Tax Consulting and Compliance

Tax compliance, including the preparation and filing of your tax return, is often the first service people associate with accounting. And while it is a key part of what we do, much of the value we provide is in tax planning. Successful tax planning requires a deep knowledge of tax law and an equally in-depth knowledge of your business, including your operations, history, goals, and challenges. We are well versed in real estate transactions, business sales/acquisitions, international tax law, estate and trust planning, and more.

We know we do our best work when we develop long-term relationships with clients. This means we are seen as a trusted member of your team, teams remain consistent, you receive ongoing communication from us, and you have direct access to the Kernutt Stokes partner with whom you work.

We make it our priority to stay current on business issues and tax legislation in Oregon, including on the state, county, and local levels, as well as federal legislation and international issues. We will proactively reach out to you with new information that could affect your business. And, as an active member of BDO Alliance, one of Top 10 largest accounting firms in the U.S., we have access to a vast network of CPAs across the country to provide input on particularly complex or unique tax situations.

At Kernutt Stokes, it’s not about the transaction of your taxes; it’s about what’s best for you and your business.

Members of the Tax Consulting and Compliance team, led by Partner-in-Charge, Tiffany Nash (first from left). Tiffany is supported by teams in all of Kernutt Stokes’ offices.

Let’s talk about your business!

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Other Services

Learn more about our other services for your business.

Audit and Assurance
Retirement Plan Administration
Virtual Accounting
Risk Advisory Services
Business Consulting
Estate and Trust Planning

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Information and Resources

New Self-Correction Program for Late Participant Deferrals

by Andrea Smith |
Good news for 401(k) Plan Sponsors! Under new rules issued by the Department of Labor (DOL) beginning March 17, 2025, Plan Sponsors can now self-correct prohibited transactions resulting from the late funding of employee deferrals and certain participant loan failures. A new streamlined process will allow Plan Sponsors to correct those issues without filing under the DOL’s Voluntary Fiduciary Correction Program (VFCP) and provide fiduciary risk relief related to the correction of the prohibited transactions.

Impact of Federal Cuts on the IRS

by Krysta Smith |
Recently, there have been significant federal funding cuts across various federal agencies, and the Internal Revenue Service was not exempted from these changes. In 2022, Congress passed the Inflation Reduction Act which allocated an additional $80 billion to the IRS to improve the services they provide, increase compliance and enforcement action, and modernize the systems they use.

Important Retirement Plans Updates in 2025

by Andrea Smith |
New year, new rules, and new limits. In an increasing effort to help employees save for their retirement future, the SECURE 1.0 and SECURE 2.0 legislative acts contain several changes affecting retirement plans sponsors and participants. Over the next few months, we will deliver a series of articles which will take deeper dives into some of the newest rules and opportunities for retirement plans.

Understanding Fraud: Awareness, Deterrence, and Prevention

by Ethan Doak |
Fraud is a serious issue that affects people and organizations worldwide. It involves deceiving others to gain something valuable, like money or personal information. In this blog, we'll explore what fraud is, how we can become aware of it, and ways to prevent and deter it.