KBF Sales and Use Tax Newsletter – 1st Quarter 2024

KBF’s quarterly newsletter updates clients on sales and use tax news, developments, and trends from around the country. In Alaska, the seasonal sales tax has been reinstated, making the tax rate 6% from April 1 to September 30. Meanwhile, remote retailers in Colorado that do not collect sales tax and haven’t met the economic nexus…

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Important Updates to Multnomah County’s Preschool for All Income Tax

Multnomah County has adopted amendments to the Preschool for All income tax program aimed to improve tax administration and compliance. Some of these key changes include: Electronic Filing: The County wants to authorize the Tax Administrator to require electronic filing of tax returns through administrative rules. Pass-Through Income Deduction Clarity: The language regarding the deduction of pass-through…

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KBF Sales and Use Tax Newsletter – 4th Quarter 2023

KBF’s quarterly newsletter updates clients on sales and use tax news, developments, and trends from around the country. Several key sales and use tax updates emerged in the final quarter of 2023. Starting in January 2024, Georgia will start taxing digital products such as downloadable music and ebooks. Meanwhile, Iowa ended exemptions for certain business…

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2024 KBF Partner Promotions

KBF CPAs LLP is pleased to announce the admission of Chad Herman and Jon Skinner as tax partners of our firm. Chad Herman Chad has more than 30 years of experience in public accounting and leads our Middle Market Tax Services practice and team. He specializes in closely held businesses, pass-through entities, real estate, and…

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2024 KBF Director Promotions

We are pleased to announce the promotions of Emily Anderson, Alex Poe, Shannon Tran, and Ryan Wang.    Emily Anderson Emily is an experienced tax professional with over 15 years of public accounting experience. Her focus on emerging growth and venture-backed companies, particularly in Software as a Service (SaaS) and pre-public Bio Pharma sectors, provides…

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KBF Sales and Use Tax Newsletter – 3rd Quarter 2023

KBF’s quarterly newsletter updates clients on sales and use tax news, developments, and trends from around the country. This edition provides the latest information on the tax status of remote software, digital goods, and virtual currencies in specific states. Additionally, it offers insights into recent updates regarding tax exemptions for select food items, as well…

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Portland passes Downtown Business Incentive Program

Portland’s central city has witnessed a substantial exodus of businesses since 2019, with many relocating to nearby counties. The official vacancy rate for office spaces in the central business district stands at approximately 26%, though it is anticipated to be significantly higher and expected to continue rising. Among the primary obstacles cited by departing businesses…

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Oregon taxpayers to receive record $5.6 billion kicker tax rebate

Oregon taxpayers can anticipate receiving an unprecedented kicker tax rebate of $5.6 billion, based on the near-final forecasts released on Wednesday. This rebate works out to the median taxpayer receiving approximately $980, nearly three times larger than the previous kicker. This substantial payout underscores Oregon’s economic resilience following the pandemic, along with the underestimated strength…

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KBF Sales and Use Tax Newsletter – 2nd Quarter 2023

KBF’s quarterly newsletter updates clients on sales and use tax news, developments, and trends from around the country. This edition includes crucial updates on economic nexus standards and thresholds for various states, changes in the taxability of retail delivery fees, challenges in digital advertising tax, and the taxability of drop shipping transactions. Learn more about…

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2023 KBF Director Promotions

We are pleased to announce the promotions of Jeff Storch and Brian Kehoe.   Jeff Storch Jeff is an experienced Corporate Tax professional with nearly two decades of public accounting expertise specializing in ASC 740 Accounting for Income Taxes. With a diverse client base ranging from start-ups to multinational corporations, he provides comprehensive services encompassing…

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