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ATPP saved us money and beat the other guys with their personalized service. We’ve tried the national services and ATPP beats them on every front. Thanks ATPP.
I have worked with ADP and Paychex over the years, and my experience with ATPP has certainly been the best by far. Your employees have been a pleasure to work with; my questions or situations have always been resolved to the fullest. I feel confident when there are changes in federal, state, or local laws that affect payroll; you are always on top of everything.
Every payroll service we have tried is the same UNLESS there is a problem to deal with. We were having the same issue with multiple providers until ATPP stepped in and solved it once and for all. They actually have a live person to talk to each time you call and the payroll specialist knows my name. They are truly the best!
In a nutshell, ATPP is our partner in payroll. The staff is professional, courteous and friendly and always there for you no matter the question comes up. We have tried the online payroll providers and the big providers and no one beats ATPP in service.
We have been using ATPP for over 7 years. We have tried ADP, Paychex and on-line services—ATPP is far superior in service and cost. I highly recommend them to all business owners looking to improve the bottom line and get better service. They are the best! Thanks ATPP!
Having ATPP has made my job a lot easier. Your staff has always been willing to go above and beyond to keep us satisfied. Your representatives are professional and friendly and know the payroll business inside and out.
We started using ATPP in 2003. We immediately loved their customer service. I would never speak to a machine like a lot of other payroll companies, we always spoke to a representative. I’ve recommended them to other business owners that I know because they have made payroll for us seamless and stress-free.
As former IRS tax attorneys we wouldn’t trust our own payroll to just anybody. We’ve seen firsthand what payroll issues cause for business owners and so we turn to ATPP to make sure it’s done right for us and our clients.
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It’s that time of year again, tax season. Small business owners across Los Angeles are frantically updating their QuickBooks – or other bookkeeping software – and wondering what deductions they are eligible to claim this year. It can be a little daunting, but that’s nothing to feel bad about. Tax accounting is a very specialized field, and you’ve followed your passions in a different direction to own and operate your own small business. Luckily, the small business accountants at Accounting Taxes Payroll Partners followed their passions, too.
As a small business owner, you might be used to taking care of everything by yourself. We’ll give you three good reasons to rely on small business accountants to navigate tax season.
Tax code changes all the time
The big news last year was the new tax legislation passed by Congress. The changes to tax law introduced in the bill are the most extensive changes to taxation in the United States in modern history. The good news is that this new legislation won’t apply to the taxes you are getting ready to file. The bad news? Tax laws and allowances change all the time and the rules for your 2017 taxes are slightly different than your 2016 taxes.
For example, deadlines have changed, certain tax breaks have been extended, and bonus depreciation rules have changed. Small business accountants study tax legislation changes like these and others so they can help clients like you make the most of the available deductions, pass-through earnings, and more to reduce your overall tax burden.
Tax rules are different for different company structures
As a small business owner, you had several company structure options when you set up your company. Each of those structures has different tax rules. Unless it’s your job, you may not be familiar with the nuances between the tax treatment of an LLC and a corporation, or what makes your company an S-corp or a C-corp, or what to do if you’re a sole proprietor. Getting it wrong can end up costing you more or even lead to penalties or an audit. It’s better to work with your trusted accountant and get it right the first time.
Reduce your tax burden and save money
And finally, when you work with a small business accountant who is has a comprehensive knowledge of the current tax laws, your taxes are filed correctly, with all of the correct deductions claimed, ultimately saving you money.
If you’re already scratching your head over how to minimize your tax burden this year, contact the small business accountants at Accounting Taxes Payroll Partners today at 818-436-2775.
A recent study revealed that 9 out of 10 small business startups fail. Almost 30% of those failures are due to a lack of sufficient capital.
A passion for finance isn’t a common labor of love that leads to a startup, but having knowledge about the financial aspects of running a small business can help you manage your business and your money to get you through to more prosperous times. Read on for 6 standard business costs that often surprise new entrepreneurs.
It costs a lot of money to launch a small business and keep it going until it becomes profitable. You also need to cover your own personal costs. It’s common for new entrepreneurs to take Small Business Loans only to be burdened with debt during the lean early days. There are other financing options to consider including self-funded 401ks or raising funds from friends and family.
- Legal and other professional fees
You might think that you can get away without a lawyer or that a cheap and cheerful online incorporation will be enough. However, if you don’t get the legal details right in the beginning, you could be setting yourself up for more trouble in the future. Expert legal and accounting advice at the start pays for itself over time.
- Fees, licenses, and permits
When you start a small business in Los Angeles, you will have to pay for a variety of fees and licenses to do business legally. LA is home to some great talent, but it’s an expensive place to do business.
If this is your first foray into self-employment, you are in for a shock. You might think that if you aren’t making money for yourself that you won’t have to worry about it. However, even if you’re just making enough money to cover your costs, you’ll still need to file your personal and business taxes and will probably end up owing something. Working with an accountant can help minimize your tax burden.
- Employee benefits
People are the biggest expense of any business. However the costs go beyond salaries and taxes. If you have full-time employees, you’ll need to offer some form of benefits, and many startups offer perks to their employees, like snacks or even lunches.
- Office costs
Okay, you might be expecting this one. But office and administration costs include more than rent and utilities. You also need to be prepared to pay for:
- Computers and other office equipment like phones, desks, chairs, etc.
- Phone lines and answering services
- Office cleaning supplies
- Office supplies ranging from paperclips to printer paper
- Computer software and software licenses
The saying goes, being forewarned is being forearmed. If you’re getting ready to launch your company, do your research and build a relationship with a trusted accountant to keep your finances on track. Contact the team at Accounting Taxes Payroll Partners today at 818-436-2775 to learn more about how we can help your small business succeed.
What do you need to build a strong business? Is it just a great idea? Is it business “sense?” Or is it something else? If you are a small business owner, here are three keys to success that you may not have considered. With these factors in place, you will be ready to succeed.
Exceptional Use of Technology
Today’s businesses have more technology at their fingertips than ever before, and with the advent of the cloud and the Internet of Things, that technology is becoming increasingly mobile. A successful small business is going to need to find and implement the technology that best meets their needs and the needs of their customers. Some of the more vital technologies include those that allow for the collection of payments more easily, such as emailed invoices and bills, and e-commerce payment processing. Also, technology that allows the business to go on the road, using a phone or laptop to stay on top of things, will help the business appear larger than it really is.
Relationship with a Bank
Running a business requires money, and the bank is the place where money can be found. Businesses need to stay on top of their income and expenditures, and a strong partnership with a bank can help with this. Today’s banks can keep business owners aware of their daily bank statements through daily notices. Having a strong relationship with a bank also helps businesses get the funding they need when expenses arise or growth is necessary. Because of the importance of this partnership, it is imperative for a small business to have a business bank account and work to build a relationship with the bank providing that account.
An Accounting Professional
Finally, a strong business today needs a trusted and skilled small business accounting professional. Whether the bookkeeper is on staff or is hired on a contract basis, it’s critical to ensure that the business’s books are kept up to date and available to the business’s owner in real time. With a skilled accountant on the business’s side, you can be made aware of potential problems and also opportunities for growth. Accountants can also assist with keeping books accurately for tax purposes, limiting the risk of audit or the hassle if one occurs.
Building a strong business requires more than just good business sense, though that is an excellent starting place. It also requires knowing when to seek the help and guidance of financial pros, how to utilize technology and how to get the funding needed to keep a business growing. For help with small business accounting, contact the team at Accounting Taxes Payroll Partners today at 818-436-2775.