Manufacturing & Distribution
How AI and Cloud Technology Are Transforming the Accounting Industry
When you think of accounting, manual ledger entries and endless spreadsheets may come to mind. However, the industry could soon...
Unlocking Flexible Financial Expertise: How You and Your Team Can Benefit from Hiring a Fractional CFO or Controller
Perkins & Co recently added a new service line—Outsourced CFO Services—to its already vast array of client offerings. As the...
Beneficial Ownership Information (BOI) Reporting is Back
March 3, 2025: The Treasury Department announced on March 2, 2025, that it will not enforce any penalties or fines...
Enforcement of Corporate Transparency Act (CTA) Once Again on Hold
U.S. Court of Appeals Pauses Enforcement of the CTA The U.S. Court of Appeals for the Fifth Circuit paused the...
Corporate Transparency Act (CTA) Disclosure Deadline Reinstated
December 24, 2024: The Department of Treasury has extended the reporting deadline for reporting companies that were created or registered...
Beyond Income Tax Returns Guide: 2024 Edition
Go above and beyond with us. As we at Perkins will spend the start of the new year preparing for...
2024 Year-End Tax Planning Guide
Year-End Tax Planning for Individuals and Businesses As the year winds down, our team at Perkins & Co has been...
The Corporate Transparency Act (CTA): What You Need to Know
Disclaimer: This blog post contains information that may no longer be accurate due to recent developments in the case. For...
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...
Perkins & Co Announces 2024 Shareholder Promotions
Perkins & Co, a leading accounting and consulting firm with offices in Portland, Oregon, and Vancouver, Washington, is pleased to...
Washington’s Annual Business and Occupation Tax Reconciliation of Apportionable Income Due by October 31, 2024
A quick reminder to businesses that engage in apportionable business activities in the state of Washington: you must file an...
You’re Taking Advantage of the Increased Estate and Gift Tax Exemption Amount—Now What?
We recently shared an overview of six steps to follow if you plan to take advantage of the increased basic...
Use It or Lose It: 6 Steps to Taking Advantage of the Increased Estate and Gift Tax Exemption Before It Sunsets
Estate and gift tax exemption thresholds could be cut in half starting on December 31, 2025, leading to substantial increases...
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...
The Impact of Life Insurance Proceeds on Your Estate Taxes: What You Need to Know About the Supreme Court’s June 6 Ruling
Supreme Court Decision on Life Insurance Proceeds & Implications for Federal Estate Tax On June 6, the U.S. Supreme Court...
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...
The Importance of a Well-Defined Transition Plan in Wealth Management
In 2023, Don Bielen wrote about The Keys to Successful Business Succession Planning, where he explained why having a trusted...
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...
Updated Interpretations of Public Law 86-272 May Impact Your Business’ 2023 State and Local Tax Obligations
Over the past few years, there have been numerous developments in state and local tax regulations. The interpretation of Public...
Perkins & Co Integrates Business Transition Services to Preserve Family’s 50-Year Legacy
A multi-generation manufacturing company with a rich 50-year legacy is owned equally by three family groups. The company has been...
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...
The Future of Audit in Five Predictions
Technology is taking audit services into the future. While auditors are beginning to explore the possibilities afforded by technology, including...
CECL Accounting 101: A Comprehensive Guide to the Current Expected Credit Loss Model
In 2016, the Financial Accounting Standards Board (FASB) issued new accounting guidance to estimate credit losses on financial assets. Privately...