Tax Services – Both Individual and Business
We provide a wide variety of tax services for our clients.
Individual tax services include tax planning, tax preparation and tax representation.
- Tax planning is usually done best during the last half of the year with the final planning being done the last quarter of the year. We emphasize planning so that clients can arrive at the best tax position at the end of the year. We encourage our clients to contact us throughout the year on issues and decisions that will affect the tax return.
- Income Tax preparation. This is done best with ample time to review the results of the tax return prior to sending the the respective tax agency. After you are a client of ours, we provide a client organizer showing last year’s tax numbers for ease of gathering information for the current year.
- Tax representation. When our clients get tax notices, then we can step in quickly to handle the situation. The tax agencies are increasing their rate of audits as well as the manner in which the audits are conducted. We have felt strongly about doing the best job for our clients so late 2008, Bruce became a Certified Tax Resolution Specialist.
For our Business Clients, we provide a more extensive variety of services, since Businesses are touched by a wider variety of tax agencies.
- Income Tax for businesses follows a similar pattern as individual in that tax planning begins half way through the year. Income taxes for businesses are due two and a half months into the new year. That is one month sooner than individuals.
- Payroll Taxes. We can assist in many ways. You can contract with us to do everything; you can do your own payroll and then we can do deposits and the tax returns; or, we can help you select the right service for you. We try to do the best service for what the client needs.
- Sales tax. For businesses, we assist in the preparation and filing of sales tax. The trend is now to do monthly deposits as well as the actual tax returns through e-filing.
- City business licenses. The city of Los Angeles, as well as many other cities in the state require a city license to be filed. There has been a trend to have cities obtain information from the State income tax returns and compare it with City filings. We guide our clients through the preparation and filing of these tax returns as well as representing them should the city audit them.
- Unsecured property tax (Form 571-L). If you are in business you generally will have to file this form. As you add assets to your business when you grow, then these are additions to the form. If you sell or dispose of assets, then are reductions to your tax base. This tax is due August 1st of each year.
