The Importance of Small Businesses Keeping Good Records for the IRS on Mileage, Meals, and Travel
When running a small business, maintaining meticulous records isn’t just advisable; it’s essential, especially when it comes to dealings with the IRS. Specifically, keeping detailed records of mileage, meals, and travel can… Continue On +
Downtown Business Incentive Credit **update**
As you’ll recall from the Fluence blog sent in late 2023, the City of Portland released its “Downtown Business Incentive” (DBI) credit program, which is a temporary non-refundable credit program to incentivize… Continue On +
Recharging Your Practice for 2025: A Fresh Start for Growth and Success
The new year is a time for reflection, goal setting, and renewal—and as a dentist, it’s also a chance to rejuvenate your practice and professional outlook. The fast-paced changes in technology, patient… Continue On +
Update On Corporate Transparency Act and FinCEN’s BOI Reporting- Feeling Confused on What You Are Required to Do? So Are We!
There have been several developments since our last blog on December 13th, 2024, https://www.fluenceportland.com/consulting/corporate-transparency-act-cta-and-fincens-boi-reporting. On December 23rd, 2024, the Fifth Circuit Court of appeals ruled in favor of the Justice Department lifting… Continue On +
Corporate Transparency Act (CTA) and FinCEN’s BOI Reporting
There have been several recent developments surrounding the CTA and BOI reporting that we recently released a blog about – https://www.fluenceportland.com/consulting/potential-action-item-business-ownership-information-boi-filing. Since the release of that blog a Texas federal court TEMPORAILY… Continue On +
POTENTIAL ACTION ITEM – Business Ownership Information (BOI) Filing
Who this Affects: If you registered your business with the Secretary of State’s office, you are required to file the BOI filing. This is required for each entity you form. Fluence is… Continue On +
S.M.A.R.T. Goal Setting
Setting and achieving goals can be challenging, with many obstacles standing in the way of success. However, starting with a clear strategy significantly increases the chances of reaching your goals. Since 1981,… Continue On +
UNCLAIMED PROPERTY REPORTING SITES OPENING SOON
Unclaimed property audits have been on the rise recently and we want to remind everyone of the upcoming deadlines and steps that need to be taken for each state’s annual unclaimed property… Continue On +
Preparing for the Unexpected: Essential Steps for Small Business Owners
As a dental practice owner, you juggle countless responsibilities every day. But amid all the hustle, it’s crucial not to overlook preparing for unexpected circumstances, such as death or disability. Ensuring your… Continue On +
Unclaimed Patient Refunds
Around this time of year, Fluence sends out a letter about submitting unclaimed patient refunds older than three years to the state’s Unclaimed Property division. Along with a formal letter describing the… Continue On +
How to Minimize Oregon Estate Taxes
Currently the federal estate tax exemption is nearly $13.6 Million dollars, or $27.2 Million for a married couple. So, unless you have assets exceeding these amounts, your estate won’t pay any federal… Continue On +
Salary Increase for Exempt Employees – Effective May 22, 2024
The US Department of Labor (DOL) has amended the Restoring and Extending Overtime Protections rule. The final amendment increases the salary threshold required under the Fair Labor Standards Act. This is for… Continue On +