Blog
IRS Addresses the President’s Executive Order on Employee Payroll Tax Deferral in Notice 2020-65
On August 28, 2020, the IRS issued Notice 2020-65 that provides some needed guidance for employers wondering whether and how...
Real Estate Connection Webinar Series: Local Tax Updates & IRS Guidance
Join Perkins real estate expert, Tim Kalberg, for an overview on recent local tax updates and IRS guidelines relevant to...
Paycheck Protection Program Loan & Oregon Corporate Activity Tax Updates
The deadline to apply for a PPP loan with the SBA is August 8th, and there is currently still funding available. As the deadline approaches, it will become more...
Treasury Announces More Flexibility for Opportunity Zones
On June 4, in response to the ongoing COVID-19 pandemic, Treasury provided increased flexibility for Qualified Opportunity Funds (QOF) and...
Senate Passes Paycheck Protection Program Modifications
The U.S. Senate voted to pass the Paycheck Protection Flexibility Act of 2020 (the Act) yesterday. It now moves to...
PPP Loan Forgiveness Calculator
May 22, 2020 On Friday, May 15th, the SBA released the Paycheck Protection Program (PPP) Loan Forgiveness Application, with accompanying...
Required Minimum Distribution Waiver and Other Changes Under the CARES Act
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed in to law on March 27, 2020. The Act...
Treasury Provides Helpful Guidance on May 14th Repayment Safe Harbor
On May 13th, Treasury updated its Paycheck Protection Program (PPP) Frequently Asked Questions document by adding #46. As a reminder, in FAQ #31,...
May 7 Deadline to Repay PPP Loans Extended to May 14
May 7, 2020 The SBA issued revised guidance via FAQ #43 extending the “safe harbor” deadline from May 7th until May 14th relating to...
PPP Loan Program Update – IRS Notice 2020-32 Disallows Related Deductions
May 1, 2020 The IRS issued Notice 2020-32 on April 30, 2020. We are assuming for purposes of this update that you...
CARES Act Paycheck Protection Program May 7, 2020 Repayment Option
The Treasury Department posted updated Frequently Asked Questions (FAQs) on April 23, 2020. FAQ #31 deals specifically with large companies and whether...
Federal Reserve Authorizes Main Street Loans for Companies Impacted by COVID-19
Effective April 9, 2020, the Federal Reserve authorized a series of programs to provide up to $2.3 trillion in loans...
Economic Impact Payments: Beware of Schemes
We want to advise clients to be on the lookout for a surge of calls and email phishing attempts related...
CARES Act – Focus on Tax Provisions for Businesses & Individuals
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security Act (the CARES Act...
Families First Coronavirus Response Act Tax Benefits and Employer Obligations
As the federal government searches for ways to combat the economic effects of the growing coronavirus (COVID-19) pandemic, the first...
The Setting Every Community Up for Retirement Enhancement (SECURE) Act
The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law on December 20, 2019. Many of...
Oregon Corporate Activity Tax (CAT) Update
Happy New Year! As we welcome 2020 and finalize our preparations for the upcoming busy season, we’d like to keep...
Oregon Passes New Corporate Activity Tax
Oregon’s landmark legislation House Bill (HB) 3427A (the “Student Success Act”) was passed by the Senate on May 13, 2019,...
The Wayfair Decision and Its Impact On Your Business
As Oregonians sales and use tax can sometimes feel like a foreign concept. We don’t pay it on the goods we purchase...
Unraveling the Latest Tax Reform and Its Effects on the Real Estate Industry
Recently, real estate industry leaders gathered in standing room only fashion at the PDX Live Studio to hear how tax...
2017 Federal & Individual Tax Reform Summary
You may have heard that both the House and Senate recently approved the final compromise tax reform bill. While most...
Oregon Legislature Passes $5.3 Billion Transportation Funding Bill
On July 6th, 2017 the Oregon legislature passed the $5.3 billion transportation package (Oregon House Bill 2017) which is expected...
PATH Act Update: Depreciation Provisions Clarified
This past April the IRS issued Revenue Procedure 2017-33 which provided additional guidance on several beneficial provisions of the Protecting...
IRS Tires of Valuation Disappearing Act
IRS Proposes Regulations Restricting Discounts on Family Transfers Experts have been able to assist families transfer wealth between generations using...