Small Business Accounting
Business owners are inundated with compliance responsibilities and requirements. Payroll rules, insurance requirements, business personal property tax, sales tax and business licenses are such examples. Our 30 years of experience can assist in completing these compulsory demands in an efficient and effective manner.
Successful compliance begins with proper setup of your chart of accounts and establishing bookkeeping procedures. Our experienced team can perform bookkeeping at a fraction of the cost of a full-time employee.
Choosing Your Business Entity
Starting with the appropriate entity provides the proper foundation for establishing accounting and reporting procedures. Understanding the tax implications for each entity choice is imperative. We work with you and your legal counsel to determine your best option.
Corporate Tax Services
All corporations are created as a C corporation and an election is required to be taxed as a S Corporation. There are distinct benefits for both methods of taxation and the determining factors are the impact on the owner(s) of the business. We understand both methods of taxation and assist clients in evaluating impact. We serve corporate clients of different sizes in many different industries. Put our experience to the test.
Business growth generates the need for more sophisticated accounting and reporting systems. Large enterprises require full accrual method implementation to achieve consistent monthly reporting of operating results. Additionally, growth stresses the capital resources and controlling cash is of utmost importance. Understanding the cash flow statement helps executives make effective decisions. Maintaining an accurate and complete set of financial statements is an attribute of successful businesses. We have the knowledge and experience to achieve this goal.
Contract Controller/ CFO
Business success results in increased demand for an experienced accounting department. This need is typically in advance of the resources to pay for a full-time employee with the required experience; we can fulfill these needs on a part-time basis at a fraction of the cost of a permanent employee.
Individual Tax Services
2018 is a year of change for all of us. We will participate in significant training to ensure we have a full understanding of the new laws. We are well versed in complex tax matters such as incentive stock options, self-employment tax, retirement accounts, investment real estate and personal tax credits. Our goal is to take advantage of all available deductions and credits to reduce tax paid.
IRS Audit Help
Taxpayers are conditioned to cringe at the sight of a letter from any tax agency! The best start is a prompt response. We have represented clients for over 20 years in audits from the IRS, Franchise Tax Board, Board of Equalization and Employment Development Department. Our knowledge of tax law, taxpayer rights and audit techniques have yielded excellent results for our clients.
Gregory D. Friend
Everlast Home Energy Solutions
I have been utilizing the accounting and tax planning services of Azling & Associates, both personally and professionally, since 2004. I have always found Jim & Lisa to be very knowledgeable, very competent and very responsive. We have never missed any reporting deadlines and, in fact, they are usually reminding me in advance and always well prepared. I like that they continually stay current on ever changing tax codes and regulations. It doesn’t hurt that the entire staff is always or so pleasant on the phone to deal with. By the way, I love that they answer on the second ring! It is so refreshing to get a live person to speak with.
Azling & Associates has been and remains an important part of our business’ team of professionals. With them watching the books and running financials, we have been able to stay focused on the actual running and growing of our business. I sleep very well at night knowing that my corporations are always in compliance and my taxes are done timely and correctly. I have recommended Azling & Associates to many people already for both personal and business needs – I will continue to do so.