All too often, Whyte & Associates Inc. works with business clients who overpay considerably more on their taxes than the cost of hiring a professional accountant to prepare and file their returns. Partnering with an experienced Rancho Cucamonga, California-based full-service accounting firm more than pays for itself; the benefits go beyond dollars and cents.
Due to our breadth and depth of expertise, we prepare annual tax returns for C-corp; S-corp; partnership, LLC, LLP; non-profit; and estate or trust organizations/clients from across the greater Ontario, Upland, Claremont, La Verne, Fontana, and Los Angeles area. So, we have substantial experience partnering with clients of all business structures and can even advise on the most tax-advantaged and beneficial incorporation strategies for your business. In addition to filing the appropriate 1120, 1065, 990, and 1041 forms, we also prepare the required state returns to satisfy your tax obligations at both the federal and state level.
An initial meeting lays the groundwork for a successful tax season. During this meeting, we ask that you provide your balance sheet, profit and loss (P&L) income statement, year-to-date general ledger, and documents to support new asset acquisitions, sales, or disposals. As we discuss your situation and go through this data and documentation further, additional information may be helpful to ensure we take advantage of any deductions, credits, and other incentives available to you.
Whyte & Associates Inc. is very transparent and honest about your specific situation. There may be times when we can work from self-prepared accounting statements/documents. We can determine that during the meeting noted above. We appreciate that each client’s circumstances differ, so we always keep an open mind and perspective. That said, we encourage professional accounting at every step whenever possible. While the fundamental accounting functions that contribute to a good set of financial statements may seem straightforward at first blush, you can get in over your head very easily. Again, having accurate, complete, and professional statements is vitally important, as no sound tax return is generated without an equally sound set of financial statements. In addition to preventing you from overpaying on your taxes, you avoid the costs associated with compliance failures.
The costs associated with penalties due to incomplete, late, or inadequate filings can quickly add up as they are cumulative. Through no fault of your own, these inconsistencies and inaccuracies can arise as it is challenging for business owners to stay on top of complex and ever-changing tax laws and regulations relevant to them and their industry. We are adept at keeping on top of changes that can affect your business’s tax/compliance requirements and obligations, which can occur from year to year and quickly overwhelm your team and your day-to-day business functions and life.
We strive to earn your trust and recommendations, just as we have with other business owners for nearly 70 years. To schedule your meeting at our Rancho Cucamonga, CA office, call (909) 575-0080 today.Â
