The Supreme Court is expected to render a decision in 2021 on the validity of the 2010 Patient Protection and Affordable Care Act (ACA) that may impact certain taxes you paid in prior years. There is a remote possibility that the 3.8% net investment income tax, the 0.9% additional Medicare tax, and the individual mandate…
We have considered the guidance of government officials and medical professionals, and in order to protect our clients, staff, and community, Isler has instituted the following changes: As a precaution we will not be accepting any walk-ins or having in-person meetings without prior approval. However, we are still open and conducting meetings over the phone…
Changes to the Paycheck Protection Program (PPP) were signed into law June 5th. Included among these were the following: The original covered period for using the funds was expanded from eight weeks to 24 weeks, and the percentage of funds used for payroll costs was reduced from 75% to 60%. This was great news for…
If you operate an Oregon small business in the travel and tourism industry, you may be eligible for a Travel Oregon grant of up to $10,000.00. The application process opened May 11, 2020, and will close at 5 p.m. Friday, May 15, 2020. The award decisions will be announced on June 3 through email. Preference…
Every two years, the Association of Certified Fraud Examiners (ACFE) publishes their Report to the Nations, which contains a lot of statistics about the occupational fraud cases that CFE’s have helped investigate during the previous year. In the report is a thorough breakdown of the types of fraud committed, the size and duration of the…
All information below is based on the current guidance (as 4/24/2020) provided by the Small Business Administration (SBA), CARES Act, and Internal Revenue Service (IRS).. Please remember that additional guidance can be provided at any time by the SBA or IRS and therefore please do not rely solely on this page. Please contact Isler CPA…
The Oregon Department of Revenue has released new guidance which allows sellers in Oregon to exclude certain income from Oregon’s Corporate Activity Tax (CAT). A seller may exclude receipts from a sale to a wholesaler in Oregon if the wholesaler can certify it has the intent to resell the property out of state. To do…
Amid the current pandemic, and loss in revenue, many taxpayers are asking how they will be able to pay their tax bill. This is a common issue for taxpayers, even among careful and successful clients when unforeseen circumstances such as the Coronavirus arises. First, remember, the IRS is not trying to make you bankrupt, destitute,…
This information has been re-posted in full from IRS.gov here. Check IRS.gov for the latest information: No action needed by most people at this time IR-2020-61, March 30, 2020 WASHINGTON — The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and…
RSM INSIGHT ARTICLE | March 30, 2020 Around the United States and the rest of the world, employers and their workforces have been forced to deal with the many disruptions wrought by the coronavirus pandemic. Some businesses have had to lay off employees, and others have pivoted their teams to working entirely remotely at a…