Blog

SBA Loan Necessity Questionnaire for Borrowers With PPP Loans Over $2 Million

Earlier in the year, the Small Business Administration (SBA) announced that it will be reviewing all Paycheck Protection Program (PPP) loans of $2 million or...

State & Local Tax Updates in Oregon

It’s been almost three years since the Tax Cuts and Jobs Act (TCJA) was passed, creating a wild west for...

Paycheck Protection Program (PPP) Loan Forgiveness Update

We Are Ready to Help!   Perkins is ready to assist you with your PPP Loan Forgiveness calculation. Have you...

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: Estate Planning, Business Valuation, & Debt Workouts

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...

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...

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...

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...

Oregon, Portland/Multnomah, & Portland Arts Tax Timing Updates

Portland, Ore. – March 27, 2020 We have summarized below the most recent guidance from Oregon (issued March 25th) and...

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...

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...

Finding the Opportunity in Opportunity Zones

Since the Tax Cuts and Jobs Act (TCJA) passed in December 2017, Opportunity Zones (O-Zones) have been a commonly misunderstood...

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...