A little good news for Washington businesses

Here’s a little bright spot for businesses that have fallen behind in their taxes during these tough economic times. All interest and penalties on unpaid taxes could be waived by the state Department of Revenue under a temporary amnesty program now available for those trying to get caught up.

If you owe state business and occupation (B&O) tax, state public utility tax, or state or local sales and use tax that was due before February 1, 2011, you may be eligible for the program.

This could be especially advantageous for businesses that are unregistered or have outgrown the active non-reporting status.

If you are interested in the amnesty program, go to PayMyTax.org and request a quote. The quote will let you know what you would owe and how much you would save by participating in the program.