Business Tax Services
Tax preparation, compliance, and bookkeeping for Oregon small businesses—from sole proprietors to multi-member entities.
Business structures we work with
S-Corporations
Form 1120-S preparation, reasonable compensation analysis, shareholder distributions, and Oregon PTE-E election optimization.
Partnerships & Multi-Member LLCs
Form 1065 preparation, partner K-1 allocations, guaranteed payments, and capital account maintenance.
Single-Member LLCs
Schedule C preparation, SE tax optimization, and guidance on when S-corp election might save you money.
C-Corporations
Form 1120 preparation, officer compensation, retained earnings strategy, and Oregon corporate excise tax.
Oregon & local business taxes
Running a business in Oregon means navigating layers of state and local tax obligations beyond federal. We handle them all:
- Oregon Corporate Activity Tax (CAT) — The state's gross receipts tax applies to businesses with Oregon commercial activity exceeding $1 million. We'll determine if you're subject and calculate your liability.
- City of Portland Business Tax (COP) — A net income tax on businesses operating within Portland city limits. Threshold and rate details depend on your situation.
- Multnomah County Business Income Tax (BIT) — A separate county-level tax on business net income for businesses operating in Multnomah County.
- Oregon PTE-E (Pass-Through Entity Elective Tax) — A workaround for the federal SALT cap that allows pass-through entities to pay state tax at the entity level. We'll analyze whether this election benefits your situation.
Beyond tax returns
- Monthly or quarterly bookkeeping and reconciliation
- Quarterly estimated tax payment calculations
- Entity structure analysis (LLC vs S-corp vs C-corp)
- New business setup guidance and EIN applications
Should your LLC elect S-corp status?
For many self-employed Oregonians earning above a certain threshold, electing S-corporation status can significantly reduce self-employment taxes. But it's not right for everyone—there are compliance costs, reasonable compensation requirements, and Oregon PTE-E considerations to factor in.
This is one of the most common questions I help clients answer. Reach out and we'll look at your specific numbers.
Let's talk about your business
Every business is different. Reach out for a free introductory call to discuss your needs.
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