State Legislature Faced with More Difficult Budget Choices – Time for a Tax Increase?

By Lewis McMurran 

Washington’s most recent revenue forecast for the current 2011-13 biennium was lowered once again.  The state legislature uses this quarterly forecast to craft their two year budget, which runs from July 1, 2011 until June 30, 2013.

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New, Higher Tax Proposals Floating Around Olympia

By Joe Wallin

In 2010, Washington voters resoundingly rejected adopting an income tax (I-1098) on individuals earning more than $200,000 per year, or couples earning more than $400,000. However, the issue is once again potentially alive.

Tucked deep in Governor Gregoire’s revenue proposals, titled Revenue Alternatives For Building A Better Future, is the idea of repealing the B&O tax (business and occupation tax) exemption on wages earned in excess of $250,000, and collecting tax at the “services and other” rate of 1.8%. You can find the text of the proposal here, but the graphic below shows the full text.

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Gamification: Applying Video Game Mechanics to Your Business

Video game mechanics are more and more becoming a part of our everyday lives (otherwise known as gamification), even if you don’t realize it. Video games entrance us for all sorts of reasons, and that’s why so many people and companies are spending so much time and effort applying the methods and mechanics of the gaming experience to different aspects of our lives.

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“America Invents Act” Patent Law Overhaul: The Benefits and the Drawbacks

By George Rondeau

“A good idea is never lost. Even though its originator or possessor may die without publicizing it, it will someday be reborn in the mind of another.” ~ Thomas Edison

As any inventor or innovator will tell you, an invention will never work without proper timing. This means that society has to be prepared to accept it, technology must be in place to be able to accommodate it, and the economic climate needs to be just right for it to move forward past the idea phase. However, securing a patent for that invention is all about timing, too, and inventors need to be aware of some recent drastic changes.

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SEC “Bad Actor” Rules: Hard On Startups

The Securities and Exchange Commission (SEC) has proposed new rules that will make it substantially more costly and difficult for startups and early stage companies to raise capital. These rules are designed to ensure that what they have labeled as “bad actors” are not involved in the securities offering business. No, these rules won’t spare you from any bad movies.

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