Public Assistance to Low-Wage Workers Costs $1.7 Billion in Oregon

Public assistance to working Oregonians costs an estimated $1.7 billion annually, according to a new report on the impact of low-paying jobs.

Nearly 197,000 workers don’t earn enough to cover their basic needs and rely in some part on public support, shows the study released Thursday by the University of Oregon Labor Education and Research Center.

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Precision Wealth Transfer With A CLAT - Isler NW

Precision Wealth Transfer With A CLAT

Boston Consulting Group senior partner Ron L. Nicol approaches financial decisions with the thoroughness and precision demanded of the nuclear submarine officer he was for seven years after graduating from the Naval Academy. So believe him when he says this is an excellent time to execute a high-end maneuver known as a charitable lead annuity trust, or CLAT. Read more

11 Tips to Avoid a Tax Hit in 2015 - Isler NW

11 Steps To Avoid a Tax Hit in 2015

By Robert Powell

Take these steps now to avoid a tax hit in 2015:

  1. Review your estimated taxes. If you’re paying quarterly estimated taxes, now would be a good time to review your payments, especially if you had a big change in income from the prior year, said Paula Nangle, a certified financial planner with Marshall Financial Group in a Doylestown, Pa. Read more
Congress Approves Tax Extenders for 2014

Congress Approves Tax Extenders for 2014

The U.S. Senate has approved a one-year extension of the tax extenders bill, a grab bag of around 50 tax provisions for businesses and individuals. The bill will cost $42 billion over ten years and applies retroactively to the 2014 tax year. The House of Representatives passed their version of the bill last week.

The one-year extension passed by the House and Senate leaves the package to expire again at the end of this month, which will set up discussion on the tax extenders again in 2015.

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Oregon Capitol Building - Isler NW

Personal Income Taxes: Governor’s Budget Proposal Includes Extending Certain Credits and Creating New Working Family Addition Tax Credit

Oregon Gov. John Kitzhaber has released his 2015-2017 budget recommendations, which include proposals to extend various corporate and personal income tax credits and to create a new working family addition tax credit. The Governor recommends continuing 18 corporate and personal income tax credits that are set to end in 2015-17. Read more

Portland

Portland expects $19 million surplus next year

Portland city government expects to have $19 million in additional revenue for the next fiscal year — $4.6 million of ongoing revenue and $14.4 million in one-time revenue.

The revenue forecast was released by the City Budget Office on Friday. It said the surplus is the second in two years, and is because the economy is finally growing at levels normally seen during economic expansions. Read more

Consumer Electronics

Shiny New Gadgets to Smart Homes and Beyond: A CES 2015 Preview

For technology enthusiasts, Las Vegas is about to get even more wild and crazy. Next week kicks off CES 2015, otherwise known as the Consumer Electronics Show. Paytm App Download Yes, that show. It’s like the mega convention for all things technology.

This year’s iteration is being held in Sin City January 6 to 9. The 2015 CES will feature more than 3,500 exhibitors and is expected to attract more than 160,000 industry professionals from all walks of tech. Read more

Private Company Growth Isler NW

Private Companies Grew Sales and Profits This Year

Over the past year, private companies grew sales 8.6 percent and are seeing their highest net profit margin in three years, at 6.6 percent, according to a new report from the financial information company Sageworks.

The report found that private companies are entering the New Year with strong profitability and healthy sales growth. Read more

Isler NW CPA Firm

Charitable Giving Rebounded This Year

The end of the year is traditionally the time when taxpayers rush to get their last-minute charitable contributions made so they can write off the deductions on their taxes before April 15.

The trends this year appear to be positive for many charities as they saw their donations increase, perhaps to a level not seen since the financial crisis. The question for many charities this year was whether charitable giving would return to pre-recession levels. Read more

Oregon unemployment tax rates to decline

Average savings: $63 per employer a year

“Employers that pay into the system will move from Schedule 6 to Schedule 5, saving the average Oregon employer about $63 per employee annually, the agency said on Friday, November 14, 2014.”
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