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The Portland Tax Stack: Metro SHS, Multnomah Preschool for All, the Arts Tax — and What High Earners Should Know
If you live or work in the Portland area, your income can be subject to as many as three local taxes that sit on top of your federal and Oregon returns. Each one has its own boundary lines, its own income thresholds, and its own filing quirks. None of them shows up automatically on most paychecks. That last part is why our tax team hears the same question every spring: "I have taxes withheld from every paycheck — why do I owe more?" This post maps the stack: which taxes apply
Cross Financial Team
12 hours ago5 min read
Oregon's PTE-E Election: The SALT-Cap Workaround Many Business Owners Still Haven't Heard Of
For years, Oregon business owners have felt a particular sting at tax time: the state and local taxes they pay — some of the highest personal rates in the country — are only partially deductible on their federal return, thanks to the federal "SALT cap" that took effect in 2018. Oregon built a workaround: the Pass-Through Entity Elective Tax, or PTE-E. Many owners still haven't heard of it. And the ones who have often haven't heard the two most recent pieces of news — the elec
Cross Financial Team
12 hours ago4 min read
S Corp, LLC, or Sole Prop in Oregon: What Portland Business Owners Get Wrong About Entity Choice
Ask a room full of Portland business owners how they chose their business structure, and you'll hear some version of the same story: "My friend has an S corp, so I set one up too." Or: "I filed an LLC online the week I started and haven't thought about it since." Here's what many owners get wrong: entity choice isn't a one-time filing decision. It's a tax decision and a retirement decision, and the right answer can change as your business grows. It also looks different in Ore
Cross Financial Team
12 hours ago5 min read
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