Largest Revenue Surplus in Oregon’s History Will Result in Kicker Credit on 2023 Returns
The Oregon Office of Economic Analysis (OEA) has confirmed a more than $5.61 billion revenue surplus in the 2021-2023 biennium, triggering a tax surplus credit, or “kicker,” for the 2023 tax year. The surplus—the largest in state history—will be returned … Read more…
Paid Leave Oregon Assistance Grants Now Available to Small Businesses
The State of Oregon Employment Department has announced that Assistance Grants are now available to small employers (fewer than 25 employees) who choose to pay into the Paid Leave Oregon program. These grants offer financial help to hire a temporary … Read more…
Paid Leave Oregon: New Resources
The Oregon Employment Department (OED) made available several new resources that employers can provide to employees who may need to apply for Paid Leave Oregon. As a reminder, employees could start applying on August 14th. These resources include:
Oregon’s Business Alternative Income Tax for Pass-Through Entities
In July 2021, Oregon established an elective Pass-Through Entity Tax (PTE-E), a business alternative income tax in response to the $10,000 cap on the federal State and Local Tax (SALT) deduction added in the 2017 federal Tax Cuts and Jobs … Read more…
How Employers Can Prepare for Paid Leave Oregon
Now is the time for Oregon employers to start preparing for the state’s new paid family and medical leave insurance (PFMLI) program, known as Paid Leave Oregon. Funded through payroll taxes, employers and employees will begin paying into the fund … Read more…
Upcoming Action Dates for Oregon’s Pass-Through Entity Elective Tax
In July 2021, Oregon established an elective Pass-Through Entity Tax (PTE-E), a business alternative income tax in response to the $10,000 cap on the federal State and Local Tax (SALT) deduction added in the 2017 federal Tax Cuts and Jobs … Read more…
Registration Opens June 6th for Oregon’s Pass-Through Entity Tax
Registration will open on Monday, June 6, 2022 for pass-through entities that are electing to pay the PTE-E tax. Registration is required before estimated tax payments can be made. Estimated taxes payment due dates are April 15, June 15, September 15 of the current … Read more…
Oregon releases plan for $1.9 billion “kicker” tax credit
A release from the Oregon Department of Revenue has confirmed a nearly $1.9 billion tax surplus, triggering a tax surplus credit, better known as a “kicker” for the 2021 tax year. Instead of kicker checks, the surplus will be returned … Read more…
Corporate Activity Tax Registration & Key Deadline Reminders
As we approach the midway point of 2021, and the 2nd year of the Oregon Corporate Activity Tax, here are some important reminders for businesses with more than $750,000 in commercial activity in the state of Oregon. CAT Registration The … Read more…
Key 2021 Dates for the Oregon Corporate Activity Tax
Heads up! The February 1st deadline to make the 4th quarter payment for the Oregon Corporate Activity Tax (CAT) is coming up on us quickly. To review, for the 2020 tax year, if you expect a Corporate Activity Tax liability of $10,000 or … Read more…
