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With tax experts available year-round, let our team of CPAs, EAs, and tax professionals become part of your team. We go above and beyond to resolve our clients tax problem by analyzing data closely, identifying https://simple-accounting.org/ the key areas that triggered an audit. Our extensive knowledge of your business will help you better understand what caused a particular issue so you can prevent future controversies in this area.

mehdiani financial management

Keep more of your hard-earned dollars via tax planning, top-notch bookkeeping systems, and full-service assistance with all of your tax, compliance and organizational challenges. Always responsive, helpful, accurate, on time, and thorough. I’m not sure there is anything more you should or could expect from an accountant or financial firm.

List of the Top Certified Public Accountant in Los Angeles

It works with clients of all sizes, ranging from startups to multi-billion dollar companies and specializes in serving high net worth individuals. Squar Milner is an independent member mehdiani financial management of Allinial Global and was named one of the Top 40 Accounting Firms in the Nation by Accounting Today. I have never met someone as well rounded and knowledgeable in business.

The more financial information we have on-hand, the better. Please remember that you may always contact us to ask questions as to documentation that may be needed.

Chief Executive Officer

We are a Premier CPA firm offering a wide range of services for your business and personal finances. If you are looking for a blend of personal service and expertise, you have come to the right place. We offer a broad range of services for business owners, executives and independent professionals. There is no substitute for great tax planning, and while not a “trick,” saving money on taxes starts with that.

We are experienced in all matters of accounting and taxation, business formation, financial planning and investments, real estate and business sales. For start-up companies, we can assist you to form your business, setup your initial accounting system, as well as provide you on-going accounting support. We also provide business management services to ensure your finances are looked after. If you are in the entertainment industry or professional athletic industry, we offer services to manage all your financial affairs. This article was co-authored by Alan Mehdiani, CPA. Alan Mehdiani is a certified public accountant and the CEO of Mehdiani Financial Management, based in the Los Angeles, California metro area. With over 15 years of experience in financial and wealth management, Alan has experience in accounting and taxation, business formation, financial planning and investments, and real estate and business sales.

Frequently Asked Questions

Even during busy season, Alan made me feel like a priority and dedicated as much time as needed to get both my personal as well as Corp taxes done, and done right. The balance sheet provides a snapshot of your company’s financial position, and while it may help prepare for the future, it does not predict it. There are two ways to generate a balance sheet—on a cash basis or an accrual basis. On an accrual basis, you record your income at the time you perform the service. In that case, you may need to include an allowance for debts that may not be paid. If you use a cash basis, you’ll record that income as it comes in, so you won’t need an allowance.

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The quick ratio is helpful for determining the health of a company that may fluctuate sales numbers depending on current trends, like fashion or music sellers. If you need to pay the debt within one year it is short-term, or “current,” liability. Include any money you are owed as “Account Receivable.” When someone owes you money you can claim it as an asset, even if you do not know when you will be paid back. This is “accounts receivable,” or “A/R,” because you can count on receiving the money. Know that assets are anything of value owned by the company. Assets are valuable resources that you own or control, from cash and manufacturing equipment to the company car.

Subtract your liability from your assets to find “ownership equity.” Be thorough when listing liability — suddenly realizing you missed a large payment or debt can derail your company if you are not careful. As the lead Senior Accountant at Mehdiani Financial Management, Herber Palacios manages every aspect of our clients’ needs.

  • Thank you very much Mrs victoria crypt , and if you too are having a difficult business for yourself then contact her now.
  • Tax returns carefully prepared and delivered in a timely manner.
  • We are experienced in all matters of accounting and taxation, business formation, financial planning and investments, real estate and business sales.
  • We are always pleased to answer any security concerns.
  • Clients can also access the website’s interactive financial calculator as well as its newsletter section for articles detailing changes in tax law.
  • I trust their work and highly recommend them for taxes, bookkeeping, and all other accounting services.

Leon Nazarian, CPA and MST , has 15 years of experience providing tax return preparation services. He specializes in Certified Public Accounting Practice such as IRS Tax Audit defense or representation for individuals with a foreign citizenship who are experiencing US Taxes issues. Though this is not accessed as readily as cash, any investments a business makes are assets. Write down the amount you paid for your investment as an asset. We want to prevent your company from becoming another statistic.

Mitchell S. Daks, CPA

In our experience, the most successful businesses are those that take themselves seriously from the very beginning. According to the International Economic Development Council, after just four years more than 35 percent of all small businesses fail. For retail establishments and service providers the failure rate is even higher. Excellent customer service – Should you have a question or concern, our pledge is to address them clearly and patiently. If I failed to accept you it would show how ungrateful I am. I could not be less grateful to the person God has used to bless me and my family in general.

  • It offers a range of solutions, including bookkeeping, QuickBooks support and training, and payroll services.
  • They offer exceptional customer service, flexible hours, technical expertise and complete reliability in fulfilling all of types of tax and accounting needs.
  • Simon Accounting Group serves Encino and nearby areas.
  • T also provides business consulting, income tax preparation, and IRS and state audit representation.
  • Understand that liability represents your company’s debts.
  • If you are in the entertainment industry or professional athletic industry, we offer services to manage all your financial affairs.

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