News

Jeff_K_large

Jeff A. Kieckhafer

12750 High Bluff Drive,
Suite 160
San Diego, CA 92130

Read Bio >
Greg Fletcher

Gregory A. Fletcher

U.S. Bancorp Tower
111 SW Fifth Avenue, Suite 1850
Portland, OR 97204

Read Bio >

Multnomah County Voters Reject Metro Payroll Tax; Approve Universal Preschool Measure

By KBF Editorial | November 9, 2020

Portland-area voters rejected the Metro Council’s payroll tax on employers (Measure 26-218). The measure failed by a 57% to 43% margin. Conversely, Multnomah Country approved…

Read More

New California small business hiring credit for 2020. Especially attractive for restaurants and retail industries

By KBF Editorial | October 28, 2020

Small businesses are able to get a nonrefundable credit of $1,000 for each net full time equivalent employee addition. The total credit can range from…

Read More

Current COVID-19 Related Tax Guidance for Oregon, Washington, and California

By KBF Editorial | October 16, 2020

Working remotely has become the new normal for many employees on the West Coast. Although many employees enjoy the convenience of working remotely, both employees…

Read More

European Commission Appeals Apple’s Major “State Aid” Tax Victory

By KBF Editorial | October 5, 2020

Earlier this summer, Apple won a $15 billion State Aid case related to its Irish operations. This decision was rendered by the EU’s lower court. In…

Read More

Accounting for Income Taxes – A Path Towards Simplicity – ASU 2009-06

By KBF Editorial | September 29, 2020

The Financial Accounting Standards Board (FASB) establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting…

Read More

Executive Order Allows Tax Deferral of Social Security Tax for Employees

By KBF Editorial | September 4, 2020

On August 9, 2020, President Trump signed an executive order that allows for the deferral of withholding, deposits, and payments of the employee portion of…

Read More

Supreme Court Denies Review of Tax Breaks for Big Tech Companies in Altera but the Controversy Continues

By KBF Editorial | August 27, 2020

The Supreme Court denied a petition of certiorari in Altera v. Commissioner on June 22, 2020, a closely followed case from the Ninth Circuit concerning…

Read More

Proposed Reliance Regulations on Disallowed Transportation and Commuting Expenses

By KBF Editorial | August 12, 2020

Background As amended by the Tax Cuts and Jobs Act (TCJA), Internal Revenue Code (“IRC”) Section (“Sec.”) 274(a)(4) disallows deductions for the expense of any…

Read More

Temporary California Net Operating Loss Suspension Signed into Law

By KBF Editorial | August 5, 2020

History California has at times either restricted the ability of individuals and corporations to utilize the full carryover amount of net operating losses (“NOLs”) or…

Read More

Multnomah County Reviewing Two Tuition-Free Preschool Measures for November Ballot – Both Seek to Tax High-Earners

By KBF Editorial | July 29, 2020

Multnomah County has two tuition-free preschool measures that may go to the ballot this November. The first campaign, Universal Preschool Now, has received enough signatures…

Read More

Seattle’s City Council Passes ‘JumpStart Seattle’ Payroll Tax on Big Businesses – Mayor Returns Bill Unsigned with New Proposals

By KBF Editorial | July 25, 2020

Seattle’s City Council recently passed a 20-year tiered payroll tax on businesses with payrolls greater than $7 million. Mayor Jenny Durkan returned the bill to…

Read More

Oregon Legislature Makes Changes to Corporate Activity Tax (CAT); Second Payment Deadline on July 31, 2020 Remains for Taxpayers

By KBF Editorial | July 24, 2020

The Oregon Corporate Activity Tax (CAT) is imposed on taxpayers that have commercial activity of more than $1 million. Although many Oregon taxpayers have asked for…

Read More