February 12, 2020
The Federal government retroactively extended many tax breaks that may affect your 2019 and 2018 tax returns. Extended tax breaks that impact personal income tax returns include:
For businesses, the Work Opportunity credit wages subtraction was also extended.
These extenders apply for tax years 2018-2020, and 2018 returns can be amended to include them.
SGA will review 2018 income tax returns to determine who may qualify for amendment to claim the benefits, as well as the potential income tax impact of doing so. Please contact us if you think any of these extenders may apply to your income tax situation.
On July 1, 2020, Oregon’s minimum wage will increase by $0.50/hour, rates determined by county. The Standard rate will increase to $12.00/hour, Portland Metro rate to $12.50/hour, and Nonurban Counties rate to $11.00/hour. All hours worked beginning on or after 12:01 A.M. on July 1, 2020 must be paid at the new, increased minimum wage rate. A map of current minimum wage by county can be...
We’re excited to announce our latest feature: Contact Ability to Message, Share, and Invite in Liscio. This was highly requested by the majority of our customer base.
Contact Ability to Message, Share, and Invite
Before this feature, contacts were limited to communicating with firm members and often requested to include their spouse, business partner,...
2019 income tax filing deadline extended
The US Treasury Secretary announced March 20, 2020 the deadline to file 2019 individual income tax returns has been extended to July 15, 2020. In a previously released statement, Oregon Department of Revenue indicated they would conform the state filing deadline with any changes made at the federal level. We will...