5 FAQ When Choosing a Los Angeles CPA or EA – Small Business Accounting

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].

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].

Tax Planning

Tax Representation

Tax Preparation

Small Business Accounting & Bookkeeping

Audits & Appeals

Employment 941 payroll controversy help

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.

By 1923, Los Angeles produced one quarter of the world’s oil. LA still sits atop the third largest oil field in the country!
What? Beverly Hills started out as a modest lima bean ranch.
If Los Angeles County were a nation, its economy would be the 19th largest in the world. It is home to more than 244,000 businesses, with more minority- and women-owned small businesses than any other in the nation. It is the nation’s top international trade center and manufacturing center. Los Angeles County’s 37 departments and $32.5 billion budget provide extensive small business opportunities to the private sector, both in contracts for goods and services.
LA is home to the largest boulder ever transported, a 340-ton chunk of granite that hit the road in 2012. It took 11 days to move it just 85 miles to its home at the Los Angeles County Museum of Art.
  California small businesses employed 7.1 million people, or 48.8% of the private workforce, in 2016. (Source: SUSB)
• 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)
badge
badge
badge
badge
badge
badge
Contact Information