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Accounting and Bookkeeping Services in Los Angeles
1-800Accountant, America's leading virtual accounting firm for small businesses, offers seamless end-to-end bookkeeping and accounting services handled by experts designed to give you peace of mind and the extra time you need to focus on building your business.
Our Accounting Services for Los Angeles Small Businesses
Tax Advisory: Tax considerations for businesses in California extend far beyond April. Through our affordable tax advisory service, you'll have a dedicated small business CPA by your side, providing year-round guidance to minimize your tax liability in Los Angeles while ensuring compliance with state and local regulations.
Payroll: Streamline your operations and save valuable time with our comprehensive payroll services. We handle regular tax submissions to the city of Los Angeles, ensuring accuracy and freeing you to focus on growing your business.
Business Formation: Unlock the advantages of officially establishing your business in California with our complimentary incorporation services. Simply cover any Los Angeles fees, and we'll manage the rest, putting you on the path to hiring employees, creating a business bank account, and maximizing tax savings through an optimized business structure.
Bookkeeping: Establish a solid financial foundation and maintain a healthy cash flow with our meticulous bookkeeping services tailored for businesses in Los Angeles. Our error-free process delivers easy-to-understand reporting, providing crucial insights that empower you to make data-driven decisions and enabling your accountant to develop vital financial modeling strategies.
Business Tax Preparation: Navigating the complex tax landscape in Los Angeles can be daunting, but our team of CPAs has you covered. With an average of 17 years of experience in the industry, our experts can save you thousands annually by handling your intricate LA tax preparation, ensuring you're always confident and compliant.
Discussing your business taxes with 1-800Accountant is quick and easy:
- Set up a time for us to give you a call.
- Tell us what’s going on with your business.
- Get matched with an accountant who knows your industry & local regulations.
| Level | Rate |
|---|---|
| State Tax Rate | 6% |
| County Tax Rate | 3.25% |
| Municipal Tax Rate | 0.25% |
| Combined Sales Tax Rate | 9.5% |
| City-Specific Taxes |
|---|
| Business tax on gross receipts. |
| Licenses and Permits |
|---|
| Sign permits required. |
| Permits required for businesses with burglar alarms (ex: pawn shops, jewelry stores) |
The LA County Department of Economic Opportunity can help LA businesses find grants. Learn more here.
| Grants and Funding in California | Grants and Funding Information |
|---|---|
Provides $5,000-$10,000 grants to small businesses in unincorporated areas of LA County. | |
Provides working capital loans of $100,000 - $500,000 for commercial and small businesses. | |
Provides pathways to contract opportunities for small businesses via the LA Chamber of Commerce. |
How to Find Accounting and Bookkeeping Services in Los Angeles
When choosing an accountant or bookkeeper for your California small business, you should consider the following factors:
Certifications and State Compliance: Ensure the accountant or bookkeeper has the right title and certifications, such as working as a CPA. They should also be fluent in California's specific tax regulations and compliance requirements.
Experience and Specialization: Search for professionals with experience in your specific industry. Specialized knowledge is crucial for managing industry-specific financial matters and for strategic long-term planning.
Understanding of Local Economic Conditions: Opt for a professional who understands the local economic environment in California. This includes familiarity with the state's prominent industries, such as entertainment, technology, and international trade, as this knowledge can impact financial decision-making and tax planning.
Knowledge of State Tax Incentives: California offers business-friendly tax incentives, including credits for job creation, research and development, and clean energy initiatives. A knowledgeable financial professional can help navigate these incentives and make recommendations to minimize your tax burden.
Talk to a business tax expert today for all your tax needs in Los Angeles.
Additional California Accounting Resources:
California Business Tax Guide for Small Businesses
How to Start an S- Corporation in California
A Beginner’s Guide To California Payroll Taxes
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
*Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
*Historical first-party data.