Tax Relief Blog
One of the most important aspects of a company to the small business owner or operator is the financial, accounting side. It is very important to know the financial condition of your business. For most businesses, this falls on the Accounting department. For smaller businesses, where there is not an option, a CPA or EA firm may be a better choice.
A CPA or Certified Public Accountant, or EA Enrolled Agent is a specially trained professional who knows all of the necessary rules and regulations regarding business finances. This includes the very important topic of taxes (preparation, planning and representation). This article is designed to discuss the benefits of hiring and working with a Los Angeles CPA and or an EA. Below will be some frequently asked questions that cover the benefits of using an EA or a CPA for your small business finances.
Get a free evaluation by calling us at 1-877-78-TAXES [1-877-788-2937].
We serve different industries, such as non-profit, tax exempt organizations, health & wellness, medical doctors, dentists, pharmacies and medical equipment rentals, we also help professionals, such as lawyers, attorneys, insurance agents, real estate agents, mortgage brokers, we also help contractors, HVAC, plumbers, painters, electricians, truckers, trucking, delivery and other construction businesses, we also help restaurant owners, franchises, franchisors and specialty stores.
Question #1: What do CPA’s offer to me as a small – medium size business owner?
Answer: A CPA is a highly trained professional that is capable of keeping track of all the financial information about your specific business, profit and loss, balance sheet statements. Los Angeles CPAs go through years of schooling and pass a certification process that is established by the state of California. That can ensure that all of the necessary documents are filled out, proper documents are submitted to all of the local, state, and federal agencies on your behalf. They are constantly updating their skills and understanding of all the rules, regulations, and laws governing your business, including taxes.
Question #2 Do they offer customizable services or one size fits all?
Answer: When it comes to finances not everyone’s situation is the same and your circumstances will likely be much different from other people of businesses. So, the CPA or EA you choose must offer services that are designed and tailored to the needs of your small business accounting. This will ensure that all of your needs are addressed properly and that you will not have to worry about it. Our firm helps with accurate bookkeeping in most industries, like real estate, construction, insurance, automotive, healthcare / medical, franchises, restaurants and bars, manufacturing, retail / wholesale, distribution, import / export, lawyers, non-profits, IT / technology / software, startups, farming, churches, freelancers and many more.
Question #3 Can I save money by hiring an EA or CPA?
Answer: The CPA industry is very competitive and it is important to check around when it comes to the cost of hiring the right EA or CPA. One of the big things you need to consider is, do you have the time yourself to take care of yourself, family or those of your business. If you don’t have the time or know-how to do it yourself and you are in the Los Angeles area, you will be able to find a great Los Angeles CPA or EA to handle your individual and small business accounting needs.
Question #4 Can I count on a CPA to be there when I need them?
Answer: When you hire a CPA you can count on them to deliver the best service that they can offer. They are professionals that are highly trained and continuously update their knowledge regularly. Their small business accounting relies on their ability to keep every client happy.
Question #5: Does the Los Angeles CPA or CPA firm have a proven track record?
Answer: When it comes to selecting an EA or CPA accounting firm for you or your small business it is very important to do your due diligence. Since you are putting your reliance on their ability to handle all of the financial details, you really need to be sure that they have a strong reputation. Chances are very good if they have a long history of delivering on all of the promised work to current or previous clients, it stands to reason that they would give you the same representation.
Get a free evaluation by calling us at 1-877-78-TAXES [1-877-788-2937].
We serve different industries, such as non-profit, tax exempt organizations, health & wellness, medical doctors, dentists, pharmacies and medical equipment rentals, we also help professionals, such as lawyers, attorneys, insurance agents, real estate agents, mortgage brokers, we also help contractors, HVAC, plumbers, painters, electricians, truckers, trucking, delivery and other construction businesses, we also help restaurant owners, franchises, franchisors and specialty stores.
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Interesting statistics about LA county:
| Land Area | 4,084 Square Miles |
| Unincorporated Area | 2,638 Square Miles |
| Flat Land | 1,741 Square Miles |
| Mountains | 1,875 Square Miles |
| Hilly Land | 246 Square Miles |
| Islands | 129 Square Miles |
| Mountain Valleys | 59 Square Miles |
| Marsh Land | 28 Square Miles |
| Coast, Mainland | 75 Miles |
How many Angelinos?
| Total in Los Angeles County | 11,421,080 |
| Largest City (Los Angeles) | 4,998,764 |
| Smallest City (Vernon) | 98 |
| Living within cities (88 cities) | 9,845,804 |
| Living in unincorporated areas | 1,795,276 |
Los Angeles metro area business employment (number in thousands)
Total nonfarm 5,994.3 344.8 6.1 Mining and logging 1.9 0.0 0.0 Construction 252.5 6.4 2.6 Manufacturing 461.5 6.8 1.5 Trade, transportation, and utilities 1,103.2 36.9 3.5 Information 216.4 15.0 7.4 Financial activities 322.2 -1.7 -0.5 Professional and business services 956.9 60.9 6.8 Education and health services 1,092.7 40.0 3.8 Leisure and hospitality 670.5 132.2 24.6 Other services 180.1 18.8 11.7 Government 736.4 29.5 4.2 Source: U.S. BLS, Current Employment Statistics.
• CA Firms with fewer than 100 employees have the largest share of small business employment. Figure 1 provides
further details on firms with employees. (Source: SUSB)
• CA Private-sector employment increased 1.7% during the 12-month period ending in February 2019. This was above the increase of 1.5% during the prior 12-month period. (Source: CPS)
• The number of CA proprietors increased in 2017 by 2.0% relative to the previous year. (Source: BEA)
• CA Small businesses created 249,508 net jobs in 2016. Firms employing fewer than 20 employees experienced the largest gains, adding 176,744 net jobs. The smallest gains were in firms employing 20 to 99 employees, which added 25,931 net jobs. (Source: SUSB)
