Taxes

Tax News

IRS Ruling on Automatic Gratuities / Service Charges

There was a new rule with regard to the treatment of service charges, as opposed to tips, that went into effect on January 1 of this year and it has operators confused. This will be a big change in certain sectors of the service industry.

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Tax Reform is Worth the Gamble

The Governor has been working on tax reform for the past few years, but has not accomplished much support. His chances of winning the Lottery may even be better than passing successful tax reform.

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Legislature Enacts Tax Cut for Small Businesses

The 2013 Oregon Legislature passed a tax cut to provide some relief for small businesses by creating an optional lower rate starting in tax year 2015 for active income from partnerships and S-Corps.

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Soda Tax: Government Control Through "Sin" Taxes

Congressional senate leaders were considering new federal taxes on soda and other sugary drinks to help pay for the overhaul of the nation's healthcare system. The taxes faced strong opposition from the beverage industry.

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