NEWS & RESOURCES

Oregon Pass-Through Entity Tax Rate Modifications

Oregon Pass-Through Entity Tax Rate Modifications

Oregon has allowed a reduced tax rate for qualifying income for sole proprietorships, partnerships and S corporations that is taken on your individual return. The qualifying income must be from a business you materially participated in and the business must have employed at least one non-owner employee worked a minimum of 1,200 hours.

Kernutt Stokes Relocating Corvallis Office in June

Kernutt Stokes Relocating Corvallis Office in June

Kernutt Stokes is relocating from its current downtown Corvallis location to the Kings Crossing professional offices in June. The new office will be 6,000 square feet, much larger than the current office, and will have space for up to 21 employees. The new office address will be 2273 NW Professional Drive; the firm will occupy the entire second floor of the building.

New Relief Bill Includes Tax Provisions

New Relief Bill Includes Tax Provisions

The New American Rescue Plan Act Includes Tax ProvisionsYesterday President Joe Biden signed into law a new economic relief bill to provide assistance due to the COVID-19 pandemic. The new bill, named the American Rescue Plan Act provides $1.9 trillion in aid,...