June 7, 2019
With summer right around the corner, it is time to remind you that June 17th is the due date for the second quarter estimated tax payments. If you are required to make estimated tax payments, use the payment vouchers that you received following the completion of filing your 2018 returns.
If you have not finalized your 2018 taxes and you believe that you may owe estimated tax payments, please call the office so that we may assist you in determining how much you should remit to the IRS and the state.
Remember, if you do not pay enough tax by the due date of each payment period, you may be charged a penalty even if you are due a refund when you file your income tax at the end of the year. Further, you must ensure that your payment is postmarked by Monday June 17th to avoid additional penalties.
If you have any questions regarding your estimated tax payments, please call the office at 541.388.7888.
We hope you have a wonderful summer and look forward to hearing from you soon.
We wanted to update you on a recent development in Oregon’s gross receipts tax.
Several weeks ago, we notified you regarding a bill that had passed the Oregon legislature which levies a gross receipts tax on businesses with gross receipts over $1 million. The tax is $250 plus 0.57% of sales over that $1 million mark. A subtraction of 35% of the greater of labor costs...
Attention Payroll Clients!
SGA CPAs will be closed on Thursday, July 4th and Friday, July 5th . The office will be open the following Monday for regular business. We hope this does not cause you any inconvenience as it relates to any unscheduled payroll needs.
Should there be an emergency as it relates to the preparation of your payroll (such as needing a...
On May 16, 2019, Governor Brown signed into effect Oregon House Bill 3427. This bill, called the “Student Success Act,” imposes a gross receipts tax on many businesses in Oregon.
In summary, businesses with gross receipts over $1 million are subject to the tax, which is $250 plus 0.57% of sales over that $1 million mark. A subtraction of 35% of the greater of...