Exact Tax Inc. » Services

Our Services

Plan, manage, and comply with your tax obligations with our team of tax professionals. Make smart decisions for long-term financial health and strength.

Accounting

Accounting

You’ve worked hard to build your business, and we can certainly relate.

Keeping accurate financial reports is important to track your progress and identify areas for improvement.

At Exact Tax, we offer financial statement preparation and reconciliation. Our qualified staff assist clients with general ledger review, monthly, quarterly, and annual close process, accrual basis accounting, bank reconciliations, cash receipts journal entries, and more.

We offer a full range of audit services, including reviews of individual returns, partnerships, corporations, and fiduciary returns.

Contact us and let us be a part of your team to help take your company to the next level of growth.

Accounting

Individual & Business Tax Preparations

BUSINESS TAX

Individual & Business Tax Preparations

The importance of having a professional handle your tax planning and preparation cannot be overstated.

The federal tax codes change every year and are thousands of pages long.

(This translates to between 2,600 and 70,000-plus pages, depending on which source you believe. And according to an IRS publication, “The Complexity of the Tax Code,” there are 3.7 million words in the current code, with changes implemented daily.)

We prepare and advise on individual and business tax filings, including LLC, S-Corporation, C-Corporation, Sole Proprietorship, and Trusts.

Every tax return is different. But at Exact Tax, Inc., we make sure each of our clients pays the minimal taxes possible.

We Go above and Beyond

We go above and beyond to help clients understand their taxes by boiling down the most complex tax codes.

At Exact Tax, Inc., you can expect an enjoyable tax preparation process.

You can relax with the confidence of knowing that we are committed to solving your tax pain, no matter how routine or complex your issues are.

Every client’s tax situation is unique, so fees will vary based on complexity. Please call us for a customized quote and consultation.

Bookkeeping

Bookkeeping

Exact Tax has been a full service bookkeeper and business consulting firm servicing San Gabriel and the surrounding area since 2007. We have built an excellent reputation and gained many loyal clients by going the extra mile to help individuals and businesses keep their books and accounts in order. We understand first-hand the unique needs of small businesses across many industries, such as:

  • Retail
  • Food
  • Professional services
  • Manufacturing
  • More

Our bookkeeping services include accounts receivable and payable, payroll posting, account reconciliation, financial statement preparation, and review.

Why Use Bookkeeping Services?
Bookkeeping is one of those important tasks in the business that not many really want to do. Not only does it need to be done, but done well so that you are always up to date on income and expenses which make tax preparation much easier at the end of the year.

If not, you may not realize how well or badly the business is actually doing and be late in making the appropriate changes. Also, if you’re not precise in recording your income and expenses, you may end up paying more taxes than you should. Or just as bad, not paying enough, which can get you in hot water with the I.R.S.. You don’t want that to happen.

Whether you’re self employed or have 100 employees, virtual bookkeeping assistance from professionals that do it all day, 5 days a week can be a financial benefit to your business. For starters, unloading all or some of your bookkeeping duties can free up you or your staff’s time to concentrate on activities that produce more income.

Having the bookkeeping, accounting and tax professionals at Exact Tax, inc. oversee your bookkeeping ensures your books are kept up to date with income and expenses categorized appropriately to maximize any tax benefits. Whether you need full-time service or just once-a-month assistance, we have flexible bookkeeping packages to meet your needs.

The 4 R’S
At Exact Tax, Inc., our bookkeeping philosophy and service revolve around the 4 R’s:

  • Retrieving online documents, collecting invoices, and receipts.
  • Recording daily business transactions and identifying proper categories of expenses.
  • Reconciling financial statements to properly reflect the condition of the business.
  • Report profit and loss and balance sheet statements monthly and/or quarterly.

Our aim is to provide your business peace of mind so you can spend more time focused on growing the business. At the same time, we will provide you with accurate financial reports that will help you make good strategic business decisions and minimize the amount of taxes needed to be paid.

Featuring Quickbooks
4.3 million businesses just like yours are using Quickbooks for their bookkeeping and accounting system. Perfect for small businesses and can scale to meet most of your business needs. We can help you set up, clean up and/or manage your bookkeeping through Quickbooks with various levels of service to meet your needs.

Some of the advantages of using Quickbooks for your business are:

  • Sync your bank accounts and credit cards
  • Automatically import and categorize transactions
  • Connect to popular Apps and easily snap photos of receipts
  • Invoicing and tracking systems
  • Track and manage sales tax
  • Track miles
  • Payroll options
  • Issue 1099’s
  • Build custom financial reports
  • Instantly generate financial reports such as profit and loss, balance sheets, accounts receivable/payables, and more
  • Have multiple users
  • And much more

Benefits For Your Business

Maintaining a clean set of books will help you produce accurate reports such as profit and loss statements, balance sheets, accounts receivable/payable, etc. that result in the following business benefits:

  • Maximize tax deductions
  • Free up staff time for more productive and income generating activities
  • Make informed business, marketing, pricing, staffing decisions and more
  • Keep IRS off your back

Our aim is to provide your business peace of mind so you can spend more time focused on growing the business. At the same time, we will provide you with accurate financial reports that will help you make good strategic business decisions and minimize the amount of taxes needed to be paid.

BENEFITS FOR YOUR BUSINESS

New Company Registration

NEW COMPANY REGISTRATION

New Company Registeration

Thinking of starting your own business? Choosing your business entity has both legal/liability and tax implications. So, it’s not something that should be taken lightly. The wrong entity can cost you money every year.

Getting off to a great start requires extensive planning, preparation, and following some very specific steps for setup. Exact Tax, Inc. can assist you with the technicalities of forming an LLC (Limited Liability Company), S-Corp, C-Corp, or DBA so that you can concentrate on the exciting part of bringing your business vision to life.

Our Services For New Companies

We offer additional services that are useful to entrepreneurs, like entity name search and trademark registration.

Our experts at Exact Tax, inc. will help you choose and register your business entity based upon the most efficient tax strategy that fits your type of business. We will also:

  • Handle all necessary paperwork.
  • Acquire EIN number
  • Acquire Corporation number
  • Register with Secretary of State
  • File Statement of Information
  • Create Operating Agreement

I’m Already in Business. Should I Change My Entity?

As a business grows, so does its financial situation. As stated earlier, each type of business entity carries different tax implications. So a DBA entity may have been appropriate as a startup, but you may be missing out on tax benefits as a $500k/year business.

Contact our experts for a free consultation and let them assess your situation to see if a change in entity can give you some financial advantages.

Cost Segregation

Individual & Tax Preparations

Cost Segregation

Cost segregation studies have become an increasingly valuable but not commonly understood tax strategy for taxpayers who own, are constructing, renovating or acquiring real estate. A cost segregation study decreases your tax liability while adding cash to your company’s bottom line. The tax benefits can be applied to various types of real estate: apartments, rental homes, and any commercial building as long as they are not your primary residence. We will be happy to explain the options in a consultation to see if cost segregation can save you money.

Payroll

Payroll

Your business’s employees are your most important resource, and you cannot afford payroll errors. Exact Tax payroll specialists handle large and small business accounts accurately and expediently to keep your business in compliance. We provide direct deposit or checks and guaranteed-accurate documentation for your employees.

Exact Tax specializes in every aspect of the payroll process and we stay up to date with the ever-changing payroll labor laws.

payroll-service
Other-payroll

Other Payroll Services

Some of the other services provided with our payroll service include:

  • Obtain wage and hour information from the employer and use that information to calculate gross wages, subtract withholdings and deductions then print and send out direct deposit/payroll checks
  • Make payroll tax payments with the proper agencies
  • Prepare all employment tax filings
  • Mail out W-2 and 1099-Misc forms at year-end
  • ET charges quarterly for payroll services. Fees will be determined based on the number of employees, the schedule of pay periods, and whether or not direct deposits are required

Contact us now for a consultation (1st 15 minutes free) and let our experts help you stay current with all payroll laws, maintain good records, send checks and documentation on time and give you peace of mind.

Sales Tax Preparation

Sales Tax Preparation

If you have to file sales tax returns, please consult us. This is an area that can really cause headaches. Mistakes or insufficient records can lead to red flags, accusations of under-reporting, aggressive demands for excessive payment, or worse. Exact Tax can perform ad hoc guidance, consulting, and support as needed.

sales-sax

Entrust Your Individual & Business Tax Requirements to Our Expert Hands!

Get In Touch

Want to make tax-smart decisions for your individual and business assets? Get in touch with us.

"*" indicates required fields

Name*
Monterey Park

1024 East Garvey Avenue
Monterey Park, CA 91755
(626) 573-0788

Los Angeles

2221 North Broadway
Los Angeles, CA 90031
(323) 226-1160

Hours of Operation

Mon - Thu : 9 AM - 5:30 PM
Fri: 9 AM - 1:00 PM
Sat - Sun : CLOSED

Email

info@exacttaxinc.com