Workforce Opportunity Tax Credit

Workforce Opportunity Tax Credit

The Work Opportunity Tax Credit (WOTC) has been extended through 2025. This is an incentive for employers to broaden their job applicant pools and hire from certain groups of people who may need assistance finding jobs such as: Unemployed or disabled military veterans Long-term unemployed Temporary Assistance for Needy Family…

Oregon’s New Commercial Activity Tax Law Could Affect Manufacturers

By: Ashley Klaus In May 2019, Governor Kate Brown signed into law HB 3427A (the Commercial Activity Tax) after the bill successfully moved through the House and the Senate. The bill will impose an annual tax, beginning in 2020, on all commercial activity — regardless of the business entity…

Proposed Regulations Provide Some Key Guidance for Taxpayers Benefiting from the New QBI Deduction

by Jim Dubeck and Greg Thomas, Directors, National Tax Services One of biggest areas of opportunity and uncertainty coming out of tax reform, commonly referred to as the Tax Cuts and Jobs Act (TCJA), is the Qualified Business Income (QBI) deduction under Section 199A. The new deduction could reduce an individual’s tax…