Beyond the Numbers

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

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 leasehold improvements, machinery, equipment, furniture and supplies. It does not apply to inventory. All...

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 does not include payments made to corporations unless it is a payment for legal services rendered....

Minimum Wage Rates

Effective Jan. 1, 2023, the Washington minimum wage rate increases to $15.74 per hour. The Oregon minimum wage rate will be adjusted starting July 1, 2023 but that rate has not been released. The estimated rate is currently $14.60 per hour, unless within the Portland...

Filing Due Dates

In 2022 the filing deadline for multiple types of returns are consistent with prior years. The various due dates are: W-2s – Jan. 31 for providing forms to employees and filing with Social Security Administration 1099s-NEC – Jan. 31 for providing forms to vendors and...

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