News
KBF Sales and Use Tax Newsletter – 2nd Quarter 2024
Here are recent court rulings, legislation, and administrative changes that have significantly impacted sales tax landscapes across the country. State Attributes Third-party’s Activity to Taxpayer when Determining Nexus Arizona has effectively expanded the scope of its sales tax by determining that businesses utilizing in-state distributors have a physical presence and thus have sales tax obligations. This ruling aligns with a…
Common Income Tax Considerations For Early-Stage Life Science & Technology Companies
Tuesday, August 6, 2024 11:00 AM to 12:30 PM PST This webinar will delve into the specifics of tax considerations when forming your company, from choosing the right business structure to navigating the tax implications of fundraising. We’ll also explore tax planning for your day-to-day operations, ensuring you stay compliant and maximize your bottom line….
Oregon Voters to Decide on Additional Corporate Minimum Tax in November
Initiative Petition 2024-17 (IP-17) has qualified for Oregon’s November 5, 2024 General Election ballot; the measure is officially titled Oregon Measure 118, Corporate Tax Revenue Rebate for Residents Initiative (2024). If the measure passes, certain corporations will be subject to an additional minimum tax based on Oregon gross receipts. Additionally, the measure would significantly change…
Potential Minimum Tax on Large Oregon Businesses to Fund Rebates
Prospective ballot measure in Oregon (IP-17) would impose a minimum tax of 3% on the gross sales of corporations that have at least $25m in Oregon sales. The new minimum tax would be in addition to the current minimum tax levied by Or. Rev. Stat. § 317.090(2)(a)—the minimum tax which ranges from $150 to $100,000…
Understanding Advanced Estate Planning
Thursday, May 16, 2024 2:00 PM to 3:30 PM PST Advanced estate planning offers many advantages in assisting individuals with efficiently managing and distributing their assets, while also reducing tax burdens. Through tools such as trusts and charitable planning, individuals can safeguard their wealth, provide for their loved ones, and support causes they care about….
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…
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…
Maximize Your Go-To-Market Investment: Target Customers That Renew, Expand, and Drive Inbound Demand
Thursday, February 22, 2024 10:00 AM to 11:00 AM PST Companies typically struggle to acquire new leads consistently. Most sales teams chase new customers relentlessly, yet building a sustainable customer base remains a challenge. Join us as we explore data-driven strategies to transform your go-to-market efforts and unlock the hidden potential within your existing customer…
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…
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…
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…
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…