New IRS Efforts to Destroy Tax Deductions for PPP Paid

From what we know, when lawmakers originally passed the Paycheck Protection Program (PPP), they thought that under its provisions ·  you did not pay taxes on the forgiveness amount, and ·  you also could deduct the expenses that you paid with the PPP money. Fly in the...

Five Things to Know About Employing Your Spouse

 Hiring your spouse to work as an employee in your business can save you big on taxes. The savings can be particularly great if you are a sole proprietor or have a single-member LLC taxed as a sole proprietorship or as a partnership (as long as your spouse is not a...

Oregon IDA Tax Credits Now Available

You can receive an Oregon state tax credit for 90% of your contribution when you donate by check, wire transfer, credit card or stock transfer. Individual Development Accounts, or IDAs, are matched savings accounts that change the financial futures of qualifying...