A Limited Opportunity
by Brent Laird, Partner
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The proposed increase in capital gain rates has been a fairly hot topic over the last few months. Current opportunity zone investors and potential opportunity zone investors will likely want to monitor this topic closely over the next few months.
In this new KS blog post, Brent Laird discusses how opportunity zones work for investors, as well as a commonly misunderstood element and other key things to keep in mind.
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Oregon Pass-Through Entity
Tax Rate Modifications
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By Rich Nellis, Director of Tax
Oregon has allowed a reduced tax rate for qualifying income for sole proprietorships, partnerships, and S corporations that is taken on your individual return. The qualifying income must be from a business you materially participated in and the business must have employed at least one non-owner employee worked a minimum of 1,200 hours.
Click here to learn more about the new law modification effective January 1, 2021 that reduces two marginal pass-through entity (PTE) income tax rates and what the modifications eliminate.
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New Kernutt Stokes Series:
Emerging Business Leaders Forum
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We are excited to launch our new Emerging Business Leaders Forum. This new series will consist of monthly meetings targeted at helping leaders understand the tax issues that affect their businesses and the impact on their personal finances.
Meetings will be held virtually for now, and partners Brent Laird and Kevin Bell will talk about timely and relevant topics.
Join us Thursday, September 23, at 4:00 p.m., as we discuss investing in real estate. Contact Brent Laird to register or to learn more.
Future meeting topics include:
- Types of income (passive, active, portfolio) and how they flow through your return.
- Tax issues with transferring ownership between generations - what should your kids be thinking about now?
- Retaining key employees and tax implications.
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From the Kernutt Stokes Blog |
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Four Benefits of Managing Business Financials on Mobile
by Haley Lyons, Partner
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In today's current high-tech age, using less cash and making payments on a mobile device is the new normal. But people aren't just using their phones and tablets to purchase products or pay personal bills. They're also using mobile devices to manage bills for their business.
Wondering if mobile bill management is right for you and your business? Partner Haley Lyons talks about four key benefits of using mobile devices to handle your business payments in the newest article on the KS Blog.
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Five Key Philosophies to Having a Successful Career
by Jennifer Cranford, Partner
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As one of Kernutt Stokes' newest partners, Jennifer Cranford recently reflected on some of the key notions she's learned throughout her career. Find out the five philosophies that helped guide her work style and helped her become a better leader in this KS blog post. |
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Join us for this free educational event led by Melissa Galasso, CPA, CPTD, and sponsored by Kernutt Stokes. This virtual course will review all of the Accounting Standards Updates (ASUs) issued by the FASB that will be effective for December 2021. We will look at the impact of the new standards and how you can prepare to implement them in a practical way. |
October 22
8:00 a.m. - 10:00 a.m. PST
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Understanding your numbers is just as important to running a healthy business as it is to your personal health. Just as your blood pressure, cholesterol levels and BMI Index provides a picture of your well-being, key performance indicators can reveal the health status of your business.
All too often financial leaders do not have a clear or detailed picture of their numbers, which makes it difficult to plan for the future and make timely, critical decisions.
Join us for a free webinar on how to know your numbers. Hear from experts on how to empower your financial leaders with information they need. Learn key performance indicators every financial leader should know.
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Thursday, September 16
10 AM PT
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Kernutt Stokes Scholarship
Winners Announced
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Congratulations to Lara Maccabee and Kyle Collins, the first recipients of our scholarship at Idaho State University. Lara is a sophomore and Kyle is a freshman. |
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Learn more about Kernutt Stokes, one of the 100 Best Companies to Work For in Oregon in 2021. Meet our people, experience our innovation, and discover the difference of working with Kernutt Stokes |
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About Kernutt Stokes
Kernutt Stokes is a full-service accounting and business consulting firm established in 1945 with offices in Eugene, Bend, Corvallis, and Lake Oswego. The firm specializes in privately-held and family-owned companies in construction, healthcare, manufacturing, transportation, and professional services. In addition to core accounting services, the firm provides accounting software consulting, 401(k) plan administration, business valuation, retirement planning, business consulting and other services.
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Bend | Corvallis | Eugene | Lake Oswego
541-687-1170
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