Be prepared for IRS audits of COVID-19 ERC claims
ERC in a nutshell The ERC is a refundable [...]
Corporate Transparency Act and Beneficial Ownership Information Reporting
The Corporate Transparency Act (“CTA”) was enacted by Congress [...]
Year End Tax Planning Reminders
Medical Insurance for Shareholders (S corporations only) An S [...]
2022 S Corporation Year End Tax Planning and Reminders
As an S Corporation, the below year-end housekeeping items [...]
Pass-Through Entity (PTE) – Elective Tax
In July 2021, Oregon established an elective Pass-Through Entity Tax [...]
New Multnomah County Preschool For All Personal Income Tax
In November 2020, the voters of Multnomah County approved a [...]
New Metro Support Housing Services
In May 2020, the voters in the greater Portland area [...]
Oregon Pass-Through Entities (PTE) Reduced Tax Rate
Oregon has had a special reduced tax rate (generally up [...]
Taxation of Cryptocurrency and Compliance
Ever since bitcoin entered the financial stage in 2009, [...]
New and Improved Employee Retention Credit
Whether you were already taking advantage of the Employee Retention [...]
Key Tax Takeaways from COVID-19 Relief Bill
On December 27, 2020, the President signed the Consolidated Appropriations [...]
Information Returns: Federal and Oregon Filing Requirements
The due date for 2020 Forms W-2, W-3, 1099-MISC, and [...]