Should You File Your Own Taxes?

It might seem counterintuitive, but there are things more important to a business than profit. Ask any account service in Los Angeles; there are many companies that have filed for bankruptcy while reporting high profits. The reason? Poor cash flow. Keep It Pumping Like blood flowing through your veins, excellent cash flow is indicative of [...]

How To Get Your Accounting Paperless!

With the advent of the digital age, more businesses are taking their practices paperless than ever before. Having all of your data stored virtually can be a tremendous boon since paperwork no longer has to languish in the mail and transactions can be made instantaneously.  From managing your billing to working out your finances with [...]

How To Decide Which Corporation To File Your New Business

If you’re setting your new business up as a corporation, it’s important to pick a type and pick it wisely. It’s also vital you know how different corporate classifications work, because most corporations can be described with more than one of the labels in discussion. Encino tax advisors will be able to provide you with [...]

3 Steps to Starting Your Small Business

The idea of starting a small business from scratch can be a daunting one. Many entrepreneurs want to be their own bosses, but don’t know the best way to proceed. Since money is often a big hurdle, an accountant service in Los Angeles can help you get on the right fiscal track. In addition, here [...]

What You Need To Know About the DCAA Compliance for Small Business

Small businesses drive the economy in every sector, so it’s no surprise the Department of Defense looks to them in its contracts with outside vendors, suppliers, and equipment manufacturers. If you are looking to take advantage of opportunities to grow your business through bidding on defense contracts, you need an accountant service in Los Angeles [...]

What Defines a Small Business?

Every year, thousands of small businesses get access to programs designed to help them thrive and prosper. From specialized loan programs to local tax incentives and even some grants, there are a lot of ways the government and other institutions work to help nurture entrepreneurs. What makes a small business, though? The definition is a [...]

What You Need to Know About Amending Your Tax Return

Taxes are confusing and it’s common to make mistakes, especially without the help of Los Angeles tax preparation services. Whether you realize you made an error or forgot to claim a credit or deduction, you may wonder whether it’s possible to fix this problem. Thankfully, the IRS has a simple method for amending your return. [...]

Where Is My Tax Refund?

Filing taxes can be frustrating and confusing, even with the help of Los Angeles tax preparation services. But it’s all worth it for that refund. Unfortunately, your refund may not come quickly. If you’re eager to get your refund and aren’t sure where it is, you’ll be happy to know there’s a way to track [...]

How Does a General Ledger Work?

Recording transactions and creating financial reports are vital tasks for your business. Accounting helps you have a clear picture of your company’s financial health and make informed decisions. One of the most effective ways to stay on top of your transactions is by maintaining a general ledger. Here’s a basic guide to general ledgers and [...]

Did the Tax Reform Help You?

With the Tax Cuts and Jobs Act in full effect, it is having a direct impact on American taxpayers like you. But even with this reform, the tax code can remain confusing. How this tax bill affects you depends on a variety of factors, including your income, filing status, and deductions. Encino tax consultants can [...]