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Accounting and Bookkeeping Services in Salem, Oregon
Small business owners in Salem can focus on growth while 1-800Accountant manages their bookkeeping and tax compliance, providing expert financial guidance tailored to Oregon's unique business requirements.
Our Accounting Services for Salem Small Businesses
Business Tax Preparation: Have your taxes prepared and filed by a CPA with expertise in your industry so you're always confident in your business tax situation. Our CPAs, with more than 17 years of experience on average, can save you thousands annually when you delegate complex Salem tax preparation to them!
Bookkeeping: Solidify your financial base and manage cash flow with precise, error-free bookkeeping done for you that saves time and provides crucial insights that empower you to make important data-backed business decisions. This meticulous process delivers essential tools for interpreting data with easy-to-understand reporting, enabling your accountant to develop vital financial modeling.
Tax Advisory: Business tax considerations don't end in April. Through our affordable tax advisory service, you can receive the guidance you need when you need it year-round from a dedicated small business tax advisor. Strategic planning helps minimize your business tax liability in Oregon throughout the year while ensuring compliance.
Payroll: Save hours each pay period with comprehensive payroll services handled for you, with regular tax submissions to the city of Salem, ensuring accuracy and freeing you to focus on other vital aspects of your business.
Business Formation: Enjoy the advantages of officially establishing your business in Oregon with our complimentary incorporation services. Simply cover any Salem fees, and we will manage the rest. This puts you on a path to hiring employees and creating a business bank account as you experience the benefits of an optimized business structure and maximum tax savings.
| Level | Rate |
|---|---|
| State Tax Rate | None |
| County Tax Rate | None |
| Municipal Tax Rate | None |
| Combined Sales Tax Rate | None |
| City-Specific Taxes |
|---|
| Oregon has a Corporate Activity Tax (CAT) of 0.57 percent on annual commercial activity over $1 million, with an annual return and payment due April 30 and quarterly estimated payments due April 30, July 31, and October 31. |
| Licenses and Permits |
|---|
| Salem, Oregon does not have a general business license requirement. Only the following businesses require city-specific licensing: dealers in used merchandise, night clubs, special events. |
| Business licenses in Salem cannot be transferred to other parties. |
| Oregon doesn't have a general state business license, but many occupations require special state licenses or certifications. |
| Grants and Funding in Salem | Grants and Funding Information |
|---|---|
| Fairview URA Grant Program | This matching grant program is specifically for businesses in the Fairview Urban Renewal Area. Eligible businesses can receive a 20% matching grant toward their project costs, with funding available up to $300,000. The program helps finance building improvements, new construction, or equipment purchases. |
| Riverfront Downtown Capital Improvement Grant Program | Targeting businesses in the Riverfront Downtown area that need assistance with construction or renovation projects. Companies can receive up to 50% of their eligible project costs covered, with a maximum grant amount of $300,000. |
| Riverfront Downtown Urban Renewal Area Strategic Project Grant Program | This program provides grants to businesses in Salem's Riverfront Downtown area specifically to improve building safety and security to address homelessness concerns. Companies can receive up to $30,000 for security enhancements including security fencing/gates, exterior building lighting, security systems, and other improvements. |
| Thriving Entrepreneurs Grant Program | For 2025, the Oregon Community Foundation anticipates awarding $800,000 through this program. The foundation aims to fund a mix of proposals in communities across Oregon, with focus on serving diverse populations and communities. |
What to Look for in Salem, Oregon Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Salem small business, you should consider the following factors:
Certifications and State Compliance: Verify that your financial professional holds appropriate credentials, such as CPA certification. They should demonstrate thorough knowledge of Oregon's tax regulations, including the Corporate Activity Tax (CAT) that affects businesses with Oregon commercial activity exceeding $1 million, and stay current with Salem's local business licensing requirements.
Experience and Specialization: Look for professionals with experience in your specific industry. Salem's diverse business landscape includes agricultural businesses in the Willamette Valley, government contractors serving state agencies, and growing healthcare providers. A financial professional familiar with your sector will better navigate industry-specific accounting challenges and tax opportunities.
Understanding of Local Economic Conditions: Choose someone who understands Salem's unique economic environment as Oregon's capital city. They should recognize how the presence of state government agencies creates business opportunities and affects local commerce. Knowledge of Salem's agricultural connections, particularly vineyards and food processing, can help businesses maximize financial advantages in these sectors.
Knowledge of State Tax Incentives: Oregon offers several business incentives that Salem businesses can utilize, including the Strategic Investment Program for large capital investments and enterprise zone benefits in designated areas. A skilled financial professional can help you navigate Oregon's lack of sales tax while managing other tax obligations, potentially saving your business significant money through proper planning.
Talk to a business tax expert today for all your tax needs in Salem.
Additional Oregon Accounting Resources:
Oregon Small Business Tax Guide: Laws, Tips & Strategy
Virtual Bookkeeping: How To Find the Best Online Bookkeeper
10 Common Small Business Tax Questions Owners Are Asking
*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.