Beyond the Numbers
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...
W-2 Reporting for Health Insurance Paid on Behalf of S Corporation Shareholders
You may be able to deduct all the medical, dental and qualified long-term care insurance paid by the corporation on behalf of you and your family. In order to deduct...
W-2 Reporting of the Personal Use of Business Vehicles
If a business owns or leases vehicles that shareholders or employees use for personal reasons (including commuting) you need to include an employee benefit amount in...
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