Our Services

S Corporations
The IRS requires S-Corp shareholders who work in the business to receive compensation through payroll. Failure to do so can create compliance issues and unintended tax exposure. Because the IRS also expects salaries to be “reasonable,” determining the correct amount is an important step. Our team can help you navigate these requirements with confidence.

Employee or Contractor?
California law places strict requirements on how workers are classified. Misclassifying employees as independent contractors can trigger audits, penalties, and back taxes. If you’re unsure whether your workers are classified correctly, we can help you determine the appropriate designation.

Partnerships, LLCs & Disregarded Entities
Single-member LLCs classified as disregarded entities do not place owners on payroll, but employees must still be paid through payroll. In partnerships, owners are not paid through payroll; instead, they receive guaranteed payments reported on Schedule K-1. If you need help determining or structuring guaranteed payments, our team can assist.

Are Your Accounts Receivable or Payable Negative?
Negative balances in accounts receivable or payable are often a sign that income or expenses have been misclassified. Reviewing your balance sheet can quickly reveal these issues. Our team can help correct your records and ensure your financial statements accurately reflect your business.

Are Your Accounts Reconciled?
Regular reconciliation is essential to accurate financial reporting. Unreconciled accounts can leave unresolved items that may raise issues during an audit and lead to disallowed expenses. Our bookkeeping team handles reconciliations as part of our services, helping ensure your records stay accurate and audit-ready.

Leaving Expenses on the Table?
Misclassifying expenses can prevent your business from taking full advantage of allowable deductions. Accurate expense tracking ensures you’re capturing legitimate business costs and maximizing tax efficiency. Our team helps identify and organize expenses correctly, so nothing is overlooked.

Who Should Consider a Living Trust? A living trust may be appropriate for:

• Married couples or single parents with minor children

• Individuals who own real estate

• Blended families seeking to protect children from a prior marriage

• Business owners

• Families with special needs dependents

Advantages of a Living Trust. A revocable living trust is a key component of estate planning and can offer several benefits, including:

• Protecting and managing assets during your lifetime and beyond

• Avoiding the cost, delay, and public nature of probate

• Potentially reducing estate taxes

• Ensuring assets are used according to your wishes

• Providing structured financial support for heirs

• Maintaining continuity in the event of incapacity

• Protecting minor children and special needs dependents

• Preserving separate property or inheritances

• Reducing administrative burden and emotional stress