Tax Credit Pays for Keeping Employees on Payroll

Tax Credit Pays for Keeping Employees on Payroll

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To help businesses retain employees and keep them employed during the COVID-19 crisis, Congress has provided a refundable employer retention credit available to all qualifying employers regardless of size, including tax-exempt organizations. To…
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COVID-19 Guidelines & Rules

CDC Guidelines Practice social distancing – keep a minimum of 6 feet a part Wash hands often, with soap – for 20 seconds minimum Use hand sanitizer only if soap and water are not available Don’t touch your face Say home if you are…
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Update on Portland and Oregon Tax Deadlines

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To our valued clients and friends, Things are changing by the day as governments continue grappling with ways to provide relief during the Coronavirus Pandemic. Please see below for updates on various taxing jurisdictions: State of Oregon Except…
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Payroll Protection Plan Infographic

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides…
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Small Business Paycheck Protection Program

The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. Fully Forgiven Funds are provided…
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Update on IRS Relief and SBA Disaster-relief Loans

To our valued clients and friends, In IRS Notice 2020-18, the IRS granted additional relief to individuals impacted by the Covid-19 virus Pandemic. This Notice supersedes Notice 2020-17 by removing the tax payment limits and automatically…
What Does the $2 Trillion Stimulus Package Mean for You?

What Does the $2 Trillion Stimulus Package Mean for You?

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The “Coronavirus Aid, Relief, and Economic Security Act” (Cares Act) includes many tax and financial breaks for both individuals and businesses. We broke down many of the essential elements and how they can assist you and your business during…
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Tax Day Change

To our valued clients and friends: The Secretary of Treasury appears to be moving the tax due date to July 15th: "We are moving Tax Day from April 15 to July 15," Secretary Steven Mnuchin tweeted. "All taxpayers and businesses will have…
Can’t Pay Your Taxes? Payment Due Date Extended Because of COVID-19

Can’t Pay Your Taxes? Payment Due Date Extended Because of COVID-19

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Although most American taxpayers receive a refund each year when they file their income tax returns, there are those who for one reason or another end up owing. However, lots end up owing on April 15th and many don’t have the means to pay…
Coronavirus and Taxes: Frequently Asked Questions

Coronavirus and Taxes: Frequently Asked Questions (FAQ)

The COVID-19 outbreak is affecting every facet of our lives – including our taxes. Check here for all your FAQ to see how you may be impacted.   Q: Has the government extended the filing deadline? A: Yes, the federal government…