Oregon’s new minimum wage law takes effect on Friday, July 1, 2016, and employers have a few things to do in order to be prepared. Each employer’s to-do list depends on the type of workers they have: If your business employs workers who report to a fixed location and work there every day, be prepared…

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During 2016, the voters of Oregon will have a chance to vote on Initiative Petition 28 (IP 28). IP 28 purposes a 2.5 percent gross receipts tax on any Oregon sourced gross receipts in excess of $25 million for C-Corporation. In order for Oregon voters to make an informed decision on IP 28, it is…

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As the new year begins, it is time to start thinking about and preparing for filing your Personal Property Tax Returns.  Personal Property Tax Returns have a new filing date of March 15th and can no longer be extended.  Returns filed after March 15, 2016 will be assessed a penalty of at least 5%.  The…

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Isler CPA is now connected to the ultimate Internet medium: fiber optic.  Simply stated, there is no better Internet connection than fiber to your building.  Since we rely heavily on quality Internet connectivity for our applications and data, this is a major leap forward for our business. “We’re glad to see this project come to…

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2016 Housekeeping

Now that 2015 is coming to a close it is time to start thinking about 2016 and all that comes with the new year.  Below is a summary of housekeeping items to keep in mind for the upcoming year. Filing Requirements for 2015 forms in 2016 Form 1099s – Be sure to review your records…

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Each quarter, RSM’s accounting thought leaders update middle-market businesses on recently issued and proposed accounting guidance to discuss the implications and effects on middle-market companies, like yours. The following topics will be discussed on the webcast: Recently issued and effective guidance Developments in the financial instruments and leases projects Status of changes to new revenue…

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EMAIL SCAM ALERT

Our spam filtering partner  is reporting a high incidence of scam email designed to trick you into launching viruses on your computer. This virus circulating is the UPS/Fed Ex/USPS Delivery Failure. You will receive an e-mail from UPS, Fed Ex, or USPS along with a packet number. It will say that they were unable to…

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The United States Department of Labor (DOL) Office of Chief Accountant recently stressed, in a letter emailed to plan administrators, the importance of obtaining a quality audit from a qualified and experienced CPA firm. This letter explains that selecting a qualified CPA who has the expertise to perform an audit is a critical responsibility in…

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Contribute up to $2,550; $500 Carryover Option Available to Many. The Internal Revenue Service today reminded eligible employees that now is the time to begin planning to take full advantage of their employer’s health flexible spending arrangement (FSA) during 2016. FSAs provide employees a way to use tax-free dollars to pay medical expenses not covered…

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Summary of Sick Leave Law

The State of Oregon passed a law on June 22, 2015 requiring employers to provide protected sick time to all employees.  This new law goes into effect as of January 1, 2016 and affects all businesses.  We recommend that businesses review their current sick / vacation / PTO policies to ensure these policies are in…

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