Is Your Estate Plan in Order?

With the estate and gift tax exemption at $11.58 million ($23.16 million for a married couple), there are fewer people that are exposed to the federal estate and gift tax.  However, unbeknownst to many, the $11.58 million exemption (indexed for inflation) will be retired in 2025 and go back to

Read More

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

Read More

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

Read More

Social Security Changes You Need to Know for 2020

Every year, the Social Security Administration adjusts the regulations for the Social Security program. These adjustments include various items such as the retirement age, earnings cap and benefit payout. The changes for this upcoming year are summarized below: Full Retirement Age Full retirement is the age at which the Social

Read More