Small business owners often find themselves juggling multiple responsibilities, from managing employees to overseeing operations to marketing and sales. Amidst all these demands, managing finances can easily become overwhelming, especially for those who lack a strong financial background. That’s where an accountant (EA or CPA) can help.
Articles Posted in Bookkeeping & Accounting
Trucking Tax & Accounting by Mike Habib, EA Los Angeles, CA
As a trucker, filing taxes can be a daunting task. The paperwork, deadlines, and complex tax laws can leave you feeling overwhelmed and uncertain about your tax obligations. However, failing to file your taxes can have severe consequences, including back taxes, penalties, and even legal action. If you are struggling with back taxes, it is essential to seek professional help to avoid further financial hardship.
Back taxes refer to taxes that were not paid in previous years or taxes that were underpaid. In the case of truckers, back taxes can occur due to a variety of reasons, including incorrect reporting of income, failure to file taxes, or errors in tax calculation. The IRS can impose penalties and interest on back taxes, which can add up quickly and result in a significant financial burden.
Get help today, contact our Whittier, Los Angeles, CA firm at 1-877-788-2937.
Income Tax Preparation Service: Get your taxes done right
When it comes to tax season, many people are faced with the decision of whether to prepare their own taxes or use an income tax preparation service. While it may seem like an added expense, there are many benefits to using a professional tax preparation service that make it well worth the cost.
One of the biggest advantages of using a tax preparation service is the level of expertise they bring to the table. Tax laws are constantly changing, and tax preparers are required to complete continuing education courses to keep up with the latest changes. They can help ensure that you are taking advantage of all the tax credits and deductions available to you, and can also help you avoid any costly mistakes that could result in an audit or fines.
Call Mike Habib, EA today at 562-204-6700 for tax & accounting service.
Serving Los Angeles, Whittier, Santa Ana, Irvine, Long Beach, Anaheim, Downey, Norwalk, Montebello, Pico Rivera, Santa Fe Springs, El Monte, Baldwin Park, Cerritos, La Mirada, La Habra, Hacienda Heights, La Puente, Montebello, Artesia, Bell Gardens, Commerce, Pasadena, SGV, SFV.
Los Angeles tax, accounting service
How to fix my messy back-years accounting for my Los Angeles, CA business?
If you have messy books for many back years of accounting, it can be overwhelming to try to organize and clean them up. Here are some steps you can take to tackle the task:
Take an inventory: First, make a list of all the records you have, including bank/credit card statements, invoices, receipts, and other documents. This will help you to get a sense of the scope of the project and to identify any missing records.
Set goals: Determine what you hope to accomplish by cleaning up your books. For example, you may want to catch up on your tax filings, prepare for an audit, or simply get a better understanding of your financial situation. Having specific goals in mind will help to keep you motivated and focused.
Create a plan: Develop a plan for organizing and cleaning up your books. This might involve setting aside a certain amount of time each week to work on the project, or breaking the task down into smaller, more manageable chunks.
Gather tools and resources: Make sure you have the tools and resources you need to get the job done. This might include accounting software, a financial calculator, and reference materials such as tax guides or accounting textbooks.
Seek help: If the task is too overwhelming to tackle on your own, consider seeking the help of a professional, such as a local SoCal EA enrolled agent or CPA. They can provide guidance and expertise to help you get your books in order.
By following these steps and working steadily and consistently, you should be able to make progress in cleaning up your books and getting your financial affairs in order.
Our Los Angeles based tax firm, led by Mike Habib, Enrolled Agent, represents and helps business taxpayers get compliant with back years, contact us today at 1-877-78-TAXES [1-877-788-2937].
Los Angeles Business Bookkeeping Services – Choosing the right firm
Bookkeeping is a very important part of any business and unless you have a dedicated department to handle yours, you should consider hiring an outside tax/accounting firm. Keeping track of how much money is coming in and going out is paramount and when it comes to hiring a firm you need to find the right one.
Hopefully, by the time you get to the end of this article, we provided you with enough reasons to choose to go with a tax/accounting firm that offers the best Business Bookkeeping Services. As part of our research for this article we discovered many benefits of using a bookkeeping service and we included our top five reasons.
Get a free evaluation by calling us at 1-877-78-TAXES [1-877-788-2937].
Our firm is based in Whittier, Los Angeles, California and we serve clients in various industries, such as 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, truckers, trucking, delivery and many more.
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].
Tax Credits You May Claim Now
If you’re like most, then taxes are probably not your favorite thing in the world. But at the end of the year it’s always good to make sure that you don’t miss out on any deductions or credits – because let’s face it, money is tight and every dollar counts.
In this article we will go over 10 different tax credits that you may be able to claim in order to reduce your taxable income, and therefore the amount of taxes you owe. These include credits for charitable giving, education expenses, child care, retirement savings accounts and more and even better these are eligible for individuals and small business.
My name is Mike Habib and I’m here to tell you about tax credits for this year that can help save you some money. Whether you’re a freelancer, an employee with overtime hours, or just someone who wants to report losses from investments- there are plenty of ways for Americans to take advantage of what they deserve. So if you have questions about whether one credit applies to your situation we’ll cover it all in this article.
Tax & Accounting Service – Preparation, Planning, Representation
Tax Help? IRS – FTB – CDTFA – EDD tax help.
We provide specialized tax & accounting service for individuals and or businesses facing IRS or State tax problems such as:
– Back Taxes
– Tax Levy – we release wage and bank levies
– Tax Audits
– Tax Appeal
– Unfiled Tax Returns – 1040, 1120, 1065
– Negotiated Tax Settlements
– Tax Liens
– Offer in Compromises
– Tax Planning & Tax Preparation
– Employment 941/940 Payroll Tax Problems/Disputes
Call us toll free 1-877-78-TAXES [1-877-788-2937]
Or visit us online at www.myirstaxrelief.com
Fee starts from $300 for basic tax preparation
Do not compromise on your tax service provider, call us for a free and confidential 15 minute consultation at 1-877-78-TAXES [1877-788-2937].
Whittier, Los Angeles, Pico Rivera, Norwalk, La Habra, Brea, Fullerton, Buena Park, Hacienda Heights, Rowland Heights, El Monte, Rosemead, Baldwin Park, Irvine, Santa Ana, Newport Beach, Santa Monica, Malibu, Beverly Hills, SGV, SFV, LA County, OC County, EA enrolled agent, CPA, Tax Lawyer
Whittier Emergency 911 Urgent accounting help
This article is for business owners who need emergency bookkeeping, accounting services to catch up on back years and unprepared books. Many Whittier, Los Angeles, Orange County, and other businesses find themselves at a critical time financially due to Covid-19. The only true way to survive is to realize that you need professional CPA, EA help, finding the right help is the key. When it comes to your business finances no one knows better than an accountant what you are going through. This is why your first call should be to an accounting professional before you talk to your banker. We are uniquely qualified to offer 911 emergency Urgent accounting and bookkeeping help.
Get a free evaluation or second opinion by calling us at 1-877-788-2937.
How to Keep My New Corporation Out of Trouble?
Running a corporation is not easy. There are many challenges that you will face, some of which you may not even expect until they happen. And while no one is perfect, you can minimize potential problems if you do the basics. This means surrounding yourself with the best personnel, including the right Los Angeles CPA or EA tax firm that can do so much for your needs.
What follows are some basic principles that will help keep your corporation out of trouble. While even the best practices cannot guarantee that your corporation will not face an emergency or unexpected situation, you can minimize the issues that it faces when you focus on the basics such as the following.
Know Your Current Financial Status – How to Keep My New Corporation Out of Trouble?
Having up to date financial records of all income transactions and expenses is a must for making good business decisions. Knowing where you stand financially provides a clear picture of how your corporation is fairing in the world. This means that you can make solid decisions based on facts and not assumptions.
Too many corporations have suffered because of making business decisions not based on their actual financial status.