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Accounting and Bookkeeping Services in Portland, OR
1-800Accountant, America's leading virtual accounting firm for small businesses, offers seamless end-to-end bookkeeping and accounting services handled by experts designed to give you peace of mind and the extra time you need to focus on building your business.
Our Accounting Services for Portland, OR Small Businesses
Business Tax Preparation: Ensure your taxes are in order with our Portland-based CPAs who specialize in navigating Oregon's unique tax landscape. With an average of 17 years under their belts, our experts can unlock significant savings by optimizing your business tax preparation for the Rose City.
Bookkeeping: Keep your financial foundations rock-solid with meticulous, error-free bookkeeping tailored for Portland businesses. Our detailed process delivers lucid reporting that empowers data-driven decisions while providing your accountant with the insights needed for robust financial modeling.
Tax Advisory: Tax season extends far beyond April in the Beaver State. Our affordable tax advisory service pairs you with a dedicated Portland CPA to strategically minimize your tax obligations year-round while ensuring full compliance with Oregon's tax codes.
Payroll: Wave goodbye to payroll headaches with our comprehensive service that handles payments, tax submissions, and all Portland payroll compliance - freeing you to focus on driving your business forward.
Business Formation: Get started on the right foot by officially incorporating your Portland business through our streamlined service. Simply cover state fees, and we'll handle the rest - optimizing your structure for maximum tax efficiency in Oregon.
| Level | Rate |
|---|---|
| State Tax Rate | None |
| County Tax Rate | None |
| Municipal Tax Rate | None |
| Combined Sales Tax Rate | None |
| City-Specific Taxes |
|---|
| Portland businesses must pay a business license tax. |
| Portland residents with taxable income of over $125,000 (single) or $200,000 (joint) must pay a 1% Metro Supportive Housing Services (SHS) Personal Income Tax |
| Portland residents with taxable income of over $125,000 (single) or $200,000 (joint) must pay a 1.5% Multnomah County Preschool for All (PFA) Personal Income Tax. Those with income over $250,000 (single) and $400,000 (joint) must pay an additional 1.5%. |
| State | State Tax Rate | Rank | Avg. Local Tax Rate | Combined Rate | Rank | Max Local Tax Rate |
|---|---|---|---|---|---|---|
| Oregon | 0% | 1 | 0% | 0% | 1 | 2.00% |
| Licenses and Permits |
|---|
| Portland businesses must apply for the business license tax |
| Grants and Funding in Portland | Grants and Funding Information |
|---|---|
| Local Small Business Repair Grants | Portland offers Local Small Business Repair Grants, which provides grants up to $10,000 for small businesses that need repairs for physical damage or vandalism. |
| Prosper Portland Business Finance Programs | Prosper Portland Business Finance Programs offer a variety of loans with flexible repayment terms. |
| Prosperity Investment Program (PIP) | Prosperity Investment Program (PIP) offers a matching grant for businesses to make tenant improvements and improvements to buildings. The program provides 50% matching funds for approved project costs in TIF districts. The total grant may not exceed $50,000, except for the Interstate Corridor TIF District, which offers up to $75,000 with a 75/25 match. |
What to Look for in Portland, Oregon Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Oregon small business, you should consider the following factors:
Certifications and State Compliance: Ensure the accountant or bookkeeper has the right title and certifications, such as working as a CPA. They should also be fluent in Oregon's specific tax regulations and compliance requirements.
Experience and Specialization: Search for professionals with experience in your specific industry. Specialized knowledge is crucial for managing industry-specific financial matters and for strategic long-term planning.
Understanding of Local Economic Conditions: Opt for a professional who understands the local economic environment in Oregon. This includes familiarity with the state's prominent industries, such as technology, green energy, and craft brewing, as this knowledge can impact financial decision-making and tax planning.
Knowledge of State Tax Incentives: Oregon offers business-friendly tax incentives, including credits for renewable energy investments, R&D, and specific industry advantages. A knowledgeable financial professional can help navigate these incentives and make recommendations to minimize your tax burden.
Things to do in Portland, Oregon
Whether it's the tried and true or something unique and new, there's plenty to do in Portland, Oregon. Portland is named after co-founder Francis Pettygrov's hometown of Portland, Maine, which was decided by three coin flips, two of which were in Pettygrov's favor. That coin, now called the Portland Penny, is on display at the Oregon Historical Society, a must-visit museum in Portland's ever-changing downtown. Since that fateful flip, Portland has attracted entrepreneurs and small business owners as it became an economic engine driving the region, with core industries including healthcare, software, and clean technology leading the way. Find out how our tax professionals can help your Portland-based business grow.
Why people enjoy living in Portland, Oregon
Families and full-time residents enjoy living in Portland for the food, art, and continued evolution of its distinct culture. Many of Portland's cultural contributions revolve around the arts, which include live music shows, theater, and comedy. There are quieter, more natural options to experience in Portland that can be enjoyed by the entire family, including the Portland Japanese Garden, viewed as the most authentic outside of Japan, and Forest Park, which is the largest urban park in America at over 5,100 acres. Portland offers diverse experiences for everyone, which is why it is a popular and enjoyable place to call home.
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Talk to a business tax expert today for all your tax needs in Portland, Oregon.
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
*Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
*Historical first-party data.