We are committed to providing a wide range of services.
BUSINESS START-UP
Your accountant will help guide you to avoid any pitfalls that many new small businesses make when starting a new business. Preparations on methodical business planning to clarify mangement, marketing, and financial planning will be provided to develop a successful start for your business.
Corporation
The establishment of your business will have great impact on taxes and operating flexibility.
Non-profit Organization
We can help you setup and maintain your non-profit organization's tax-exempt status by handling all the IRS reporting for you.
Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its relations, which includes the following items.
Operating Agreement/ By Laws
Standard Operating Agreement / By-laws that describe the operating rules of your business.
Permit & License
A California seller’s permit is required by any business that intends to sell tangible personal property that should be taxed at retail — a sales tax.
TAX PLANNING & PREPARATION
Thorough tax planning, whether for yourself or your business, is the most effective way to limit the negative impact of taxes in your life. If something has been properly accounted for in advance, it is unlikely to pose much of a problem or become a burden when the time comes.
We stress planning to minimize, defer and, if possible, eliminate Federal, state and local taxes; to take advantage of all available tax incentives; to avoid the penalty provisions of the tax laws; and to avoid loss of tax credits or other carryovers.
We conduct reviews of existing compensation packages including fringe benefits and retirement plans to see that the company is getting the most for its money, and is prepared for changes in ownership in the event of redemptions, liquidations, mergers and acquisitions.
Business tax returns
Corporate tax issues can be complex, especially with the ever-changing legislative landscape. To cut through the complexity of tax compliance, we proactively examine legislative changes to determine how they will impact our corporate clients. We also partner with our clients and encourage them to contact us before making large-scale decisions, to consider potential economic and tax consequences.
Individual tax returns
Unexpected events and changes often result in individual tax preparation consequences. Mountain, LLP can help you manage these changes and turn them into new possibilities with our individual tax return preparation, and filing services. We can work with you to minimize your tax exposure and help you meet your tax and wealth accumulation goals.
Tax planning
We specialize in business succession planning and wealth transition strategies for privately held businesses. Our professionals will help you develop and implement a business succession planning strategy that will promote family harmony, avoid potential power struggles and costly disruptions, and create estate and income tax savings.
Payroll & sales tax preparation
In conjunction with new tax laws and whether it be making new techniques to defer income or decisions on making a subchapter S election, preparations and planning will be done continuously throughout the year.
Sales & Use Tax Filing services are available to assist in managing and representing your business for all tax issues and filing. Your accountant will communicate with you to prepare the required tax forms in order to meet filing obligations on time.
MANAGEMENT CONSULTING SERVICE
Bookkeeping
Mountain, LLP offers a full range of accounting services for businesses and individuals. Let us help you establish and maintain a budget, track your cash flow, prepare regular financial statements, and more.
Generate a income statement (P&L) & balance sheet
For each business, annual or quarterly accounts/financial statements are essential for tax planning, tax preparation, and advisory services from your accountant.
Payroll processing services
Payroll doesn’t have to be the most stressful time of the month. We provide custom payroll services to assist you in creating a payroll processing strategy that meets your company’s needs. We’ll take care of all the record-keeping and ensure that your payroll taxes are always in order.
Business consulting
Our team has more than 20 years of experience serving as a personal CFO and advisor to entertainment professionals and other high-net-worth individuals who have a desire to focus on their own profession and insist that their business matters receive the same level of attention and expertise.
AUDIT SERVICE
Our review team can analyze your financial statements to satisfy regulatory or other requirements. With our expertise in assurance services and financial reporting, we are able to provide and interpret vital information that can better facilitate the ongoing management of our clients’ business. As an external Audit Department, we can provide guidance to address concerns with accounting accuracy, internal controls, and regulatory compliance.
Employee Benefit Audit
We have dedicated partners and staff who focus their practice on Employee Benefit Plan Audits. Our team is experienced in working with the key contacts at the client and outside service providers to facilitate an efficient, timely and value-added audit.
Internal Control Audits
We’ve helped organizations nationwide and across industries to establish internal control structures, create an internal audit function or improve an existing one, and maintain regulatory compliance. We provide ongoing education as regulations and public perceptions change. We are trusted advisors for management and boards. External auditors can be confident in our work and its results.
Audit of Financial Statements
We approach to auditing your financial statements begins with obtaining a thorough understanding of your business and industry, including your internal controls, and ends with the expression of an opinion as to whether the financial statements are presented fairly in all material respects. As a part of this process, we identify and assess the risks which may cause your financial statements to be materially misstated and develop our audit strategy in response to those risks.
IRS Audit Defense
Small businesses and individuals can be subject to an IRS (Internal Revenue Service) audit at any time. California residents can also be subject to an FTB (Franchise Tax Board) audit. Both Federal and California laws can be arcane and very difficult to navigate without an expert accounting firm (CPA firm) familiar with taxes.