News
Jeff A. Kieckhafer
12750 High Bluff Drive,
Suite 160
San Diego, CA 92130
Gregory A. Fletcher
5285 Meadows Road
Suite 420
Lake Oswego, OR 97035
KBF Manager and Senior Manager Additions
Please join us in welcoming to KBF. John Baglien – Audit Manager John joins KBF as a Manager in the Audit practice. John…
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2021 KBF Director Promotions
We are pleased to announce the promotions of Julie Laake, Ian Pierson, and Jon Skinner. Julie Laake With over 15 years of experience in…
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Multnomah County Preschool Tax Q&A
Personal Income Tax Questions & Answers What are the income thresholds for taxation? Single filers – all Oregon taxable income over $125,000 is taxed…
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2021 KBF Partner Promotion
KBF CPAs LLP is pleased to announce the admission of Darin Pretti as a partner of our firm. With more than 13 years of public…
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COVID-Related Tax Relief Act of 2020 Implications When Reevaluating Year-End Valuation Allowance for Deferred Tax Assets
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
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
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
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
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
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
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
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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