News
Employee Retention Credit Voluntary Disclosure Program (ERC-VDP) Closing on November 22, 2024
The second Employee Retention Credit Voluntary Disclosure Program (ERC-VDP) is closing on November 22, 2024. Continue reading to learn more...
Washington Court Ruling Tightens Restrictions on Investment Income Deductions
Today, the Washington Supreme Court ruled in favor of the Department of Revenue in Antio LLC v. Department of Revenue...
The Oregon Rebate 2024: What You Need to Know
UPDATE 11/11/24: As of November 11, 2024, Oregon voters overwhelmingly rejected Measure 118 with a last reporting of 78% rejecting...
Important Updates for QuickBooks Desktop Users
Important news for QuickBooks users! Intuit has announced two upcoming cutoff dates for QuickBooks Desktop users’ software — here’s what...
Perkins’ 2024 Oregon & Washington SALT Comparison
2024 Oregon & Washington Tax Comparison Are you exploring the tax differences between Oregon and Washington to determine the best...
City of Portland Adopts and Expands Tax Incentives
In 2023, Portland City Council passed incentives to stimulate economic activity in Portland’s Central City and encourage investment and jobs...
Delaware Corporations: Annual Report and Franchise Tax Filing Requirement Due by March 1
Is your business incorporated in the state of Delaware? If so, you are required to file an annual report and...
Beyond Income Tax Returns Guide: 2023 Edition
As we at Perkins & Co will spend the start of the new year preparing for the upcoming filing season,...
IRS Enacts Temporary Pause on New Employee Retention Credit Claims
Amid concerns about fraudulent claims, the Internal Revenue Service (IRS) has implemented a moratorium on processing new claims for the...
Oregon & Washington Tax Comparison
Oregon & Washington Tax Comparison In search of an overall comparison of state and local taxes between Oregon and Washington?...
Washington’s Supreme Court Upholds the New Capital Gains Tax
Update 11/12/2024: Washington voters have voted down Initiative 2109, which sought to repeal the capital gains tax. This means that...
Expense Classification Tips for Breweries and Distilleries: Understanding COGS, SGA, and Expenses Offsetting Revenue
Revenue growth and gross margin percentages are key metrics to owners, managers, suppliers, customers, and investors of companies in the...
Multnomah County Ballot Measure 26-238: Eviction Representation for All
Perkins was recently engaged to provide tax analysis on the proposed Multnomah County ballot measure 26-238 set to be voted...
Washington’s New Capital Gains Tax Is Being Enforced
The 2021 Washington State Legislature enacted a new 7% excise tax on long-term capital gains, effective for sales or exchanges...
Beyond Income Tax Returns 2022 Edition
As we head into 2022’s filing season, we want to ensure you know about information reporting requirements that you may...
Tax Treatment of Research & Experimentation Expenses, Software Development Costs in 2022 and Beyond
Tax treatment of research and experimentation (R&E) expenses and software development costs remain significantly changed for 2022 and beyond… for...
New Portland Tax Alignment Passed for City, County, and Metro
A long overdue simplification for our clients doing business in the Portland area is in the works. Recently, the Portland...
Real Estate Tax Incentives in the Inflation Reduction Act
The recent enactment of the Inflation Reduction Act may not have had some of the larger tax changes proposed in...
Key Tax Benefits in the Inflation Reduction Act
President Biden signed the Inflation Reduction Act, a reduced version of the administration’s Build Back Better Act, into law at...
Portland (OR) & Vancouver (WA) Tax Comparison
There has been increasing interest from many of our clients and other contacts in understanding the differences in state and...
Tax Highlights from the Infrastructure Investment and Jobs Act
President Biden signed the Infrastructure Investment and Jobs Act (the Act) into law on November 15, 2021. While the thrust...
Highlights from the Latest Tax Legislation Proposal from Congress
All of the following tax proposal highlights are subject to significant change within the House of Representatives, and possibly more...
Here’s What You Need to Know About Qualified Opportunity Zones in 2021
With much happening in the world, there continue to be new developments and important considerations around qualified opportunity zones (QOZ)....
It’s Time to Prepare for the Restaurant Revitalization Fund (RRF)
Over the past week, the SBA has started posting draft forms and guidelines for the Restaurant Revitalization Fund, which was...