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Breaking News: COVID Relief Bill Passed – President Has Signed into Law 12.27.2020

On December 21st, Congress passed the long-awaited Coronavirus Relief Bill. There are many pieces to this new package and here are some of the highlights. Read on… Extension of Unemployment Insurance Compensation Benefits An 11-week extension of the unemployment insurance (UI) compensation benefits first provided in the CARES Act that are due to expire on December 26. …

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New coronavirus stimulus package contains some big tax items

The latest round of coronavirus stimulus legislation introduced in Congress on Monday includes some major tax provisions and changes for accountants to watch out for in the New Year. For example, the package broadens the eligibility for stimulus payments. Under the CARES Act, joint returns of couples where only one member of the couple had …

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Oregon Small Business Relief Funds Per County

We have been reaching out directly to each individual county to help gather information regarding the small business relief funds recently announced by Governor Brown. Each county will be responsible for determining the eligibility criteria and application process for distributing those funds.  Below is the updated list of the counties that currently have information available. …

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YEAR-END TAX PLANNING UNDER A BIDEN PRESIDENCY

Although vote counting continues and legal challenges to the election endure, many news media organizations are projecting that former Vice President Joe Biden will become the 46th President of the United States on January 20, 2021. The House of Representatives will remain under Democratic control, but control of the Senate is somewhat less certain since …

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FREE SUPPLIES FOR SMALL BUSINESS AND CHILD CARE PROVIDERS

Supplies for Small Businesses & Child Care Providers The Governor’s office in partnership with the Oregon Legislature’s Emergency Board, allocated $10 Million from the federal CARES Act funding for the purchase of supplies including masks and gloves for small business. The State of Oregon is fulfilling orders at no charge until resources are depleted. Due …

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