Frequently Asked Questions
Have questions related to taxes or bookkeeping for your small business? Schedule an appointment, or give us a call
While many tax and bookkeeping questions fall under the “it depends” response, Scappoose Business and Tax Services, inc. is dedicated to helping you find the answers you need for all bookkeeping and Tax needs.
What clients do you serve?
We mostly work with individuals and businesses with revenues between $80,000 to $200,000 a year. Our clients are generally family-focused and local to Scappoose, Oregon.
How long have you been in business?
Scappoose Business and Tax Services has served the community since 1974. The current owner joined the Scappoose team in 1994 and purchased the company from the original owner in 2015.
What qualifies as a “tax write-off” or “business expense?”
As a business owner, many items qualify for deductions on your taxes as a business expense. What can be “written-off,” however, is dependent on several factors. Federal law is also updated each year, which may affect the items you can and cannot write off on your taxes. We are happy to discuss specifics for your particular business expense questions on a call with one of our licensed tax preparation experts.
Do I have to pay taxes every quarter as a business owner?
It is highly recommended that business owners break up their tax preparation and tax payments throughout the course of a year. By simplifying the process and getting it done one quarter at a time, it simplifies the process at tax season and allows you to keep track of any expenses and write-offs you collect.
How do I know if my small business is profitable?
Proper bookkeeping and accounting can help determine whether your business is bringing in a profit or not. Bookkeeping is the process of keeping records of sales and expenses for your business, while accounting analyzes and interprets the numbers. If you are keeping track of your sales and expenses, an accountant can analyze your numbers and determine whether your business is turning a profit or not.