News
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…
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…
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…
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…
KBF Sales and Use Tax Newsletter – 1st Quarter 2023
KBF’s quarterly newsletter updates clients on sales and use tax news, developments, and trends from around the country. This edition includes important rulings in taxable software services and digital goods, sales tax for third-party retailers, taxability of credit reporting services, sales tax for ticket resale, and more. Learn more about these developments by downloading the…
KBF Sales and Use Tax Newsletter – 4th Quarter 2022
KBF’s quarterly newsletter updates clients on sales and use tax news, developments, and trends from around the country. This edition includes important filing deadlines for businesses, changes in tax rates, tax requirements on digital services and remote sellers, and more. Learn more about these developments by downloading the newsletter here.
Doing Business in the City of San Francisco: Meeting Your Regulatory Requirements
Companies doing business in San Francisco (the city) are required to register and pay an annual registration fee. The general deadline for paying license fees for the 2023-2024 period is May 31, 2023. Furthermore, general businesses may be subject to up to four city taxes: the San Francisco Gross Receipts, Homelessness Gross Receipts, Commercial Rents,…
Los Angeles City Business Tax: What You Need To Know
Companies and individuals doing business in the City of Los Angeles and its neighboring cities may find themselves subject to the annual Los Angeles City Business Tax (LACBT), due on February 28, 2023. With work-from-home arrangements becoming more common, along with broad nexus standards, companies may find themselves unexpectedly triggering a filing obligation or increasing/decreasing…
New Portland Tax Alignment for City, County, and Metro Approved
The Portland City Council recently voted to simplify the sales factor apportionment for businesses in the area. These approved changes would allow Portland, Multnomah County, and Metro taxing authorities to use the state’s sales factor apportionment starting on or after January 1, 2023. The update aims to reduce the differences between jurisdictions and enables them…
KBF Sales and Use Tax Newsletter – 3rd Quarter 2022
KBF’s quarterly newsletter updates clients on sales and use tax news, developments, and trends from around the country. This edition features updates on marketplace seller clarifications, the tax treatment of digital goods and digital advertising, and tax treatment of IT as a service and other information services. Learn more about these developments by downloading the…
Granting Equity to International Employees
Tuesday, July 19, 2022 10:00 AM to 11:00 AM PST Startups and high-growth companies typically offer employee stock options to attract and retain talent. With the rise of remote work and hiring talent from around the world, granting stock options poses some challenges in compliance with international tax law. Join Adam Dunnett of Zedra and…
KBF Sales and Use Tax Newsletter – 2nd Quarter 2022
KBF’s quarterly newsletter updates clients on sales and use tax news, developments, and trends from around the country. This edition features updates on the tax treatment of digital goods, interstate transactions, and lease of equipment. Learn more about these developments by downloading the newsletter here.