News
KBF Manager Additions
Please join us in welcoming to KBF our new tax manager. Sue Lin – Tax Manager Shuyi (Sue) joins KBF as a tax manager with the middle market team. Prior to joining KBF, Sue worked at Ernst & Young for six years where she provided tax compliance services to high-net-worth individuals and their family…
Read MoreTax 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 MoreTax 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 MoreKBF partners with Avalara to simplify tax compliance for SMEs
With frequent changes in tax law in different jurisdictions, it can be difficult for businesses to comply with various tax requirements. KBF CPAs recognizes this as an opportunity to address the challenges of a dynamic tax law environment. KBF’s solution is to partner with leading tax software Avalara to enhance KBF’s services, specifically helping small…
Read MoreKBF Manager and Director Additions
Please join us in welcoming to KBF our new tax managers and tax director. Masa Ozaki – Tax Manager Masa joins KBF as a tax manager in the corporate tax services practice. Masa started his career in 2011 with KPMG in New York in the corporate Japanese tax practice and has a total of…
Read MoreKBF Sales and Use Tax Newsletter – 1st Quarter 2021
KBF’s quarterly newsletter updates clients on sales and use tax news, developments, and trends from around the country. For our first edition, we feature updates on economic nexus laws in various states as well as sales tax on digital products. Learn more about these developments by downloading the newsletter here.
Read MoreEmployee Retention Credit Extended and Expanded
President Joe Biden recently signed into law the American Rescue Plan Act of 2021 (ARPA), considered to be one of the largest economic rescue packages in US history. Under the ARPA, the Employee Retention Credit (ERC) for small businesses is extended until December 2021. With this, the IRS issued detailed guidance for employers claiming the employee…
Read MoreKBF 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 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…
Read More2021 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 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.…
Read MoreMultnomah 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 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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