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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All eyes on performance

All eyes on performance

How to make data analytics work for you Your nonprofit is accountable to many constituents, including donors, volunteers and the people you serve. A surefire way to demonstrate your effectiveness is through the use of data analytics. With facts at your fingertips,...

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Are your board members independent?

Are your board members independent?

Nonprofits must state on their IRS Forms 990 the number of independent voting members on their board of directors. Donors, state attorneys general and the media increasingly have been scrutinizing this reporting, believing that independent directors are a key...

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Surveilling new EU privacy rules

Surveilling new EU privacy rules

Data protection regulations include U.S. nonprofits Most U.S. nonprofits have paid little attention to the European Union’s (EU’s) General Data Protection Regulation (GDPR), which took effect May 25, 2018. The GDPR revises the standards for privacy rights, information...

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FASB issues new accounting rules for contributions and grants

FASB issues new accounting rules for contributions and grants

Accounting for contributions and grants has often proven complicated for nonprofits, especially when they come with donor-imposed conditions. New revenue recognition standards released by the Financial Accounting Standards Board (FASB) in 2014 only muddied the issues...

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