Simpson & Co

Specializing in not-for-profit and small business accounting, tax preparation and tax planning since 1979.

Accountant in Portland, OR (show on map)

Portland-based CPA firm serving not-for-profits and small businesses with accounting, tax, audit, and consulting services since 1979.

Call (503) 222-3673

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About

Simpson & Company PC, established in 1979 and based in Portland, Oregon, is a smaller firm that delivers quick, personal responses while retaining the professional quality of a large firm. The firm specializes in not-for-profit and small business accounting, tax preparation and tax planning, audit & attest, and consulting services.

Clients work with the same CPAs each year, achieving closeness to their financial situations. The firm participates in the AICPA Quality Review Program, maintains an updated library for accounting pronouncements and current tax legislation, and exceeds annual continuing professional education requirements with an emphasis on not-for-profit and governmental accounting courses. The firm's partners and staff are active in not-for-profit organizations and charitable foundations.

Personal, quick response as a smaller firm while retaining large-firm professional quality

Clients work with the same CPAs each year for continuity

Participation in the AICPA Quality Review Program

Staff exceeds annual continuing professional education requirements with emphasis on not-for-profit and governmental accounting

Partners actively volunteer on not-for-profit boards and committees

Services

Income Tax Preparation & Planning

Extensive experience in tax preparation for individuals, small businesses, partnerships, corporations, tax-exempt organizations, pension plans, and estates and trusts. Planning services include review and implementation of current tax legislation, small business management and organizational structure, transaction planning, estate planning, college planning, and IRS audit assistance.

Tax preparation for individuals and businesses Tax planning to limit liability IRS audit assistance Estate and college planning

Audit & Attest Services

Conducts audits, reviews, and compilations, the majority of which are not-for-profit in nature. Professional staff is available year-round for financial consultation. Attestation services are required for legal compliance and proof of income.

Audits, reviews, and compilations Year-round financial consultation Attestation for legal compliance and proof of income

Consulting

Tailored consulting services for unique client situations. Service areas include business organization and planning, financial structuring, and estate planning.

Business organization and planning Financial structuring Estate planning

Credentials & Certifications

AICPA Quality Review Program participant

Certified Municipal Auditor (Lisa Joerin, Melissa Andal)

CPA licenses (all professional staff)

Frequently Asked Questions

Does the IRS ever send emails to taxpayers? +

No. The IRS never sends out emails to taxpayers. If you receive an email that appears to be from the IRS regarding your tax returns, consider it to be fraudulent.

Can I deduct casualty losses from a federally-designated disaster area? +

Yes, subject to limits. Only the excess above 10% of adjusted gross income (AGI) is deductible after subtracting $100 per casualty. Business losses may also be deductible without regard to these limits.

What are the requirements to claim the R&D tax credit? +

The expense must qualify as a research and experimentation expenditure under Section 174; it must relate to research for discovering technological information intended to develop a new or improved business component; and substantially all activities must constitute elements of a process of experimentation relating to a new or improved function, performance, reliability, or quality.

Can a qualified small business use the R&D credit against payroll taxes? +

Yes, a qualified small business can make a credit election against up to $500,000 of payroll taxes if it had less than $5 million in gross receipts over the last five years and zero gross receipts before the five-year period.

At what age can I begin collecting Social Security retirement benefits? +

You can begin collecting benefits at age 62, but at a reduced amount from what you would receive at full retirement age (FRA). FRA varies according to your date of birth. For example, it is 67 years old for someone turning age 62 in 2023. You can receive a bigger benefit if you postpone your application until age 70.

What key questions should I ask before retiring? +

Key questions include: Can I afford to retire? Do I have any debt? What is my investment allocation? When should I apply for Social Security? What will I do in retirement? Should I meet with my financial and tax advisors?

How can I protect my financial and tax information from disasters? +

Keep key documents in a waterproof container in a safe space and store copies elsewhere. Create a record of valuables with photos or videos. Reconstruct records after a disaster. Employers should check fiduciary bonds. Take advantage of IRS postponements after major disasters.

What tax benefits are available for charitable donations in 2026? +

Tax-saving opportunities exist for charitable donations in 2026, including strategies for those who normally take the standard deduction instead of itemizing. Consult with a professional tax advisor for your personal situation.