Oregon Restaurant & Lodging Association members who meet the group eligibility requirements can receive an additional 14% discount with SAIF in the ORLA Group plan
[Wilsonville, OR] – SAIF announced today final approval of a 14% discount on workers’ comp premiums for Oregon Restaurant & Lodging Association (ORLA) members who meet the group eligibility requirements. This represents the largest discount available for Oregon’s hotels and restaurants in the program.
"With the cost of doing business continuing to rise, this program provides needed coverage along with significant cost savings for hospitality members,” said Jason Brandt, president and CEO of ORLA. "We are excited about the new group discount and the continued opportunities we have to jointly promote safer workplaces with our partners at SAIF.”
ORLA’s endorsed service partnership with SAIF gives eligible ORLA members a workers’ compensation group discount that is validated by NCCI and approved by DCBS. As the restaurant and lodging industries face some of the most difficult workplace safety challenges, this partnership aims to reduce worker injuries and improve member’s safety programs.
SAIF also declared two dividends earlier this year, one based on premium and one tied to safety performance. SAIF determines whether a policyholder dividend is appropriate based on capital levels, claim trends, and the overall economic environment. This year SAIF has seen strong investment returns and favorable trends in injury prevention and claim cost containment.
“As a not-for-profit with a public mission to make workers' comp available and affordable, paying dividends is an important part of the value we offer Oregon employers,” said Kerry Barnett, president and CEO of SAIF. “In addition to dividends, we are proud to offer our customers some of the lowest rates, best-in-class service, and the largest network of workplace safety professionals of any insurance carrier in Oregon,” said Barnett.
Ask your agent for an ORLA Group quote or contact SAIF directly at 888.598.5880.
SAIF is Oregon's not-for-profit workers' compensation insurance company. Since 1914, we've been taking care of injured workers, helping people get back to work, and striving to make Oregon the safest and healthiest place to work. For more information, visit the About SAIF page on saif.com.
Calculating the Corporate Activity Tax (CAT)
The Corporate Activity Tax is complicated and calculating your potential tax can be confusing. Therefore, ORLA has created a CAT calculator example to help our members understand how to calculate the tax. This exercise is only meant to help you project what your tax liability could be next year based on your sales in 2018. As always, please be sure to consult your tax advisors.
Corporate Activities Tax Passed in the Legislature
The Corporate Activity Tax was one of the 2019 Legislative Session bills having the biggest impact on businesses. ORLA was opposed to this bill as it raised taxes on corporate activity for businesses with gross revenues of over one million dollars. ORLA, along with others in the business community, was able to amend the original bill to include a deduction for labor or cost of goods sold. The association will work during the rule making session to ensure hospitality businesses will be able to include the tax increase on receipts so customers can see the impact of the tax.
According to Oregon's Department of Revenue, the Corporate Activity Tax is imposed only after a taxpayer exceeds $1 million of taxable commercial activity. Once they pass that threshold, the tax is $250 plus 0.57% on gross receipts greater than $1 million after subtractions. Proceeds of the tax are directed by statute to boost funding for public schools. Some key points to know:
DOR Sought Industry Input in CAT Rule Making
The Department of Revenue (DOR) held a series of town hall meetings across the state in September-October to seek input from business taxpayers about the administrative rules for Oregon’s new Corporate Activity Tax (CAT). Nearly 900 business taxpayers and tax professionals took part in these public forums or participated in video conferences and conference calls. More information is now available on the CAT page of DOR website.Astley@OregonRLA.org.