12619 Lambert Rd. Whittier, CA 90602
info@taxef.com
(562) 464-5730

Federal Refund

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Appointment

Analyze | Strengthen | Grow

Time is your scarcest resource – Let’s invest it well.

Staring your own business is a huge accomplishment. It requires a lot of time and effort to accomplish your goals. But that doesn’t mean it has to be you working those twelve-hour days when payroll comes around, or trying to go over your receipts to reconcile your books. In reality, taking on these essential tasks yourself is costing you time — and more importantly, money. We’re here to help you with these essential tasks and help you achieve your goals.

“Running our payroll was frustrating for us. It was an all-day task with endless questions regarding payroll laws and regulations. But thanks to Excellent Tax and Accounting we are now able to concentrate on running our business and its the best decision we ever made.” 

Analyze

Accounting isn’t always fun, and it’s extraordinarily complicated when there are so many rules dictating the type of records you’re required to keep. Our accounting, payroll, and tax specialists pass through a rigorous series of qualification tests to ensure you the highest level of expertise, efficiency, and accuracy.

Our trained professionals always take great care of their work.

Accounting

Payroll

Tax Planing

Strengthen

In today’s world, data analysis is essential for every business, whether Used for marketing, purchasing or scheduling employees shifts. Companies rely on concise, accurate and easy to understand information. Our Excellent experts can help you manage, understand and implement plans to promote your business stay strong and grow.

We’ll provide insightful information to navigate difficult choices and ensure success and stability for years to come.

New Business Formation

Business Planning

Assurance

“Excellent Tax and Accounting takes all the stress of looking over financial reports, capital management and resource allocation, then presents us with the best choices. The team is easy to work with, they are responsive to our needs, and are a pleasure to work with.”

“We recommend working with Excellent Tax, they take a lot of the stress and worry about complex tax laws. They allow us to focus on our clients and business. The cost is nominal and well worth the peace of mind.”

Grow

With so many factors to consider and options to chose from like branding and marketing, recruiting, managing your technological assets, and planning your long-term location strategy, wouldn’t it be great to have a group of forward-thinking, well-informed individuals on board who know what they’re doing?

We’re devoted to your long-term strategy and are ready to do the heavy lifting to help you plan for a successful future.

HR Support

Accounting Software

Business Advisory

Analyze, Strengthen and Grow your business.

Your business needs are dynamic, and so are we.

We are an experienced group of accountants, HR, IT and marketing experts to add to your business toolkit without having to hire more employees or pay exorbitant fees. Excellent Tax and Accounting has worked with businesses from almost every primary market sector, and we rely on the experience of trained professionals to undertake each diverse set of challenges. From accounting, payroll to taxes, and audits, we know that our clients thrive best under a multidisciplinary approach.

Faqs

You Ask, We Answer

You will need to file a Schedule C, depending on your type of business and where you conduct business, there may be other forms you will need. You may also need to make estimated quarterly payments by filing Form 1040-ES, Estimated Tax for Individuals.

The standing deadline for personal taxes is April 15. However, sometimes that date falls on a weekend or after Emancipation Day (a holiday in DC) and pushes the deadline to as late as April 18.

Yes, you can opt to pay your tax liability through an installment plan. In addition to paying taxes through an installment payment plan, there may be other options such as the Offer in Compromise (OIC). Under an OIC agreement, the IRS may agree to settle the taxpayer’s liability for less than the full amount of taxes owed. The IRS is not likely to approve an OIC if there’s evidence that the taxpayer could pay the full amount through an installment payment plan or another method. A taxpayer can request consideration for an OIC by filling out Form 656, Offer in Compromise, or Form 656L, Offer in Compromise (Doubt as to Liability), and mail the application package to the IRS.

Below is a list of documents to bring with you to your tax interview. A copy of this list, along with what to expect during your interview, can be downloaded in the Resource Center.

PERSONAL INFORMATION FOR EACH FAMILY MEMBER:

  • Name
  • Date of Birth
  • Social Security Card /ITIN/ATIN
  • Last Year’s Tax Return
  • Valid Driver’s License

INCOME AND TAX INFORMATION:

  •  W-2’s
  • Interest (1099-INT or substitute)
  • Dividend Slips (1099-DIV or substitute)
  • Stock Sales (1099-B or Broker Statement)
  • Self-Employment Income and Expenses
  • Sale of a Personal Residence
  • Rental Income and Expenses
  • Sale of any Business Assets
  • Gambling or Lottery Winnings (W-2G for some winnings)
  • State Income Tax Refund (1099-G)
  • Pension Income (1099-R)
  • Estimated Taxes Paid
  • Social Security or Railroad Retirement (SSA-1099 or RRB-1099)
  • IRA or 401(k) Distribution (1099-R)
  • Unemployment Compensation (1099-G)
  • Miscellaneous Income (1099-MISC)

DEDUCTIONS/ADJUSTMENTS:

  • Medical Expenses
  • Real Estate or Personal Property Taxes
  • Mortgage Interest
  • Charitable Contributions (cash and non-cash)
  • Employee Business Expenses
  • Gambling Losses
  • Moving Expenses
  • Traditional IRA Contributions
  • Higher Education Expenses
  • Educator Expenses
  • Student Loan Interest

TAX CREDITS:

  • Child Care Provider/Address and Employer Identification Number (EIN) or Social Security Number (SSN)
  • Adoption Expenses
  • Retirement Savings Contributions Credit

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We are ready to provide you with up-to-date tax, accounting, and business information online, by phone, or during an office consultation.