2019 Standard Mileage Rates
On Friday, December 14th, 2018, the IRS released the 2019 standard mileage rates with notice 2018-251. These are very important numbers which are used for many calculations such as mileage reimbursements, expenses related to driving for businesses, medical mileage, and…
Oregon Minimum Wage Increase
As of July 1, 2018, minimum wage workers across Oregon will be receiving a wage increase due to 2016 Oregon Legislature, Senate Bill 1532. Beginning July 1, 2016, it calls for an annual minimum wage increase. These prescribed increases will…
New Oregon Transit Tax
Starting July 1, 2018 employers are to begin withholding one-tenth of a percentage or 0.1% for all wages earned in Oregon. This includes wages of all Oregon residents regardless of where the work is or was performed and wages of nonresidents who perform services in Oregon.
Small Business Owner Deduction Hack
A common question amongst people seems to be, “How do I go about paying less taxes?” As a CPA, I have never heard someone ask, “How can I pay more taxes?” If you are a small business owner, particularly one…