How a Rancho Cucamonga business consultant can help with the incorporation process

How a Rancho Cucamonga Area Business Consultant Can Help with the Incorporation Process

California is home to countless corporations of all sizes, including dozens on the Fortune 500 list of top enterprises. Considering the high numbers, you might think it would be easy to incorporate a business in this state. However, that is not always the case. The process is complex and tedious, and it can be confusing even for seasoned executives. That is why corporate founders generally turn to an expert consultant, such as the financial professionals at Whyte & Associates, Inc in Rancho Cucamonga for assistance with business incorporation. Three common mistakes to avoid when incorporating All too often, entrepreneurs are … Continue reading

The importance of consulting a professional for business formation in Rancho Cucamonga

The Importance of Consulting a Professional for Business Formation in Rancho Cucamonga Area

You are starting a brand-new business in Rancho Cucamonga! Whether it is your first business, or you are a longtime entrepreneur, it is an exciting and frightening adventure. The decisions you make now will impact your business for years to come. One of the smartest moves you can make is consulting a financial professional at Whyte & Associates, Inc. We can guide you through the process, helping you lay a solid foundation for future success. Steps in business formation In a state filled with golden opportunities and notoriously complex laws, California business formation can be a daunting task – if … Continue reading

Should you be prepared for an IRS business tax audit in Rancho Cucamonga?

Should You Be Prepared for an IRS Business Tax Audit in Rancho Cucamonga Area?

You are being audited. Those four words can strike fear in the heart of any business professional in Rancho Cucamonga. However, it does not have to be frightening if you are properly prepared and have the right professionals on your side. When you choose Whyte & Associates, Inc for bookkeeping and other financial services, you can feel confident knowing your books are accurate and done right. Furthermore, if a tax audit does happen, we can help you prepare and represent your business. What are the chances of your business being audited? Large corporations and high-revenue businesses are audited more frequently. … Continue reading

What Rancho Cucamonga residents need to know about personal tax planning

What in Rancho Cucamonga Area Residents Need to Know About Personal Tax Planning

Everyone’s tax situation is a little different, but there is one thing virtually everyone can agree on. You do not want to overpay and waste money or underpay and risk legal trouble. How can you find that perfect balance? The answer is with smart personal tax planning. The seasoned professionals at Whyte & Associates, Inc in Rancho Cucamonga are here to help. What is tax planning? Although commonly confused, tax planning and preparation are not the same. Personal tax planning refers to analyzing an individual’s situation and creating a strategy to minimize tax liability. It might include timing purchases or … Continue reading

What consulting services do accountants in Rancho Cucamonga offer for my business?

What Consulting Services Do Accountants in Rancho Cucamonga Area Offer for My Business?

You look like a smart business owner! And smart business owners know the importance of surrounding themselves with exceptional advisors. The most successful organizations are those that have successful advisory teams, from lawyers to bankers, to IT folks and everyone in between. We at Whyte & Associates are privileged to have partnered with some of the Inland Empire’s most successful entrepreneurs over our more than 65-year existence. The way that we partner is as diverse as the businesses themselves. So, business consulting services by definition can mean a lot of different things. As accounting professionals in Rancho Cucamonga, we view … Continue reading

Rancho Cucamonga business owners ask: Why is a sound bookkeeping system so important?

In Rancho Cucamonga Area Business Owners Ask: Why is a Sound Bookkeeping System so Important?

As its name suggests, “bookkeeping” is about “keeping” your “books” in order. So, what does that entail? Here, Whyte & Associates of Rancho Cucamonga answers your FAQs about this fundamental, albeit tedious and time-consuming, business function. Why is a bookkeeping system important? We have bookkeeping down to a science (or system). Now, that is not to say we treat all clients’ bookkeeping needs the same. Far from it. As with all of our services, they are shaped to your unique needs. Our team is just so well-versed in collecting, tracking, organizing, retrieving, and reporting financial transactions, that these bookkeeping functions … Continue reading

How can an outside accountant support my business goals and vision in Rancho Cucamonga?

How Can an Outside Accountant Support My Business Goals and Vision in Rancho Cucamonga Area?

Through our more than 65 years as a family-owned business, Whyte & Associates has been privileged to partner with a range of businesses of all sizes, at all life cycles (startup and legacy), across the spectrum of sectors (auto mechanics to dentists), and across the Inland Empire. Our team in Rancho Cucamonga looks forward to getting to know you and your business. Via our answers to the below FAQs, read on to find out more about how a professional business accountant will support your team’s goals and growth. What is the role of a business accountant? The exact answer to … Continue reading

What tax preparation services are near me in Rancho Cucamonga? And how can they help my business?

What Tax Preparation Services Are Near Me in Rancho Cucamonga Area? and how Can They Help My Business?

Complete, accurate, and timely tax preparation services play an important role in your business. The benefits go far beyond the obvious; reducing liabilities and freeing up more monies that can then be invested back into your organization. Whyte & Associates in Rancho Cucamonga is happy to provide a glimpse into how business taxes are prepared. And, in understanding the process and our approach, you can see just how professional tax accounting can “work” for your business – taking it to the next level. What types of taxes am I liable for? Businesses generally are liable for taxes on income, and … Continue reading

The importance of professional service in Rancho Cucamonga for all your business, franchisee auditing needs

The Importance of Professional Service in Rancho Cucamonga Area for All Your Business, Franchisee Auditing Needs

Between 2007 and 2015, Forbes reported that the number of Baby Boomer-led franchises grew by 6%. In fact, 29% of all franchisees reportedly fall squarely into the “Boomer” demographic. More seasoned professionals and serial entrepreneurs alike are considering opportunities associated with these “turnkey” operations, especially as the workforce continues to plug away well into what has traditionally been considered the “retirement” years. The word “audit” hangs over the heads of many independent business owners like a foreboding cloud; however, newly minted franchisees may not realize is that the franchisor can order an audit at any time. The importance of a … Continue reading

The power of a good tax accountant in Rancho Cucamonga: Three-plus benefits

The Power of a Good Tax Accountant in Rancho Cucamonga Area: Three-plus Benefits

A good tax accountant is a powerful partner for you and your business. Many individuals and organizations in Rancho Cucamonga, the Inland Empire, and beyond unknowingly fork over too much to Uncle Sam. Additionally, they may needlessly pay costly fines and penalties that could be avoided with a little planning and expertise from the professionals at Whyte & Associates. Our team, which includes Enrolled Agents certified by the Internal Revenue Service, sees a few common mistakes that either leave lots of money laying on the table or drain you of money that could be reinvested back into your savings or … Continue reading