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

Posted By: | Published On: | Audit
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

Posted By: | Published On: | Personal Taxes
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?

Posted By: | Published On: | Business Consulting
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?

Posted By: | Published On: | Bookkeeping
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?

Posted By: | Published On: | Blog
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?

Posted By: | Published On: | Business Taxes
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

Posted By: | Published On: | Audit
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

Posted By: | Published On: | Tax Planning
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

Why quality bookkeeping matters for the long, healthy “life” of your Rancho Cucamonga business

Posted By: | Published On: | Bookkeeping
Why Quality Bookkeeping Matters for the Long, Healthy “life” of Your Rancho Cucamonga Area Business

We have never heard a client who, upon partnering with us to form a business, jumped for joy at the prospect of bookkeeping. It is one of those critical and rote business functions that drains limited time and “brain-space” away from you and other team members. These resources could be allocated elsewhere, toward the development and deployment of tactics that attract clients and grow your business. However, the consequences of failing to keep up-to-date and accurate “books” with quality bookkeeping services are dire and can bring your business to its knees. One vehicle to instantly build more time into your … Continue reading

Planning to succeed with an experienced consultant in Rancho Cucamonga

Posted By: | Published On: | Business Consulting
Planning to Succeed with an Experienced Consultant in Rancho Cucamonga Area

Whether you have ran a business for less than six months or for more than 60 years, like the family-owned and family-operated Whyte & Associates, you quickly experience the pitfalls of trying to be everything to everyone. Just because you may be able to do something without paying someone else to complete that task, does not mean you should. Likewise, some reporting and compliance obligations require the expertise of an objective, outside planning consultant. As a business with a robust legacy in Rancho Cucamonga and the Inland Empire, we have seen time and time again how organizations find out the … Continue reading