HELPING YOU MOVE TO THE RIGHT DIRECTION
Choosing the right accountant for you could be one of the biggest decision you can make in your life.
An accountant can help you with any one of your life's major events. From having a new child
to dealing with a death of a loved one; from getting married to getting a divorce; from buying
a home to selling one; or from forming a new business to dissolving one.
A good accountant can be a good partner to help you make these events a better one. A good
accountant can help you save some of your hard-earned dollars and can make your business
and personal endeavors a more successful one.
Ladinez & Company, PC is a CPA firm located in the city Torrance, California. We provide services in income tax return preparations, payroll, bookkeeping, and business consulting. We are tax accountants, tax preparers, bookkeepers, payroll service providers, and business consultants. Our office is within a comfortable driving distance from the beach cities, such as Redondo Beach, Manhattan Beach, Hermosa Beach, El Segundo, Long Beach, San Pedro, and Rancho Palos Verdes. We are also within a driving distance from Los Angles city and Orange County.
Services
Why Bookkeeping Is Essential To Any Kind of Business
Bookkeeping is an important task that is often taken for granted by business owners - some out of ignorance or some by simple negligence.
Bookkeeping is the process of recording of all financial transactions in any kind of business whether you own a small, medium, or large enterprise. Accountants generate reports out of the books that were properly recorded by the bookkeepers.
Bookkeeping is essential to any kind of business because of the following reasons:
1. Profitability – As a business owner, you want to see if your business is earning and properly recorded transactions can provide this information.
2. Cash Flow – Bookkeeping includes recording of cash receipts and cash disbursements. A complete recording of these transactions will let you know if you are running on a positive cash flow or a deficit, therefore avoiding messing up your bank accounts.
3. Monitoring Payables and Receivables – Bookkeeping helps you monitor how much you owe your creditors and how much money are still collectible, thereby avoiding insolvency issues.
4. Bank Reconciliation – It makes it easier to do the bank reconciliation if all financial transactions are recorded accurately and on time.
5. Tax Preparation – Your accountant or tax preparer will be happy to prepare your tax return if you have ample bookkeeping records and you’re not just basing it on your memory.
6. Saves Taxes – Since basis of tax is net taxable income, therefore, an inaccurate recording of receipt as income or failure to record a deductible expense will make your tax due larger.
Who can do the bookkeeping? Medium and large businesses usually hire their own bookkeepers
as their employee. Many small business owners, on the other hand, outsource their bookkeeping requirements because they want to save on employee benefits, cost of maintaining their own equipment and in order to focus more on their core responsibilities. Others make use of bookkeeping software. However, even though there are available bookkeeping software, knowledge of bookkeeping is still necessary to correctly record the transactions and only a skillful and trained bookkeeper can do this.
Whatever choices the business owner makes with regards to bookkeeping, the bottom line is to answer the question –“Are my transactions properly recorded?”
- We are CPAs, tax accountants, tax preparers, business managers and consultants based in Torrance, CA near Los Angeles & OC, serving the entire U.S. See us at Yelp & Facebook. Call us (424) 278-4838 or e-mail us at This email address is being protected from spambots. You need JavaScript enabled to view it. .
CPA Firm, Tax Preparers, Accountants, Bookkeepers, Payroll & Business Consultants in Torrance, CA
Our CPA firm is based in the City of Torrance, CA. We provide tax, accounting, and business services to individuals and business. The 2010 United States Census reported that Torrance had a diverse population with (51.1%) White, (34.5%) Asian, (2.7%) African American, (0.4%) Native American, (0.4%) Pacific Islander, (5.4%) from other races, and (5.5%) from two or more races. Hispanics or Latinos of any races were 23,440 persons (16.1%), while non-Hispanic whites formed 42.3% of the population. Our CPA firm understands and accommodates the needs of these diverse taxpayers.
We are a CPA firm, tax preparers, tax accountants, bookkeepers, payroll service providers, business managers and consultants based in Torrance, CA, near Los Angeles, Long Beach, and OC. And we serve the entire U.S.
Other facts about Torrance:
Torrance’s economy is majorly supported by big companies, such as Honda, Exxon Mobil Refinery, Allied Signal Aerospace, and others. The ExxonMobil refinery in the north end of the Torrance is responsible for much of Southern California's gasoline supply. Torrance was also an important hub and shop site of the Pacific Electric Railway.
Torrance was originally part of the Tongva Native American homeland for thousands of years. In 1784 the Spanish land grant for Rancho San Pedro, in the upper Las Californias Province of New Spain and encompassing present day Torrance, was issued to Juan Jose Dominguez by King Carlos III—the Spanish Empire.vIt was later divided in 1846 with Governor Pío Pico granting Rancho de los Palos Verdes to José Loreto and Juan Capistrano Sepulveda, in the Alta California territory of independent Mexico.
