Blog
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...
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,...
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...
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...
Final Federal Guidance on April 15, 2020 Automatic Relief (Notice 2020-18)
Portland, Ore. – March 23, 2020 Late Friday, the IRS issued Notice 2020-18, which contains formal guidance relating to the...
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...
Getting Information Ready for Tax Accountants Part II: Individuals
It happens every year around this time – “important tax documents” arrive in your mailbox or inbox, and you know...
Getting Information Ready for Tax Accountants Part I: Small Businesses
January again! The busiest time of year for many accountants and bookkeepers. There’s the general ledger to reconcile and close...
The Magic of Tax Planning!
As 2013 draws to an end, we at Perkins find ourselves with a few tax planning tricks up our sleeves...
Oregon Recognizes Out-of-State Same-Sex Marriages
Despite Oregon’s continuing constitutional ban on same-sex marriages, the Oregon Department of Administrative Services announced today that all Oregon agencies...
Oregon Budget Deal Good for Active Owners of Partnerships, LLCs, S Corps
Last week, the Oregon legislature passed HB 3601 as part of the “grand bargain” that, among other provisions, changes individual...
Tangible Property Update
Last month the IRS released final tangible property regulations which include significant taxpayer-friendly changes and will challenge virtually every business...