Beyond the Numbers
Oregon Paid Leave
Effective January 1, 2023 employers were required to start making contributions to the Paid Leave Oregon fund. The law applies to both public and private employers...
Washington Capital Gains Tax
The Washington 7% tax on capital gains in excess of $250,000 went into effect January 1, 2022. This tax will generally be imposed on Washington residents but could...
Personal Property Taxes
Property tax not only applies to real property, but also applies to personal property that is owned and used in a business. Personal property includes...
1099 Reporting Requirements
Taxpayers who have an active trade or business are required to prepare Form(s) 1099 to report various types of payments made during the year. The filing requirement...
Health Insurance Paid on Behalf of Partners and LLC Members
Partners in a partnership and LLC members may be able to deduct all the medical, dental and qualified long-term care insurance paid on their behalf and on their...
Minimum Wage Rates
Effective Jan. 1, 2024, the Washington minimum wage rate increases to $16.28 per hour. The Oregon minimum wage rate is currently $14.20 per hour, unless within the...
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