Financial Sense Blog

/Financial Sense Blog
On March 27, the president signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law.  The CARES Act significantly amends the longstanding Small Business Act by expanding the accessibility and the amount of funds available to small businesses.  Prior to the CARES Act, the Small Business Administration (SBA)
On March 27, the president signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. The 883 page bill is filled with numerous financial and economic relief provisions for individuals and business. This article summarizes our initial remarks, however we will provide additional comments in the days and
On March 18, the Families First Coronavirus Response Act (the Act) was signed into law by President Trump. As temporary legislation, the  Act will become effective on April 1, 2020 and will expire as of December 31, 2020. The Act provides for paid sick leave, paid family leave, and employer tax
Yesterday afternoon the Oregon Department of Revenue issued its much anticipated guidance providing income tax relief due to the COVID-19 pandemic. We now have the final information necessary to fully evaluate the tax relief available for both federal and Oregon income tax purposes in the context of the April 15,
On March 23, Governor Kate Brown signed Oregon Executive Order 20-12 requiring several “stay at home” provisions that will likely impact your business and ours.  For more details of Executive Order No. 20-12, please click on this link. Like many of you, Kernutt Stokes is subject to workplace restrictions imposed
The IRS announced this morning that the tax filing deadline has been moved to July 15th.  Previously, the IRS had extended the payment deadline only. Now, the federal income tax filing and payment deadline has been extended until July 15th. Prior federal guidance also provided that the extension of the payment due date
In these uncertain times, many of you are concerned like us about what the future will bring for you, your employees and the overall health of your business. Some companies have suffered a complete interruption in business while others are just beginning to see a significant slowdown. While we don’t
There has been much speculation surrounding the impact of the Coronavirus (COVID-19) pandemic on the U.S. tax filing deadline. At a Tuesday White House briefing, Treasury Secretary Steven Mnuchin announced new relief measures that are effective immediately. The Internal Revenue Services (IRS) has extended the tax payment deadline for 2019
At Kernutt Stokes, the health and safety of our employees, clients and communities are of paramount importance. For this reason, we are taking specific precautions to protect our staff and visitors during the current outbreak of coronavirus. With confirmed cases reported in Oregon, we are considering the potential impact and
This article discusses three different methods that one can use to value a business. For example, the asset approach, market approach, and income approach are all unique in their own way and could provide different benefits to meet what you are looking for. To view this article, click HERE to