by Joyce Kandt | Mar 18, 2021 | tax
What is the Employee Retention Credit (“ERC”)? The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) created a refundable employee retention credit as an incentive for employers to retain their employees during the 2020 pandemic. The Employee Retention... 
by Joyce Kandt | Mar 10, 2021 | tax
What is the Research and Development (R&D) Tax Credit? The R&D tax credit is a general business credit that was created for taxpayers that design, develop, or improve products, processes, techniques, formulas, or software. The R&D tax credit was first... 
by Cory Carroll | Feb 15, 2021 | tax
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... 
by Charles Le | Feb 5, 2021 | tax
For taxable years beginning on January 1, 2020, California will now allow cannabis businesses operating as individual sole proprietorships, limited liability companies taxed as partnerships and S Corporations to claim deductions and credits paid or incurred in... 
by Sara Raby | Dec 18, 2020 | tax
What is a donor-advised fund? A donor-advised fund (DAF) is like a personal charitable giving savings account. It allows donors to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund over time. The donor can... 
by Sara Raby | Dec 12, 2020 | tax
As 2020 closes, we can agree that this year was unlike any other; the pandemic, natural disasters, and expected future tax law changes following the election have had a significant impact on many taxpayers. In response to the pandemic, Congress passed two major pieces... 