News & Resources

/News & Resources
Do you need to file 1099s? Make sure you know about changes for 2020. Do you have employees? Make sure you know the year-end reporting and compliance requirements and what’s changing in 2021. Read More
On Monday evening, Congress overwhelmingly passed a $900 billion relief bill to provide assistance due to the COVID-19 pandemic. The new bill, named the Consolidation Appropriations Act, 2021, will provide more than $300 billion in aid for small businesses, extend weekly unemployment benefits, and provide stimulus payments to individuals. The
Congressional leaders reached an agreement Sunday on a new Stimulus Bill, providing assistance to Americans and businesses due to the COVID-19 pandemic. Both chambers are expected to vote on the new Bill today, and the full legislative text is expected soon. It is reported that the following items are included
On November 7, the Associated Press (AP) called the presidential election for former Vice President Joe Biden. While several legal challenges remain, President-elect Biden’s transition is now underway. Although President-Elect Biden has not released a formal, detailed plan addressing his vision for the tax code, we can gain a sense
As the world continues to contend with the COVID-19 pandemic and its economic fallout, businesses are doing all they can to mitigate risks and plan for a recovery that’s anything but certain. The path forward will likely not be linear. Different regions, industries and business segments may be in different stages
The Commercial Activities Tax (CAT tax) was enacted May 16, 2019. Proceeds of this tax will be used to establish a “fund for student success”. It is estimated that this will provide over $1 billion per year of additional funding for education in Oregon. Click here to read a summary
The IRS recently issued guidance regarding the timing of non-deductible expenses related to Paycheck Protection Program (PPP) loans in Revenue Ruling 2020-27. Included in the guidance is that eligible expenses used or to be used to obtain loan forgiveness will be non-deductible in the year the taxpayer reasonably expects to