Just a reminder to businesses that engage in apportionable business activities in the state of Washington: You must file an Annual Reconciliation of Apportionable Income with the Washington State Department of Revenue, regardless of whether or not an adjustment to the tax amounts reported throughout the year is required. The Annual Reconciliation of Apportionable Income for calendar year 2017 is due on or before October 31, 2018.
Apportionable business activities include only the activities subject to the following B&O tax classifications:
Failure to timely file an Annual Reconciliation of Apportionable Income will result in penalties and interest being added to any tax assessment that may be due on your reconciliation. If you file your Washington state excise tax returns electronically, you may file your annual reconciliation utilizing the Department of Revenue’s online services, or you may use the Department of Revenue’s form, Annual Reconciliation of Apportionable Income, which is available at www.dor.wa.gov. If any additional tax is due, the Department will accept payment either by an electronic funds transfer or a check. If you are due a credit, the credit will either transmitted via electronic funds transfer or a check.
For more information or assistance in completing the reconciliation process, please contact Rachel A. Le Mieux, CPA, CMI, SALT Partner at (206) 382-7711 or firstname.lastname@example.org, or Sonjia Barker, CPA, SALT Senior Manager at 206-382-7808 or email@example.com.