• Summit Bookkeeping

February 2022 | Important Dates & What's New

Happy February! Now that the busyness of year-end and quarterly reports is over, we can enjoy a month with few deadlines — although it is time to start thinking about filing your federal tax return. That's where the past year of accurate and complete bookkeeping comes in handy!


Important Dates


February 25, 2022

  • Monthly DOR Filers: Excise Tax Return — DOR

February 28, 2022

  • Monthly City of Bellingham Filers: B&O Tax Return City of Bellingham

Please note that all businesses are different and you may have other deadlines that apply to you. If you have questions related to your business or industry, you should contact your accountant or bookkeeper.


What's New


WA Cares Fund gets an 18-month delay

Two House Bills passed in January that pushes back the start of the WA Cares Fund to July 1, 2023, makes some changes to rules regarding workers close to retirement age, and establishes voluntary exemptions for certain populations. Learn more here.


Major Disaster Declaration for Washington

FEMA is offering federal disaster assistance for residents and business owners affected by the flooding and mudslides from Nov. 13-15, 2021 in Whatcom, Skagit, and Clallam County as well as the Lumni Nation, Nooksack Indian Tribe, and Quileute Tribe. Learn more here.


Federal Disaster Loan Available

The SBA is offering low-interest federal disaster loans to businesses and residents who were affected by the November 2021 floods. Businesses may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. Learn more here.


 


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