Whether you're a small business in need of help or you're an individual who doesn't even want to touch your own taxes, Tim & Associates here for you. Tax season can be a stressful time for just about anyone, and we're here to provide you with proactive tax solutions, up-to-date information, and reliable advice in order to help you manage your tax liability.
We have worked with a variety of individuals and business on their taxes in order to implement effective tax plans no matter what your tax situation may be. No business, no matter how big or how small, can function without the proper accounting services to support the day to day financials in order to continue to maintain profitability and grow. Having accurate and insightful information can help you to make the right decisions regarding your business.
Here at Tim & Associates, our business accounting services allow you to know the best way to steer your business. Utilizing accounting services that can include accurate record keeping, as well as guidance on tax planning, cost-containment, and investments.
We have worked with a variety of individuals and business on their taxes in order to implement effective tax plans no matter what your tax situation may be. No business, no matter how big or how small, can function without the proper accounting services to support the day to day financials in order to continue to maintain profitability and grow. Having accurate and insightful information can help you to make the right decisions regarding your business.
Here at Tim & Associates, our business accounting services allow you to know the best way to steer your business. Utilizing accounting services that can include accurate record keeping, as well as guidance on tax planning, cost-containment, and investments.
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Tax Cuts and Jobs Act 2017 made sweeping changes to tax law.
Individuals and business owners will be impacted by the changes.
In order to make these changes in the tax law work in your favor, you need to plan your financial affairs for the years ahead.
Some of these new provisions will initially benefit the taxpayers.
However, because of the sunset provisions of these new tax laws, tax planning must take into account their impact over a period of 5-7 years.
The new provisions are effective for the tax year ending after 2017.
Individuals and business owners will be impacted by the changes.
In order to make these changes in the tax law work in your favor, you need to plan your financial affairs for the years ahead.
Some of these new provisions will initially benefit the taxpayers.
However, because of the sunset provisions of these new tax laws, tax planning must take into account their impact over a period of 5-7 years.
The new provisions are effective for the tax year ending after 2017.
Far too often, tax law and strategy is explained in legalese.
This makes it hard for individuals and even businesses to find ways to minimise their tax liability and know what changes have been made to the tax code year to year.
When you work with Tim & Associates, you're placing your trust in good hands.
Not only will we be able to prepare your tax returns each year, we will also serve as your advocate in all tax matters.
This allows you to be confident in your taxes.
In addition to serving as your advocate, we are also able to help you with yearly tax planning.
This makes it hard for individuals and even businesses to find ways to minimise their tax liability and know what changes have been made to the tax code year to year.
When you work with Tim & Associates, you're placing your trust in good hands.
Not only will we be able to prepare your tax returns each year, we will also serve as your advocate in all tax matters.
This allows you to be confident in your taxes.
In addition to serving as your advocate, we are also able to help you with yearly tax planning.
Tax audit representation, or an audit defense, is a situation where you, as an individual or legal entity, are in a position where your tax return is being audited and a tax professional represents your interests.
Both federal and state income taxes can be audited, however, you have the right to be represented by an individual with proper credentials during the process.
This can include attorneys or CPAs.
If you receive notification from the Internal Revenue Service (IRS) requesting further tax information in conjunction with an audit, don't ignore the letter.
Both federal and state income taxes can be audited, however, you have the right to be represented by an individual with proper credentials during the process.
This can include attorneys or CPAs.
If you receive notification from the Internal Revenue Service (IRS) requesting further tax information in conjunction with an audit, don't ignore the letter.
Do you know what could happen to you if you ignore letters from the IRS about the collection of taxes that the IRS argues are owed?
The IRS has the ability to file a lien against you as part of the tax collection process.
This can quickly turn into debt collection phone calls and eventually the seizure and sale of your personal assets.
The IRS can even place levies against your accounts and wage garnishments on your pay checks if a resolution to pay owed taxes isn't reached.
In addition to potentially losing many of your assets, you also risk destroying your credit rating and harming your future too.
The IRS has the ability to file a lien against you as part of the tax collection process.
This can quickly turn into debt collection phone calls and eventually the seizure and sale of your personal assets.
The IRS can even place levies against your accounts and wage garnishments on your pay checks if a resolution to pay owed taxes isn't reached.
In addition to potentially losing many of your assets, you also risk destroying your credit rating and harming your future too.
Our Los Angeles CPAs have extensive experience preparing, reading, and evaluating business financial statements for small businesses in Los Angeles.
Let us work with you to prepare a clear and accurate financial representation of your business.
This is a high-level overview of the financial accounting statement information we compile and publish for your business needs.
A balance sheet is a snapshot in time of your business financials.
It includes assets, liabilities, and net worth.
Analyzing how a balance sheet changes over time reveals important financial information about a business, like your ability to collect revenue, manage your inventory, and satisfy creditors and stockholders.
Let us work with you to prepare a clear and accurate financial representation of your business.
This is a high-level overview of the financial accounting statement information we compile and publish for your business needs.
A balance sheet is a snapshot in time of your business financials.
It includes assets, liabilities, and net worth.
Analyzing how a balance sheet changes over time reveals important financial information about a business, like your ability to collect revenue, manage your inventory, and satisfy creditors and stockholders.
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