Bookkeeper Services
Our professionals employ the latest bookkeeping software to maintain current and precise records across all facets of business operation, as well individual and personal record keeping.
QuickBooks Training and Support
Our QuickBooks Pro-Advisors are prepared to provide business clients with the complete range of remote and on-site QuickBooks services.
Bookkeeping services and Financial reporting
the financial statements prepared by our experienced professionals are guaranteed to accurately communicate your company’s financial condition and to meet all legal and ethical standards governing financial reporting.
Strategic financial planning
our professional bookkeepers experienced at using your company’s financial data for the purposes of budgeting, forecasting and strategic financial planning.
Begin the process of streamlining your bookkeeping systems today! Allowing our experienced professionals to use their knowledge, experience and resources to satisfy all of your company’s bookkeeping needs is one of the smartest decisions your business can make! Contact us today for a free, no obligation consultation.
If your business has been selected for an IRS Audit, the bookkeepers at WEST COAST CAPITAL SOLUTIONS LLC can successfully guide you through the audit process. Although being selected for audit does not necessarily mean that there has been an error on a tax return, successfully substantiating the items identified for examination is a very important task. Our professionals have had extensive experience at doing just that and can help your business achieve the most favorable audit outcome possible. Although there are three types of audits, businesses are usually selected for either an Office Audit, where the audit is done in the auditor’s office, or a Field Audit, where the auditor comes to the taxpayer’s place of business. In either case, the basic elements of the audit process are similar. These components, together with some of the reasons for enlisting the services of an experienced professional to assist with audit defense, are outlined below:
The bookkeepers at WEST COAST CAPITAL SOLUTIONS LLC have helped many business clients successfully resolve the issues which prompted their selection for an IRS audit. In addition the advantage of we can negotiate directly with the IRS on behalf of you or your company during the audit process. While, on the one hand, an audit can result in a return being accepted as it was originally submitted, a poorly conducted audit can result in a significant additional assessment.
The bookkeepers at WEST COAST CAPITAL SOLUTIONS LLC. Bookkeeping-prepare and submit tax returns for all business entities, including Sole Proprietorship, Partnerships, S-Corporations, Limited Liability Corporations and Corporations. Our professionals guarantee tax compliance across the board through the accurate and timely submission of all required federal, state, local and international tax returns.
Our entity-specific tax preparation services are summarized below:
· Sole Proprietorship
Because a Sole Proprietorship is treated as a pass-through entity, the income of the business is reported on the owner’s personal tax return. This is done using IRS Form 1040, Schedule C.
· Partnership
The Partnership must issue each partner a K-1 and file an information return on IRS Form 1065 to report any credits or deductions to/from the operation of the business. Each partner must then report their portion of the profits and losses of the Partnership on their personal income tax return.
· S-Corporation
Even though an S-Corporation does not pay corporate income taxes, it is required to file a corporate income tax return using IRS Form 1120S. In addition, the S-Corporation must issue each shareholder a K-1 showing their share of any business profits or losses. Each shareholder must then report their portion of the profits and losses together with any compensation they have received on their personal income tax return.
· Limited Liability Corporation
Multiple member LLCs must issue each member a K-1 and file an information return on IRS Form 1065 to report profits or losses of the business. Each member must then report their share of any profits or losses by filing the K-1 with their personal income tax return. The income of a single member LLC is reported on Form 1040, Schedule C of the member’s personal income tax return.
· Corporation
A Corporation must file a corporate tax return on IRS Form 1120. Unlike with other business structures, the profits and losses of a Corporation are taxed directly and do not pass through to be claimed on the personal tax returns of the owners.
The accountants and bookkeepers at Orange County Bookkeeping provide expert tax preparation services that guaranteed to meet all of the filing deadlines and reporting requirements of the respective tax collection agencies. Our professionals guarantee tax compliance through the accurate preparation and timely submission all required tax returns.
Fulfilling business tax responsibilities is one of the most critical functions of managing a business. In addition to being time consuming, the reporting and payment procedures for the various types of business taxes are complex and difficult to decipher,
this being the case, the Professional bookkeepers at WEST COAST CAPITAL SOLUTIONS LLC. Bookkeeping stand ready to assist your business in meeting all of its business tax obligations.
The following is a summary of business tax responsibilities:
The bookkeepers at WEST COAST CAPITAL SOLUTIONS LLC., Bookkeeping is well qualified to assist your business in fulfilling all of its business tax obligations. We guarantee tax compliance by ensuring that our clients meet all filing requirements and reporting deadlines for their various business tax responsibilities.
If your business has an outstanding tax liability the bookkeepers at WEST COAST CAPITAL SOLUTIONS LLC. Bookkeeping can help you determine the best way to resolve it. As with any back tax balance, the best course of action is to face it head on rather than ignoring it and hoping it will go away. Tax liabilities continue to collect penalties and interest as long as there is an outstanding balance and bring more serious consequences such as tax liens and tax levies if left unresolved over time.
Some of the methods for resolving an outstanding tax liability are described below:
If your business has an outstanding tax liability the professionals at WEST COAST CAPITAL SOLUTIONS LLC Bookkeeping will help you resolve it. Our professionals have extensive tax settlement experience and will use it to help your company negotiate the best tax settlement option available for your company’s specific set of financial circumstances.
The bookkeepers at WEST COAST CAPITAL SOLUTIONS LLC ., Bookkeeping provide business clients with effective tax planning strategies that are aimed at minimizing both current and future tax liabilities. Such strategies include accurately calculating and projecting business income together with making maximum use of the available provisions of the tax code to reduce the total amount of tax owed.
Because taxes are one of greatest expenses a business has, effective tax planning is essential to both the profitability and long term success of any business the bookkeepers at WEST COAST CAPITAL SOLUTIONS LLC . Bookkeeping have had extensive experience in the area of tax planning and stand ready to assist your business in developing both short and long term tax planning strategies.
Bookkeeping Services, Rely on Experts, Access Latest Software, Guarantee Compliance, Maximize Revenue!
The professionals at WEST COAST CAPITAL SOLUTIONS LLC., Provide bookkeeping services that are individually tailored to fit the specific needs of each practice they serve. Our experienced bookkeepers have access to the latest bookkeeping and bookkeeping software and are up to date on the current policies and procedures related to serving professionals.
We guarantee delivery of a complete bookkeeping solution that is accurate, efficient and cost effective!
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