Please join us in welcoming to KBF.     John Baglien – Audit Manager John joins KBF as a Manager in the Audit practice. John has a background in both public accounting and industry. He started his career at KPMG in Portland, where he served publicly traded technology and manufacturing companies for six years, as…

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Please join us in welcoming Troy Bluske to KBF.       Troy Bluske Troy joined KBF as a State and Local Tax Director where he will be focused on growing and developing the sales/use tax practice.  Troy is a firmwide resource and will be assisting clients in all of the markets KBF serves. Troy…

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We are pleased to announce the promotions of Julie Laake, Ian Pierson, and Jon Skinner.   Julie Laake With over 15 years of experience in public accounting, Julie specializes in ASC 740 Accounting for Income Taxes. Julie’s clients include publicly traded companies, private equity and venture-backed businesses, and start-ups in a wide range of industries.…

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Personal Income Tax Questions & Answers   What are the income thresholds for taxation? Single filers – all Oregon taxable income over $125,000 is taxed at a 1.5% rate. All income above $250,000 is taxed at a 3% rate. In 2026, the rate increases by 0.8%. Joint filers – all Oregon taxable income over $200,000…

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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 accounting experience, Darin has spent his career providing tax and accounting services to both public and private clients across a diverse range of industries. In his role at KBF, Darin…

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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) is complicated and requires a lengthy process to ensure accuracy. This year, valuation allowances have been difficult to evaluate. The global pandemic, the CARES Act, and now the COVID-Related Tax…

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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 for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP).  The FASB is recognized by the Securities and Exchange Commission as the designated accounting standard…

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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 the COVID-19 pandemic, businesses took advantage of multiple stimulus programs in the CARES Act in order to keep their doors open. One of the most popular stimulus programs, the Payment…

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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 employers will now report all non-employee compensation paid to independent contractors on Form 1099-NEC. Although taxpayers will no longer report non-employee compensation in Box 7 of Form 1099-MISC, taxpayers must…

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