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.
The exact answer to this question is as varied as the organizations that we partner with; however, accountants are generally tasked with some critical responsibilities. These duties include evaluating financial data, including statements, to ensure they are correct and complete. In doing so, you as an organization remain in compliance with various rules and regulations put forth by various agencies. Specific compliance requirements depend on factors such as the nature of your business and the industry it serves.
Accountants also calculate the taxes that you owe, ensure that tax returns are completed accurately and fully, and are submitted in a timely fashion. Over the course of collecting, organizing, managing, retrieving, and communicating financial information, accounting professionals ensure the data complies with Generally Accepted Accounting Principles (GAAP). Notably, accountants serve a vital business intelligence role; we have the finger on the pulse of your company’s overall financial health. This data informs strategic, smart decision-making. These strategies can save you considerable time and money, and help you to work smarter, not harder.
Whyte & Associates operates as an extension of your team. We provide important third-party perspective and insight. This outsider’s perspective is not attainable with an in-house accountant, due to the dynamics that naturally exist between employee and employer. Not only is this insight helpful, but it may be required depending on the circumstances; for instance, situations where internal accountants could pose a conflict of interest. Also, turning to an outside accountant may make business sense! Overhead is contained. You get a high level of expertise without having to pay for a full-time professional and associated benefits to keep him or her. We at Whyte & Associates also have access to sophisticated software, and are credentialed to represent all clients at all tax offices and in all tax matters as Enrolled Agents. EA status is the highest designation awarded by the IRS.
Aside from tax planning and preparation, and experience representing clients in the unlikely event of an audit, our team is also pleased to offer live and after-the-fact payroll services. This important function of your business is handled expertly by people – not robots (automation). We are also honored to provide business consulting that is tailored to your needs (not one-size-fits-all). We lend a guiding hand to help businesses at every stage, from setting them up for success at the onset, to smoothly dotting the “i’s” and crossing the “t’s” at the end of the business’s “life.”
