California Sales and Use Tax Exemption

Background California allows qualifying manufacturers and certain research and developers a partial exemption from sales and use tax on various purchases of machinery and equipment used primarily for manufacturing, research, and development activities.  Additionally, the state expanded the partial exemption to certain power generators and distributors for equipment used for power generation, production, storage or…

Read More

KBF Sales and Use Tax Newsletter – 3rd Quarter 2021

KBF’s quarterly newsletter updates clients on sales and use tax news, developments, and trends from around the country. For our third edition, we feature updates on the tax treatment of digital goods in certain states. Learn more about these developments by downloading the newsletter here.

Read More

New KBF Director of Talent Acquisition

Please join us in welcoming our newest team member – April Dennis. April joins KBF in our newly created Director of Talent Acquisition role. Prior to joining KBF, April spent more than ten years with KPMG and joins us from their TA leadership team. Throughout her career, April has managed various HR programs and communication…

Read More

2022 Partner Promotions

KBF CPAs LLP is pleased to announce the admission of Rob Buchan as an audit and advisory partner of our firm. With more than 15 years of public accounting experience, Rob has spent his entire career providing audit and advisory services to both public and private clients across a diverse range of industries. In his…

Read More

Oregon-based Hemex Health receives funding for life-saving diagnostics device

Hemex Health has received the Innovation Award for its innovative portable diagnostics device which can help detect sickle cell, malaria, and other life-threatening diseases. Along with the Innovation Award, Hemex Health will receive funding from Oregon Lottery which funds programs and projects for Oregonians. This includes projects such as Oregon’s public schools, job creation, state…

Read More

KBF Sales and Use Tax Newsletter – 2nd Quarter 2021

KBF’s quarterly newsletter updates clients on sales and use tax news, developments, and trends from around the country. For our second edition, we feature updates on how digital goods are defined in certain states as well as updates on economic nexus laws. Learn more about these developments by downloading the newsletter here.

Read More

Oregon State Tax Updates

Oregon tax updates

Here are the latest news and updates on Oregon state and local tax.   New Pass-Through Business Alternative Income Tax Signed by Oregon Governor in July of 2021, S.B 727 establishes an elective pass-through entity (PTE) business alternative income tax based on the PTE’s distributive proceeds.  The newly established alternative PTE income tax, which is…

Read More

KBF Manager Additions

Please join us in welcoming to KBF our new tax managers.   Tamara Ward – Senior Tax Manager Tamara joins KBF as a senior tax manager, based in Portland.  Prior to joining KBF, Tamara worked at Nike, focusing on global tax accounting and reporting and federal tax compliance.   Tamara will focus on assisting KBF clients with…

Read More

Tax Classification of Digital Transactions (Part 2 of 2)

Since the issuance of the original -18 Regulations in October 1998, the digital economy has evolved significantly. Floppy disks and downloads of content to our personal computers are no longer the principal means of delivering and accessing digital resources. Cloud computing is mainstream. Now pervasive, cloud computing affects many aspects of our digital experience at…

Read More

Tax Classification of Digital Transactions (Part 1 of 2)

The U.S. international tax rules were developed in a “brick-and-mortar” economic environment. In general, the domestic tax laws and tax treaties contemplate transactions and investments involving physical property or physical services. The digitalization of the global economy has resulted in uncertainty in applying U.S. tax laws to transnational business. One of the most fundamental income…

Read More