by Kernutt Stokes | Mar 5, 2020 | The Kernutt Stokes Advisor, Volume 5 Issue 1
Beginning on Jan. 1, 2020, the Internal Revenue Service (IRS) has new annual inflation adjustments for tax rates, brackets, deductions, and retirement contribution limits. Note, the amounts below do not impact tax filing in 2020 for the tax year 2019. These amounts...
by Kernutt Stokes | Mar 5, 2020 | Volume 5 Issue 1
by Matthew Diment Highlights of spending package’s tax law changes The federal government spending package titled the Further Consolidated Appropriations Act, 2020 does more than just fund the government. It extends certain income tax provisions that had already...
by Kernutt Stokes | Mar 5, 2020 | Volume 5 Issue 1
by Don Lance The Oregon Commercial Activity Tax (CAT) took effect on January 1, 2020, and you have likely have received notification from the State that includes guidance on how to register for this tax. The following is intended to serve as a reminder and provide...
by Kernutt Stokes | Mar 5, 2020 | The Kernutt Stokes Advisor, Volume 5 Issue 1
by John Mlynczyk and Rich Nellis Congress recently passed, and the President signed into law, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), landmark legislation that may affect how you plan for your retirement. Many of the...
by Kernutt Stokes | Mar 5, 2020 | The Kernutt Stokes Advisor, Volume 5 Issue 1
by Pat Deming and Claire Pahlmeyer Revenue recognition guidance is finally here and requires some thought to be implemented properly. Though released in 2014 and implemented in 2018 for public companies, there are still a number of questions and areas of confusion for...
by Kernutt Stokes | Mar 5, 2020 | The Kernutt Stokes Advisor, Volume 5 Issue 1
by Don Lane Effective 1/1/2020 Washington has decreased its economic threshold to $100,000 of gross receipts. Thus, any taxpayers with more than $100,000 of Washington gross receipts will need to register for, and file, B&O Tax Returns. Prior to 2020, economic...
