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The U.S. House of Representatives passed a crucial part of President Biden’s agenda by a vote of 220-213 on November 19. The Build Back Better Act (BBBA) includes numerous provisions related to areas ranging from health care, climate change and immigration to education, social programs and, of course, taxes. Impact on the deficit The House … Read more
Please Note: This blog post contains information that is based on current law as of the date of publishing. This information is subject to change based on the outcomes of legislative negotiations. Please always consult with your CPA Advisor for the most up to date guidance specifically for you and your business. Almost three months … Read more
This Employment Law Update webinar focuses on issues that matter most to healthcare clinics. In this online presentation, attorney Missy A. Matella from Watkinson Laird Rubenstein covers: The latest COVID protocols for medical offices, including Governor Brown’s announcement on new testing/vaccine requirements for healthcare clinics Practice tips for flexible and hybrid work-from-home policies Employment Law … Read more
Round 2 of PPP loans will become available on Monday, January 11, 2021, for first-time borrowers. For second-time borrowers, Round 2 of PPP loans will become available on Wednesday, January 13, 2021. The program will run through March 31, 2021. Here is a good summary provided in the Journal of Accountancy’s recent post, “Date set … Read more
The Eugene City Council passed the Community Safety Payroll Tax Ordinance in June 2019 to provide long-term funding for community safety services. It is expected to generate funds to provide faster, more efficient safety responses, deter crime, connect people to services, engage and help at-risk youth, support more investigations and court services, and add jail … Read more
On Monday, November 9th, the Emergency Board of the Oregon Legislature approved an additional $20 million to Business Oregon’s Emergency Business Assistance Grant Fund. This round makes some changes to previous rounds of grant funding under the program, so that businesses not eligible in earlier rounds can now access grant funding. Businesses with up to 100 … Read more
In this webinar, Practice Advisor Elliott Tracy discussed the top issues facing medical practices at year end. Topics included cash flow and planning, the tax impact of SBA loans, Micro loans, the Paycheck Protection Program and HHS, as well as year-end tax moves and considerations. “Year-End Planning & Strategies for 2020” View Recording Download Slide … Read more
Our strategic partner, the Medical Group Management Association (MGMA), has posted this reminder regarding Phase 3 of the Provider Relief Fund application deadline: Eligible providers have until Nov. 6 at 11:59 pm ET to apply for $20 billion in funding from Phase 3 of the Provider Relief Fund (PRF) General Distribution. Under the current phase, providers … Read more
The Paycheck Protection Program (PPP) has provided businesses with much needed relief from the economic impact of the COVID-19 pandemic by providing over $525 billion of forgivable loans to small businesses. While these funds have provided a much needed sigh of relief to these business owners, the specifics of the loan forgiveness and timing are … Read more
With all that we’ve been through these past several months, you may or may not recall the new Eugene Community Safety Payroll Tax that was initially set to go into effect July 1, 2020. This tax is to provide long-term funding for community safety services and is to be levied on wage and self-employment income … Read more