Hendrickson & Associates, LLC

Hendrickson & Associates, LLC Helping to put time back in business owner's hands to allow them to focus on running their business.

1099-MISC and 1099-NEC thresholds are Increasing in 2026Currently, any contractor that’s paid $600 or more is required t...
04/08/2026

1099-MISC and 1099-NEC thresholds are Increasing in 2026

Currently, any contractor that’s paid $600 or more is required to get a 1099 MISC or NEC. That reporting threshold will go up to $2,000 starting in 2026, with annual inflation adjustments.

💡 Did you know?From 2025–2028, eligible workers may deduct:✔️ $25,000 in tips✔️ $12,500 in overtime payThese deductions ...
02/04/2026

💡 Did you know?
From 2025–2028, eligible workers may deduct:
✔️ $25,000 in tips
✔️ $12,500 in overtime pay

These deductions could significantly reduce federal taxes—but only with proper documentation.
Good books = real tax savings.

Before you file your taxes, make sure your books are telling the right story.Accurate, up-to-date financials help you fi...
02/04/2026

Before you file your taxes, make sure your books are telling the right story.

Accurate, up-to-date financials help you file confidently and plan smarter for the year ahead.

Need help getting organized? Now’s the time.

Earn $200 for referrals! 🤑 Refer a friend today and get rewarded.
01/22/2026

Earn $200 for referrals! 🤑 Refer a friend today and get rewarded.

Got a friend who owns a business? 👀Send them our way and we’ll send you $200 💸If your referral signs with Hendrickson an...
01/07/2026

Got a friend who owns a business? 👀
Send them our way and we’ll send you $200 💸

If your referral signs with Hendrickson and Associates, you earn a $200 referral bonus.
Win-win!

👉 DM us for details.

Little lunchbreak!
01/06/2026

Little lunchbreak!

Start your Year-end planning now!
12/03/2025

Start your Year-end planning now!

This Thanksgiving, I’m thankful for clients who trust me with their books, their growth, and their goals. Wishing you al...
11/26/2025

This Thanksgiving, I’m thankful for clients who trust me with their books, their growth, and their goals. Wishing you all a season filled with gratitude and abundance!

🌲 Oregon Transit Tax Increase — At-a-GlanceEffective January 1, 2026📊 Quick FactsTax Type: Statewide Transit Tax (STT)Wh...
11/21/2025

🌲 Oregon Transit Tax Increase — At-a-Glance
Effective January 1, 2026
📊 Quick Facts

Tax Type: Statewide Transit Tax (STT)

Who Pays? Employees working in Oregon (withheld by employers)

Current Rate: 0.1%

New Rate: 0.2% (double)

Duration: 2026–2027 only

Reverts in 2028: Yes — back to 0.1%

🧮 What It Means for Workers
Average Oregon salary: $68,000/year
Tax Rate Annual Cost Monthly Cost
0.1% (current) ~$68/year ~$5.60/mo
0.2% (new) ~$136/year ~$11.20/mo
Difference + $68/year + ~$5.60/mo
🚍 Why the Increase?
Oregon transit agencies report:

📉 Lower post-pandemic ridership

💸 Rising fuel + maintenance costs

👥 Staffing shortages

🚌 Risk of route cuts statewide

🌲 Rural systems struggling most

Revenue goes into the Statewide Transportation Improvement Fund (STIF) to maintain and improve transit services.

🟩 Supporters Say:

✔️ Prevents deep transit cuts

✔️ Small monthly impact for most workers

✔️ Protects rural + underserved communities

✔️ Temporary solution with sunset date

🟥 Critics Say:

❗ Adds costs for families already stretched

❗ Temporary fixes delay structural reform

❗ Some rural residents pay more than they benefit

❗ Transparency concerns around timing/process

📅 What Happens Next

Payroll systems must be updated before Jan 2026

Transit agencies will outline plans for new funds

2027 evaluation: Did the tax stabilize services?

2028: Tax returns to 0.1% unless the Legislature changes it

🧭 Bottom Line

The increase is modest for individuals but critical for Oregon transit stability.
Whether it becomes a bridge to long-term solutions — or simply delays difficult choices — will depend on how agencies use the funds in 2026–27.

Get Your Finances Ready Before Year-End! 📆Now’s the perfect time to clean up your books. We offer full bookkeeping suppo...
11/20/2025

Get Your Finances Ready Before Year-End! 📆
Now’s the perfect time to clean up your books. We offer full bookkeeping support, from account reconciliation to profit & loss reports—so you enter the new year confident and prepared.
✨ Accurate. Reliable. On time.
Call us now to get started!

10/09/2025

📰 This Week in Accounting: What’s New & What It Means for You

Staying on top of accounting and tax updates helps businesses stay compliant and competitive. Here are a few key headlines worth knowing this week 👇

🔹 SEC probes MassMutual’s accounting practices – A reminder that transparency and accuracy in financial reporting are under increased scrutiny.
🔹 New IRS guidance on crypto – Unrealized crypto gains/losses won’t trigger the 15% corporate minimum tax. A big win for digital-asset holders.
🔹 PwC announces 1,500 U.S. job cuts – The accounting industry continues adapting to automation and evolving client needs.
🔹 New tax law changes ahead – Updates to 1099 thresholds and bonus depreciation could impact both individuals and small businesses.

💡 What this means for your business:
Now’s a great time to review accounting policies, strengthen documentation, and update your year-end tax strategy.

Let’s make sure you’re prepared — not surprised.
📞 Reach out if you’d like help understanding how these changes could affect your books.

10/09/2025

✨ Keep Your Books Balanced, So You Can Focus on Growth! ✨

Running a business is hard enough—managing your books shouldn’t be. Let our expert bookkeeping team handle the numbers while you focus on what you do best.

📘 Accurate records
💡 Insightful financial reports
🕒 On-time and stress-free tax prep

Whether you’re a small business or a growing company, we make bookkeeping simple, transparent, and tailored to you.

📞 Contact us today to learn how we can help your business stay organized and thrive!

Address

22804 SW Forrest Creek Drive #102
Sherwood, OR
97140

Opening Hours

Monday 8am - 6pm
Tuesday 8am - 6pm
Wednesday 8am - 6pm
Thursday 8am - 6pm
Friday 8am - 6pm
Saturday 8am - 6pm
Sunday 8am - 6pm

Telephone

+15037016498

Website

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