Baker & Gingell PC

We’ve Moved To A New More Convenient Location!

admin — Wed, 14 Dec 2011 17:16:44 +0000

To better serve our diverse client base we have relocated our main office as of December 15th to:

1500 NW Bethany Blvd. Suite 255,
Beaverton, OR 97006

We’re excited as the new location provides much easier freeway access, plenty of parking and handicap access, alleviating some of the concerns many of you have expressed over the years. The convenient freeway access will also make it easier for us to get out and visit our clients more frequently.

Our phone numbers, fax numbers, and email addresses all remain the same. Map and driving directions here.

House Votes to Repeal Taxation on Work Cell Phones

admin — Sat, 08 May 2010 04:58:19 +0000

On April 15, the U.S. House of Representatives voted to repeal a law requiring workers to pay taxes when they use employer-provided cell phones for personal reasons.

The measure would end the need for employers to keep detailed records when employees use company-owned cell phones or similar devices for both business reasons and personal convenience. The provision would save employees $411 million in taxes over 10 years. Under the current rules, cellphones and PDAs are taxable fringe benefits.

Oregon Announces A Tax Amnesty Bill From October 1 - November 19

Tim Baker — Wed, 19 Aug 2009 22:33:54 +0000

The Oregon Legislature passed a tax amnesty bill (SB 880) on June 29, 2009. Governor Kulongoski signed the bill into law July 15, 2009. The amnesty program will waive all penalties and one-half of the interest for taxpayers that either file overdue returns or amend returns to report and pay any under-reported tax.

Kulongoski Signs Three New Tax Bills - Opponents Plan Ballot Referendum

admin — Mon, 20 Jul 2009 19:56:42 +0000

Oregon Governor Ted Kulongoski signed three new tax bills passed recently by the state legislature. The measures will raise the state’s minimum corporate tax, income taxes on businesses and taxes on Oregon’s wealthiest individuals. The bills aim to raise $733 million for tax years 2009-2011. Meanwhile, opponents of the new taxes, led by a group calling itself “Oregonians Against Job-Killing Taxes,” have hired a signature-gathering firm led by former Oregon Republican Party Chairman Kevin Mannix and tax activists Russ Walker and Ross Day. The group is up against a September 25th deadline to gather 57,000 signatures needed to refer the measures to the state’s voters in January.

IRS Reminds Taxpayers: Take Advantage of Recovery Act Benefits

admin — Mon, 20 Jul 2009 19:49:03 +0000

With 2009 now half over, the Internal Revenue Service reminds taxpayers to take advantage of the numerous tax breaks made available earlier this year in the American Recovery and Reinvestment Act (ARRA). The recovery law provides tax incentives for first-time homebuyers, people purchasing new cars, those interested in making their homes more energy efficient and parents and students paying for college. But all of these incentives have expiration dates so taxpayers should take advantage of them while they can.

Visit this link to read the full details at the IRS web site.

Bill Passes Reorganizing State’s Economic Development Efforts

admin — Wed, 15 Jul 2009 20:43:08 +0000

The Oregon State Legislature has approved legislation (HB 2152) renaming the Oregon Economic and Community Development Department and refocusing its efforts to help existing Oregon businesses retain and create jobs as well as to build vital infrastructure in communities across the state.

Upon the signature of Gov. Ted Kulongoski, the department will be renamed the Oregon Business Development Department, also to be known as “Business Oregon.” Gov. Kulongoski proposed the reorganization of the department last year in an Executive Order with the goal of giving the agency a more strategic focus on the needs of existing Oregon businesses.

“I am very pleased that the department has completed its reorganization plan and received legislative approval,” said Kulongoski. “I recommended the changes so that the new Oregon Business Development Department can be even more effective in helping existing Oregon businesses create and save jobs. I look forward now to working closely with Business Oregon officials to do just that.”

Business Oregon Director Tim McCabe said the agency’s strategic aim will focus more intensely than ever on assisting existing Oregon businesses to create and retain jobs for Oregonians.

“The agency has a long, successful history of creating jobs and helping communities across the state,” McCabe said. “Now, more than ever, as we prepare to move out of the current recession, we will help Oregon businesses grow and compete in the 21st century economy.”

In addition, as part of the agency realignment, the department’s community development activities will now be administered separately by a newly formed Infrastructure Finance Authority (IFA). The IFA was created to ensure that the state’s infrastructure needs, namely those around safe drinking water and wastewater systems, were better identified and prioritized in order to ensure the best use of the state’s limited resources. The Authority will be overseen by members of an independent Infrastructure Finance Authority board appointed by the Governor.

The Oregon Business Development Department works to create, retain, expand and attract businesses that provide sustainable, living-wage jobs for Oregonians through public-private partnerships, leveraged funding and support of economic opportunities for Oregon companies and entrepreneurs. Visit www.oregon4biz.com for more information on doing business in Oregon.

Sales Tax Deduction for New Vehicle Purchases Before Jan. 1, 2010

admin — Mon, 25 May 2009 19:55:24 +0000

Taxpayers who buy a new car or several other types of motor vehicles this year may be entitled to a special tax deduction when they file their 2009 federal tax returns next year. The tax break is part of the American Recovery and Reinvestment Act of 2009. Consumers who are considering buying a new car may find that this tax incentive means there may have never been a better time to buy. For more information about the sales and excise tax deduction for motor vehicle purchases visit the official IRS web site at IRS.gov.

Here are seven things you should know about this new deduction:

State and local sales taxes paid on up to $49,500 of the purchase price of qualifying vehicles are deductible.
Qualified motor vehicles generally include new (not used) cars, light trucks, motor homes and motorcycles.
Purchases must occur after Feb. 16, 2009, and before Jan. 1, 2010.
This deduction can be taken regardless of whether or not you itemize other deductions on your tax return.
Taxpayers will claim this deduction when filing their 2009 federal income tax return next year.
The amount of the deduction is phased out for taxpayers whose modified adjusted gross income is between $125,000 and $135,000 for individual filers and between $250,000 and $260,000 for joint filers.
The deduction may not be taken on 2008 tax returns.

A Reputation For Providing Quality Accounting Services

admin — Fri, 22 May 2009 02:07:16 +0000

Baker & Gingell’s reputation for providing quality accounting services and financial advice reflects the high standards we demand of ourselves. You can expect friendly responsive service from our skilled team of CPAs and administrative staff. Our services encompass nearly every aspect of business and personal financial life. We are experienced in all matters of accounting and taxation, IRS problem resolution, estates and trusts, business formation, financial planning and investment, real estate and business sales.