A Trusted Irvine Korean CPA Firm Providing Accounting and Tax Services for Small Businesses and individuals. Jenny S. Park, CPA & Co. provide tax preparation and planning solutions to match the particular needs of each client for each small business owner or individual taxpayer. We can recommend tax saving strategies, prepare your tax return and become your personal tax advisor.
We also make sure your bookkeeping is organized and up to date, provide detailed financial reports and develop a comprehensive tax plan to minimize taxes. At Jenny S. Park, CPA & Co., you are assured that not only are you getting professional, expert advice but we also help you understand your overall financial situation so that you get to keep more of what you make.
We at Jenny S. Park, CPA & Co. place a high value in trust to develop long term client relationships. As your financial consultant, our relationship with you is very important to us. With every project we engage in, we look for long-term solutions that will best benefit you.
We also make sure your bookkeeping is organized and up to date, provide detailed financial reports and develop a comprehensive tax plan to minimize taxes. At Jenny S. Park, CPA & Co., you are assured that not only are you getting professional, expert advice but we also help you understand your overall financial situation so that you get to keep more of what you make.
We at Jenny S. Park, CPA & Co. place a high value in trust to develop long term client relationships. As your financial consultant, our relationship with you is very important to us. With every project we engage in, we look for long-term solutions that will best benefit you.
Services
Whether you're a business owner or an individual looking to keep your finances in check, the team at Jenny S. Park, CPA & Co. is ready to tackle all of your accounting needs.
From basic bookkeeping to complex balance sheets, we're here to handle your finances with integrity and accuracy.
At Jenny S. Park, CPA & Co., we're dedicated to client satisfaction, and we're ready to use our knowledge and skills to make your life easier while best serving your financial needs.
So whether you need help with an accounting services or require assistance with filing your taxes, we're up to the challenge.
From basic bookkeeping to complex balance sheets, we're here to handle your finances with integrity and accuracy.
At Jenny S. Park, CPA & Co., we're dedicated to client satisfaction, and we're ready to use our knowledge and skills to make your life easier while best serving your financial needs.
So whether you need help with an accounting services or require assistance with filing your taxes, we're up to the challenge.
Now that the 2012 tax season is over, it's time to focus on tax planning for 2013.
But with so much uncertainty concerning next year's tax framework, this is a critical time to plan carefully and with expert help.
Consult with a qualified tax professional.
Here's the checklist to save tax.
Review the tax landscape for 2013; consult with a tax professional to determine your best tax moves for this year and next.
Once there is greater clarity over what tax changes will occur in 2013 and how they may affect you, consider accelerating income or deferring deductions based on your most beneficial tax strategies.
But with so much uncertainty concerning next year's tax framework, this is a critical time to plan carefully and with expert help.
Consult with a qualified tax professional.
Here's the checklist to save tax.
Review the tax landscape for 2013; consult with a tax professional to determine your best tax moves for this year and next.
Once there is greater clarity over what tax changes will occur in 2013 and how they may affect you, consider accelerating income or deferring deductions based on your most beneficial tax strategies.
The IRS developed a method of computer scoring called the Discriminant Function System (DIF) score which rates the potential for change based on past IRS experience with similar returns.
The Unreported Income DIF (UIDIF) score rates tax returns for the potential of unreported income.
The highest-scoring returns are reviewed by IRS personnel and from there some are selected for audit with pointers to items on the return that need review.
The IRS is most likely to audit returns with a high ratio of certain types of deductions to income.
The Unreported Income DIF (UIDIF) score rates tax returns for the potential of unreported income.
The highest-scoring returns are reviewed by IRS personnel and from there some are selected for audit with pointers to items on the return that need review.
The IRS is most likely to audit returns with a high ratio of certain types of deductions to income.
If the IRS or State government questions your deductions or business losses, you may need a copy of your return to prove your return was accurate.
However, there are limits to how far back the government can look.
The IRS recommends taxpayers keep their returns and any supporting documentation for three years after the date of filing; after that, the statute of limitations for an IRS audit expires.
If you've under-reported income by 25 percent, however, the IRS can go six years back, or seven if you claim a loss for bad debt or worthless securities.
However, there are limits to how far back the government can look.
The IRS recommends taxpayers keep their returns and any supporting documentation for three years after the date of filing; after that, the statute of limitations for an IRS audit expires.
If you've under-reported income by 25 percent, however, the IRS can go six years back, or seven if you claim a loss for bad debt or worthless securities.
Let's face it, when you became a business owner you probably did not anticipate how much time you would have to devote to back-office functions.
While proper bookkeeping and accounting are essential to the success of your business, the time and expense needed to properly manage these operations can drain your energy and focus.
That's where we come in.
Our Outsourced Accounting and Tax Services team provides the streamlined accounting support and infrastructure you need.
We have the resources necessary to manage the work while you build your business.
While proper bookkeeping and accounting are essential to the success of your business, the time and expense needed to properly manage these operations can drain your energy and focus.
That's where we come in.
Our Outsourced Accounting and Tax Services team provides the streamlined accounting support and infrastructure you need.
We have the resources necessary to manage the work while you build your business.
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