B.A. Harris Blog

Employ Your Children, and Save Big

For some parents, the thought of bringing their child to work with them every day may sound less than appealing, but for owners of LLC’s and partnerships, the tax law offers some enticing provisions which makes the prospect of hiring your children a potentially powerful savings tool. Save on Payroll Tax The IRS has stated that payments for the services of a child under age 18 who works for his or her parent in a trade or business are not subject to employee or employer Social Security and Medicare taxes if the trade or business is a sole proprietorship or a partnership in which each partner is a parent of the child.


Now is an opportune time to review your current tax situation

As 2019 comes to a close, now is an opportune time to review the current tax situations for both individuals and businesses alike. It is our goal to ensure that our clients are aware of, and take full advantage of any beneficial tax strategies and opportunities available, and to begin next year’s planning process as well. With so many changes made to tax law with the signing of the Tax Cuts and Jobs Act (TCJA), and with many additional changes undoubtedly on the way, we would like to take this opportunity to keep you up to date on some key considerations we have found to have the largest impact on our clientele:


Updated Move Date!

Office Move Date: Monday, November 11th, 2019 **Note: Our office will be closed on November 11th-12th, and re-open Wednesday, November 13th. New Address: B.A. Harris LLP 1290 W. Myrtle St., Suite 310 Boise, Idaho 83702 Neither our phone number nor email addresses will change. We can still be reached at 208-424-5177. Our new location is at the foot of the I-84 connector into downtown Boise at the new Pioneer Crossing Building.


We are moving!

Dear Valued Clients, We are pleased to share with you, we are moving!! Since we first opened for business in 1998, your loyal support and referrals have helped us grow, and we needed more space to serve you better. We have been looking for a new home and are excited to inform you we found it. November 6, 2019 will be our final day operating at 960 Broadway Avenue. We will open our doors in more spacious and comfortable surroundings on Monday, November 11, 2019.


Oregon Passes New Corporate Activity Tax (CAT)

On May 16th Oregon Governor Kate Brown signed House Bill 3427 which imposes a gross receipts tax (Corporate Activity Tax or CAT) on businesses with gross receipts in excess of $1 million, effective for tax years beginning on or after January 1, 2020. The Corporate Activity Tax includes a flat tax of $250 on the first $1 million of “taxable commercial activity” (the calculation of which is discussed below), plus 0.

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