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Accounting & Tax Advice

Defense Against Cyber Threats and Phishing Snares

Financial data and personal information is vulnerable to the attacks of cyber criminals.  Identity thieves are actively trying to obtain your tax and financial documents. Do you know how to protect your financial and business data from ransomware, malware, email phishing and other threats? As tax professionals, we are keenly…

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Overtime rules: What Employers Should Know

The Fair Labor Standards Act (FLSA) has protected employees from unfair treatment since 1938.  The law establishes minimum wage, overtime pay, record-keeping and youth employment standards effecting employees in the private and public sector. Employers need to understand how to classify workers and identify how these rules apply to them.…

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Oregon Minimum Wage Increases Friday

The first in a series of scheduled minimum wage increases begins Friday when minimum wage will increase to $9.75 in the Urban/Portland areas.  The new minimum wage system takes effect July 1, 2016. Under the new system the rates gradually increase from 2016 through 2023.   Three tiers of minimum wage…

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What are Estimated Tax Payments?

January 15 is the due date for the final estimated tax payment for 2015 taxes.  I’ve had several clients ask questions about the “rules” regarding estimated tax payments, so here is an explanation. The tax system is a pay-as-you-go tax system, which means that you must pay income tax as…

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2015 Health Insurance Reporting

We started in 2014 to report health insurance coverage on our individual tax returns.  If you were covered by health insurance through your employer or an individual policy, you only needed to check the box to indicate that you had health insurance coverage. If you purchased your health insurance on…

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