Acceptance Agents California Internal Revenue Service

Additionally, they should have a keen eye for detail, ensuring that all tax forms are completed accurately and on time. Lastly, they should be trustworthy and have a reputation for providing excellent service. https://turbo-tax.org/ Torrance, being a city with a diverse population, requires tax service providers to be sensitive to cultural differences and provide personalized services that cater to each client’s unique needs.

Its owner, Kerry Welch, is a proud affiliate of the American Institute of Certified Public Accountants. Torrance, CA residents often face a variety of tax problems, but one of the most common issues is related to property taxes. With a median home value of over $800,000, many homeowners in Torrance are subject to high property tax bills. Additionally, the city has a complex tax system that includes a utility user tax, a transient occupancy tax, and a business license tax, which can be confusing for both individuals and businesses.

Angel Zhen, CPA EA MSTax

One factor that can impact the duration of tax filing in Torrance is the city’s diverse population, which includes a significant number of small business owners and self-employed individuals. These individuals may have more complex tax situations that require additional time and attention from their tax preparer. Additionally, Torrance is home to a number of high-net-worth individuals, who may have more complicated tax returns due to their investment portfolios and other financial assets. As a result, tax preparers in Torrance must be well-versed in the latest tax laws and regulations to ensure accurate and timely filing for their clients. Eric S. Fisher, CPA, is a board-certified public accountant serving businesses and individuals in Torrance since 1985.

• You can also hire a CPA if you need help understanding what deductions or credit you might qualify for.
• They have a more thorough understanding of tax code than an individual operating solely with a PTIN or an Annual Filing Season Program participant who provides their services on a volunteer basis.
• For an accurate price estimate, request quotes from several certified public accountants (CPAs) near you.
• Tax preparation services in Torrance, CA vary in cost depending on the complexity of the tax return.
• Outsourced Controller and small business bookkeeping service is $125 per hour.

The city is divided into several distinct neighborhoods, each with its own unique character and charm. Whatever your circumstances may be, The Taxation Experts are here to give you the best tax planning advice to help you get through life’s challenges. From saving for your children’s education, stock options or business entity selection, we will steer you in the right direction.

Top 10 Best Tax Preparation Near Torrance, California

If the statement is an annual reporting, we estimate the minimum fee to be $500 for the annual statement, this fee is in addition to any bookkeeping or cleanup work that is required by our office. If you are trustee or excutor of an estate, we can prepare financial statements that can be submited to the CA Court or to trust/estate beneficiaries. Typical fee range is $2,500 to $6,000, depending on the quality of your accounting records, number of accounts and complexity of the estate or trust. ICAN Tax Prep & Accounting skillfully applies specialized tactics to prepare, process, and analyze all financial aspects of local businesses for the locals in the Torrance area and beyond. Their successful corporation has over 15 years of experience in finance and has become a widely trusted name in their community.

• The online accounting subscription fee is an additional $35 per month (subject to change.).
• Cooper has been in the accounting industry for more than 25 years.
• After you have completed it, please forward the organizer (printed or digitally) to our office for immediate service.
• He went on to work with different banks and served as an assistant controller for the Los Angeles Olympic Organizing Committee in 1984.

If you are one of the local college students, you need to be sure you take the time to learn what deductions are available to you when filing taxes as a college student. Outsourced Controller and small business bookkeeping service is $125 per hour. So if you have 2 bank accounts, estimate bookkeeping fees to be about $250 per month.

Top Tax Accounting Firms in Los Angeles, CA

Depending on the size, assets, liabilities of the estate the typical fee range is $3,000 to $6,000. Setup fees for new clients typically rangss between $500 to $1,000. Narducci, CPA & Company is an advanced, locally owned and operated accounting firm, which skillfully offers a multitude of financial services to the residents of Torrance and the surrounding regions. It offers a wide range of services including, assurance and advisory, forensic accounting and litigation support, and tax and bookkeeping.

• Part of what makes preparing tax returns so interesting is that you don’t know what will be required on any given tax return each year, even if you have been working with a client for years.
• It offers a variety of accounting services such as bookkeeping solutions, general ledger, and financial statement arrangements, as well as setting up new accounting systems for various enterprises.
• Torrance, being a hub for various industries, requires tax service providers to have a deep understanding of industry-specific tax regulations.
• You are the most important person in our office, and you deserve to have timely and competent attention paid to your affairs.
• Additionally, they should have a keen eye for detail, ensuring that all tax forms are completed accurately and on time.
• Nevertheless, many tax preparation services in Torrance, CA offer competitive pricing and quality services to ensure clients receive the best possible outcome when it comes to their taxes.

The online accounting subscription fee is an additional $35 per month (subject to change.). No representation is made that the quality of the tax services to be performed is greater than the quality of tax services performed by other CPAs or lawyers. Our Tax Organizer is designed to help you maximize your deductions and minimize your problems in preparing and filing your tax return. The organizer is usually revised annually to be compatible with the ever-changing tax laws. The Tax organizer currently posted below is primarily for the 2022 tax year, although it can be used for other years. Many people don’t realize that the cost of their education may be tax deductible.

The professionals also offer corporate tax filing services for partnerships, estates, corporations, and LLCs. They also provide bookkeeping services and represent clients in tax-related concerns. Sharon Chang has a master’s degree in business taxation and a bachelor’s degree in accounting.

Preparation Engagement –  This report is intended for business owner’s use to manage the business. This may fulfill some lenders’ documentation requirements for small loans. The fee depends on what period is covered, if the report is monthly we will prepare the bookkeeping and issue a statement.

Additionally, taxpayers must provide documentation of any deductions they plan to claim, such as receipts for charitable donations or medical expenses. It is important to note that Torrance, CA has specific tax laws and regulations that differ from other cities in California. For example, Torrance has a local sales tax rate of 9.5%, which is higher than the state average. This means that tax preparers must be well-versed in the intricacies of Torrance’s tax code in order to ensure their clients receive the maximum possible refund.

With over 20 years of experience, she has extensive knowledge in accounting, banking, construction, and tourism. Tatyana is actively involved in the Forensic Section of California Society of CPAs, serving as a treasurer of its business valuation section. One of the secrets of successful businesses is long-term tax planning. If you want to see your small business grow, you need to see the big picture and not just hire a tax preparer for tax season. Every decision you make like purchasing new equipment has an impact on your tax returns, so it pays to have an professional on your side always. Our professional tax consultants can help you in every aspect of your finances to sustain your business’s growth.

Hiring a tax services provider in Torrance, CA has numerous advantages for residents. With the city’s diverse and thriving economy, it can be challenging to navigate the complex tax laws and regulations. A tax services provider can help Torrance residents maximize their tax savings and avoid costly mistakes. Additionally, Torrance is home to many small businesses, https://turbo-tax.org/torrance-ca-income-tax-preparation-cpa-and-irs/ and a tax services provider can assist them in managing their finances and staying compliant with tax laws. Furthermore, Torrance is located in Los Angeles County, which has some of the highest tax rates in the country. A tax services provider can help residents navigate these high rates and ensure that they are paying the correct amount of taxes.