Blog
It’s Time to Report Unclaimed Property in Oregon & Washington
Overview of Unclaimed Property Laws Unclaimed property laws began in the United States as a consumer protection program, and they...
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: As of July 24, 2024, Oregon Initiative Petition 17 has qualified for Oregon’s November 2024 General Election Ballot. This...
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...
Demystifying Cost Segregation: Maximizing Tax Benefits in Real Estate Investment
One of the most powerful tools in the tax toolbelt for real estate developers and investors is cost segregation. Veterans...
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...
10 Things Craft Breweries Should Consider Before Opening a Second Location
Small craft breweries have been up against some big challenges, with recent years bringing rising operating and material costs along...
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...
Bonus Depreciation Opportunities for Real Estate Businesses Independent of Pending Legislation
Many in the real estate community are waiting with bated breath to see if the Tax Relief for American Families...
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...
Follow the Money: Navigating Real Estate Capital Markets in Uncertain Times
As the country continues to recover from the pandemic, the real estate industry is still navigating its own set of...
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...
What the Tax Relief for American Workers and Families Act Means for Businesses Across the U.S.
With pre-pandemic business tax credits expiring, Republicans and Democrats have come together to support a new framework for tax reform—one...
2023 Oregon Agricultural Employer Overtime Tax Credit
The application period for the 2023 Oregon Agricultural Employer Overtime Tax Credit closes on January 31, 2024. Certain agricultural employers...
Inventory Management: How Outsourced CFO Services Can Improve Your Processes
Do you question the accuracy and availability of your inventory? Does your team ever set out on a treasure hunt...
Bonus Depreciation Changes: Keeping Your Strategy on Point
First established with the Job Creation and Worker Assistance Act of 2002, bonus depreciation has been a mainstay in the...
2023 Year-End Tax Planning Guide
2023 Year-End Tax Planning for Individuals With rising interest rates, inflation, and continuing market volatility, tax planning is as essential...
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,...
The Corporate Transparency Act (CTA): What You Need to Know
The Corporate Transparency Act (CTA) is a federal law designed to enhance transparency in business ownership to combat money laundering...
Revenue Recognition: A Quick-Start Guide for Nonprofits
Changes to Revenue Recognition Guidance Revenue recognition (“Rev Rec”) principles changed with the implementation of FASB Accounting Standards Update (ASU)...
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...