July 14, 2017
Oregon’s House and Senate have recently passed, and Governor Brown is expected to sign, a transportation bill that includes increases to taxes to pay for transportation-related expenditures in Oregon.
One of these taxes is a new Oregon payroll tax of .1% on an Oregon resident employee’s gross wages. The tax is imposed on all Oregon residents, regardless of where their services are performed.
More details will be forthcoming. The tax will be withheld from the employee’s wages by the employer. If an employer fails to withhold the tax, it will be required to pay the tax itself and will additionally be subject to a penalty of $250 per employee (up to a $25,000 maximum) for failure to withhold and remit the tax.
We expect that the effective date will likely be January 1, 2018, but we will update when we hear definitively from the State, along with additional details as they become available.
2019 income tax filing deadline extended
The US Treasury Secretary announced March 20, 2020 the deadline to file 2019 individual income tax returns has been extended to July 15, 2020. In a previously released statement, Oregon Department of Revenue indicated they would conform the state filing deadline with any changes made at the federal level. We will...
The Federal government retroactively extended many tax breaks that may affect your 2019 and 2018 tax returns. Extended tax breaks that impact personal income tax returns include:
It has come to our attention that at least one client has received an email appearing to be from “Steve Greer” that asks the recipient to click a link to retrieve documents. This email is a hoax and should be deleted immediately – DO NOT click on the link provided.
If you receive an email that appears suspicious, the first step you should follow...