WIMPER Guide for Washington Residents: Navigating the LTC Tax and Payroll Tax Solutions for Businesses

February 12, 2025•4 min read

Washington State has recently implemented a Long-Term Care (LTC) Tax Law that is causing significant concern for business owners and employees. While the tax is designed to fund the state’s Washington Cares Fund, it’s creating an additional financial burden on employers, who must navigate new payroll tax obligations and compliance requirements. But don’t worry—Bill Wilkie Business Solutions has a way to eliminate this tax burden and even offer enhanced benefits for your employees through the WIMPER System.

In this blog, we’ll break down the specifics of the Washington LTC tax, how it impacts your business, and how you can use the WIMPER System to reduce payroll taxes, stay compliant, and improve your overall business operations—all without additional financial strain.

Understanding Washington's Long-Term Care Tax

Washington’s new LTC Tax Law requires a payroll tax of 0.58% on employee wages, designed to fund the state’s long-term care program. While the goal is to provide benefits for residents, this new tax has raised concerns for businesses and their employees. Here's what you need to know:

Increased Costs: Employers now have to manage additional payroll taxes on top of existing expenses. This can increase operational costs and affect your bottom line.
Limited Employee Options: Employees are automatically enrolled in the state program unless they secure qualifying private insurance, leading to potential dissatisfaction and confusion.
Compliance Challenges: Navigating the specifics of the LTC tax law can be daunting for businesses, especially with the ever-evolving tax landscape.

How the WIMPER System Can Help

At Bill Wilkie Business Solutions, we specialize in creating strategies that help businesses save money and stay compliant with Washington’s tax laws. Our WIMPER System (Wellness Integrated Medical Plan Expense Reimbursement) is designed to tackle these challenges by offering the following advantages:

1. Eliminate the LTC Tax Burden

The WIMPER System helps businesses offset the financial impact of payroll taxes through a carefully structured plan that leverages IRS tax codes.
You can save up to $800 per employee annually, reducing the overall cost of payroll taxes and freeing up capital for reinvestment or business expansion.

2. Simplified Compliance

With the LTC tax law in place, compliance is key. The WIMPER System ensures that your business meets the state’s requirements while also implementing federal and state regulations into your tax-saving strategy.
We simplify the complex paperwork and ensure your business avoids costly penalties.

3. ZERO NET COST Advantage

By optimizing your payroll tax savings, you can fund employee wellness programs, improve benefits, and reduce overall business expenses—without spending any extra money.
The WIMPER System works at zero-net cost for your business, turning a financial burden into an opportunity to reinvest in your workforce.

4. Enhanced Employee Benefits

Beyond just tax savings, the WIMPER System includes valuable wellness resources for your employees, such as telemedicine, stress management tools, and personalized health plans. These benefits promote employee satisfaction and retention.
Offering these resources without additional out-of-pocket expenses creates a win-win scenario for both employers and employees.

5. Expertise You Can Trust

As specialists in Washington state business tax strategies, Bill Wilkie Business Solutions has the knowledge and experience to help you navigate the complexities of the LTC tax law and implement solutions that make sense for your business.
Our team provides tailored solutions to ensure your business can comply with tax regulations while optimizing savings and employee benefits.

Why Choose Bill Wilkie Business Solutions?

We understand that every business is unique, which is why we offer customized solutions for Washington businesses to reduce payroll taxes and stay competitive. Here’s why Bill Wilkie Business Solutions stands out:

Unmatched Expertise: We know the Washington tax landscape inside and out and can guide your business through the complexities of the LTC tax and other payroll tax challenges.
Tailored Solutions: Whether you're a small business or a larger corporation, our solutions are designed specifically for your needs.
Comprehensive Support: From consultation to program implementation and ongoing management, we handle everything so you can focus on growing your business.

Take Control of Your Taxes and Employee Benefits Today

The new LTC tax in Washington doesn’t have to be a financial burden for your business. By leveraging the WIMPER System, you can reduce payroll taxes, stay compliant with state regulations, and enhance employee benefits—all without spending a dime.