Lamberty, Pyle & Associates LLP - CPA Firm Campbell

There are generally accepted industry standards for financial statement analysis. Financial statements should be prepared in accordance with Generally Accepted Accounting Principles (GAAP), and should include all required disclosures. In addition, financial statements should be reviewed by an independent accountant to ensure that they are accurate and complete. Financial statement analysis can be used to assess a company's financial health, performance and risk.

The main objective of tax planning is to reduce the amount of taxes you owe. There are a number of different strategies that can be used for this purpose, including reducing your taxable income, taking advantage of deductions and credits, and investing in tax-advantaged accounts. No one enjoys paying taxes, but with effective tax planning you can minimize the amount you have to fork over to the government each year. Contact a professional accountant or financial planner to get started on implementing a plan that works best for you.

Financial and tax planning is a highly complex and very specialized field with a large number of potential pitfalls for the unwary. The best advice for anyone who is not a finance and taxation specialist is the leave this to a CPA firm that will be able to minimize tax liabilities, provide the financial statements and other information required for effective financial planning as well as provide other services that will reduce the accounting pressures on the management to free them to focus on corporate growth. At Lamberty, Pyle & Associates LLP we aim to always provide the best financial and accounting services to our clients.

Being a small business owner, I know that filing a business property statement is a mandatory requirement. In California, as a business owner, you must file a Business Property Statement (also known as Form BOE-571-L) if you have over $100,000 in business personal property or are requested to file by the Assessor's Office. We will help to you understand the issues involved and file the return for you.

As someone who runs his own business, let me put it this way – financial statements are the only reliable indicators of how well the business is doing. They also provide the information that is needed to plan for the future, create the resources for growth and be able to analyze where things have gone wrong and find a way to correct the problems. It is because financial statements are so important to business success that I use a CPA firm to prepare them for me.

I have used both and the difference is clear. A tax accountant will prepare all documentation needed for complying with mandatory taxation requirements, tax planning, and other related issues. A forensic accountant specializes in investigating allegations of tax fraud and prepares reports based on which legal proceedings may be instituted.

Being a leading CPA firm in California, specializing in tax planning services, this is a question that we are frequently asked, especially by new businesses and start-ups. This is a question that cannot be properly answered in a few sentences posted online. Tax planning involves the planning of financial activities that can result in a reduction in tax liabilities and tax management is the implementation of those plans. Contact us and we will be happy to provide you with a more detailed answer to your question.