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PO Box 2214       Oregon City OR 97045       503-656-0699 


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 IRS CIRCULAR 230 NOTICE:
 To ensure compliance with requirements imposed by the IRS, we inform you that statements on this website, that could be construed as federal tax advice, are not intended or written to be used and cannot be used for the purpose of avoiding penalties under the Internal Revenue Code or regulations of other  governmental taxing authorities or agencies. Furthermore, this website is not intended or written to support the promotion or marketing of any tax schemes.

 

Date last modified: 10/11/11
 

Accounting and Tax Services
For Businesses

Our office offers a variety of services for businesses including regular monthly accounting and bookkeeping, initial set-up of  company books, applying for employer identification numbers, payroll calculations for 1-3 employees, completing quarterly employee tax reporting, preparation of W-2 and 1099 forms, and consultations. We use both Peachtree and Quick Books accounting software. We are especially well-suited for the business that needs a few hours of accounting each month but doesn't have the in-house expertise to do it with confidence or have the time to keep it up-to-date. We let the business owner focus on the task of building and operating a successful business!

There are several types of Business Entities and each has its own legal and tax return requirements. Some tax laws/rules are the same for corporations, partnerships, limited liability company, or sole proprietorships, while others are entity-specific. States and Local jurisdictions, such as counties and cities, may have their own regulations and taxes, as well. A person is a member of an LLC, a partner in a partnership and can be an officer, director, stockholder or employee of a corporation. 

A business entity must be chosen before beginning a business if more than one owner is to be involved.  Invest in consultations with both a lawyer and an accountant before choosing a business entity.  Be sure to ask questions so you fully understand your obligations and potential  liability.  Your choices are important and will make a difference!

The following links provide a brief summary of the different types of business entities and other issues of interest to business owners.  Also, link to our favorite Business Tax Tips directed to entrepreneurs and business owners.

 

Business Tax Tips

Corporations

C-Corp
S-Corp

Partnership

Limited Liability Company

Sole Proprietorship

Employee or Independent Contractor?

Hobby or Business?