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Category Archives: News & Updates
5 tips for businesses to avoid compliance penalties when paying contractors
The American Payroll Association (APA) recently published a press release that included a few basic tips to keep a business out of trouble when utilizing independent contractors. Here is the quick overview: The American Payroll Association (APA) has issued a … Continue reading
Apartment Insider Report
Maximizing the Tax Benefits of Real Estate Investing presented by Matt Mattecheck at the Apartment Insider Report.
Posted in News & Updates, Resources, Tax Strategy, Uncategorized
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Congress approved extension for employee-side payroll tax cut
At the eleventh hour, Congress approved a two-month extension of the employee-side payroll tax cut in the Temporary Payroll Tax Cut Continuation Act of 2011. The two-month extension, for January and February 2012, is intended to give lawmakers additional time … Continue reading
State Tax Day – Current, S.17Oregon—Corporate, Personal Income Taxes: Second Tax Credit Auction Announced, (Nov. 30, 2011)
The Oregon Department of Revenue (DOR), in conjunction with the Oregon Department of Energy, has announced a second auction of tax credit certificates worth $1,000 each that can be used to offset corporate or personal income tax liability. The minimum … Continue reading
Three Percent Witholding Repeal and Job Creation Act
Congress has approved legislation repealing the three percent withholding on government contractors and expanding tax incentives to encourage employers to hire military veterans. Full Article
Posted in News & Updates
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Research & Development Credit
Are you missing out on a lucrative tax credit? Learn more about a long standing tax credit for research and development expenses and how we might be able to help you take advantage of this opportunity. Research & Development
Posted in News & Updates, Resources
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Interest Rates Decrease for the Fourth Quarter of 2011
IR-2011-85, Aug. 28, 2011 WASHINGTON – The Internal Revenue Service today announced that interest rates will decrease for the calendar quarter beginning Oct. 1, 2011. The rates will be: three (3) percent for overpayments [two (2) percent in the case … Continue reading
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FUTA surtax no longer in effect
Effective July 1, 2011 the 35 year old federal unemployment tax (FUTA) surtax will no longer be in effect. The surtax was one component of the 6.2% gross unemployment tax rate that employers paid on the first $7,000 in wages … Continue reading
IRS extends FBAR deadline
On June 16, the IRS released Notice 2011-54, which provides additional time for certain individuals with signature authority over (but no financial interest in) foreign financial accounts to file Form TDF 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR). … Continue reading
PRESENTATION OF COMPREHENSIVE INCOME
The Financial Accounting Standards Board (FASB) has issued new guidance for how public and private companies must present other comprehensive income (OCI) and its components in their financial statements. The guidance applies to all companies that report items of OCI … Continue reading
