Case Studies

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See how we help clients across industries uncover and maximize opportunities, resolve the thorniest issues, improve operations, and prepare for their financial future. Our case studies highlight all sizes and types of businesses at critical points that span the Business Lifecycle.  Search by industry to the right and get a glimpse of what we can do for you.

 

Legacy Planning Case Study: Estate Planning

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We worked with clients to transfer their interests in a rental property to a trust to benefit their six grandkids. The grandparents received a substantial gift tax discount and we structured the trust so they (not the grandkids) pay the tax on its income which preserves the trust to fund college education expenses for the…

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Legacy Planning Case Study: Charitable Remainder Trust

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We helped a client fund a 20-year term charitable remainder trust with closely-held stock. The stock value had grown 7-fold at the time of funding with the Oregon Community Foundation. Certain designated charitable beneficiaries currently receive operational funding in excess of $500,000 every year into perpetuity.

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Real Estate Case Study: Cost Segregation

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Background Client purchased an existing commercial building and did a complete asbestos removal project along with other significant tenant and building improvement projects. Problem/Objective The investment in the capital improvements described above was deducted over a fairly long period for tax purposes. Our goal was to maximize the depreciation expense allowed as much as possible….

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Real Estate Case Study: Avoiding Unrelated Business Taxable Income

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Background Client is a real estate investment group that has put together a fund, including equity, preferred equity, and mezzanine type lending deals. The fund includes all types of investors. Problem/Objective The Tax-exempt investors in the fund were being allocated unrelated business taxable income (UBTI) which creates tax for the normally tax-free investor. As new…

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Real Estate Case Study: Tenancy in Common Reporting

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Background Clients are syndicators of tenancy in common interests. The size of the real estate projects range from $2 to $20 million, with 2 to 14 co-tenants. Problem/Objective The client was looking for a cost effective and efficient way to provide operating information to the co-tenants requiring the least amount of work for each of…

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Real Estate Case Study: Helping Clients Manage Workload & Training

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Background We performed an annual financial statement review and preparation of partnership tax returns for the company and its ten plus subsidiaries. The client has had turnover in its accounting department; in addition, the employees on staff were inexperienced in GAAP accounting. Problem/Objective The client would consistently have significant real estate transactions requiring a fairly…

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High Tech & Emerging Growth Case Study: Biofuel Start-up

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In its second year, this company needed compiled financial statements and tax assistance beyond their internal capability. Perkins & Co had a prior relationship with the company’s CFO and we were able to handle the assurance and tax engagement as well as help them set up a stock option plan as part of a new…

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High Tech & Emerging Growth Case Study: Wafer Manufacturer

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This client engaged Perkins & Co for their audit in 2007. They were looking specifically for a firm that would respond to issues on a timely basis. The company had already worked with Perkins on taxes and employee benefit plans so they knew we had the industry expertise to support their audit needs. The audit…

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EBP Case Study: Local Automobile Dealership

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We discovered that the company wasn’t administering their participant loans in accordance with their plan document. This would have made them subject to penalties and tax assessments so Perkins & Co helped them work with their administrator to correct the deficiency and adjust their procedures going forward.

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EBP Case Study: Health Insurance Plans

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We worked with this client in their first plan year. The company had been working with a third party administrator that didn’t provide them correct, complete, or timely information. Our team identified and pointed out this deficiency, corrected the problems, and completed the reporting long before the federal deadline. The client was relieved to have…

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