Dear Clients,
We hope you are having a great summer!
We’d like to share a few reminders and important updates that may affect you or your business to help you stay informed.
BUSINESS UPDATES
June / Quarter 2 2026 Excise Tax Return Reminder
This is a friendly reminder that the June / Quarter 2 2026 WA State Department of Revenue Excise Tax Return is due soon. If you have not already provided your sales information, please send us your June / Quarter 2* sales information by Friday morning (07/17/26) to ensure timely filing.
IRS Business Tax Account Reminder
https://www.irs.gov/businesses/business-tax-account
If you are the designated official for your S or C Corporation’s IRS Business Tax Account, please remember to renew your designation by July 29 to keep uninterrupted access to your business tax information
Need Proof of Your EIN?
https://www.irs.gov/individuals/understanding-your-cp575-notice
You can now download the EIN verification letter (CP575) directly from the IRS Business Tax Account. This digital notice can be used by banks and other financial institutions as proof of your EIN.
Penalty Relief for sales tax under ESSB5814
WA Dept of Revenue is offering temporary penalty relief for businesses affected by the retail sales tax changes under ESSB 5814. Eligible businesses may qualify if they voluntarily file and pay the tax owed. If your business may be impacted by these sales tax changes, we recommend reviewing your filing requirements and taking action promptly
Quarter 3 Local Sales & Use Tax Changes
Effective July 1, 2026, please check for new tax rate changes for some jurisdictions.
Update on Burien’s Minimum Wage
https://www.burienwa.gov/city_hall/laws_regulations/minimum_wage
The City of Burien has updated its minimum wage requirements. Employers located in Burien should review the applicable minimum wage rate based on their business size and employee count. (For small employers with 15 or fewer employees, 2026 hourly minimum wage is $ 19.28.) Please visit the city’s website for more details.
For Everett and Renton, Local Minimum Wage Changes – Effective July 1 for employers with 15 to 499 employees
Everett: $20.77/hour for employers with more than 500 employees in Washington. For employers with 15 to 499 employees (OR annual gross income over $2 million revenue in Everett) $18.77/hour from Jan 1 to June 30, 2026, and $19.77 from July 1 to Dec 31, 2026. Employers with 14 or fewer employees are not affected.
Renton: $21.57/hour for employers with more than 500 employees. For employers with 15 to 500 employees, $20.57/hour from Jan.1 to June 30, 2026, and $21.57 from July1 to Dec. 31, 2026. Employers with 14 or fewer employees are not covered.
INDIVIDUAL TAX UPDATES
Washington State Estate Tax 2025 Law Change
https://dor.wa.gov/taxes-rates/other-taxes/estate-tax-tables#Wprior
Washington updated the estate tax rules for individuals who pass away on or after July 1, 2026. The changes include $3,000,000 estate tax exclusion and filing threshold, and a 10-20% estate tax rate schedule. Please see the link for details.
If you have any questions or need assistance, please don’t hesitate to contact us. We’re always happy to help.
Thank you for your continued trust in our team.
Warm regards,
ALISA NA CPAs & Advisors
