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Portland (OR) & Vancouver (WA) Tax Comparison
There has been increasing interest from many of our clients and other contacts in understanding the differences in state and...
Tax Highlights from the Infrastructure Investment and Jobs Act
President Biden signed the Infrastructure Investment and Jobs Act (the Act) into law on November 15, 2021. While the thrust...
Highlights from the Latest Tax Legislation Proposal from Congress
All of the following tax proposal highlights are subject to significant change within the House of Representatives, and possibly more...
Here’s What You Need to Know About Qualified Opportunity Zones in 2021
With much happening in the world, there continue to be new developments and important considerations around qualified opportunity zones (QOZ)....
It’s Time to Prepare for the Restaurant Revitalization Fund (RRF)
Over the past week, the SBA has started posting draft forms and guidelines for the Restaurant Revitalization Fund, which was...
The Restaurant Revitalization Fund (RRF) – Small Business Support That’s Not Just for Restaurants
Thanks to recently enacted legislation, restaurants* and bars hard hit by COVID-19 could see some financial relief in coming months....
American Rescue Plan Act of 2021 Summary of Tax & Business-Related Highlights
President Biden signed the widely reported $1.9 trillion American Rescue Plan Act of 2021 (the Act) into law on Thursday,...
PPP New Loan Application Update
Changes have been announced by the White House and SBA intended to help small businesses, including: Institute a 14-day period,...
New Stimulus Package Extends & Expands Employee Retention Credit
The Consolidated Appropriations Act of 2021 (Act), signed into law on December 27, 2020, contains significant enhancements and improvements to the Employee...
Second Round of PPP Loans, Federal Tax Deductibility of PPP Expenses, and Other Changes in the New COVID-19 Relief Bill
On Monday evening, Congress passed the latest round of much needed COVID-19 relief, which is included in the Consolidated Appropriations...
2020 Year-End Tax Planner
Let’s Get Tax Planning To help you make the most of the current tax breaks, our 2020 year-end tax guide...
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 Loan Forgiveness Considerations
So You Received a PPP Loan: What Next? If you received a Paycheck Protection Program (PPP) loan, it’s imperative to...
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: 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...