Tax preparation- Accountax,CPA offers professional preparation of all federal, state, and local tax returns as well as estate and trust returns.
Tax Planning- Accountax,CPA will monitor your income during the year to eliminate any tax penalties or interest. We will make your business tax liability always intact and precise. You will pay the amount you owe, no overpayment or underpayment that will interrupt your cash flow.
Consulting Services- Accountax.CPA will help you convert your data into easy accessible software of your choosing. we can also recommend and convert your financial data to the best software that helps your business needs. When over the years mistakes are holding you back and you cannot produce financial statements, our firm will assist you in sorting things out and put you back on track. We help with so many aspects of financial services such as: business evaluation, partnership disputes, etc.
Bookkeeping/Write-up- Even if your business is small make sure you hire a bookkeeper. Most new businesses fail to do this because they are trying to save money, but the fact of the matter is you can hire a bookkeeper for a reasonable depending on where you do business. Your time can be better spent on other aspects of your business that are your specialty and others can't do. Make sure you are leveraging your time properly. There are thousands of bookkeepers out there but only one you! These types of services will usually save you a lot of money in the long run.
If you are a small business and looking for bookkeeping procedures to determine your profitability and tax liability, Accountax,CPA will help guide you through the maze. We provide general ledger and subsidiary ledger maintenance, bank reconciliation, receivable and payable tracking and financial analysis.
Payroll Services- Accountax, CPA will provide paychecks to your employees and file your federal, state, and payroll tax returns. We calculate your tax deposit and reconcile your payroll liabilities and expenses. we will provide payroll services for companies up to 500 employees.
Small Business Accounting- When starting a new business one of the most daunting tasks the entrepreneur will face is that of accounting. Many small business owners neglect this important area of business, particularly during start up. Making this mistake can be fatal and many companies fail because lack of knowledge of the business' finances. Keeping good records and having good accounting practices from day one is paramount. There are many simple, yet effective techniques that can help the small business owner get their finances on track.
New Business Formation- The first, and most important thing you can do is set your business up as a legal entity and separate yourself from the business. This means setting up some type of corporation, or LLC. this simple step is overlooked by too many entrepreneurs. Keeping your personal and business finances and taxes separate is the main reason for this, but there are other benefits as well. Which of the different entities is right for you will depend on many factors of your business, and you should consult with Accountax, CPA to help you through the process.
Cash Flow Management- Any business regardless of size has different requirements and business strategies for the management of its businesses. whether it is small, medium, or a large scale business, its sole purpose is to make more profits and less losses. And to add to that handling accounts, transactions and other financial details is not and easy task but with Accountax, CPA these can be achievable. Most accountants see their role a being the provider of financial statements, cash-flow projections and tax returns. we think differently and use the approach of not just giving you the tools, but we show you how to use them. We love talking to you about your business. We love to get an understanding of your you and your business and help you make more money. Most small business owners know what there problems are and know the way to solve them. It's just they need a little help to implement the changes necessary. Quite often their business only needs a fine-tuning and at Accountax, CPA we will give you the help you need.
Strategic Business Planning- Starting a small business isn't for the faint of heart. think of it as a huge jigsaw puzzle that each piece needs to be put perfectly in place in order to have a successful start-up. What happens if there's a few missing pieces? If those missing pieces fall into your business's accounting, your start-up will be shaky. Questions to ask yourself: 1) What is your business structure? 2) Filing deadlines are different for small businesses than for individuals. We all know the April 15th deadline for personal tax returns, but corporate and business returns are due in March. This mistake could cost you extra fees and penalties for filing late. The IRS doesn't think ignorance is an excuse! 3) You'll need an EIN (employer identification number) to file your taxes and to be recognized by the state. How do you get one?
4) What about business insurance? Whatever risks are associated with your business, you need to the proper small business insurance to protect you AND your business 5) What accounting software and system should you use? Even if you plan on having an accountant, you still need to have a basic understanding of your business's finances. Again you can talk to us to help you choose correctly. 6) Are you hiring an accountant and/or bookkeeper? If so, there's no reason to wait. We will be able to assist you in all accounting aspects of starting your business. The above list is not meant to be an all-inclusive list, but rather a starting of the necessities you shouldn't forget to take care of. Your business will go much smoother, and be more successful, if you've dealt with the above accounting issues and strategic planning. If your starting a business Accountax, CPA can help you find the right solutions.
Internal controls- a leading cause of small business failure today is caused by financial mismanagement, or failing to properly manage the accounting. Small business owners are usually over their heads in work, and simply don't have the time or patience to deal with accounting matters. This can lead to serious small business problems. Accountax, CPA will help you with: improving your poor cash flow, make sure you file income tax quarterlies. We will produce for you a well planned budget and construct accurate records for a Profit & Loss statement.
Non-Profit Organizations- Accountax, CPA will help you get a non-profit status and complete all the documentation necessary to earn 501(c) status with the Internal Revenue Service. We can also advice you on the tax consequences and file your federal and state tax return. Accountax, CPA can help you set-up an internal control system that will ensure easy audit and compliance policies.
Accountax, CPA
2255 S. Broadway St. Suite 7, Santa Maria, CA 93454
(805) 928-4829
FAX (805) 928-4820
