NOTE FOR THE UPCOMING 2022 TAX SEASON WE ARE CURRENTLY FULL! Please check back for openings.

The secret to great tax management lies in organization. After all, the last thing you want is to be caught off guard by an oversight or mistake that could have been avoided with a little more structure to your paper trail, calendar, financial forecasting and more. At Friend & Reagan, P.C., our goal is to eliminate any such challenges around organization you may have, whether that means taking on aspects of it ourselves or empowering you to do it with either our traditional or cloud-based tools. Once it’s better organized, let us guide you through a full range of tax planning and preparation decisions. We’ll use strategies that minimize your tax liabilities, maximize your cash flow, and keep you on track toward your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize any financial opportunities found in existing as well as recently altered tax laws. We are knowledgeable and current on the tax laws and can make sense of your receipts, bills and notices while leveraging opportunities to improve your financial wellness.

Our services include:

• Individual Income Tax
• Corporations
• Partnerships / Limited Liability Company (LLC)
• Non-profit Entities
• Estates and Trusts

If accounting and bookkeeping feel overwhelming to you, know you are not alone! At Friend & Reagan, let us take care of these to-dos, so you can better focus on your work—or play! After all, this is one key area of our firm’s expertise, and we get that regardless of whether you’re a start-up or a larger, more established enterprise, you must have accurate and insightful financial information to maintain profitability and capitalize on new opportunities. At Friend & Reagan, P.C., our accounting services will steer you closer to any such requirements and goals through our accurate recordkeeping and reporting. In addition, we’re happy to help you with your initial accounting system setup or getting organized with a cloud-based technology system. We excel in giving guidance that truly helps in the accounting and bookkeeping arena, particularly when it comes to issues around greater cost-containment, tax planning, investments and employee benefit and profit-sharing plans.

Our services include but are not limited to:

• General Ledger and Financial Statement Preparation
• Bookkeeping (Monthly, quarterly or annual)
• Traditional Accounting System Setup and Support
• Cloud-based Accounting System Setup and Support
• Payroll Processing
• Cash-flow Budgeting and Forecasting
• Personal Financial Statements
• Employee Benefit and Profit-sharing Plans
• Corporate Tax Planning and Return Preparation
• Litigation Support

In our area of Oregon, very few accounting firms are certified to handle audits, reviews and compilation services. So if this is required for your organization, look no further than Friend & Reagan, P.C. Since we opened our doors in the mid-1940s, we’ve been conducting this government-mandated work and know what it takes to do the job well. With our expertise, you’ll come away with a set of books that is clean and easy for readers to review. Plus, if we spot any concerns or oversights, we’re always here to provide support and offer viable solutions. We offer three levels of assurance depending on your organization’s needs.

Level I: Audits Audits offer the highest level of assurance to third parties and include in-depth examination and confirmation of account balances, inventories and selected transactions. We perform audits for you to remove errors, ascertaining the validity and reliability of your information.

Level II: Reviews Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.

Level III: Compilations Compilations are usually requested for internal purposes and are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.

Losing a loved one is hard enough. But when problems related to estate and trust planning come into the mix, an already emotional situation can become extremely complicated and even more stressful. At Friend & Reagan, our estate and trust planning for individuals can help ensure the financial security for loved ones. Likewise for businesses, it supports a smooth succession of ownership so there are no unanswered questions about the transition process. Our role is to assist in navigating the complex, shifting tax laws to facilitate the transfer of assets. We also work to minimize the tax liability of beneficiaries.

Everyone should have a well-thought-out plan for distributing assets left in one's estate. This will help prevent misunderstandings and other complications, plus it boosts the odds wishes will be followed. As well, tax and estate planning provide peace of mind in that loved ones won’t have to face any little hiccups or major hurdles during a time of loss.

Without a doubt, bookkeeping can be tedious and time-consuming. Yet accurate recordkeeping is essential to a successful business. Friend & Reagan, P.C. can take this task off your plate, so you can invest more of your time and energy into building and bettering your business. More and more businesses are turning to us to assist them with this aspect of responsibility, particularly with cloud-based tools that make it easy to access information and get real-time reports. In fact, it’s one of our biggest growth areas within our portfolio of services.

At Friend & Reagan, P.C., we’ve got both the technology and the professional resources to manage your payroll no matter how big or small. Have us handle it all or choose to capitalize on niche aspects of our payroll services. Our efficient, computerized processing and payments are proven to reduce the time (and headaches) spent on payroll administration, as well as on the laborious preparation of tax returns.