Peterson Russell Kelly Livengood PLLC

05/22/2025

On Tuesday, May 20, Governor Ferguson signed into law a major increase in the Washington estate tax, applying to deaths after June 30, 2025. The new top rate is now 35% on estates over $9 million, which is an increase of 15% from the prior top rate of 20%. The new law also increases the exemption amount to $3 million from $2,193,000 and corrects the decade-long failure to index the estate tax exemption amount for inflation. Thus, estates subject to both state and federal estate taxation now have a combined maximum effective estate tax rate of 61%.

Click Here to Learn More: https://prklaw.com/washington-ratchets-up-its-estate-tax-effective-july-1-estates-over-the-federal-exemption-amount-will-have-an-effective-rate-of-61/

03/06/2025

The Treasury Department announced today that it will not enforce fines or penalties related to Beneficial Ownership Information (BOI) reports under the current regulatory deadlines. It further announced proposed rulemaking that will exempt domestic (U.S.) entities from BOI filings entirely. Foreign entities will still have to comply with BOI reporting.

Read More: https://prklaw.com/treasury-announces-temporary-non-enforcement-of-boi-filing-requirements-and-planned-permanent-exemption-for-domestic-entities/

02/28/2025

On February 27, FinCEN announced that it would not impose fines or take other enforcement action (a fairly important point since the statute can carry criminal penalties) for failure to file BOI reports or update already-filed reports by the recently announced March 21 deadline. The enforcement moratorium will continue until the Treasury Department issues a new “interim” final rule on reporting with a new due date for reports under the new interim rule.

Read More: https://prklaw.com/when-is-a-deadline-not-a-deadline/

02/20/2025

Earlier this week, the Beneficial Ownership Information (“BOI”) filing obligations were reinstated, with a new filing deadline set for March 21, 2025. Affected entities should take prompt steps to comply.

Read More: https://prklaw.com/boi-reporting-lives-again-for-now/

01/28/2025

The Supreme Court has stayed one of the nationwide injunctions barring implementation of the Corporate Transparency Act. Its decision this week in McHenry v. Texas Top Cop Shop, Inc. means that the statute itself is no longer enjoined on a nationwide basis.

Read More: https://prklaw.com/courthouse-rock-injunction-junction/

01/10/2025

Peterson Russell Kelly Livengood (PRK Livengood) is proud to announce the promotion of Jonathan Brodin to Partner. Jonathan joined PRK Livengood in 2017 and has been a key contributor to the firm and the firm’s clients ever since.

Please help us in congratulating Jonathan.

Learn more https://prklaw.com/prk-livengood-announces-promotion-of-jonathan-brodin-to-partner/

10/01/2024

Exciting news! PRK Livengood Business Attorney Jonathan Brodin was recently highlighted in 425 Business, where he shared his top "good-faith" tips and insights on:

✔ The most common legal issues business owners encounter
✔ Best practices for business owners and employees to apply to avoid legal issues
✔ Why most businesses can benefit from retaining a business lawyer and which services are most useful
✔ Considerations business owners should make for choosing how to legally structure

Check it out here: https://www.425business.com/news/business-litigation-advice/article_459a0ce6-79fe-11ef-bc80-ab3bed5a479c.html

Attorney Jonathan Brodin shares some of his favorite “good-faith” advice, as well as some pointers, on what to expect if a business owner finds themselves in active litigation.

09/19/2024

School is back in session. Our School District Group recently posted an article highlighting the key legal updates public schools need to be aware of for the 2024-2025 year including:

✔️Updates on Recess as Discipline
✔️Expanded Building Administration Emergency Discipline Rules
✔️PUMP Act for Public School Districts: Protecting the Rights of Breastfeeding Employees
✔️LGBTQ+ Mandatory Training/Inclusive Curriculum

Read more on our blog here: https://prklaw.com/school-in-session-key-legal-updates-for-public-schools-for-the-2024-2025-school-year/

Sign up to receive updates like these delivered to your inbox here: https://signup.e2ma.net/signup/1999314/25308/

09/10/2024

PRKL's own Jonathan Brodin was featured in the September/October edition of 425 Business in a Q and A providing good advice for business owners including:

✔ Some of the most common legal issues business owners encounter
✔ Considerations for legally structuring your business
✔ The benefits of retaining a business attorney

Check it out on stands now - and stick around for an online link coming in October.

08/23/2024

Throwback to our Murder Mystery Event! We had so much fun posing as eager detectives and using our serious sleuthing skills to solve the crime! It was a blend of intrigue, laughter, and legal minds at their finest.

Here’s to more events that challenge our minds and bring us together in fun and unique ways!

08/20/2024

What does it mean to have a Northwest Focus with a Global Perspective?

🗺 Northwest Focus:
•Regional Expertise: We have a deep understanding of the legal matters specific to the Pacific Northwest - including local regulations, regional business practices, and community needs.
•Local Connections: Over our 28 years, we have built a strong network within the Pacific Northwest, which helps us to navigate the local legal landscapes and provide tailored advice based on regional insights.

🌍 Global Perspective:
•International Awareness: We maintain a broad understanding of international laws, regulations, and trends that could impact our regional clients.
•We are a member of Legus International Network of Law Firms, one of the world's leading independent law firm networks. Through this affiliation, our clients have access to the combined experience of over 1,500 attorneys in over 60 jurisdictions throughout North America, South America, Europe, and Asia.

Learn more at prklaw.com

08/14/2024

Washington state employers may be tempted to classify workers as independent contractors, but misclassification can result in substantial penalties and liability.

In the latest blog post from our Labor and Employment Law Group, Kevin Hansen highlights key considerations for employers when making these distinctions. Read more: https://prklaw.com/employee-vs-independent-contractor-key-considerations-for-employers/