Frequently Asked Questions

Faq's

It can be hard to decide what type of help you need for your small business. However, hiring an accountant for your small business can free up some time for you. If you don’t understand basic bookkeeping, you should consider hiring an accountant. They can help you with financial analysis, data management, financial reports, and also make sure your company meets all regulatory compliance necessary with the Federal and State government. For more information on accountant services, visit our website at www.perpetualcpa.com.

A CPA or certified public accountant acts as a consultant on accounting and taxes. They are a trusted financial advisor that helps individuals, businesses (including small businesses) and organizations to both plan and reach various financial goals. Ultimately, all CPAs are accountants, but not all accountants are in fact CPAs. A CPA is a valuable tool for a business in that they can help you make the best decisions for your long-term financial health. To learn about our CPA services at Perpetual CPA, contact us for more information.

When you start a business, you will want to consider hiring an accountant or CPA. When you start a business, there are many steps to take to ensure that your business has a strong foundation. These things include:

  • Deciding what business structure is best (LLC, corporation, partnership, or sole proprietorship)
  • Assisting with creation of the business plan
  • Providing advice on opening a business bank account
  • Offering suggestions on how to best track expenses during daily business

Once your business is set up, you will need to maintain this accounting system that an accountant helps you set up. Ultimately, hiring an accountant to help you ensure that everything runs smoothly is important. To learn what we can do for your business, contact us for more information.

The taxes that you pay and how you pay them depend on how you set up your busines initially. All businesses must file an annual income tax return. C corporations pay at the corporate rate, while all other businesses are pass-through entities and are taxed at individual rates. Small business owners who expect to owe at least $1,000 need to estimate and pay quarterly taxes. If you don’t pay them or don’t pay enough, you are hit with penalties or interest. If you have employees, you must pay employment taxes, including federal income tax withholdings, federal unemployment tax, and social security and Medicare taxes.

An accountant can help you determine what state or local taxes you will owe in Oregon. This can include state income taxes and property taxes. In Oregon, we do not have sales taxes, which would have to be paid in other states. To learn more about what taxes your small business owes annually, contact a CPA.

One of our accountants can help you fill out all applicable business registration forms and pay the necessary fees for registration. Many times, this can be done online for your convenience. You can also renew, reinstate, or update business registrations online too. Our accountant team at Perpetual CPA can help you register your business in Oregon.

A tax advisor is an accounting professional who specializes in the U.S. tax code. They have the necessary knowledge needed to help taxpayers and small businesses to minimize their tax burden. Certified public accountants are licensed by the federal government and is licensed by the State of Oregon. They must complete 150 hours or study and clear a CPA test to be a part of the American Institute of CPAs. At Perpetual CPA, our team of experts can help ensure your taxes are paid properly and on time.

When you’re hiring accounting help to resolve tax issues, you will be charged an initial fee that depends on the size of your bill. At Perpetual CPA, we offer consultations where we can determine which services you need and the time it will take for us to settle your claim successfully. During this meeting, we can offer you a cost estimate for our tax resolution services.

An outsourced CFO is a financial expert who offers financial strategy services. An outsourced CFO helps a company to resolve challenges such as tight margins, cash flow problems, or development of efficient systems. They have experience in high-level financial roles. Best of all, they can offer you financial forecast, which help with budgeting, analyzing the health of a company, and projected growth.

A fractional chief financial officer (CFO) is an individual who helps organizations with their financial needs on a part-time basis. They offer a variety of services, including implementing a new accounting system, navigating a project such as an audit, or tracking a company’s financial health. Having an experienced person on your team is valuable (and on a part-time basis) as you get expertise at a fraction of the cost of a full-time employee. They may even act on your behalf to make sure your financial statements remain in order. To learn more about what a CFO can do for your business, contact us to schedule a consultation.

The short answer is yes. This allows you to focus on what you’re good at and leave the finances to a financial expert. When you outsource accounting, you can save money as compared to a full-time bookkeeper or accountant. The less it costs to run your accounting operations, the more money you can reinvest into your business.

Hiring an accounting professional also helps reduce any employee fraud. They can help you to minimize your tax burden too as they have immense knowledge about the tax codes related to your business in Oregon. They also know the top software to use to ensure your financial documents are secure. Best of all, they can offer you valuable advice that helps your company continue to grow.

A bookkeeper can create invoices, chase down payment, get you prepared for tax deadlines, and process your payroll. These are just some of the things that a bookkeeper from Perpetual CPA can do for your small business. They will ensure your business follows all laws and can manage the daily accounts. They stay on top of your accounts daily and keep track of every sale or purchase to do so. They also ensure everything is accurately tracked so there are no inconsistencies in your books and your accounts.

Is Perpetual CPA the “Right Fit” for your Company?

Choosing the right accounting solutions provider and advisory firm is one of the most important decisions you will make for your company. The right accounting team and Trusted Advisor relationship will give you access to a team that will work “in the trenches” with you to meet challenges head-on, to search for ways to streamline and standardize business processes, “wow” new and existing customers by making it easy to work with your back office, and truly feel like your most critical allies.

It is so often said that business is not personal, but we believe that business is always personal in a closely held company.

A successful and profitable company creates jobs, feeds families, provides products and/or services that improve lives, and also pays suppliers and others who are then able to continue the cycle in their own companies. Successful companies are able to provide flexible work arrangements, maintain high employee morale, and make a difference.

Perpetual CPA has a proven track record of helping clients create the strategies, infrastructure, and standardized processes needed to run successful, scalable, leading edge companies.

The most successful leaders and managers understand investing in quality services and advice is an investment that pays for itself many times over. Hiring the right accounting and advisory services firm should include seeking a company that invests in:

  • “Best-of-Breed” technology solutions to ensure that you are able to take advantage of the latest tools and resources available to run your company from anywhere, with “real-time” access to the information you need to make decisions.
  • Hiring the right staff to meet your needs, and then providing ongoing staff training, room for growth, flexibility, and recognition – this helps to ensure long-term employee retention, so that you are not faced with the common problem of “always working with the new person”.
  • Redundant technology practices and resources — all Perpetual CPA staff are equipped to work from home just as they can from the office. Our phones are answered using the leading VOIP technology, and calls can be transferred to staff in any location. We maintain redundant types of internet connections, multiple sources of electricity/battery power, and the technology solutions we use are in state-of-the-art locations with the latest in backup and security features. This means that inclement weather, or other events that would normally shut down a “traditional” office, have not been a factor for our employees or our clients. If you lose power in your own office or home, but use an iPad or have a laptop with a battery and internet access, you’ll see just how easy it is to stay connected to all of your business information. We maintain an ongoing commitment to maintaining our infrastructure, so that you can count on us!

A “Right Fit” client of Perpetual CPA is a client who is seeking a true ally and partner when selecting their accounting and advisory firm. Our clients understand the value of having access to the leading web-based (SaaS) technology solutions that provide them with access to their information from anywhere, in a user-friendly “Dashboard” format. They also want and rely on the receipt of timely, accurate financial information, including Key Performance Indicator and Critical Success Factor “Snapshots” that provide highlighted information about the company’s ongoing operations, suggestions where opportunities for improvement are noted, and the opportunity to ask for assistance with special projects as they arise.

Our clients understand that in order to hire and retain the talented and dedicated staff that they WANT on their team, we address the ongoing need to provide our staff with excellent compensation and benefit packages, continuing education, access to support and development resources, and access to the technology solutions they need to meet the diverse needs of the clients they serve. Our “Right Fit” clients realize that they receive a return on their investment that could not be found anywhere else. Many of our clients have been with us since our first months of operation.

Our most successful clients also understand that we need to receive information in a timely and consistent manner, need to maintain open communication, and need to feel comfortable speaking freely when we feel there are either opportunities or challenges in the company that should be brought to the attention of the owner or management. As part of our ongoing accounting and advisory services structure, we ask our clients to meet with us by phone, web meeting or video call at least once each month so that we keep in consistent contact and are truly able to work as a team. Most of our clients speak with us much more frequently, or find it convenient to communicate with us by email.

At Perpetual CPA, we operate based on two maxims:

1. Always strive to provide high-quality professional services and deliverables to our clients.

2. Always strive to provide more value to our clients than they pay for.

Located in Portland, Oregon, we are a full-service CPA firm working with clients nationwide. We offer a wide variety of services catered to assisting business owners, executives, and independent professionals from all over the country. You can trust our qualified and experienced team to handle your business affordably and efficiently every time.
Call Perpetual CPA today at (503)217-4114!

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