Experienced Business Services

No matter the size of your company, you deserve the confidence of knowing that your accounting is complete, accurate, and there when you need it. At Excellent Tax and Accounting, our expert accounting team delivers exceptional business services to small and mid-sized businesses across Los Angeles and the surrounding areas.

We focus on niche industries, including construction, medical practices, and real estate, so that we can provide more effective assistance and service for businesses in these exciting fields. Get help from an accountant who knows what your business really needs! Contact our office today to schedule your complimentary consultation!

Services We Can Offer Your Business

Since opening our firm, we’ve helped countless businesses to expand their opportunities through effective accounting and business services. When you come to us, we can provide you with:

Tax Services

Powerful tax reduction strategies designed to save you the most money on your federal and state taxes.

Business Advisory

Our Business Advisors and part-time CFOs provide strategic proposals to help you achieve your business goals.

Accounting

Our approach allows you to maintain a clear and up-to-date picture of your business’ finances so you can make better decisions.

Payroll

In terms of paying employees, it can be a time-consuming task for small business owners. We are here to help you.

Strategic Business Planning

We can help you with business planning and show you how to confidently achieve these goals.

New Business Formation

Have you ever dreamed of starting your own business? We can help you realize this dream.

Our goal is to do more than simply help you ensure that your ledgers are clean and your bills are paid. We want to work with you on a personal level and find ways to support your company growth. We take the time to get to know your business and apply our industry knowledge to help your business run more efficiently and be more effective at what you do.

Industries We Serve

As a niche-focused accounting firm, we work closely with businesses in select industries to provide experienced and targeted services. We partner with companies in industries whose tax and accounting needs are often complex, such as:

Accounting for Small-to-Midsized Businesses

Accounting is much more than simply making sure your books are clean; it’s the foundation of your financial operations. Solid accounting ensures that your business obligations are met, that you have a firm grasp of your cash flow, and that you have the reports and information you need to function effectively.

Our goal as your outsourced accountants is to help you organize your ledgers, balance accounts, ensure compliance and best practices, and provide accurate and timely information so you can better understand your company’s financial standing. We apply various tactics and reliable services to help you meet your goals, and with our knowledge of your industry, we can effectively focus on the areas that matter most to you and your business.

Some of the services we might provide your small-to-midsized business include:

Common Tax Problems Businesses Face

When it comes to taxes, there are three main issues that can have serious long-term consequences. These include:

When you need it, we can also assist your business through the following services:

    • Generate reports and statements
    • Reconcile accounts payable and receivable
    • Check statements for accuracy
    • Ensure regulatory compliance
    • Improve financial efficiency
    • Evaluate operations to minimize costs

Bookkeeping

If you’re running a small business, you know that your bookkeeping is a vital part of what you do – but it’s also incredibly time consuming and can get in the way of doing what you need to grow your business. We can take on this responsibility for you so that you have access to efficient and optimized ledgers when you need them, and you can focus on the aspects of your business that need you most.

For bookkeeping on a monthly, quarterly, or yearly basis, turn to our personalized service for real-time advice and reliable results.

Supporting Your Business with QuickBooks, FreshBooks, and Xero

QuickBooks is one of the most popular accounting software platforms available to businesses today. It’s incredibly versatile and customizable, but many small-to-midsized businesses are unaware of the many features they have at their disposal.

We provide QuickBooks support for businesses that need it and can help you to get the most out of your software. Whether you’re looking to optimize your software for your business or simply trying to automate your daily processes, our expertise is here to ensure you’re getting your money’s worth with your accounting.

Part-Time CFO Services

An experienced CFO can be a valuable asset to any business, but many small-to-midsized businesses assume that having a seasoned advisor would be outside their budget. With an outsourced CFO, however, you receive all the benefits of a CFO without the hassle of interviews, dedicated office space, and a costly year-round salary with benefits and bonuses.

What Can a CFO Do for My Business?

CFOs are capable of looking beyond your day-to-day processes and helping you evaluate your current and historic finances to create long-term forecasts and define attainable goals based on smart, relevant business strategies.

A CFO from Excellent Tax and Accounting can provide these services and more:

    • Analysis of accounting & cashflow reports
    • Financial forecasting
    • Investment management
    • Expert budget preparation and monitoring
    • Profitability analysis
    • Accounting process optimization
    • Evaluation & optimization of internal controls

How to Put Your Financial Forecast to Good Use

A financial forecast uses your company’s current and past financial performance to create a detailed map of potential future performance. These reports include anticipated profits, obligations, and cash flow, allowing you to make smarter decisions and employ strategies to steer your business in the desired direction.

This can not only help to prepare you for opportunities but help you shore up weaknesses in underperforming areas, making your company stronger and more valuable in the long run. We’ll help you extrapolate likely scenarios and select viable strategies based on the data and where you want your company to be in 3-5 years.

New Business Formation

Every fledgling business entrepreneur knows how important it is to get their business launch right. Choosing the right business entity will have long-lasting implications for your company’s operations, investor opportunities, and tax and legal liabilities. Our experienced accounting team will get to know the details of your business, how it fits into your industry, and which entity type will allow you to grow and expand according to your long-term goals.

Business Restructuring

One of the things that makes choosing the right entity type at launch so important is that an expanding business may find itself limited by a business structure that no longer fits its needs or direction. If your company is ready to enter its next stage of growth, we can help you restructure your business into something that encourages your business to excel.

We’ll help you navigate your options, understand the tax implications of a potential restructure, and find the entity type that suits your needs not only today but five years or even further down the line. We’ll also help you determine what documentation you’ll need and what else must be done to ensure a smooth transition and a positive outcome that disrupts as little of your business operations as possible.

Business Consulting in California

Whether your company is in its first year, fifth, or you’re looking to expand a long-standing family business, having someone with experience in your industry to provide seasoned guidance can help you to make smarter choices about your business and take things to the next level. A business consultant acts as an unbiased, objective problem-solver who can help you find workable solutions with proven strategies that your business can use to grow.

Thanks to our industry-niche services, we understand the common issues faced by a business of your size and market and can propose and tailor strategies that help you move forward in an effective and positive direction. We can review your current plans and operations, evaluate opportunities, and help you fine-tune your processes to get the most out of your cash flow and strengthen your bottom line, enabling long-term growth.

Cash Flow Management

Cash flow is one of the things that can make or break a business, and yet it’s often misunderstood. Many small and mid-sized business owners tend to focus on profits and forget to factor in bills and expenses, which can cause them to overestimate their ability to meet their obligations and expand their business. Moreover, creating a workable budget that will get you through seasons of slower activity depends on a thorough knowledge of your current and past cash flow.

Our accountants evaluate your overall finances through historical performance and current standing to extrapolate patterns in your cash flow and project future earnings and expenses. We can then work with you to create a plan and a solid budget that will help your business operations run smoothly and help you discover the most opportune times for expansions and acquisitions so your business can be as successful and financially healthy as possible.

Whether you’re looking for someone to help you get your taxes in order, or you need help dealing with past tax debt, the team at Excellent Tax and Accounting is ready to help. Schedule your complimentary consultation at our office today!

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