The Kernutt Stokes Advisor

Oregon Commercial Activities Tax (CAT): Summary of Key Provisions

by Don Lance On May 16th the governor signed House Bill 3427 into law.  This bill creates additional funding for education through a multi-billion dollar commercial activities tax to be imposed on persons doing business in Oregon.   The following outline summarizes some of the key provisions of the law. By its nature, this summary does not provide all of the…

Year End Tax Planning

By Matthew Diment With the end of the year quickly approaching, now is the time for any last minute planning to reduce taxable income for the year and to plan for 2019 and 2020 taxes.  It is also a good time to revisit the changes from the 2017 tax legislation and what impact those changes continue to have. Businesses that…

SECURE Act of 2019

by Dean Huber On May 23 the House of Representatives passed the Setting Every Community Up for Retirement Enhancement Act of 2019 (“SECURE Act”) by a vote of 417 to 3.  Given such broad support it was expected to fly through the Senate. When the bill passed through committee it included a provision allowing up to $5,000 of tax free…

Oregon and Eugene Updates

By Jennifer Cranford, CPA OregonSaves Implementation OregonSaves retirement savings program launched in April 2017.    OregonSaves requires an employer that does not already sponsor a qualified retirement plan to automatically enroll its workers age 18 or older in a state-managed Roth Individual Retirement Account (IRA) program.  Contributions will be made by employees on a payroll-deduction basis.  Employees can choose to opt…

Kernutt Stokes Service Spotlight – Dental Industry

by Jonathan Powell Kernutt Stokes has the experience to help dental professionals handle the industry-specific complexities they face today. We consult on all aspects of running an office with the goal of enhancing efficiencies and profitability. As your trusted consultant and advisor, we can help guide you through the challenges you face daily in your practice. For example, did you…

How Will Ongoing U.S.-China Trade Tensions Impact Consumer Spending?

According to the U.S. Department of Commerce and the U.S. Census Bureau, retail sales came in at a negative 0.3 percent for September, even though it’s still 4.1 percent more than September 2018’s report. The same report followed up on August 2019’s numbers, with a revision by the agency to 0.6 percent, up from 0.4 percent. With the ongoing U.S.-China…