Verity Accountancy, PC

• Milwaukie, Oregon-based accounting firm serving clients in the greater Portland and Pacific Northwest region.
• Specializes in tax preparation and strategy, accounting and assurance services, and business advisory solutions.
• Works with closely held companies from new start-ups to second and third generation operations, as well as individuals and nonprofit organizations.
• Focuses on excellence, integrity and innovation, acting as a trusted advisor and member of each client's team.

Typical clients

• Closely held businesses, including start-ups and multi-generation companies.
• Nonprofit and governmental organizations.
• Individual taxpayers, including owners and executives.

Approach

Verity uses a three-part approach on engagements:

1. Commitment

• Meets with clients to understand goals, opportunities and objectives.
• Defines the engagement scope and objectives.

2. Assessment

• Reviews the business operations and industry, including future risks.
• Uses analytical techniques, benchmarking data and industry trends to assess strengths and weaknesses.

3. Implementation

• Models and tests outcomes, measuring expectations and variances.
• Executes an agreed-upon plan focused on the client's goals.
• Explains findings, evaluates results and offers suggestions.

Contact information

• Location: Milwaukie, OR 97222 (greater Portland area)
• Phone: (503) 281-5213
• Email: info@veritypc.com
• Website: https://veritypc.com

A secure client portal and contact form are available through the website for existing and prospective clients.

Accounting and non-attest services

Verity helps organizations maintain complete and accurate accounting systems so management can make informed decisions, apply for financing and meet tax and reporting requirements. Services include:

• Monthly and annual closing procedures.
• Year-end closing procedures, including preparation of adjusting journal entries and working trial balances.
• Preparation of financial statements and related notes.
• Assistance in developing systems and procedures to ensure accurate data and reliable reporting.
• General bookkeeping and traditional accounting support tailored to each organization.

Specialized engagement services

Within its assurance practice, Verity performs specialized assignments that require specific experience and compliance with stringent regulatory standards, including:

• ERISA employee benefit plan audits
• Full scope and limited scope engagements.

• Governmental and compliance-related engagements
• Yellow Book audits.
• Uniform Guidance audits.
• Program-specific audits.

Assurance services

Assurance services focus on independence and objectivity, culminating in an opinion or conclusion on financial statements or specific subject matter. Verity performs all levels of assurance engagements, including:

• Audited financial statements.
• Reviewed financial statements.
• Compiled financial statements.
• Agreed-upon procedures tailored to specific needs or regulatory requirements.

These services are available whether financial statements are used internally, provided to creditors or required to satisfy regulatory or compliance obligations.

Tax Services at Verity Accountancy, PC

Verity Accountancy, PC provides comprehensive tax services for businesses, individuals and nonprofit organizations.

Who Verity serves for tax work

• Business entities: corporations, partnerships, limited liability companies (LLCs).
• Individuals: owners, executives and other individual taxpayers.
• Trusts and estates.
• Nonprofit organizations, including charities and other exempt entities.

Business and individual tax return preparation

• Federal, state and local income tax preparation.
• Tax returns for corporations, partnerships and LLCs.
• Individual income tax returns.
• Trust and estate tax returns.
• Related filings such as 1099 reporting, auto inclusion and personal property tax.
• IRS, state and local tax audit representation.
• Emphasis on confidential, personal attention and ongoing availability to answer questions.

Tax planning and strategy

Verity encourages clients to meet regularly and well before filing deadlines to plan proactively. Services include:

• Reviewing and evaluating financial performance.
• Identifying and working toward stated tax and financial goals.
• Designing proactive plans to optimize tax structures and minimize tax liabilities.
• Helping clients navigate complex federal, state and local tax regulations.

Nonprofit tax compliance

Nonprofit organizations face specialized reporting requirements. Verity assists with:

• Federal Forms 990, 990-T and 990-PF.
• Oregon Department of Justice Form CT-12.
• U.S. Department of Labor Form LM-2.

Verity stays current with changing tax laws so clients receive current, relevant information while using constructive options to optimize tax outcomes within applicable regulations.

Clients and industries served

• Closely held companies, from new start-ups through second and third generation businesses.
• Successful operations as well as challenged or distressed businesses.
• Industries including retail, service, wholesale, restaurants, manufacturing and nonprofit organizations.

Advisory services are built on a combined platform of accounting, finance and tax expertise, together with an understanding of each client's operations, industry and economic drivers.

Examples of advisory services

• Project consulting on specific business initiatives.
• Business valuations.
• Financing decisions and guidance, including assistance with acquisition or expansion financing.
• Calculation of economic damages and claims due to business interruption or other events.
• Retirement and succession planning, including ownership transitions.
• Business acquisition (buy/sell) assistance.
• Turnaround consulting for distressed businesses.
• Business and strategic planning to help achieve stated goals and objectives.

Advisory approach and perspective

Verity focuses on helping clients transform risk into opportunity and build long-term business value:

• Meets regularly with select clients to review performance and assess their situation.
• Provides objective evaluations and considered suggestions to strengthen operations and minimize risk.
• Maintains a comprehensive view of the business and its health, supporting daily decisions and long-term strategies.

As a comprehensive provider of assurance, tax and advisory solutions, Verity brings an unbiased perspective aimed at building and preserving business value.

Ask anyway — the agent will say plainly that it is not published rather than guess.