Tax Tips

While Breakaway does not prepare or file taxes, we know taxes are an important part of our clients’ overall financial picture. Below are resources to help you answer some common tax questions and concerns you may encounter as a bookkeeper or CFO.

We have provided the following information for quick reference, however please keep in mind that Breakaway cannot guarantee its current accuracy, so it’s always best to verify directly with IRS sources.

And of course, make sure you’re following our #taxtips Slack channel!

Preparing Your Clients for EOY: The Tax Perspective

Kristen Keats, founder of Breakaway and owner of Sherwood Tax and Accounting, discusses what bookkeepers should know when preparing their clients’ books for tax preparation time. She offers practical accounting resources and tips for working with your client’s tax preparer.

1099s - 2025 Check In

Our yearly check-in with tips for preparing 1099s and W9s for your clients.

Miscellaneous Resources

Oregon Corporate Activity Tax (CAT) Worksheet

Click here for a calculator template developed by Kristen Keats of Sherwood Tax.

**Please note that the information provided is for general guidance only and should not be considered as professional tax advice. It's advisable to consult with a qualified tax professional for your specific situation.**