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…
by Joseph Brusuelas, for RSM March has been a month for the ages – one that fiscal and monetary policymakers will never forget. Congress put forward roughly $2.2 trillion, or equal to 11.4% of gross domestic product, in fiscal aid to address current and coming economic difficulties around the country. That boost will most likely…
by Megan Hicks and Christopher Shaker for RSM The Coronavirus Aid, Relief and Economic Security (CARES) Act signed into law on Friday provides various options for small and midsize businesses facing liquidity challenges from the COVID-19 crisis. Three options are available: Option one The Coronavirus Preparedness and Response Supplemental Appropriations Act enacted on March 6…
The U.S. Small Business Administration has approved Oregon for loans to assist with costs of the coronavirus situation. These loans apply to businesses of all size, private nonprofits, homeowners and renters. For businesses, the loan can be as much as $2 million for physical damage, or as much as $2 million for economic damage for…