Tax Services

Tax Planning
We take a proactive approach to tax planning, from the moment you become our client we are looking ahead to try and minimize your tax burden.  We take into account both your short term and long term goals so  tax planning  is a part of your overall business strategy.  You can use our experience and access to the most current  developments in tax laws throughout the year to minimize both your current and future tax liabilities.

Tax Preparation
Today’s tax laws are constantly changing. We keep-up with these changes by continuous in depth training. Our significant investment in tax preparation software enables us to accurately and efficiently prepare Federal, State, and Local returns for various types of entities including individuals, corporations, LLCs, partnerships, trusts, estates, and not-for-profit organizations.

Multi-State
If you moved into Oregon during the year from a state that has an income tax, or you lived in Oregon all year but had income from another state, we have the expertise and the software to file any of the other 49 states tax returns.  If you have a Corporation, LLC, or Partnership that does business in other states we can help you determine the filing requirements for those states.

IRS & State Audit Support
Should you be notified you are being audited or receive other correspondence from federal, state or local taxing authorities. Give us a call our years of experience in dealing with various taxing authorities allows us to minimize the time and effort you will have to spend sorting out the issues.

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Bookkeeping
In today’s competitive market place it is critical that your business has current financial reports. Only through a structured reporting system can you get the information you need to take control of your business and guide it in the direction you want it to go. We have extensive experience using and implementing QuickBooks® software, we can assist you in getting a QuickBooks® accounting system up and running or improve the system you have.  Financial reports should be a fast and accurate way for you to get feedback on the financial status of your business.  We can work with you on a monthly, quarterly, or annual basis.

Financial Statements
We provide financial reporting on two levels of assurance:
      

• Compilation of Financial Statements: A compilation involves taking management’s information and presenting it in the form of financial statements. When compiling financial statements, accountants are not required to corroborate or review the information, and do not express any assurances on the numbers.  An accountant’s compilation report will be attached.

• Review of Financial Statements: A review allows for having the financial statements analyzed by qualified professionals. As reviewers, we look at information provided by the company’s management and perform inquiry and analytical procedures to make sure the information is fairly stated.  The process provides limited assurances that there are no material modifications that should be made to the statements in order for them to comply with Generally Accepted Accounting Principles.  An accountant’s review report will be attached.

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Business Entity Selection
There are various forms of entity for your new or existing business to choose from (S-Corporation, Partnership, LLC, Sole Proprietorship). This is a crucial decision that can have longstanding  tax implications, positive or negative.  We are able to provide a comprehensive analysis of the different options and assist you in choosing the one that best fits your needs.

Buying or Selling a Business
Properly structuring the allocation of assets in the contract is a critical step in the process of purchasing or selling a business and can have serious tax implications.  We can assist you in analyzing opportunities and help develop strategies to deal with these transactions in a tax favorable way.  

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Design
There are several different types or retirement plans available to business’s (SEP, SIMPLE, 401(k), Profit Sharing, and Defined Benefit).  Every business is different and the goals of the owners or shareholders will vary depending on there unique situation. We have the experience and can provide a feasibility analysis to help you decide which plan bests fits your business.

Government Compliance
The rules surrounding qualified retirement plans (401(k), Profit Sharing, and Defined Benefit) continue to become more complicated every day.  The IRS and Department of Labor have very stringent rules that you must follow to avoid penalties, some quite severe.  With more than 15 years experience in the qualified plan arena, we will make sure that your plans stay in compliance by filing your annual Form 5500, reviewing the plan documents and keeping you updated on all the changes that take place.

Administration
Whether it is quarterly, semi-annual, or annual administration that is needed, we have the skills and the software required to get the job done. We deal with individually directed 401(k) plans and prepare accurate statements that the average participant can read and understand. The statements are prepared in accordance with the reporting requirements put into place by the Pension Protection Act of 2006. We also account for loans, distributions, rollovers and other administration issues as they arise.  Our goal is to make your qualified retirement plan easy for you to maintain.

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