LOS ANGELES, Oct. 3, 2011 /PRNewswire/ -- Business owners looking for a CPA in Los Angeles can add another element of protection to their finances. With the tax season approaching, having a plan in place to maximize annual deductions to avoid under or overpayment is essential to retaining more profits. Furness and Associates are now providing customized tax planning services for their clients.
Two of the largest expenses for companies apart from employee salaries are payroll processing and tax liabilities. The first of these expenses, payroll processing, includes taxes that must be withheld and paid to the correct agencies according to the income earned by each employee. A tax liability due to untimely payments and report filing is a common mistake that is costly to businesses. Los Angeles CPA experts, Furness and Associates, are helping businesses to reform company payroll tax procedures.
The second largest expense for any company is the liability of taxes on income earned or when assets are acquired. Not keeping track of tax rates, codes and regulations during investments and income generation periods is one of the fastest routes to financial problems or insolvency for any company. Investing money always has tax issues attached and planning properly in advance to avoid problematic situations is one of the strategies that are offered by Furness and Associates, Los Angeles CPA Firm, for business survival.
Part of tax planning services includes a review of past tax returns and analyzing tax codes to ensure that quarterly or annual tax payments are not draining valuable company finances. Every business formation has certain tax advantages that can be used to reduce or eliminate excess city, state and federal taxation to allow companies to prosper in challenging economic conditions.
About Furness and Associates, CPA Los Angeles
Furness and Associates offers small and large business owners reliable and accurate solutions for tax planning, auditing, tax preparation, business planning, and investment strategies. These professional accounting strategies help businesses to maximize income and eliminate common errors that reduce or eliminate operating income.
For more information about the services provided by Furness and Associates, visit http://www.furnesscpa.com. You can call (818) 990-0686 or visit them at their office located at 16130 Ventura Blvd. Suite 420 in Encino, CA 91436 as well.
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SOURCE Furness & Associates