Blog: Accounting Unbuttoned

Where Perkins explores accounting topics and news.

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Keeping Your Financial and Tax Information Secure

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As we reported in early April, the IRS has seen increasing numbers of fraudulently-filed individual tax returns in recent years. A small number of the individual tax returns we filed by April 15th could not be filed electronically due to tax refund-related identity theft from sources outside our firm. One circumstance, according to the Oregonian,…

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Individuals: Beware of Higher Level of Identity Theft Cases

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Filing one’s tax return each year can be stressful…and we’ve found an extra cause of stress this year in tax-return related identity theft. The IRS is encountering a much higher than normal volume of identity theft cases this year. In these situations, someone other than the taxpayer files an income tax return using the taxpayer’s social…

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Perkins & Co Adds Principal

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March 25, 2014 Portland, Ore. –  Ray Jordan, former owner of Ray Jordan, P.C., joins Perkins & Co, Portland’s largest locally owned public accounting firm, as a principal in the tax department. Ray brings with him his outstanding accounting team and extensive client base. Author: Marketing Department

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Perkins & Co Opens Business Office in Vancouver, WA

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February 27, 2014 Portland, Ore. – Perkins & Co, Portland’s largest locally owned public accounting firm, is excited to announce the opening of a business office in Vancouver, Washington.  The office will function to support the growing client base Perkins currently has in Clark County and ensures Perkins clients and fellow professionals have easy face-to-face…

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Oregon Breweries Deserve a Tip

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The growth and influx of breweries around Oregon has reached staggering heights. Receiving national recognition, the Oregon brewer culture and Oregon brewers are advancing all areas of the industry. There appears to be endless opportunity for this exciting market, however, understanding your numbers and making decisions based on your bottom line can improve your place…

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Getting Information Ready for Tax Accountants Part II: Individuals

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It happens every year around this time – “important tax documents” arrive in your mailbox or inbox, and you know it’s time to start thinking about your tax return. Whether you plan to file before April 15th or to extend your return, you’ll need to send information to your tax preparer sometime in February or…

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Getting Information Ready for Tax Accountants Part I: Small Businesses

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January again! The busiest time of year for many accountants and bookkeepers. There’s the general ledger to reconcile and close out, financial statements to produce, 1099 forms and payroll filings to complete, and personal property tax returns to file. But wait! There’s another task to consider…the income tax return. Fortunately, the CPA prepares the income…

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The 411 on the 1099-MISC

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The New Year has arrived, and with it, the 1099-MISC filing season.  Many small business owners and their accounting staff fear this half-page tax form, and understandably so.  The 1099-MISC looks simple but presents surprising complications.   If the 1099-MISC were required for all payments to all recipients, it would be burdensome, but simple – businesses…

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The Magic of Tax Planning!

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As 2013 draws to an end, we at Perkins find ourselves with a few tax planning tricks up our sleeves that we’d like to share. Congress may make look you in the eye and resolutely promise tax reform, but we suspect that the most we’ll get this year is a broken wand and a puff of…

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Trusts and the 3.8% Medicare Surtax

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Welcome to the wacky world of the new 3.8% Medicare Surtax! Did you know it also applies to trusts? As we have previously reported, a 3.8% “Medicare Surtax” on net investment income (NII) has been in place since January 1, 2013. Income that just last year was taxed no higher than 35% could reach a new…

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