Unclaimed Patient Refunds
Around this time of year, Fluence sends out a letter about submitting unclaimed patient refunds older than three years to the state’s Unclaimed Property division. Along with a formal letter describing the… Continue On +
How to Minimize Oregon Estate Taxes
Currently the federal estate tax exemption is nearly $13.6 Million dollars, or $27.2 Million for a married couple. So, unless you have assets exceeding these amounts, your estate won’t pay any federal… Continue On +
Salary Increase for Exempt Employees – Effective May 22, 2024
The US Department of Labor (DOL) has amended the Restoring and Extending Overtime Protections rule. The final amendment increases the salary threshold required under the Fair Labor Standards Act. This is for… Continue On +
From Beach Parties to Tax Parties: A Brief History of Spring Break and Taxes
Spring break is synonymous with fun in the sun, but its history is as diverse as the destinations revelers flock to each year. Surprisingly, the origins of this beloved vacation period have… Continue On +
Do Not Be Misled About Annual Reports
These false annual reports notices are being sent out again. Workplace Compliance Services (W.C.S.) has started sending 2024 Annual Reports to Oregon companies. This renewal is not from the State of Oregon… Continue On +
Read this if you accept cash payments and present large cases in your dental practice
Very few doctors are aware of one of the more drastic federal laws connected to receiving cash payments. If your practice receives a cash payment of $10,000 or more from a patient,… Continue On +
Paid Leave Oregon
Paid Leave Oregon benefits started September 3, 2023. Paid Leave Oregon is administered by the Oregon Employment Department. Employees apply online at Frances Online Landing Page (oregon.gov). The Oregon Employment Department will… Continue On +
Corporate Transparency Act – How does this affect you?
The Corporate Transparency Act is a new law taking effect on January 1, 2024. It will require companies registering as a business in a U.S. state, territory, or Indian tribe to file… Continue On +
Downtown Business Incentive Credit Program
In response to the increase in commercial real estate leasing vacancy in downtown Portland, the city has adopted the “Downtown Business Incentive (DBI)” temporary non-refundable credit program to incentivize new commercial lease… Continue On +
Firm Events and Write-Offs
One of the questions we hear a lot is along the lines of, “Can I write-off (insert team building event or social activity here) for my staff?” For example, “I’d like to… Continue On +
Non-Deductible Trip vs Deductible Business Trip
Summer is in full swing and with that comes vacation season. For that reason, I wanted to take a minute to share some requirements on how to turn your next trip from… Continue On +
Umpqua Transition
We know you have been receiving emails regarding the transition from Columbia Bank to Umpqua bank and you may have some questions. There are some steps you will need to take by… Continue On +