Attempting to do your taxes on your own can cost you money. Forget one possible deduction or write-off, and you’ll pay the price. But with our tax preparation services, you can rest easy knowing that you’ll get the largest refund possible.
Unless your financial affairs are extremely simple, it’s likely that you’ll benefit from the help of a tax professional. It’s too easy to overlook deductions and credits, of which you’re entitled, if you prepare only one return a year. Even the use of computer software is no substitute for the assistance of a seasoned tax preparer. McCoy Foat prepares hundreds of tax returns annually. We know what to look for and how to identify money-saving opportunities. More importantly, you’ll have a seasoned tax professional who will answer your questions and provide practical financial tax advice throughout the year.
Tax deadlines don’t have to be a source of stress. Simply send us your information. Then we’ll prepare your taxes and e-file for you. You’ll never dread another Tax Day again.
You have too much on your mind to deal with lengthy tax codes. That’s why you need the expertise of our CPAs.
A certain mystique surrounds tax-planning strategies. Our goal is to dispel the mystery, while making sure that you pay no more than the law requires. We focus on several tax-cutting measures, including:
We continuously monitor tax law changes and recommend sensible adjustments, using a combination of tax-saving strategies tailored to your personal situation.
We specialize in tax planning and preparation for sole proprietorships, partnerships, limited liability companies, and S and C corporations for businesses throughout Oregon. We understand how overwhelming taxes can be and we work hard to make it easier for you. With McCoy Foat as your partner, you’ll benefit from technical expertise, accuracy, leading-edge technology and excellent customer service. Through our comprehensive tax planning process, we help clients understand and control their tax-related expenses.
If you’d prefer to focus on living, we’re happy to focus on your finances! Yes – we handle the usual stuff, like your annual tax return. But, unlike many CPA firms, we don’t stop there. We’ll also help you manage your big-picture financial goals and all the steps for achieving them. You can consider McCoy Foat your convenient, one-stop partner. We look forward to the opportunity to helping your life run smoothly. Click the links below to learn more about our services.
Failing to plan for your estate can mean the government, rather than your heirs, will take a big cut of your hard-earned money. With a little planning, you can save thousands of dollars. We encourage you to keep track of how much your estate is worth. To figure it out, add up the value of all your assets, including life insurance. If the total value exceeds the exemption amount, it’s time to consider a few simple planning techniques that can save your family at estate time. In addition, we’ll help you understand how some effective estate planning ideas can also cut your current income tax bill.
Looking forward to retirement? We’ll help you achieve your dreams with smart, easy-to-implement financial strategies.
While taxes should not drive your investment strategy, understanding how taxes affect your earnings helps you minimize taxes and maximize your return.
We’ll review ideas with you and your investment advisor and make recommendations, like those referenced above, to maximize your after-tax return.
A succession plan allows your business to continue if you leave the business for any reason: your retirement, disability, death, or just your decision to move on. Failure to plan for an orderly transition can result in financial losses or even the loss of your business. McCoy Foat will design a comprehensive succession plan to protect you, your family, your employees, your co-owners, and your customers.
If your business is in “the red” and you’d like it to be in “the black,” our turnaround strategies can take you there. We’ll review your accounting and operational processes to identify the key elements that are undermining your profits. We’ll then help you establish and implement profit-generating strategies.
Is your team as efficient as it could be? Do you need to do more with less? Where there’s a will (and a little help from McCoy Foat), there’s always a way. Our production efficiency experts will review job titles, workflows and capacities to identify streamlining opportunities.
McCoy Foat has earned a stellar reputation as the go-to source for forensic analysis and expert witness testimony. If you have a legal case that involves financial damages, McCoy Foat can help you reconstruct the circumstances to determine if the damages are valid and real, and their accurate value. We can also help uncover hidden assets in divorce and bankruptcy cases. Our sharp eyes, meticulous accounting practices and articulate opinions are often the added evidence needed to elicit prompt, reasonable settlements or favorable judgments. Ask us about our remarkable track record!
Do you need capital to grow? Do you know the ins and outs of lending as they pertain to your industry? We can help you navigate your next move with sound advice about your capital structure and equity to debt ratio. We can also walk you through the steps to secure the most advantageous loans for your industry and circumstances.
Do you know what your business is worth? If you’re like many business owners, the answer is most likely “no.” There are many instances when it’s important to determine the value of your company. If you’re considering selling your business or a product line, it’s important to know the value to prevent selling it for less than its worth. Business valuations are also a key component in estate or succession planning. Without knowing the fair market value of your business, there isn’t a way to ensure enough liquidity to pay taxes. At McCoy Foat, our Certified Valuation Analysts are qualified to appraise closely-held businesses, providing valuable information for your company’s transition
If you need comprehensive financial statements, we can help. We can also help you analyze your income and loss for any given period, and uncover hidden opportunities. Our simple, foolproof approach will help you strategically plan for the future, avoid costly penalties and meet banking and loan requirements.
What’s your five-year plan? Failing to plan is a sure way to fail. We’ll help you hit your business goals on the mark with a practical, achievable plan. Whether you’d like to grow, expand or transition your business, we’ll outline the steps to get you there. And, as you plan for the future, we’ll help you evaluate your options for retirement – Will you walk away from your business, sell it or pass it along to the next generation? Many business owners don’t realize that they should be taking steps to add value to their businesses today, so they’re valuable and salable later on. We’ll help you through the integral part of retirement planning.
Nothing is more important to the financial health of your business than accurate financial information. Whether your accounting system requires a complete overhaul or just minor adjustments, we’re ready to help take your business to the next level. Our team of seasoned accounting professionals utilizes sound accounting techniques and best practices. We’ll make sure that you have the information you need to make informed decisions.
We’re ready and willing to assist with any or all of your financial needs, including:
Cloud-Base Accounting Services
Do you want access to your accounting information anywhere, anytime? You don’t have your head in the clouds – but it is time you got your accounting services there.
Cloud-based accounting services give you the convenience you need to balance your financial issues with managing the rest of your life. At work, home, the gym or grocery store – any place at all – if you have access to the Internet, you have access to your accounting information.
Forget about paper that gets lost. Forget about slow hard drives that chain your information to one computer. Our cloud-based system has everything you need, all backed with the expertise of licensed CPAs.
Best of all, we make it very easy for you to get up and running with:
If you don’t already have an accounting system in place, QuickBooks accounting software is user-friendly and economical. It’s ideal for small businesses with fewer than 50 employees and annual revenues of less than $5 million. McCoy Foat can walk you through the set-up process. Our certified QuickBooks Professional Advisors will train you step-by-step; giving tips, tricks and workarounds that will make you confident in your abilities and the accounting system. If you already have QuickBooks or another accounting system, but you’re frustrated by its functionality, we can help with that too! Our team is known for its ability to customize and streamline processes to meet clients’ unique needs, and we’re happy to train you and your team as needed
You need data, and you need it well-organized and easily accessed. That’s exactly what you get with bookkeeping by certified QuickBooks pros. Paperless workflow, reconciliations, inventory, bill payment, reviews and reports – it’s all available for you, so you can get on with business.
Whatever your needs, we have a plan that’s right for you. Review our bundled service packages below to find the perfect fit.
Initial QuickBooks Set Up
Prior Period Cleanup
Quarterly Controller Review
Custom Chart of Account Creation
Customized Reports of PDF Packages