March 2021 ABA Zoom Meeting Notes

March 2021 ABA Zoom Meeting

Called to Order by S. Reid: 11:30
In Attendance: 15

  • Introductions:
    • *S. Reid – Agape Human Services – Starting a new business, working on figuring out her calling. Sitting in on state meetings for addiction health. Looking to get in on the ground floor to provide help to treat humans going through crisis.
    • K. Peterson – Talbot, Korvola & Warwick – (Guest Speaker)
    • *A. Stone – AHS Liaison – PTO Board for AHS, Grad Party planner for AHS. Eagerly awaiting return to school in hybrid form. Sports are starting up. Feeling of happiness in moving forward! Generally there is a 50/50 split between students who will return/not return (Decision date March 15th). Likely to hold a drive thru graduation like last year, but there is still a Grad Party planned.
    • K. Ramsay – ACFM – gearing up for the upcoming season. Plan to start the first Thursday in May (May 6th) Will run every Thursday until the end of September. Plan to run the market the same way they did last year and plan to function this way until they hear differently from the Oregon Farmers Market Association according to risk level. Always looking for more vendors!
    • J. Maynard – Integrity Brewing – moved here in 2015 to work with Intel. Has wanted to start a home brewery for many years now, and he is happy to be working to make that dream happen! Enjoyed making his video with Brian.
    • J. Monihan – Pamplin Media Group – Jori Monihan, Beaverton Valley Times and Pamplin Media Group, jmonihan@pamplinmedia.com, 971-645-3103. Please reach out if you need any print advertising!
    • J. Beers – SQ Merchant Services – working on defending a company who is competing with Google for file sharing. Works in Cyber Security – Amazon, Google, PlayStation, but wants to transition to working with small businesses.
      • James Beers SQ Merchant Services https://calendly.com/sqmerchanttechservices/cybersecurity
    • S. Quick – SQ Merchant Services – very happy to have recently taken on J. Beers as an employee
      • Helping your business accept Credit Cards and ATMs as form of payment since 2007
      • info@sqms.biz SQMS.biz 971-225-7767 “When you are ready, I would love to have coffee 😊”
      • https://outlook.office365.com/owa/calendar/SQMerchantServices@sqmerchantservices.com/bookings/s/tq6DLR57GEqusNiMJC_rGw2
    • *B. Merritt – Minuteman Mortgage – Interest rates are going back up! Most of his customers are still getting 3% which is still a fantastic rate. Will only encourage good options.
      • Thanks Karen for recent referral
    • P. Roberts – Westside Community Church – Wants to remind us that Westside Food Brigade has delivery options!
    • J. Doane – TVWD – Elected commissioner, 2 more years on term. Starting to put together for 21-23 biennium. Budget dictates rates. Next Monday will be the first of budget workshops, followed by a budget hearing in April. Virtual meetings anyone can come. www.tvwd.org (look for meetings or staff links) Encourage participation in budget planning as it drives the rates!
      • ABA plans to feature TVWD in April.
    • K. Harris – WCSO Community Outreach – busy with Community Academy! Transformer blew last night giving them a challenge, but were successful. Kids Academy is still open but believe that it will fill soon! Please keep the WCSO informed of any neighborhood issues. Noticing rise in homeless camps and through traffic. Please let Kody know of any issues you see and would like addressed, she is happy to hold virtual meetings! Noticing increase in mail theft especially due to stimulus checks.
    • M.K. – Steward of Agape Community Insurance – Recently acquired business from Sally.
    • *S. Rennie – Schmidt and Yee – Work primarily in estate planning, trusts and probate proceedings. Does not handle personal injury or divorce.
    • K. Bolin – Edward Jones – March 15th is her 17 year work anniversary with Edward Jones!
      • Note to Kyra to send her an invoice from ACFM for advertising she has on ACFM trailer
      • Recently joined Hillsboro Elks club and is encouraging them to join ABA
      • Does business at Tresor Day Spa, hoping to encourage them to re-join ABA
      • Has been ordering pizza from Nonna Emilia’s once or twice a month and it is great!
      • Wants to encourage members to share how they are doing business with member businesses
      • Impressed with the Westside Food Brigade

*denotes ABA 2020-2021 Board Members

  • K. Peterson – Talbot, Korvola & Warwick – Oregon Tax Law Changes
    • Current and Coming Changes and Challenges
      • Oregon Corporate Activity Tax
      • Metro Personal and Business Taxes
      • Multnomah County Personal Income Tax
      • Paid Family Medical Leave Tax
      • Statewide Transit Tax – wages
      • Multnomah County rate increase
    • Corporate Activity Tax
      • Gross receipts tax
      • Functions like a sales tax – however it is not
      • Levied on businesses with Oregon gross receipts of over One Million dollars (applies to more companies that one might think it would)
      • Low rate, but broad tax
      • Those struggling the most with the tax are those who do a very high volume but have a very low margin
        • Example: Restaurants
      • Limited deduction determined on gross receipts with approx. 40 different exceptions
        • Does not include investment income, capital gains (sale of business)
        • Includes normal business activity
      • If your Oregon sourced receipts are over $1 Million you are subject to it
      • You get to take a deduction for the greater of 35% of your cost of labor, or your cost of sales (whichever is higher)
        • Cost of Labor is defined as benefits, retirement, but does not include Payroll tax
      • Once the cost of labor or cost of sales is determined, take Oregon sourced gross receipts (sale delivered outside of Oregon is not part of Oregon sourced gross receipts) minus 35% of that cost, deduct $1 Million, multiply it by .0057, and add $250 (flat filing fee) to determine tax
      • Currently forms are not working well and many extensions are being filed
      • Tax levied on seller rather than buyer (as opposed to a sales tax which is levied on the buyer) so many businesses are raising costs
        • However when you raise the costs of goods and services you add on what you are taxed on
    • Metro Personal and Business Taxes
      • For Metro residents 1% of Oregon taxable income
      • For nonresident businesses and individuals 1% of Metro sourced income
      • Businesses with receipts over $5,000,000 are subject, including pass-through entities
      • This will likely be administered by the City of Portland License Bureau
        • Still being determined
      • They are working on guidance but are expected to use Multnomah County Business tax rules
        • Nothing has been published yet
    • Portland Preschool for All
      • For Multnomah County residents 1-3% of Oregon taxable income over $150,000 (single) or $200,000 (joint)
      • For nonresident business and individuals 1-3% of Multnomah County sourced income
      • This will likely be administered by they City of Portland License Bureau
        • Similar to 2003 tax
      • They are working on guidance
      • Set to kick in for 2021
    • Paid Family Medical Leave Tax
      • A statewide tax levied on wages paid or received
      • 1% tax on wages up to $132,900
        • Divided between employer and employee 60% / 40%
    • Statewide Transit Tax
      • 0.1% tax on all wages
      • This is on top of the TriMet tax charged employers on wages paid and on self-employment income
    • Multnomah County Business tax went up to 2% from 1.45%
    • What’s next?
      • Legislature is in session
      • They are considering disconnecting from federal law in regard to a number of things
        • Taxable PPP loan forgiveness
        • Federal NOL carryback rules under CARES Act
        • Still determining if this will apply to 2020 taxes or 2021
        • Highly likely this will be taxable
    • Questions/Comments
      • Will Taxes ever go down? Likely no. We could inflate our way out, as tried in the 80’s. We will never realize there is no such thing as “free money”
        • Concerns over paying Unemployment Insurance
      • Belief is that if PPP loan becomes a forgiveness, it will be for 2021, and we won’t know if this will occur until June. Oregon may tax all of it.
      • Please be kind to your CPA, for the past year the answer to most questions has been “I don’t know”
  • Kody Harris WCSO Community Outreach
    • Virtual Kids Safety Academy Space is limited and will remain open until filled—only one registration necessary per family. To register, visit: https://bit.ly/3rdGt0C
    • Kody Harris WCSO Community Education Outreach Specialist kody_harris@co.washington.or.us 503-846-2774
    • Online Reporting https://www.co.washington.or.us/Sheriff/report-a-crime.cfm
    • Car Prowls Mail and Package Theft and 9pm Routine https://www.co.washington.or.us/Sheriff/CrimePrevention/9pm.cfm
    • Please share! Covid Community Counseling Program https://www.co.washington.or.us/HHS/CommunicableDiseases/COVID-19/mental-health-matters.cfm
  • J. Maynard – Integrity Brewing – Video on website
    • Started home brewing a while ago, and partnered with a neighbor who was also a home brewer to open their own brewery in 2017.
    • Began working on recipes and processes and getting licenses in order.
    • In 2019 sold their first keg to Raindrop Tap House!
    • Video showcased their process of brewing beer.
    • Dream is to take Integrity Brewing from a “nano brewery” run out of a basement and become a venue that is a large brewery, taphouse/restaurant featuring live music and food.
    • Brews a variety of drafts and alcohol percentage beers
    • Tap Houses in Beaverton and Hillsboro are serving their brews. You can view a “tap tracker” on their website to know where you can purchase their brews.
    • https://www.integrity-brewing.com/
  • Steve Quick will be the spotlight speaker in April to share information about his business and the cyber security his partner is now providing.
  • The ABA Board met the first of the month.
  • Peppermill currently will only allow 8 in their meeting room but we are watching out for our next opportunity to visit in person there!
  • Hopeful to be able to meet in person soon.
  • ABA Finances / Membership rates are good
    • 40 current members and 3 recently renewed
      • Hopeful to get lapsed members to renew soon!
    • $1608 in bank
  • Support for AHS outgoing Seniors or incoming Freshman?
    • Currently well set up for Grad Party but are considering a can drive (April 10th?)
      • Will have blue bags ready for cans
    • Beaverton Together is working with Mt View and Five Oaks and are looking at doing a drive thru graduation in association with WCSO, Health and Human Services and the ABA is considering what we might be able to consider adding.
      • Need for 500 items by May 19th Drive Thru
        • Hydro Flask Water Bottle Stickers? Options available through Etsy
        • Kody to see if options are available through the Alcohol, Tobacco prevention group may be able to contribute
        • Look at Dairy Queen for options
        • Baskin Robbins plans to contribute coupons
        • Godfathers?
        • Contact McDonalds to see if they would like to participate
      • Focus on these students are future business members!
      • Drive Thru will be held at Aloha High School
  • Video – How one Conversation Can Change a Person’s Life

Adjourned at 12:45
Our Next Zoom Meeting will be April 8 th