar” exempt overtime rules stalled in the federal courts, the Washington Department of Labor and Industries (L&I) is taking it upon itself to propose updated rules regarding minimum wage requirements for salaried employees at the state level. Under the proposed changes, some employers may have to provide overtime pay, minimum wages and paid sick leave to employees previously classified as “exempt” under the rules defining Executive, Administrative, and Professional (“EAP”) exemptions.
In 19th Century Central Europe, a fracture network of feudal micro-states engulfed the region with perpetual warfare in their pursuit of power and dominion. The resulting consequences were poverty, disease, starvation, and lawlessness.
For over 75 years, payers of alimony (also known as spousal support or spousal maintenance) were allowed to take a tax deduction for the amount of alimony paid to their ex-spouse. This shifted the income tax burden to the receiver of alimony, which in many instances increased the amount of income available to spouses transitioning to two households.
Do you have a “defined benefit pension plan through your job, such as TERS, PERS, SERS or LEOFF?” Do you work for a PUD, school district, public works, law enforcement agency, county, city or state? You may want to take a hard look at Pension Maximization.
Many of you reading this are familiar with the term "Right People Right Seat" (popularized by Jim Collins in his book "Good to Great"). And I think it is safe to assume you, like the rest of us, want to have all the Right People in the Right Seat on your Organization’s “bus.” Great! Sounds simple enough. But how do you know when you have all the Right People Right Seat (RPRS)? You wonder, “How can I quantify that information?”
Downtown Wenatchee appeared to be decked out in style as the Christmas season was approaching. This photo, believed to have been taken around 1925, shows Wenatchee Avenue looking north from Kittitas Street with garland greenery spanning the street. (Business World file photo)