VSH CPAs

Washington's Millionaires Tax and recent estate tax changes add new planning considerations for high-income individuals and families.

As tax laws evolve, understanding the potential impact on your wealth transfer and tax strategy is critical. Proactive planning can help you navigate these changes with greater confidence.

Our team is monitoring these developments and helping clients evaluate their options.

Read more: https://cstu.io/ce3e2e

Cost segregation can unlock significant tax savings, but the largest deduction today isn't always the best long-term outcome.

Accelerated depreciation can improve cash flow and create opportunities for growth. The key is balancing those benefits against future depreciation recapture, exit plans, and overall investment goals.

Strong tax planning looks beyond the current year's savings and considers the full financial picture.

If you have questions about whether a cost segregation study aligns with your strategy, our team can help evaluate the opportunities and tradeoffs.

Read more: https://cstu.io/66db36

We’re proud to recognize Hernan Torres-Beltran as the recipient of the VSH CPAs $1,500 WWU Outstanding Junior Award!

Hernan was honored at the Beta Alpha Psi (BAP) event held at the Alaska Ferry Terminal, celebrating outstanding accounting students at Western Washington University.

We’re excited to support the next generation of accounting professionals and recognize students who demonstrate exceptional dedication, leadership, and academic achievement.

Pictured with Hernan are Stephanie Hermanutz, Senior Manager in VSH’s International Service Line, Judy Sprecher, HR Manager at VSH, and Dr. Aaron Moore, the new Chair of the WWU Accounting Department.

Congratulations, Hernan — we’re excited to see all that’s ahead for you!

A recent federal court case, Kwong v. United States, could create refund opportunities for taxpayers related to certain IRS penalties and interest from the COVID relief period.

The key takeaway: some taxpayers may need to act before July 10, 2026, to preserve potential claims. The IRS will not issue refunds automatically.

VSH is actively monitoring the developments and helping clients evaluate whether protective refund or abatement claims may be appropriate.

Cross-border real estate operators, developers, and advisors:

Tomorrow is the day for our webinar, Optimizing Value in Cross-Border U.S. Real Estate!

Be sure to register before the event so you don’t miss it: https://event.vshcpa.com/optimizing-value-in-cross-border-u.s.-real-estate

An inefficient structure can limit distributions across jurisdictions, lock in tax exposure, and reduce control when flexibility matters most. This webinar will help you avoid these pitfalls.

See you tomorrow at 11:00 AM PT for a practical discussion on structuring considerations for cross-border U.S. real estate investments and portfolios.

Cross-border real estate operators, developers, and advisors:
There are less than two weeks left to register for Optimizing Value in Cross-Border U.S. Real Estate.

This webinar will focus on a decision that can shape the outcome of a U.S. real estate investment long before exit: how the deal is structured.

An inefficient structure can limit distributions across jurisdictions, lock in tax exposure, and reduce control when flexibility matters most.

𝗝𝗼𝗶𝗻 𝘂𝘀 𝗼𝗻 𝗝𝘂𝗻𝗲 𝟮 𝗮𝘁 𝟭𝟭:𝟬𝟬 𝗔𝗠 𝗣𝗧 for a practical discussion on how to approach U.S. real estate structuring for cross-border portfolios before costly constraints are built in.

Register here: https://event.vshcpa.com/optimizing-value-in-cross-border-u.s.-real-estate

Chris Sullivan, Managing Partner at VSH CPAs, recently joined David Dick, Paul Humphreys, and Tom Doll for Exit Like a Pro, a business owner seminar focused on preparing for a future transition.

The discussion brought together perspectives from financial planning, M&A advisory, tax, and exit planning.

For business owners, the takeaway is clear: a successful exit is usually shaped long before the transaction begins.

Early planning gives owners more time to strengthen value, address risk, and make decisions with a clearer view of what comes next.

Thank you to Financial Plan, Inc., ACT Capital Advisors , and TD Partners for helping bring this practical conversation to local business owners.

Most people think accounting starts with reporting.

In reality, some of the most important work happens earlier, when business owners are making decisions that affect growth, ownership, tax exposure, or long-term value.

Good accounting doesn’t just document what happened. It helps clients understand what their decisions may mean before they move forward.

On National Accounting Day, we’re grateful for the team at VSH CPAs and for the clients who trust us to be part of those important conversations.

As of April 20th, the U.S. government opened an online portal allowing businesses to apply for refunds on tariffs ruled unconstitutional.

The potential for refund applies to tariffs paid between April 5, 2025 and February 24, 2026. Only importers of record or licensed customs brokers can file.

Consumers and businesses that paid higher prices due to tariffs are not eligible for refunds.

Some large companies have suggested they may pass refunds onto to customers. Because the system and process just opened there is a lot of uncertainty, and it may take a few months for importers to see refunds.

If you are a business or individual and paid higher prices because suppliers passed tariffs down, you may consider discussing a refund or credit from your supplier and be looking for future price reductions.

Yesterday, members of the VSH CPAs team attended the WSCPA International Tax Conference, joining other professionals focused on the complex tax issues shaping cross-border planning.

For VSH CPAs, staying connected to these conversations is part of how we support clients and referral partners navigating international tax complexity.

Thank you to the WSCPA for hosting a valuable event and bringing together professionals across the international tax community.