Important Tax Updates
-Important Updates- Personal Tax Filing Deadline Extended until May 17th Updates on PPP Loans & Applying for Forgiveness Updates on the Employee Retention (ERC) Credit Updates on the HHS Provider Relief Fund… Continue On +
American Rescue Plan Act (ARP Act)
Yesterday, the President signed the American Rescue Plan Act (ARP Act) of 2021 (the stimulus package). Below are some highlights of the ARP Act: $1,400 per person stimulus payments for taxpayers and… Continue On +
HHS Provider Relief Fund Registration is Open and You Must Register
If you have received the Health and Human Services (HHS) Provider Relief Fund payments of $10,000 or more, you must register in the Provider Relief Fund reporting portal. This is a new… Continue On +
TD & ADCPA Study Club Session #3 on March 2nd
Exclusive Thriving Dentist & ADCPA Study Clubs for ADCPA Dentist Members We had an amazing TD & ADCPA exclusive study club session #2 on Tuesday, January 19th. I hope each… Continue On +
The Employee Retention Credit – A Tax Credit That May Benefit You
When the Employee Retention Credit (ERC) first came out in 2020, the rule said that if you received PPP loan money, you were not eligible for the ERC. For most taxpayers, that… Continue On +
The Multnomah County Preschool for All Tax for 2021
Multnomah County has a new Preschool for All Tax that takes effect in 2021. The tax was approved by voters in November of 2020. Currently, Multnomah County is negotiating with the City… Continue On +
The City of Portland’s New Metro Individual and Business Income Tax for 2021
The City of Portland has a new Metro Homeless Services tax (Metro) that impacts individuals and businesses starting in 2021. The tax was approved by voters in May of 2020. Now that… Continue On +
Preparing for PPP Round 2 Application Process
Most banks will be opening their portals to accept the second round of PPP applications early next week. If you are planning on applying, please make sure you have contacted your banker… Continue On +
Changes for Individual Taxpayers in the New COVID Relief Law
Article Highlights Additional 2020 Recovery Rebates Educator Expense Unemployment Assistance Earned Income Tax Credit (Eitc) & Child Tax Credit (CTC) Cash Charitable Contributions for Non-Itemizers Cash Charitable Contributions for Itemizers Flexible Spending… Continue On +
SBA PPP Loan Part II – You May be Eligible
Congress, in the latest COVID-19 relief bill, has established a new SBA PPP Loan Program and you may be eligible for additional money. The SBA recently released guidance for the new PPP… Continue On +
Business Meals Provided by Restaurants are 100% Deductible in 2021 and 2022
With the passage of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, there are several tax changes. One change we wanted to make you aware of is the deduction for… Continue On +
PPP Loan & HHS Provider Relief Fund Updates
Not only is this a busy time of the year with the holidays, but it is also busy with staying on top of updates regarding PPP loans and HHS Provider Relief Funds. … Continue On +