Now that we are in the middle of the summer and busy with summer activities, you may or may not have heard that the 2017 Oregon legislative session has ended. Is some ways it has been a busy year for the Oregon legislators. Below is a summary of the significant business law changes, as well…

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Change is on the horizon for nonprofits in the form of the Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements for Not-for-Profit Entities. Released in August 2016, ASU 2016-14 will result in significant changes to financial reporting and disclosures, leaving some wondering how to begin revamping their processes, procedures,…

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Saving for retirement can be difficult at any time, especially taking the time to setup a retirement plan. Only about half of working Oregonians have access to employer provided retirement plans.  The rest must have initiative to do this on their own. In order to promote saving and to ease the burden on working Oregonians,…

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Comedian Brian Regan recounts: I was at the breakfast table this morning and I read in the newspaper that more and more adults are living at home with their parents. That surprised me, I was like “Mom did you read this?!?” Regardless of what their ever-so-clever children are doing, the somber truth is, more than…

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United Airlines will lose hundreds of millions in revenue for the public relations disaster dragging a customer off their airplane widely seen in a video gone viral; while the IRS will gain hundreds of millions in revenue for their public relations fortune dragging Wesley Snipes to jail and confiscating Tori Spelling’s bank account widely seen…

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Tax Scams

Tax scams have been increasing in number and complexity over the years. The IRS has seen an approximate 400 percent surge in phishing and malware incidents so far in the 2016 tax season. These scams have the intent of getting payment or information from taxpayers. Some of the latest methods include: Tax payments through iTunes…

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Companies have doubled their after tax income by using it, Forbes magazine estimate 6,000 companies use it, the Journal of Accountancy estimates 12,000 more companies are overpaying $1 billion in taxes by not using it, few companies appreciate its widespread availability, congress promised to reduce America’s trade imbalance with its creation in creation in 1984…

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