As you revel in the financial benefits of your endorsements and partnerships, it’s crucial to remember the responsibility that comes with it—taxes. The tax deadline is April 15, 2024. To ensure you stay on the right side of the law and to make the most of your hard-earned income, we’ve put together this guide on […]
Navigating NIL Income: A Guide to Preparing Your Taxes as an Athlete with DPW Read More »
Forms 1099 Businesses (including Schedule C’s; farms, rentals, etc.) are required to prepare these annual informational returns for certain amounts paid during the conduct of their trade or business. Recipient copies are required to be issued by January 31, 2024. In order to meet this deadline, we need you to submit all of your information,
Important 2024 Tax Deadlines and Cutoff Dates Read More »
The Internal Revenue Service (IRS) has released the new 2024 contribution limits for investors’ retirement accounts, bringing some noteworthy changes. These adjustments impact 401(k) plans, individual retirement accounts (IRAs), and other retirement savings vehicles. For 401(k) plans, the employee contribution limit will increase to $23,000 in 2024, marking a slight uptick from the previous year’s
A Tax Break with a Patriotic Purpose Oregon has taken a remarkable step in recognizing the sacrifices and contributions of National Guard members by implementing a tax break for these dedicated individuals. The tax change specifically impacts the income tax of Oregon National Guard members, providing significant relief for those who serve in this important
The Oregon National Guard Tax Change: Supporting Our Troops on the Homefront Read More »
Oregonians have a reason to celebrate as the state is set to inject some unexpected cash into the pockets of eligible residents. The Oregon ‘kicker’ program, which refunds surplus state revenue to taxpayers, is making headlines for its remarkable $5.61 billion revenue surplus during the 2021-2023 biennium. This surplus, recently confirmed by the Oregon Office
Oregon ‘Kicker’ Credit: Who Qualifies and What’s It Worth? Read More »
With tax season fast approaching and it is taking the Internal Revenue Service (IRS) and Oregon Department of Revenue (ODR) 7-10 days to confirm your online account, we encourage you to create your accounts now to prevent payment delays. As technology evolves everyone, including the IRS and ODR, is moving toward only accepting online payments
Create an Account Now with the IRS/ODR Read More »
Employers now have a new tool to share information with their employees about Paid Leave Oregon. The model notice poster informs employees about benefits and tells them about their rights and duties under the program. Employers must post the Paid Leave Oregon model notice poster at each work site, and they must share it electronically
Paid Leave Oregon Poster Now Available Read More »
If you would like to make the election, you will be required to register on Revenue Online before estimated payments can be made.Registration will open June 6, 2022. For the 2022 tax year, the first required estimated tax payment is due June 15, 2022. The first quarter estimate was not required, therefore the estimated payment due on
Register Today. Pass-Through Entity Elective Tax Read More »
Each year, some taxpayers find themselves scrambling to find their income tax return paperwork, a year’s worth of receipts, and ultimately become stressed in the attempt to file their tax return by April 18. Others know and understand that simply filing a tax extension can earn them time, reduce their stress, and possibly, incur a lower
My CPA Says, “Extend.” What Does That Mean to Me? Read More »
The Basics As a Dasher, you’re an independent contractor. You might Dash full-time or as a side hustle but in the end it just means that Doordash doesn’t automatically withhold taxes from your paycheck. Instead you need to keep track of how much you owe based on what you’ve earned working with Doordash. The key
Doordash 1099 Taxes and Write offs Read More »
