18663 Ventura Blvd, Suite 227Tarzana, CA 91356
FREE CONSULTATION818-436-2775
18663 Ventura Blvd, Suite 227Tarzana, CA 91356
FREE CONSULTATION818-436-2775
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Personal, Affordable Payroll Services, Bookkeeping, and Tax Processing for Small Business throughout Los Angeles County.

4 Services an Accounting Firm Can Offer Your Small Business

Today’s small businesses work hard to keep their companies afloat. They often spend long hours at the office, perform multiple job functions, and do not have the resources to hire additional help. However, they can hire Los Angeles accounting firms to handle some of the time consuming tasks that need to get done. When they hire one of these accounting firms, they can take advantage of the following four services.

1 – Bookkeeping

A small business that does not have a bookkeeper might benefit from bookkeeping services. With this type of help, the accounting firm can pay your bills, reconcile your bank and credit card statements, and perform data entry in QuickBooks. These basic tasks are necessary for your records, and they will help you to understand how you are performing financially.

2 – Tax Preparation

Many Los Angeles accounting firms also provide tax preparation services for small businesses. They can help businesses prepare for sales taxes. In addition, they can help companies file their taxes each year. An accounting firm has an understanding of the tax codes that govern each type of business including the following:

  • Partnerships
  • LLCs
  • Corporations
  • Sole proprietors
  • Non-profits

 

3 – Financials

Several companies also rely on financials throughout the year. Sometimes they have to report their financial information to shareholders. Other times, financial statements are needed for investors or potential buyers. Accountants can gather this data, and ensure that it is accurately reported.

4 – Payroll Services

Companies that need help with their payroll can also reach out to accounting firms. Accountants understand the taxes and deductions that are involved in the payroll process. They are also familiar with payroll taxes. Therefore, they can ensure that you do make errors. In addition, they will help you to pay your employees on time.

Since your small business probably doesn’t have an accounting department, it makes sense to hire one of the top Los Angeles accounting firms. They can provide you with these four common services and more.