TPS-TIE

Bail bond agencies, and agents are required to register with various federal, state, and county agencies. The agency and reason for registration is listed below:

The Department of Revenue offers many services to make reporting your taxes as convenient as possible. The following list contains a sampling of the department’s services.

Internet

Our website offers a wide variety of information and resources for your business:

The enhanced food fish tax (EFFT) is an excise tax on the first commercial possessor of certain fish within Washington. The tax is based on the value of the fish when first landed. This tax also applies to byproducts and parts of seafood.

Washington's excise taxes apply to all business activities conducted in the state. Corporations, partnerships, sole proprietorships, joint ventures, nonprofit organizations, limited liability organizations, etc., conducting business in this state are all subject to these taxes, even if they do not have an office here.

This section refers to all construction jobs except those which are specifically defined as speculative building, federal government contracting, public road construction, logging road construction, radioactive waste cleanup on federal lands, or construction services performed in Indian Country for enrolled members.

Rental of equipment by the contractor

Contractors sometimes rent equipment for construction projects. When this happens, the contractor is the consumer of the rented item and owes retail sales tax to the rental company.

Public road construction is the activity of building roads, streets, sidewalks, etc., owned by cities, counties, or political subdivisions of the state or the United States which are primarily used for foot or vehicular traffic. Both prime and subcontractors engaging in these activities are subject to public road construction B&O tax. Public road contractors do not collect retail sales tax.

This guide explains how Washington’s excise taxes apply to podiatric physicians.

The information in this guide is current at the time of publication. Please remember state tax law changes on a regular basis.

For additional information or answers to any questions on Washington excise tax, please contact the Department of Revenue.

Updated June 2012

Contents

Business and Occupation (B&O) Tax: The B&O tax applies to the gross amount received from conducting business in Washington. Under the B&O tax, there are many different tax reporting classifications. Each classification corresponds to a different type of business activity and has its own tax rate. Businesses report their income under the tax classification that matches their business activity, such as retail sales, wholesale sales and professional services.

Overview

The B&O tax is a gross receipts tax, assessed against an entity for conducting business in Washington. It applies to the gross income of the business. This means no deduction is allowed for labor, materials, taxes or other costs of doing business.

The appropriate B&O tax classification depends on the business activity. Different tax classifications have different tax rates. Businesses performing more than one activity may be subject to tax under more than one B&O tax classification.