Firm Update for COVID-19
On March 20, 2020, it was announced by Treasury Secretary Steven Mnuchin that due to the ongoing Coronavirus emergency the filing deadline of April 15, 2020, has been officially moved to July 15, 2020. This extended filing date applies to…
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…
July 1, 2018 Oregon Payroll Updates
As of July 1, 2018, there are two new changes that are in place for employers and employees in the state of Oregon. Minimum wage will be receiving an increase and there is a new tax that has begun as…
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…
2017 Changes… in 2018!
Just when we thought all was said and done and final for the 2017 tax law, 31 items that had expired as of December 31, 2016 have been brought back, most with a new December 31, 2017 expiration date.
Wineries, Vineyards, Tax Cuts & Jobs Act (Oh My!)
There are changes across the board related to the Tax Cuts and Jobs Act signed into law in December of 2017. There are specific items relevant to wineries and vineyards.
2018 Standard Mileage Rates
Late in the afternoon on Thursday December 16, 2017 the IRS released the 2018 standard mileage rates with Notice 2018-03. These rates are used for calculating deductible amounts related to business mileage, charitable deduction mileage, medical mileage, and mileage related…
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…