ebs Associates Blog

Five Tax Deductions that Disappeared in 2018

Posted by Denise Loter-Koch on Jul 17, 2018

Under tax reform, taxpayers who itemize should be aware that deductions they may have previously counted on to reduce their taxable income have disappeared in 2018.

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Topics: Small Business Accounting, Taxes, Taxes in Oregon, Small Business Ideas

Attn. Oregonians: New Sales Tax Rules for Remote (Online and Off-Line) Sellers

Posted by Osita Egbukichi on Jul 2, 2018

For many Oregonians, ‘Sales Tax’ is a dirty word that they’ve had the good fortune to be able to avoid. Small businesses, both local and out of state, factor this exception when they are looking at their projected revenue or viability and, for some, the survivability of their business. However, many may not be aware of the storm clouds that erupted outside the borders of our state; or, the rude awakening many small and personal businesses are in for in this new tomorrow of Sales Tax Nexus.

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Topics: News & Resources, QuickBooks Add-ons & Extensions, Sales Tax, Avalara, Taxes in Oregon

Important Update: Issue With Oregon Statewide Transit Tax

Posted by Joy Huffman on Apr 26, 2018

An issue with the new Statewide Transit Tax was brought to my attention today which may effect payroll processing in QuickBooks.

The new Transit Tax does not go into effect until July 1, but Intuit/QuickBooks has already put it into the payroll items list so it is affecting payroll.

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Topics: News & Resources, QuickBooks Add-ons & Extensions, Small Business Accounting, QuickBooks Software, QuickBooks Enterprise, QuickBooks Desktop, Payroll Setup, Taxes in Oregon

Who Needs to Pay Quarterly Taxes?

Posted by QuickBooks on Sep 29, 2017

Do I need to pay quarterly taxes? If your employer withholds money each week from your paycheck, then you likely don’t have to think about making quarterly tax payments. However, for those of us who are self-employed or receive income in the form of interests, dividends, rent, alimony, gains from the sale of assets, prizes or awards, it may be necessary to make quarterly estimated tax payments to the IRS.

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Topics: Small Business Accounting, Sales Tax, Taxes, Payroll Setup, Taxes in Oregon

How will Memorial Day affect my direct deposit? | Monday, May 29, 2017

Posted by Thomas Cooper on May 18, 2017

Please be advised that Monday May 29th is Memorial Day. This may affect Payrolls that you are responsible for.  How will Memorial Day (Monday, May 29, 2017) affect my direct deposit?

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Topics: QuickBooks ProAdvisor, Intuit Premier Reseller, Small Business Accounting, Taxes, Payroll Setup, Taxes in Oregon

More states dare to mess with nexus

Posted by Chris Low on Jun 17, 2016


More states dare to mess with nexus

$24 billion. That’s the amount of uncollected sales tax from ecommerce retail sales at last count. Those billions of dollars are a powerful motivator for U.S. states who are collectively facing $19 billion in budget shortfalls over the next 18 months. As states get more concerned (and creative) about revenue sources, they’re turning their attention to nexus.

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Topics: QuickBooks Add-ons & Extensions, QuickBooks Software, Sales Tax, Taxes, Avalara, Taxes in Oregon

The tax you probably owe, but aren’t paying: A closer look at consumer use tax compliance

Posted by Kelli Bachofner on Mar 21, 2016

Repost from Avalara
Use tax, the lesser known counterpart of sales tax, suffers from a basic lack of PR. Buyers and sellers alike pay it no mind. Despite 27 states having a dedicated line item in tax returns for reporting use tax owed, only 2% of taxpayers actually report it. This has left the states with a $23 billion deficit annually in uncollected use tax.

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Topics: empoweredNW, QuickBooks Add-ons & Extensions, Sales Tax, Taxes, Avalara, Taxes in Oregon, Vendor Management

Save On Taxes This Summer In 12 Ways

Posted by Denise Loter-Koch on Jul 6, 2015

While you’re enjoying the summer respite, remember to remain vigilante about business and personal tax planning. Luckily, many of the following hot summer tax-planning tips enable taxpayers to save on taxes while combining business and pleasure.

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Topics: Small Business Accounting, Sales Tax, Taxes, Taxes in Oregon, Small Business Ideas

Printing your 2012 W2’s in QuickBooks

Posted by Kelli on Jan 4, 2013

There are two ways to print your W2’s in QuickBooks-on blank or perforated paper or printing on preprinted W2 forms if you have an Intuit QuickBooks Payroll subscription. Depending on your payroll subscription you may need to order W2 forms from Intuit, as the forms that you can purchase from the government are not intended to be printed on with anything other than a typewriter or by hand.

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Topics: QuickBooks Software, QuickBooks Online, Taxes, QuickBooks Desktop, Payroll Setup, Taxes in Oregon, Vendor Management

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