Senator Wyden’s recent ‘discussion draft’ legislation, if enacted, would drastically alter many of the tax rules that apply to partnerships.
We have updated two of our white papers to reflect an update in the SBA’s PPP loan FAQ for borrowers and lenders.
IRS will begin issuing letters to approximately 100,000 businesses with Employer Identification Number to update their information.
Recruiting is one of the most important functions of any company, especially in a tight labor market. In this video, we will cover 5 tips and strategies to help improve your success in attracting and hiring qualified candidates for your company.
Back in 2020, while COVID was raging on, Congress passed the Cares Act in order to provide relief for those businesses and individuals suffering from the negative effects that COVID was having on our economy. Within the Cares Act there was a credit called the Employee Retention Credit (ERC). The credit provided for a 50%…
I am sure most of us are happy that 2020 is finally over with and we are moving on to a new year, 2021. However, let’s not celebrate too early. With the new year comes new taxes if you are a business owner located in Eugene or are an employee of a business owner located…
Many of you are asking about the forgiveness application process for the Paycheck Protection Program (PPP) funds you received this year. A lot of talk has been going around about when to apply for forgiveness, whether automatic forgiveness is going to happen for PPP loans under $150,000.00, and how your tax returns will be impacted….
Qualified disaster relief payments received by an employee can be excluded from gross income under the Internal Revenue Code Section 139 Once President Trump declared COVID-19 and the Oregon Wildfires a national disaster under the Robert Stafford Disaster Relief and Emergency Assistance Act, and the IRS’s interpretation of the declaration for other tax purposes, it…
You have probably been hearing about the Payroll Tax Holiday executive order signed by President Trump earlier this month. We finally received a little guidance from Treasury on August 29th, via notice 2020-65 (follow this link to the notice: https://www.irs.gov/pub/irs-drop/n-20-65.pdf ). However, there are still a lot of unanswered questions, and we are urging all…
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Estate & Trust Director