Specialties & Services

Small Business Assistance

We will instruct you on the best entity (sole proprietorship, partnership, LLC or corporation) for your circumstances. Each has its own positives and negatives, making the decision complicated.

We will assist you with the purchase or sale of your business. Implicit in this process is the valuation of the entity in question. We have performed informal business valuations and can provide guidance in the most favorable allocation of purchase/selling price to the assets being bought and sold.

We will help you with your bookkeeping problems in the way you want to be helped. We are members of the QuickBooks Professional Advisors program sponsored by Intuit (the makers of QuickBooks ) and keep current with each version of the program as it is produced. Thus, we can assist you in maintaining your records in QuickBooks once you have been trained, or we will do your bookkeeping for you, if that is your desire.

We will meet with you on a quarterly basis (or some other interval of your choice) to discuss matters of importance to you. We will help you budget, advise you of revenue enhancement and cost reduction strategies, suggest tax saving ideas and help you set up the appropriate retirement plan.

We will prepare your business license application/renewals, your sales tax reports, your Secretary of State Statement of Information, your required Forms 1099 and any other reports required of you by governmental authorities.

Business Management

We will pay your business (and personal) bills and perform all of the “necessaries” required by government authorities; such as payroll and tax reporting. We will ensure you miss no deadlines while keeping you apprised of your financial situation.

Payroll Services

We will assist you with payroll. You can do it yourself and engage us to do the reporting, or we can be more involved if you wish. We offer electronic payments to employees, electronic deposit of payroll taxes from business accounts and quarterly/annual filings of payroll tax reports. Owners find it very convenient for us to be involved in this process because we can calculate and pay their tax obligations as the year unfolds. The primary goal here is to avoid the very substantial penalties that can result from faulty payroll tax depositing and reporting.

Tax Planning, Preparation and Representation

We will keep you informed of changes in the tax laws via newsletters and notices. We will automatically do whatever is necessary to keep you from incurring late filing penalties and we always search out the least taxing way to comply with our very complex tax laws. We do our best to encourage planning meetings by offering a discounted session after the end of tax season.

We prepare tax returns for residents of many states beside California. Some are California non residents with a California filing requirement, but others have moved out and continued to engage us. We therefore, know the rules for many other states, and the differences that can occur in tax treatment between California, the federal government and other states.

Our knowledge of international taxation can be especially helpful to immigrants and non residents, or for those thinking of working abroad and wanting to take advantage of the foreign earned income credit.

In the event of an audit, we represent you before governmental authorities. However, our tax preparation methodology attempts to avoid this outcome by questioning apparent anomalies on the face of the return. Our goal is to be prepared, in advance, for any eventuality.

Financial Reporting

We will prepare your compiled financial statements. These might be required by outside parties, such as banks, lessors and insurers. The statements are normally prepared on the accrual basis of accounting, which gives the most accurate depiction of how your business is doing.

Retirement Planning

We can assess your estate planning needs and refer you to attorneys who will draft documents appropriate to your situation. We push retirement planning very hard. Everyone must provide for his or her own retirement and we will give you the information you need to decide what vehicle to use, e.g., Traditional or Roth IRA, SEP IRA, SIMPLE IRA, etc. We believe in getting rich slowly and assist others in doing the same. We can also assist you with budgeting, savings and debt management.