Blog
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...
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 Beacon CPA will spend the start of the new year preparing for the upcoming filing season,...
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...
The Keys to Successful Business Succession Planning
Succession planning is critical for a business’s future ownership and leadership, yet most business owners procrastinate in preparing for their future....
Perkins & Co Announces New Shareholders and Expansion of Service Line
Portland, Ore. – August 23, 2023 – Beacon CPA, a leading accounting and consulting firm located in Portland, Oregon,...
Why Do Startups Choose to Outsource Accounting Services?
As a startup founder or entrepreneur, you wear multiple hats and juggle various responsibilities to ensure the success of your...
Seven Strategies for Sustaining Your Business’s Commitment to DEI
In May, I had the privilege of speaking on a panel titled “Building DEI Into Your Firm’s DNA” at the...
How to Encourage Business Growth in Today’s Uncertain Economy
In today’s economy, businesses face a challenging landscape that demands strategic decision-making and careful evaluation of risk tolerance, market positioning,...
Perkins & Co Ranked Third Most Diverse Accounting Firm in Portland-Metro Area
Portland, Ore. – June 7, 2023 – Beacon CPA, the largest locally owned accounting firm in Portland, is pleased...
Foresight Beats Hindsight at Tax Time: Seven Ways to Make Filing Faster and Easier in 2024
As a public accounting firm, we see firsthand the challenges businesses and individuals face at tax time. The filing process...
Oregon & Washington Tax Comparison
Oregon & Washington Tax Comparison In search of an overall comparison of state and local taxes between Oregon and Washington?...
Washington’s Supreme Court Upholds the New Capital Gains Tax
Update 11/12/2024: Washington voters have voted down Initiative 2109, which sought to repeal the capital gains tax. This means that...
Expense Classification Tips for Breweries and Distilleries: Understanding COGS, SGA, and Expenses Offsetting Revenue
Revenue growth and gross margin percentages are key metrics to owners, managers, suppliers, customers, and investors of companies in the...
Multnomah County Ballot Measure 26-238: Eviction Representation for All
Perkins was recently engaged to provide tax analysis on the proposed Multnomah County ballot measure 26-238 set to be voted...
Washington’s New Capital Gains Tax Is Being Enforced
The 2021 Washington State Legislature enacted a new 7% excise tax on long-term capital gains, effective for sales or exchanges...