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
Update: In a highly anticipated ruling on June 20, 2024, the U.S. Supreme Court upheld the constitutionality of the Tax Cuts and Jobs Act’s Mandatory Repatriation Tax (MRT) by a vote of 7-2. The Court ruled that Congress can tax entities on their shareholders and partners, confirming the MRT a
Irrevocable Grantor Trusts (IGTs) have long been a critical tool for estate planning and effectively achieving tax minimization on asset transfer, providing the tools necessary to avoid probate, transfer assets, conduct legacy planning, and ensure the minimization of federal estate taxes. Currently, one of the most unsettled topics is how
Driven to Win The automobile dealership business is a race to the finish line, every day. We understand the unique challenges you face– after all, we’ve been working with dealerships for over 35 years. Our automobile dealership team understands how dealerships truly work – and their in-depth knowledge means they
By working together, Fractional and SALT professionals deliver integrated solutions that increase efficiency and value, maximize resources, reduce costs, and help your business thrive. Fractional Accounting and Advisory Services refer to financial and accounting professionals who offer their expertise and services on a recurring scheduled basis. The right fractional resource
Unlock the Door to Compliance and Tax Savings If your company is thriving, you know success can cut both ways when it comes to taxes. Maybe you like to play it safe. Maybe you prefer to build momentum by pursuing tax savings and reinvesting it in your business. But what
Corporations and businesses with international operations may soon see a bigger tax bill. On March 31, 2021, President Joe Biden unveiled the American Jobs Plan, which focuses on upgrading and repairing physical infrastructure, investing in manufacturing, and expanding long-term healthcare services. And to offset the cost of the American Jobs
In 2021, nearly 140 countries agreed to apply a minimum tax rate of 15%, updating decades-old rules on cross-border taxation. Introduced by the Organization for Economic Cooperation and Development (OECD), the new minimum tax rate is expected to generate an additional $220 billion in tax income globally. On February 2,
On Tuesday, April 21, 2020, the U.S. Senate approved a $484 billion coronavirus relief package to appropriate funds for the Paycheck Protection Program and increase authorization for Emergency Economic Injury Disaster Loan (EIDL) grants, in addition to providing funds for hospitals and coronavirus testing. The U.S. House is expected to
At first glance, the new payroll-tax deferral plan appears to provide relief to employees struggling in the wake of the sweeping economic devastation caused by the global pandemic – but know that there are substantial risks to both employees and employers in participating. What the Payroll Tax Deferral Plan Does
In July 2025, the Indiana Department of Revenue (DOR) released an important update to Sales Tax Bulletin #21, clarifying the tax treatment of lawn care applications and related services. This revision will significantly impact how businesses in the landscaping, pest control, and exterior services industries apply and collect sales tax,