Accurate bookkeeping is fundamental in order to run a profitable business. As you know the bookkeeping process is extremely time consuming and complex. We want to relieve you of this burden and become your external accounting department. Once we have your financial records we will perform your day to day bookkeeping services off-site. You can access your financial status online at our website at any time and focus on running other aspects of your business.

Tax Preparation Services We Provide

  • Reconciliation of all your accounts
  • Sales and Profit Tax Advice
  • Payroll Tax Processing
  • Accounting
  • General ledger
  • Balance Sheet
  • Fixed Asset Depreciation Schedule

We will manage your business finances and keep you on the right track. As you know, the steps involved with basic bookkeeping can be overwhelming. If you feel like you may be losing control of your books, give us a call. We can help.

Phelps accounting services will improve the efficiency of your accounting functions whether you run a new, emerging or established business. As your CPA firm and business advisor, we take an active role in managing your finances to increase profits. We will deliver accurate financial reports needed to watch expenses and the inventive strategies to control tax obligations. We will steer you away from any financial pitfalls and direct you towards the best accounting practices to help your business grow.

Business Accounting

Turn to us for dependable accounting solutions and practical advice. We will know how to best serve you. Our CPA’s and accountants are experienced in working with all small businesses in the Los Angles area.

Agreed Upon Procedures

Agreed upon procedures (AUP) are conducted by our audit professionals in accordance with the standards put forth by the American Institute of Certified Public Accountants.

Audit Services

We provide a risk-based approach to our business audit services. We provide the highest standards in the industry. Our audit service goals are to prepare your financial statements with meticulous detail so the audit process can run smoothly.

Financial Statements

Timely, accurate and clearly understandable financial statements are necessary in giving you a complete picture of how well your business is performing.

This of course helps to determine the strength of your companies financial position. A strong financial foundation is the basis for future investment decisions.

You can prepare your financial statements yourself, but like most small business owners, you most likely prefer to have an outside professional prepare your financial statements. That is where we step in. We prepare your financial statements in accordance with an accounting framework that is customized to your specific business.

As a certified CPA firm, we can handle your annual tax return needs while preparing any bookkeeping and financial statement services.

Phelps Accounting Services can assist you in the preparation of your financial statements in accordance with professional standards. The financial statements produced can be a useful tool for management for making financial decisions.

  • Corporations
  • Partnerships
  • LLCs/LLPs
  • Estates, trusts & gifts
  • Not-for-profit organizations
  • Divorce and support issues
  • Tax effects of buying/selling a business