CalSavers’ Mandate – June 30 deadline approaching

CalSavers’ Mandate – June 30 deadline approaching

An important deadline is on the horizon for California business owners. By June 30, 2022 employers with an average of five or more employees in California for 2021 are required to have a retirement plan in place for workers — either through a private-market option,...
California SALT Cap Workaround (AB 150)

California SALT Cap Workaround (AB 150)

The Tax Cuts and Jobs Act (TCJA) passed in late 2017 put a $10,000 limit on the amount of state taxes individuals could subtract as itemized deductions.  As a workaround, some states have enacted legislation to allow certain pass-through entities (PTEs) to be taxed at...
New Oregon Tax – Effective for 2020

New Oregon Tax – Effective for 2020

As a means of raising an anticipated $1 billion in new annual revenue for state education investments, Oregon has enacted a corporate activity tax (CAT), effective for tax years beginning on or after January 1, 2020. What is the CAT? The CAT is imposed on taxpayers...