Jeff A. Kieckhafer

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

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Greg Fletcher

Gregory A. Fletcher

5285 Meadows Road
Suite 420
Lake Oswego, OR 97035

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COVID-Related Tax Relief Act of 2020 Implications When Reevaluating Year-End Valuation Allowance for Deferred Tax Assets

By KBF Editorial | January 2, 2021

As the calendar year comes to an end, companies are scrambling to finish their year-end tax planning. Assessing valuation allowances for deferred tax assets (DTAs)…

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President-elect Biden’s Tax Plan – Tax Implications of a Changing Administration

By KBF Editorial | December 16, 2020

Although appeals continue in the courts, former Vice President Joe Biden is well into his transition plan to assume the Presidency. Additionally, as of December…

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Accounting for Income Taxes–A Path Towards Simplicity–ASU 2013-11

By KBF Editorial | December 15, 2020

To download a PDF version please click here Generally Accepted Accounting Principles (GAAP) The Financial Accounting Standards Board (FASB) establishes financial accounting and reporting standards…

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IRS Releases Guidance in FAQs Regarding the Interaction of PPP Loans and the Employee Retention Credit in M&A Transactions

By KBF Editorial | December 11, 2020

The Internal Revenue Service (IRS) recently updated its FAQs page and released guidance for parties engaging in mergers and acquisitions (M&A) in 2020. Because of…

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IRS Form 1099-MISC & 1099-NEC—A New Filing Requirement for Independent Contractor Payments

By KBF Editorial | December 4, 2020

Traditionally, taxpayers have used Form 1099-MISC to report certain payments to the IRS, including payments made to independent contractors. Form 1099-MISC has been redesigned, and…

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OECD Releases BEPS 2.0 Blueprint

By KBF Editorial | November 11, 2020

At the beginning of 2020, the Organization for Economic Co-operation and Development (OECD) expected to complete its global taxation transformation known as “BEPS 2.0” by…

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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…

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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…

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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…

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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…

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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…

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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…

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