Oregon’s New Corporate Activity Tax (CAT)
UPDATE, December 2019: New Oregon Tax – Be prepared to file a new gross receipts tax return in 2020! On May 16, 2019, Oregon Governor Brown signed House Bill 3427, which adopts a new Corporate Activity Tax (CAT) imposed on all types of business entities. The CAT will be in
Wholesale & Distributors Should Prepare for Change in 2020
When the Federal Reserve (“the Fed”) dropped interest rates for the third time in a row this past October, the business world took notice. At the time, the Fed stated their rate drops were simply insurance against a recession and not indicators one was imminent. This move may have paid
Five Steps to Completing the New W-4 Form for 2020
The Tax Cut and Jobs Act (TCJA) brought about numerous changes to many IRS forms. To more accurately calculate employee withholding, the W-4 Employee’s Withholding Certificate was altered for 2020. The previous form focused on personal exemptions, while the new form considers all aspects of income. The new W-4 has
Ducks In A Row Announces New President: Bridget Bornhorn, CPA
Ducks In A Row™, a boutique accounting and bookkeeping firm, merged with Barnes Dennig in January 2019 to jointly expand financial services to its growth-minded, small to middle-market clients. Bridget has served the staff and clients of Barnes Dennig for over 20 years as an accountant, and then as Barnes
Face-to-Face Meetings with Noncompliant Taxpayers
Many people receive IRS notices in the mail, which can be frustrating when trying to resolve the issue since “snail mail” takes forever. Also, let’s not mention the hours spent on hold when trying to discuss the matter with an agent over the phone. Trying to resolve the tax issue
Good News: Tax Deduction from Foreign Income
The Tax Cut and Jobs Act (TCJA) has brought significant changes to the U.S. taxation of foreign income. For decades, the income of certain foreign subsidiaries was only taxed in the U.S. upon repatriation of the income to the U.S. entity. The TCJA changed this deferral regime to a system