tax
Posted inNews

Unemployment Numbers Spike from 800 to 18,500 in Two Days

As small businesses seek relief, Chamber, state and federal legislators work on bolstering an economy in freefall
Laurel Brauns

Numbers released Wednesday from the Oregon Employment Department show an economy in freefall due to COVID-19. OED had 800 new unemployment claims on Sunday. By Tuesday, that number was 18,500. The sharp uptick came after Gov. Kate Brown’s announcement that all bars and food service establishments would need to go to take-out or delivery only […]

Posted inNews

Room Tax Rift

The City of Bend may be losing out on hundreds of thousands of room tax dollars from unreported vacation rentals
Laurel Brauns

Data from market research firm AirDNA reveals that the City of Bend may not be getting all the tax dollars it’s entitled to from vacation rental operators. AirDNA listed 1,411 active rentals on Airbnb or VRBO within Bend city limits as of last month. Eighty-five percent, or 1,200, are reported as whole-house rentals. City of […]

Posted inNews

Opportunity Zones

Creating opportunities, or just another tax for the rich?
Abbie and Rick Sams

The Federal Opportunity Zone program was created in 2017 through the Investing in Opportunity Act—part of Tax Cuts and Jobs Act. The goal is to stimulate economic development and job creation in economically distressed communities by encouraging long-term investments in low-income neighborhoods. Instead of relying on taxpayer dollars and government programs, the aim is to […]

Posted inNews

1031 Exchange: The Basics

A tool for real estate investors, explaining 1031 Exchange Tax Deferral
Christin J Hunter, Broker

So often when dealing with investment property, brokers are asked about a 1031 Exchange. I work with many clients who own investment property and take advantage of the 1031 Exchange Tax Deferral. Many people are not familiar with this option or are confused by the process. Under Section 1031 of the United States Internal Revenue Code (26 U.S.C. § […]

Posted inFood & Drink

Brew News: BridgePort Closing; pFriem Expanding

In a crowded market, breweries come and go
Avatar photo Nicole Vulcan

Beer enthusiasts often rejoice at the opening of new breweries; but those announcements can sometimes come with a downside: more competition. In the case of one of Oregon’s most established breweries, that competition proved to be too much to handle. BridgePort Brewing Company announced on its Facebook page Tuesday that it would be closing its […]

Posted inNews

Measure 101 passes

Healthcare funding bill receives broad support
Avatar photo Nicole Vulcan

The voters have spoken: Measure 101 will soon become law. The measure, the only item on the ballot for the Jan. 23 special election, was an attempt to overturn some of the provisions of a House bill that passed in 2017. With the passage of Measure 101, those provisions will stay in place. Statewide, 61 […]

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