Category: General Compliance Counseling
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New reporting classifications for Service and Other Activities B&O
Effective Jan. 1, 2026, the following Service and Other Activities B&O tax classifications have been renamed as follows: Please note: If you previously reported under the combined Service & Other Activities and/or Gambling Contests of Chance (less than $50,000 a year) B&O tax classification and you have gross income from gambling activities less than $50,000 per year, you must begin…
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New Sales Tax Obligations: Key Professions Impacted by Washington SB 5814
Effective October 1, 2025, Washington has implemented a major shift in its tax landscape through Senate Bill 5814. This legislation “modernizes” the tax code by reclassifying several traditionally exempt service sectors as “retail sales.” If you operate in any of the following fields, you are now required to register for a retail tax endorsement, collect…
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ABA Releases 2025 Deal Points Study
The American Bar Association’s (ABA) Business Law Section has released its 2025 Private Target Deal Points Study. Studying deals between $25 Million and $900 million, the study analyzes trends in business deals, including: For more information, check out the alert issued by K&L Gates. To learn more about buying or selling a business, go to https://martinkreshon.com…
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Confessions of Judgment
In Washington, a confession of judgment is a legal tool where a debtor admits to a debt and authorizes a creditor to obtain a court judgment against them without a lawsuit. This can happen before or after a lawsuit is filed. It’s essentially a pre-authorized judgment that can be filed with the court if the…
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Washington Tax Law Updates (2025)
Several important tax legislation updates were made in the 2025 legislative session. These changes may impact your business’s operations and financial planning. Key updates include: We strongly encourage you to review the full details of these legislative changes to understand their specific implications for your business and consult with your tax advisor or accountant to…
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Hidden Risk: Personal Liability When Your Trade Name Masks Your Legal Entity
Imagine you’ve poured your heart and soul into building your small business. You’ve crafted a catchy trade name, designed a compelling logo, and are finally signing contracts with clients and suppliers. You feel like you’re operating professionally, establishing your brand in the marketplace. But what if the very trade name you’re so proud of could…
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General Compliance Counseling: The Smart Way to Stay Ahead and Out of Trouble
Stay Ahead of Regulations and Mitigate Risk—Without Losing Sleep Running a business is exciting—but it can also feel like you’re constantly dodging landmines. Employment laws change. Industry regulations evolve. One misstep, and you could find yourself facing penalties, lawsuits, or even a knock on the door from a regulator. That’s why general compliance counseling isn’t…
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Meet Martin: The Business Owner’s Legal Ally (And a Hopeful Panthers Fan)
When you run a business, it’s not just about chasing growth—it’s about protecting what you’re building. Behind every smart decision is someone helping you read the fine print, navigate the gray areas, and stay a step ahead of the unexpected. That’s where Martin comes in. Martin is a recovering litigator turned trusted legal advisor for…