360.754.6320  info@wcwb.org

Business Plan Competition!

In an effort to promote an entrepreneurial spirit at the University of Washington Tacoma, City of Tacoma, and the South Sound, the Veterans Incubator for Better Entrepreneurship (VIBE) is developing a world class Business Plan Competition (BPC). The goal of the competition is to motivate, inspire, and develop an entrepreneurial culture whit the expectation to create and retain businesses in the City of Tacoma and the South Sound. The winner could walk away with $50,000 toward their business.

Want to know more? Attend the informational session this Saturday, March 18 from 11 a.m. – 1 p.m. at the USO Center for Innovation | 9881 Bridgeport Way SW | Lakewood, WA.

You can also view the full eligibility requirements & deadlines by visiting http://www.tacoma.uw.edu/vibe/bpc

Employers Beware: Tax Scams Targeting Your Employees

Dangerous W-2 Phishing Scam Evolving; Targeting Schools, Restaurants, Hospitals, Tribal Groups and Others
Original Post from IRS

The Internal Revenue Service, state tax agencies and the tax industry issued an urgent alert today to all employers that the Form W-2 email phishing scam has evolved beyond the corporate world and is spreading to other sectors, including school districts, tribal organizations and nonprofits. In a related development, the W-2 scammers are coupling their efforts to steal employee W-2 information with an older scheme on wire transfers that is victimizing some organizations twice. Read More

Is your business on the brink of Major Growth?

For the fifth year in row, the U.S. Small Business Administration (SBA) Seattle District Office is offering the Emerging Leaders training initiative for local small businesses on the brink of growth.

The intensive entrepreneurship education series includes approximately 100 hours of classroom time during seven months. Upon completion of the course, participants have a three-year growth action plan and a network of peers and industry experts.  Read More

Washington State offers tax credits to businesses that hire unemployed veterans

This  is to inform your organization that beginning October 1, 2016, businesses that hire unemployed veterans for positions in Washington State may qualify for credit against their State business and occupation (B&O) tax or public utility tax (PUT).

The credit equals 20 percent of the wages and benefits a business pays to or on behalf of a qualified employee, up to a maximum of $1,500 for each qualified employee hired on or after October 1, 2016. There is no limit on the total credit an employer may receive. However, the total statewide credits may not exceed $500,000 per fiscal year.

I have provided a link to our Special Notice, Credit for hiring unemployed veterans, which contains further information.