Blog: Accounting Unbuttoned

Where Perkins explores accounting topics and news.

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Oregon Budget Deal Good for Active Owners of Partnerships, LLCs, S Corps

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Last week, the Oregon legislature passed HB 3601 as part of the “grand bargain” that, among other provisions, changes individual and corporate tax law in Oregon. The law included some tax breaks as well as tax increases. It raises revenue with increased tax rates for C corporations with taxable income over $1M, and by curtailing…

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Tangible Property Update

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Last month the IRS released final tangible property regulations which include significant taxpayer-friendly changes and will challenge virtually every business effective January 1, 2014.  The basic requirements within the temporary regulations covering acquisition and improvements of tangible property issued in December 2011 remain intact.  Changes to the temporary regulations were made to “clarify, simplify and…

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Married In Any Jurisdiction Means Married Under Federal Tax Law

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Earlier this summer, the Supreme Court ruled unconstitutional the provisions of the federal Defense of Marriage Act that prohibited same-sex married couples from utilizing the federal tax benefits accorded to heterosexual married couples. The specifics of the Windsor decision left ambiguous whether federal law would treat as “married” couples who were not considered married under…

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Changes to Oregon Individual Income Tax Deductions for 2013 and 2014

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The Oregon Legislature did not pass any big tax bills this session, but they did limit a favorite deduction for Oregon baby boomers. They also added an income limit for claiming the political contribution credit. The Oregon Special Medical Deduction for taxpayers over 62 will be more limited starting in 2013. While Federal law only…

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Top Things Your CPA Thinks a Great Property Manager Should Know

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Have you ever wondered what makes a great property manager? Aside from their winning personality, ability to manage and lease-up properties, they should understand that at the end of the day, their efforts are going to end up on a tax return. Here are some tips from our real-estate savvy tax accountants to help make…

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Perkins & Co Announces Promotions

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It’s been a wonderfully busy year for us. In addition to adding two shareholders, we’d like to announce the promotions of the following individuals: Jared Holum – Director of Assurance Megan Whalen – Audit Senior Manager Trent Baeckl – Tax Senior Manager Erik Weaver – Audit Manager Alla Meyers – Tax Manager Cindy Whitcomb –…

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Perkins & Co Adds Two Shareholders

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July 23, 2013 Portland, Ore. – Perkins & Co, Portland’s largest locally owned public accounting firm, is excited to announce the promotion of Susan Sterne and Daniel Monaghan from Principal and Senior Manager respectively to Shareholder.  Both started with Perkins in 1999, and serve Perkins’ core clients: individuals and their closely-held, often multi-generational companies in…

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Our client survey score moves up even higher!

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At Perkins, one of our most sacred and fundamental values is to walk our talk. When you think about it, how can accountants function any differently?  For example, we are extremely committed to making our community a better place to live and work, so we sponsor over 75 nonprofit and professional organizations every year. We…

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Corporations: Beware “Corporate Records Service” Mailing!

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Some of our clients are reporting that they have received a “2013 – Annual Records Solicitation Form” from Corporate Records Service. This official-looking form provides spaces to report shareholders, directors and officers, and instructs you to include a check for $125. It’s all very convenient – but it is also likely unnecessary for your business. …

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Tax Simplicity

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“If you can’t explain it to a six year old, you don’t understand it yourself.” -Albert Einstein Not surprisingly, taxes…are…complicated! Reducing tax complexity has gotten a lot of press lately and even some congressional support! However, at least for the foreseeable future, we will continue to have a tax system that is downright difficult to…

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