2019 Oregon Kicker

In October, the Oregon Office of Economic Analysis (OEA) certified that the surplus refund (kicker) rate was 16 percent. However, the OEA recently updated the surplus refund (kicker) rate to 17.171 percent The kicker is a refundable tax credit claimed on your Oregon personal income tax, composite tax, or fiduciary income tax return. To calculate…

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What is the Oregon Corporate Activity Tax?

On May 16, 2019, Oregon Governor Kate Brown signed House Bill 3427 into law enacting the Corporate Activity Tax (CAT). Beginning January 1, 2020, a tax is imposed on each person with taxable commercial activity for the privilege of doing business in Oregon. The tax rate is 0.57% of taxable commercial activity over $1 million…

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Cybersecurity Update

Some alarming statistics were cited in an article recently posted by USA Today concerning compromised data “The number of data breaches resulting in exposed records is up by 54% year over year in the first half of 2019, and the number of records exposed in those breaches is up by 52%. More than 3,800 data…

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OregonSaves Retirement Plan

What is OregonSaves? OregonSaves is a Roth IRA retirement savings program sponsored by the State of Oregon, facilitated by employers and funded by employee savings. OregonSaves helps employers who are not currently sponsoring a qualified retirement plan provide a retirement savings option to their employees. Oregon is  the first state to begin implementation of state legislation…

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Client Feature | Laughlin Cartrell, Inc.

Some businesses are owned by families. And some just feel like they are a family. Laughlin Cartrell, Inc., an agricultural products distributor based in Carlton, Oregon, embodies the latter. “Business is built on relationships,” co-owner Bob Laughlin emphasized. “I think the reason for our success is the development of those relationships over a long period…

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Client Feature | Salem Emergency Physicians Service

The emergency department at Salem Hospital is a busy place—one of the busiest such departments on the West Coast, in fact. Staffed and run by Salem Emergency Physicians Service (SEPS), an entity separate from Salem Hospital, the department provides care for thousands of patients across Marion and Polk counties. Operating as a “democratic physician partnership,”…

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Client Feature | RAM Trucking

The team at RAM Trucking can haul almost anything: steel goods, paper mill rolls, Christmas trees, live bees and even a rhinoceros. You name it and they’ve likely run across it. Established in 1983 but purchased by its current owners in 2002, RAM Trucking has built an impressive reputation for being an honest and effective…

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Client Feature | Zena Forest Products

The drive to Zena Forest Products is an adventure in itself. Located more than a mile off a paved road in the Eola Hills, Zena Forest Products is a family-owned operation that melds sustainable business practices with the natural beauty of Oregon trees to create truly phenomenal pieces of wood. Visitors follow red-painted sawblades along…

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Tax Reform Legislation – Quick Tip

The tax reform legislation recently passed by Congress significantly changes the landscape for individuals beginning January 1, 2018, and continuing for many years to come. For many taxpayers, the changes made by the legislation present a host of tax planning challenges and opportunities going forward. Due to the elimination or limitation on itemized deductions, and…

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