Jan 2, 2013 | Business & Taxation, Creditors’ Rights & Bankruptcy, Employee Benefits & Executive Compensation, Employment Law, Estate Planning & Probate, Litigation, News
Although the so-called “fiscal cliff” was averted, certain payroll tax changes took effect on January 1, 2013. Employers should be aware of the following changes to Social Security and Medicare tax withholdings for wages earned in this new year: 1. Social Security –...
Nov 28, 2012 | Business & Taxation
New Safe Harbor for Reverse Exchanges By SG Business & Taxation Practice Group SAALFELD GRIGGS PC On September 15, 2000, the Internal Revenue Service finally issued some specific guidance for the completion of reverse, deferred like-kind exchanges. In Revenue...
Nov 28, 2012 | Business & Taxation
‘Dividend’ – No Longer a Dirty Word By SG Business & Taxation Practice Group SAALFELD GRIGGS PC Previously, much of the tax planning for closely-held corporations involved efforts to avoid dividend tax treatment on amounts distributed by the corporation to its...
Nov 28, 2012 | Business & Taxation
Corporate Loans to Shareholders Taxed as Dividends This article discusses a recent Fifth Circuit decision that reclassifies a “loan” to the sole shareholder of a corporation as taxable income to the shareholder in the form of a distribution. The case highlights the...
Nov 28, 2012 | Business & Taxation
Business Planning for Measures 66 & 67 With voter approval of Measures 66 and 67, Oregonians increased personal income taxes and instituted a permanent increase in the minimum income tax for C corporations. Measure 66 increases the marginal tax rate on individual...
Nov 28, 2012 | Business & Taxation
BETC: Oregon’s Tax Incentive to Reduce Energy Costs By Saalfeld Griggs PC Over the last several years, one of the most pressing issues at both the local and national levels has been the drastic increase in the cost of energy. As a result, there have been increased...
