Holiday Drive in Support of Liberty House!

Adjustments in 2018 Cost of Living Announced

The IRS has released an updated cost of living for next year.

2018 Cost of Living Adjustments Announced

Presentation of 2017 1099 & W-2 Seminar

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Presentation 2017 Updates on 1099’s & W2’s

 

Handouts
Corporations & Limited Liability Companies
Corporate Officer Exclusion Form 2578
Employer, Employee, & Wages
Independent Contractors

 

 

We are proud to announce that Amy Jordan has earned her Certified Public Accountant (CPA) license

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Salem, Oregon, November 2, 2017- Doty Pruett Wilson CPAs is proud to announce that Amy Jordan has earned her Certified Public Accountant (CPA) license.

Amy graduated from Corban University where she majored in business management and accounting. She was blessed to begin her professional career at Doty Pruett Wilson in June 2012. An exuberant asset to the team, Amy has been involved in the Salem community through Chamber of Commerce Events and networking groups. She joined the Salem Young Professionals Leadership Team in 2014 and has been active ever since. In the office, she is part of the vineyard, winery, and brewery niche and thrives on helping clients achieve their business and tax goals.

Outside from work, Amy, along with her husband Robert, enjoys cooking, entertaining, kayaking, and backpacking throughout Oregon. She also is heavily involved in training and showing her two Pembroke Welsh Corgis in dog shows throughout the Northwest.

IRS has significantly increased reporting penalties for 1099s & W2s: Join us for our update class

Corporate Coffee of Oregon: It’s Your Turn!

Subcontractor vs. Employee: How to Determine Who Gets a 1099

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With the end of the year approaching, it is time to think about who you are paying and year end reporting.

Deciding whether a worker is an employee or a subcontractor is largely a question of who determines how the work gets done:

  • If you (the employer) determines – then you probably have an employee. You tell the employee where, when, and how to complete the work.
  • If the worker determines – then you probably have a subcontractor. The contractor completes the project per your specifications, but does so by their schedule, has their own tools, and most likely does the same kind of work for others.Once you decided that you have a subcontractor working for you, how do you determine who needs a 1099? When you hire an individual or business under contract, you should give the contractor a Form W-9. This will provide you with their entity type and other pertinent information. In general, a 1099 should be prepared for any individual or unincorporated business that is paid $600 or more during the calendar year.

Proceed with caution when deciding whether to classify a worker as a subcontractor or an employee. Misclassifying has financial and tax implications for you (penalties for failing to pay employment taxes and/or for failing to file required tax forms).

Please call us at (503) 362-9152 if you need help with this

Corporate Coffee of Oregon: They Are Our Kids!

We will be closed on Monday, September 4 for Labor Day

We will be closed on Monday, August 21, due to the Eclipse

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With the expected high volume of people and traffic coming to Salem, we will be closed on Monday, August 21.