COVID-19 Impact on Nonprofits

Physical Controls Cash Receipts - your office may still be receiving checks via mail. Having two individuals present is still the best practice; however this may not be feasible with COVID-19 Coronavirus restrictions. Using technology can assist when having more than...

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Oregon Corporate Activity Tax (CAT) Update

The Oregon Corporate Activity Tax (CAT) is effective on January 1, 2020. We have previously communicated regarding some of the basics of the CAT and those communications can be found on our website under the Blogs & News tab. Oregon is continuing to release...

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Information Returns: Federal and Oregon Filing Requirements

Information Returns: Federal and Oregon Filing Requirements

The due date for 2019 Forms W-2, W-3, and 1099-MISC with data in box 7 for non-employee compensation is January 31, 2020, and applies to paper and electronically filed returns. Information returns are due on a calendar year basis for certain payments made in the...

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Oregon Corporate Activity Tax (CAT)

Oregon Corporate Activity Tax (CAT)

Earlier this year, Oregon Governor Kate Brown signed into law House Bill 3427, which created an Oregon corporate activity tax (CAT), effective beginning January 1, 2020. Businesses subject to the tax will be taxed at a rate of 0.57% on taxable receipts over $1...

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Computing Oregon Sourced Income for a Service Business

Computing Oregon Sourced Income for a Service Business

Oregon statutes state a taxpayer’s market for sales is in Oregon: “In the case of the sale of a service, if and to the extent the service is delivered to a location in this state”. You must look to Oregon administrative rules (OAR 150-314-0435) to really figure out...

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Multi-State Update for Business Clients

Multi-State Update for Business Clients

This communication has two main sections, one for service businesses and a second for sales of products. Service Businesses There have been many changes in multi‐state taxation for service businesses over the past several years. Every business needs to ask themselves...

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Do the math: Deciding whether you need a CFO

Do the math: Deciding whether you need a CFO

Nonprofits typically work hard to make the world a better place in one way or another. But their ability to pursue their missions depends greatly on their financial health and integrity. That’s why many nonprofits need to employ a chief financial officer (CFO)....

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