Another smashing presentation from your GEACs

March 19, 2014 – Adventist Hospital Pavilion – 7:30am

It’s the middle of tax season but that didn’t stop our master of ceremonies from arriving early for another outstanding program from the Government and Economic Affairs Committee, (complete with breakfast rolls and coffee sponsored by Oregonians Credit Union.)

Kevin Minkoff, CPA, introduced two presenters who were invited to talk about micro-finance opportunities in the Portland market.  Maggie Reilly, Director, from Micro Enterprise Services of Oregon (MESO)and Laura Alsenas, Business Loan Officer at PDC talked about alternative and available financing from sources other than the usual bank or credit union lender.

Maggie Reilly explained who is the Portland Development Commission (PDC) and what they do.  The PDC is the city’s urban renewal and economic development agency.   PDC adopted a new strategy for urban renewal about 5 years ago and have several industry clusters that they focus on.  They also work with neighborhood economic development.  An urban renewal area will generally have a tax “freeze” and the city will invest in development projects.  Then the added projects will generate additional tax revenues so the projects are sustainable.   In such districts, the PDC has funds set aside for tenant improvements, real estate acquisition, property development, equipment and working capital.  The loans from PDC have common features with other business loans, comparable rates and require 1:1 debt coverage ratios.  PDC also has matching grant programs available for storefront improvements and green features.

If you want to know where the urban renewal areas are, check out Portlandmaps.com.

The second presentation by Maggie Reilly of Micro Enterprise Services of Oregon (MESO) covered the background and purpose of MESO.  The team at MESO works closely with select small business to assist in their success.  They offer both technical and financial assistance to underserved entrepreneurs, engaging in a wide variety of economic activities.  The business entrepreneurs go through an education program, receive assistance with strategic planning and implementation.  They can participate in classes for accounting, taxes, design and branding and building annual business plans.  MESO works with 15 to 20 entrepreneurs per year and works with each of the businesses for two or three years.

One of the MESO programs to build business credit uses individual development accounts with a 3 to 1 match.  That means for every $1 the business saves, the program matches with a $3 addition.  MESO also partners with banks, PDC, Mercy Corp, Metropolitan Credit Repair, Black United Fund of Oregon, SBA and other micro lenders to ensure that an entrepreneur can get off to the right start. MESO has offices in Washington County and in St Helens.

This meeting offered a plethora of options for financing a small business.  Both Laura and Maggie bring much enthusiasm and knowledge to entrepreneurs in need of funding or business expertise.

Char Shinn
VP of Business and Community Development
Oregonians Credit Union
503.833.5177
503.833.5199 fax
LinkedInmore?
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Transit Self-Employment Tax Change

For many years the instructions for Lane County Mass Transit District and Tri-County Metropolitan Transportation District self-employment taxes have stated that self-employed individuals with more than one Schedule C business may not use a loss from one business to offset a gain from another.  Effective immediately, taxpayers with more than one Schedule C business may use a loss from one business to offset a gain from another when calculating self-employment earnings for the purposes of these taxes.  This change applies to all tax years.  If your original transit self-employment tax return was filed within three years of the due date, you may amend (change) your return and file for a refund within:

  • • Three years of the due date of your original return, or
  • • Three years of the date you filed your original return, or
  • • Two years of the date you paid your tax or paid any part of your tax, whichever is later.

If you have questions, contact us by e-mail at TSE.Help.DOR@oregon.gov or call 503-378-4988.

Transit Self-Employment Tax Program, Business Division, Corporation Section, Oregon Department of Revenue

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Government & Economic Affairs AM

Please join the Chamber on March 19th at Adventist Medical Center. Maggie Reilly, Director, Micro Enterprise Services of Oregon and Laura Alsenas, Business Loan Officer, PDC will be presenting information on micro and small business finance.

Government & Economic Affairs AM
March 19th | 7:30-9:00am
Adventist Health
10123 SE Market St | MAP

Small & Micro Business Finance

MESO logo

MESO logoMicro Enterprise Services of Oregon (MESO) seeks to broaden economic opportunities for underserved entrepreneurs by providing business support to increase growth in income, assets, and business skills.

MESO’s clients engage in a wide array of economic activities that include frozen baked goods, child care services, video production services, beauty products, art, automotive services, marketing services, and a variety of other goods and services.
MESO’s experienced and dedicated staff provide a minimum of three years of support, ranging from business planning, goal implementation, marketing, consulting, and financing.
Meet Maggie Reilly, Director, Micro Enterprise Services of Oregon and Laura Alsenas, Business Loan Officer, PDC who will share how they are able to bring you FREE services to support your business.

If you qualify for their program, you will receive:

  • Matched savings grants up to $9,000
  • Small business loans up to $50,000
  • Credit building program
  • Business planning/training, accounting, marketing and legal services

PDC logo

The Portland Development Commission is the City of Portland’s urban renewal and economic development agency. Laura Alsenas, a Loan Officer with PDC’s Real Estate and Lending team, will provide a brief overviewPDC logo of PDC’s initiatives and projects in east Portland. She will also describe PDC’s loan programs for businesses and property owners, as well as other financial resources for east Portland businesses through PDC and its partner organizations.

Laura Alsenas is a Loan Officer at the Portland Development Commission, where she has spent the past two years supporting the agency’s economic development strategy by making loans to Portland businesses and connecting them to financing and other resources from partner organizations. Laura has over 10 years of financial analysis, credit assessment and business coaching experience with a consistent focus on business lending with a community and economic development mission.


Adventist Health Parkrose Medical Plaza Ribbon Cutting | March 26th

Please join us for the ribbon cutting and grand opening of the new Adventist Health Parkrose Medical Plaza. You will have access to quality care, exceptional physicians and compassionate providers, all conveniently located in the heart of East Portland.

The new center will feature: Primary Care, Laboratory Services, Physical Therapy, X-ray, Ultrasound and Occupational Medicine.

Adventist Health Parkrose Medical Plaza
Wednesday, March 26th | 12:00 noon
1350 NE 122nd Ave | Portland OR, 97216
503-408-7000

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Don’t forget about the Chamber Mega Mixer (12 Chambers!) Wed Evening at Crowne Plaza!

Mega Mixer 2014

Join us for one of Oregon’s largest gathering of business chambers and associations.

12 chambers and business associations all under one roof.

 Come meet new people, build allies, make connections with officers from various procurement departments, & learn about the resources each organization provides.

Meet the procurement/supply chain officers from the City of Beaverton, City of Portland, PGE, ODOT, SBA, DHS, and Pacific Power.

The focus of this event is to build bridges for chamber members to connect with each other and with potential contracting officers from the state agencies and large corporations. From contracting opportunities, tools/resources, key relationships, with 12 chambers and business associations all under one roof, this could be Oregon’s largest business networking opportunity.
Participating agencies:

  •     Asian Pacific American Chamber of Commerce of Oregon and SW Washington (APACC)
  •     Astra Women’s Business Alliance
  •     Beaverton Chamber of Commerce
  •     East Portland Chamber of Commerce
  •     Greater Vancouver Chamber of Commerce
  •     Korean Chamber of Oregon
  •     North Clackamas Chamber of Commerce
  •     Oregon Native American Chamber (ONAC)
  •     Philippines American Chamber of Commerce of Oregon (PACCO)
  •     Portland Area Business Association (PABA)
  •     Portland Business Alliance (PBA)
  •     Tigard Area Chamber of Commerce

Wednesday, March 19th
5:30 pm ~ 8:00 pm
Crowne Plaza Hotel Ballroom
1441 NE 2nd Avenue
Portland, OR 97232

$15/person
$20 at the door

 

No refunds granted 48 hours before the event.

http://www.apacc-or.org/eventdetail/?URLID=55

 

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SB 1534 – 2013 Oregon Personal Income Tax Change

On March 7, 2014, SB 1534 passed both legislative chambers.  For roughly 1,500 taxpayers, a portion of the bill affects their 2013 Oregon Personal Income Tax return.   For tax years 2013 and forward SB 1534 allow all taxpayers, regardless of income, to claim the severely disabled and disabled child if all other qualifications are met.

When does this change go into effect?

The exemption changes go into effect for tax year 2013.  The Oregon Department of Revenue and software vendors are working on reprogramming their systems.  The Oregon Department of Revenue’s system will be ready to process SB 1534 changes starting March 17, 2014.

What if I already filed a return and did not take the exemptions because my income level was too high?

The Oregon Department of Revenue has identified taxpayers who claimed an exemption for the severely disabled and/or disabled child, but the AGI was too high and therefore did not qualify for the credit at that time.  The taxpayers and their preparer will receive a letter from the Oregon Department of Revenue by the end of March explaining how to amend the 2013 Oregon Personal Income Tax return.  Attached to the letter will be an amended schedule with a neon SB 1534 sticker attached to the top.

Will an amended return take the normal 4-6 months to process?

No, amended returns received with the neon SB 1534 sticker attached to the top will run through an expedited process.

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EPCC Speed Networking @ Russellville | March 12th 7:30-9:00am

Please join us on Wednesday, March 12th for an exciting morning of Speed Networking. This is your chance to meet several new businesses as well as get to know current members.

Speed Networking
March 12th | 7:30-9:00am
Russellville Park
20 SE 103rd Ave | MAP


Adventist Health Parkrose Medical Plaza Ribbon Cutting | March 26th

Adventist Health Parkrose Medical PlazaPlease join us for the ribbon cutting and grand opening of the new Adventist Health Parkrose Medical Plaza. You will have access to quality care, exceptional physicians and compassionate providers, all conveniently located in the heart of East Portland.

The new center will feature: Primary Care, Laboratory Services, Physical Therapy, X-ray, Ultrasound and Occupational Medicine.

Adventist Health logoAdventist Health Parkrose Medical Plaza
Wednesday, March 26th | 12:00 noon
1350 NE 122nd Ave | Portland OR, 97216
503-408-7000


Coming Up Next Week:

MESO logo

Please join the Chamber on March 19th at Adventist Medical Center. Maggie Reilly, Director, Micro Enterprise Services of Oregon and Laura Alsenas, Business Loan Officer, PDC will be presenting information on micro and small business finance.

Micro Enterprise Services of Oregon (MESO) seeks to broaden economic opportunities for underserved entrepreneurs by providing business support to increase growth in income, assets, and business skills.

MESO’s clients engage in a wide array of economic activities that include frozen baked goods, child care services, video production services, beauty products, art, automotive services, marketing services, and a variety of other goods and services.

MESO’s experienced and dedicated staff provide a minimum of three years of support, ranging from business planning, goal implementation, marketing, consulting, and financing.

Meet Maggie Reilly, Director, Micro Enterprise Services of Oregon and Laura Alsenas, Business Loan Officer, PDC who will share how they are able to bring you FREE services to support your business.

If you qualify for their program, you will receive:

  • Matched savings grants up to $9,000
  • Small business loans up to $50,000
  • Credit building program
  • Business planning/training, accounting, marketing and legal services

PDC logo

The Portland Development Commission is the City of Portland’s urban renewal and economic development agency. Laura Alsenas, a Loan Officer with PDC’s Real Estate and Lending team, will provide a brief overview of PDC’s initiatives and projects in east Portland. She will also describe PDC’s loan programs for businesses and property owners, as well as other financial resources for east Portland businesses through PDC and its partner organizations.

Laura Alsenas is a Loan Officer at the Portland Development Commission, where she has spent the past two years supporting the agency’s economic development strategy by making loans to Portland businesses and connecting them to financing and other resources from partner organizations. Laura has over 10 years of financial analysis, credit assessment and business coaching experience with a consistent focus on business lending with a community and economic development mission.

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GEAC Presentation – Taxes for Small Business

With all the fanfare and excitement of the very best shows on the strip – The GEAC was proud to introduce a great guy who knows a lot of stuff – just in from a national tour of eastern Portland – a roaring round of applause welcomed the one and only “Kevin Minkoff, CPA – NOT your ordinary bean counter.”  Kevin has a reputation for being much more than an accountant. He is also an efficiency consultant with tools and training for best practices in financial management and tax saving strategies for small business owners.

Kevin was prepared to share small business tax saving strategies for filing 2013 and for planning 2014. Chin in the air and eyes darting around the room, he dared the audience to deny the importance of his wise words regarding tax strategies for each of their businesses.   Speaking about deductions, a lot has changed from 2013 to 2014, starting with the revamp an overhaul of the affordable care act.  The rules for deduction of start up costs, organizational costs are much different and the audience learned the details.

As Kevin sorted through the description of expensed versus capitalized expenses, the audience was impressed with the pertinent examples and immediately sat up to ask questions.  Next we learned the de minimis rules that outline limits for expenses based on the size of the company.   Kevin explained the transitional relief offered to businesses as we change from the old rules to the new.

Do you have an office in your home?  Kevin offered some valuable tips on Section 179 deductions and what depreciation has been eliminated.  We even learned the ins and outs of the IRS standard mileage allowance.  Who knew there were so many variables in the seemingly simple concept.   The big bean counter covered, 401K rules, healthcare rules, tax rate changes, credit card payments, penalties, Portland’s paid sick leave rules, PDX-MCBIT, business property taxes and seldom followed tax strategies.  The questions continued to flow to the front of the room, and Kevin answered with embellished expertise.  Finally, Deborah kicked him off the stage so that the door prizes could be awarded.

This was an absolutely essential presentation for a small business.  If you were unable to attend, you may want to give Kevin a visit, or ask for the slides he used to accent the critical points.

Char Shinn
VP of Business and Community Development
503.833.5177
503.833.5199 fax

Posted in Government Affairs | 1 Comment

Education AM – The Art of Seduction, Marketing to the Subconscious Mind

Please join us on Wednesday, March 5th for an Education AM. Chamber member Lieve Maas with Bright Light Graphics will be presenting, “The Art of Seduction, Marketing to the Subconscious Mind.”

Lieve Maas photo

Education AM – The Art of Seduction, Marketing to the Subconscious Mind”March 5th | 7:30-9:00am
CherryWood Village
1417 SE 107th Ave | MAP

Lieve moved to the United States in 2006, leaving the Netherlands, her country of origin. Since the Netherlands and the US both are “Western countries”, she expected the move to be easy: pack her belongings, hop on a plane, set up shop in Portland OR, done! It took her by surprise that it really was not all that easy to get used to a new environment.

Growing up in one’s country of origin, we’re used to what we’re used to. However, simple things in a foreign country become great adventures, and kind of “big deals” too. Pretty mindless activities, like grocery shopping, take forever as we’re no longer grabbing the stuff we’re used to, since everything is different!

Being in a new environment, not speaking her native language made Lieve passionate about communication: how do we connect with each other when language is a barrier?

Bright Light Graphics logo

That same question can be asked when wanting to communicate with clients: How do we communicate so that we resonate? One of the ways to communicate is to express the message visually, through branding, book design, logo and/or web design, which is what Bright Light Graphics is about. With her background in fine arts (Master’s Degree in fine arts from Royal Art Academy Antwerp, Belgium) and Education (Master’s Degree Education teaching Art & Art History at University of Amsterdam) and years of design experience, Lieve Maas combines her knowledge of conveying information both in aesthetically pleasing as in educational ways, and shapes this info into a new form, one that expresses the core essence of your business.

Lieve Maas | Bright Light Graphics
503-501-6031


Parkrose Medical Plaza Ribbon Cutting | March 26th 11:30am

Please join Adventist Medical Center and the East Portland Chamber of Commerce for a Ribbon Cutting Ceremony to celebrate the opening of Adventist’s new Parkrose Medical Plaza. More details to follow soon.

Parkrose Medical Plaza Ribbon Cutting
March 26th | 11:30am
NE 122nd Ave & Wasco St

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Portland Arts Tax Update

Hi Folks,
FYI—–The Arts Tax is live for 2013 filing on our website.  We are pushing hard to get taxpayers to file online using our system, so the forms are not readily apparent.  The Arts Tax can be filed online by clicking HERE.

To print forms, go to the Arts Tax FAQ section of our website by clicking HERE.  Then go to the Section titled “Filing & paying the tax” and click on “Can I get a print form.”   Clicking on “ARTS2013” will produce the 2013 ArtsTax Form.  Clicking on “ARTX2013” will produce the Arts Tax exemption form.

Mary Pinero
Sr. Revenue Auditor
City of Portland Revenue Bureau
111 SW Columbia Suite 600
Portland, OR 97201
Ph: (503) 865-2473   Fax: (503) 865-3470
Email: mary.pinero@portlandoregon.gov

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Member Hosted AM: Night Owl Custom Apparel

Please join us on Wednesday, February 26th for a Member Hosted AM. Paul Hill of Night Owl Custom Apparel will be hosting at Fenders Moto Cafe. Free t-shirt – see below:

Nightowl logo

Member Hosted AM
February 26th | 7:30-9:00am
Fenders Moto Cafe & Brew Pub
4336 SE Woodstock Blvd | MAP

Nightowl Custom Apparel is launching their new website and is testing out how it works on you. To help commemorate, they will be hosting the next chamber meeting. If you can attend the meeting and would like to receive a free tee, click here: www.fendersepcc.nightowlcustomapparel.com.

Nightowl logoOnce there, click the tee image on the left, choose your size and fill out personal info. On the shipping page please select pickup so you don’t get charged for shipping. This tee will be completely free to fellow members who act before the meeting! If you would like a tee, please order by Monday, February 24th!

Paul Hill | Night Owl Custom Apparel
www.nightowlcustomapparel.com
503.358.5985


SE Works Ribbon Cutting | Feb 25th

SE Works logo

SE Works logo Please join the SE Works Board of Directors and Mayor Charlie Hales for an Open House & Ribbon Cutting Ceremony to celebrate the opening of the newly expanded WorkSource Portland Metro SE Center. Light refreshments will be served. Parking is available on side streets and in the Junior Achievement Parking lot.

SE Works Ribbon Cutting
February 25th, 2014 | 1:00 pm
7916 SE Foster Road, Suite 104 | MAP


DIY Press Release Workshop

Feb 27th | Russellville Grange
Please join us for a hands-on workshop led by Chris Lazarus, press release and public communications veteran.

Bring your ‘real world’ press release idea with your laptop or pen and paper and expect to leave with a press release that you can take to press. Wireless Internet Access available.

DIY Press Release Workshop
Feb 27th | 6:30-8:30pm
Russellville Grange
12105 NE Prescott St | MAP

Please click here to register. This event is $10 for members of EPCC, EPAP, and Eastside NPIs and $25 for non-members.

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