Beyond the Numbers

Our Beyond the Numbers blog is published with articles on a monthly basis.

It’s Tax Time! Tips to Get Organized

It’s Tax Time! Tips to Get Organized

The beginning of a new year means Tax Season is on the horizon. Here are some tips to help get you organized. Look for your tax forms. Forms W-2, 1099, and 1098 will start hitting your inbox or mailbox in the next couple of weeks. If you have not already done so,...

Identity Thieves Love Tax Season

Identity Thieves Love Tax Season

The vast amount of information shared online during tax season makes it a haven for identity thieves, and they're doing everything they can to take advantage of the opportunity. Below we’ve outlined ways that identity thieves are targeting you, common signs of ID...

Year-End Tax Cutting Ideas

Year-End Tax Cutting Ideas

Yes, there are moves you can make to reduce your taxable income. But the year is quickly coming to a close, so plan accordingly. Tax loss harvesting. If you own stock outside a tax-deferred retirement plan, you can sell your under-performing stocks by December 31 and...

SALT Workaround for State Taxes in 2022

SALT Workaround for State Taxes in 2022

The following article written by Randy Sprenger, EA, our Estate & Trust Manager applies to S Corps and Partnerships and their owners. What is SALT? No, it's not just pepper's companion. In the tax world, SALT stands for State And Local Tax, and is the acronym for...

Oregon Paid Leave

Effective January 1, 2023 employers are required to start making contributions to the Paid Leave Oregon fund.  The law applies to both public and private employers with one or more employees, and self-employed individuals may opt in for coverage. Employers with...

Washington Capital Gains Tax

The Washington 7% tax on capital gains in excess of $250,000 went into effect January 1, 2022. During the year the courts ruled the tax as unconstitutional and invalid.  The State has appealed the ruling to the Washington Supreme Court.  While the appeal is pending...

Meals and Entertainment Deductions

In response to the pandemic, businesses were allowed to deduct meals purchased from a restaurant at 100%. That benefit has now expired, and beginning January 1, 2023 meals are back to being only 50% deductible. Businesses should have three categories of meals and...

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