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 +
Do Not Be Misled About Annual Reports
Workplace Compliance Services (W.C.S.) has started sending 2021 Annual Reports to Oregon companies. This renewal is not from the State of Oregon and is not required. W.C.S. is a private, for-profit, out-of-state… Continue On +
Provide Tax-Free Benefits in the Form of Disaster Relief Payments
When the President declared COVID-19 a national emergency, it was afforded disaster relief status with the Internal Revenue Code. This status generally allows for payment to employees for costs incurred in coping… Continue On +
Urge Congress to Get to Work on a COVID-19 Relief Bill
The American Dental Association recently sent out the message below. We believe there is hope for a package to get passed before the end of the year and we encourage you to… Continue On +
CAT Registration
As you know, Oregon has a new Corporate Activities Tax (CAT) that went into effect on 1/1/2020. The first step you need to take regarding the new tax is to register your… Continue On +
NEW HHS FUNDING PHASE 3 PROVIDER RELIEF FUNDING & ORIGINAL HHS FUNDING UPDATES
A new HHS Funding Phase 3 opened on Monday October 5th. What follows are key items to know about this new round of funding along with HHS funding you may have already… Continue On +
IRS Provides Tax Relief Due to Oregon Wildfires
*This does not affect any previously filed tax returns or payments made.* On Wednesday, September 16, 2020, the IRS announced tax relief for Oregon counties in which FEMA had declared disaster effected… Continue On +
Social Security Tax Deferral – Effective September 1, 2020 – IRS Notice 2020-65 by Executive Order
Background On August 8, 2020, President Trump signed an Executive Order which would allow employees to defer paying in their share of Social Security taxes starting with payrolls that occurred between September… Continue On +
An opportunity to offset some of your unemployment benefit charges in Washington due to COVID-19
Washington has allotted 25 million to a COVID-19 unemployment account. Employers that pay taxes can apply to have this account offset some of their benefit charges instead of having them applied to… Continue On +