Are You a Los Angeles Small Business Owner With Unfiled Tax Returns and Messy Books? How the Tax and Accounting Firm of Mike Habib, EA Can Help

Running a small business in Los Angeles is demanding. From Hollywood production companies to Santa Monica startups, owners often prioritize growth over financial management, leading to:

– Time Constraints: Managing clients, staff, or inventory leaves little time for bookkeeping or tax preparation.
– Complex Transactions: LA businesses, like restaurants or freelancers, handle diverse revenue streams (e.g., delivery apps, contracts) that complicate record-keeping.
– Lack of Expertise: Many owners lack the accounting knowledge to maintain accurate books or file taxes correctly.
– Seasonal Overload: Busy seasons, like tax deadlines or holiday sales, can push bookkeeping to the back burner.

For example, a Downtown LA retailer might struggle to reconcile sales from multiple platforms while meeting California’s tax requirements. Mike Habib, EA, understands these challenges and offers tailored bookkeeping services in Los Angeles, CA, to help small businesses catch up and stay compliant.

Neglecting tax filings and bookkeeping can have serious consequences for Los Angeles small businesses:

– IRS Penalties and Interest: Unfiled tax returns can result in penalties of 5% per month (up to 25%) plus interest on unpaid taxes.
– Audits: Disorganized books increase the risk of IRS or California Franchise Tax Board (FTB) audits, which can be costly and time-consuming.
– Financial Uncertainty: Messy books obscure cash flow, making it hard to plan or secure funding.
– Missed Deductions: Without accurate records, you may lose out on tax deductions or credits, increasing your tax bill.

Mike Habib, EA, specializes in resolving these issues, helping LA business owners avoid penalties and regain financial clarity with expert tax and bookkeeping services.

Mike Habib, EA, is an Enrolled Agent with decades of experience in tax and accounting, including roles as Controller for Xerox Corporation and Director of Finance for AEG in Los Angeles. His Whittier-based firm serves small businesses across Los Angeles, from Beverly Hills to the San Fernando Valley, with a focus on unfiled tax returns, messy books, and IRS representation. Why trust Mike Habib, EA?

– Expert Credentials: As an Enrolled Agent, Mike is licensed by the IRS to represent clients in tax matters, ensuring compliance and expertise.
– Proven Success: The firm has helped countless LA businesses resolve tax debt, file back taxes, and organize financial records.
– Client-First Approach: Personalized service tailored to your business’s unique needs, unlike impersonal national firms.

With a deep understanding of Los Angeles’ business landscape, Mike Habib, EA, is a trusted partner for small business owners facing financial challenges.

Unfiled tax returns are a common issue for Los Angeles small business owners, often due to time constraints or fear of penalties. Mike Habib, EA, offers a streamlined process to resolve this:

– Assessment: The firm reviews your financial history to identify unfiled years and gather necessary documents.
– Back Tax Filing: Prepares and files federal and California tax returns, ensuring accuracy and compliance.
– Penalty Abatement: Requests penalty relief from the IRS or FTB when applicable, reducing your financial burden.
– Payment Plans: Negotiates affordable payment plans or offers in compromise for any tax debt.

For example, a Hollywood freelancer with three years of unfiled returns can rely on Mike Habib, EA, to file back taxes, minimize penalties, and set up a manageable IRS payment plan, restoring peace of mind.

Messy or delinquent books can paralyze your business, but Mike Habib, EA, offers 911 urgent accounting services to clean them up:

– Catch-Up Bookkeeping: Organizes years of neglected records, categorizing transactions and reconciling accounts.
– Error Correction: Identifies and fixes discrepancies, such as duplicate entries or missing expenses.
– Financial Reconstruction: Rebuilds records from bank statements, receipts, or invoices if documentation is incomplete.
– Audit-Ready Books: Ensures your records meet IRS and FTB standards, reducing audit risks.

A Pasadena restaurant owner with disorganized books from multiple revenue streams (e.g., dine-in, DoorDash) can trust Mike Habib, EA, to restore order, making financial data clear and compliant.

Mike Habib, EA, provides comprehensive bookkeeping services in Los Angeles, CA, tailored to small businesses:

– Transaction Management: Records income and expenses, ensuring every transaction is tracked.
– Bank Reconciliation: Matches books to bank statements to prevent errors or fraud.
– Payroll Services: Handles employee wages, taxes, and benefits compliance.
– Financial Reports: Generates balance sheets, income statements, and cash flow reports for decision-making.
– Accounts Management: Tracks accounts receivable and payable to maintain cash flow.

These services help LA businesses, from startups to retailers, stay organized and focus on growth while Mike Habib, EA, handles the numbers.

Accurate bookkeeping is the foundation for seamless tax preparation. Mike Habib, EA, integrates these services to simplify tax season:

– Organized Records: Maintains clean books to ensure accurate tax filings and maximize deductions.
– Tax Planning: Offers strategies to reduce tax liabilities, such as leveraging small business credits.
– Compliance: Ensures adherence to IRS and California tax regulations, minimizing audit risks.

For instance, a Santa Monica tech startup can benefit from Mike Habib, EA’s bookkeeping to track R&D expenses, followed by tax preparation to claim valuable tax credits, saving time and money.

Many Los Angeles businesses use accounting software like QuickBooks, Xero, or Wave. Mike Habib, EA, provides expert support for these platforms:

– Setup and Customization: Configures software to match your business’s needs.
– Data Management: Imports transactions, reconciles accounts, and generates reports.
– Training: Teaches you or your team to use software effectively.
– Troubleshooting: Resolves errors, such as syncing issues or incorrect entries.

Whether you’re a Glendale boutique using QuickBooks or a Venice freelancer on FreshBooks, Mike Habib, EA, ensures your software enhances your bookkeeping efficiency.

Los Angeles’ diverse economy requires tailored financial solutions. Mike Habib, EA, serves a wide range of industries, including:

– Entertainment: Production companies, actors, and writers needing contract-based bookkeeping.
– Tech Startups: Silicon Beach innovators requiring R&D expense tracking.
– Retail and Restaurants: Businesses with high transaction volumes and complex sales data.
– Real Estate: Agents and property managers needing commission and expense management.
– Freelancers and Gig Workers: Influencers, designers, and consultants in LA’s gig economy.

From Hollywood to Downtown LA, Mike Habib, EA, delivers industry-specific bookkeeping and tax solutions.

IRS audits and tax debt are daunting, but Mike Habib, EA, excels in resolving these issues:

– Audit Representation: Represents you before the IRS or FTB, handling all communication and documentation.
– Tax Debt Solutions: Negotiates payment plans, offers in compromise, or penalty abatements to reduce debt.
– Compliance Strategies: Ensures future filings prevent recurring issues.

Clients like April S. commend Mike for negotiating affordable payment plans, saying, “Mike has given us peace of mind!” His expertise helps LA businesses resolve tax issues efficiently.

Partnering with Mike Habib, EA, offers Los Angeles small businesses:

– Time Savings: Focus on your business while experts handle bookkeeping and taxes.
– Cost Savings: Avoid penalties and save compared to hiring an in-house accountant.
– Peace of Mind: Know your books are accurate and taxes are compliant.
– Expert Guidance: Benefit from strategic tax planning and IRS representation.
– Scalability: Services grow with your business, from startups to established firms.

A Beverly Hills retailer, for example, can rely on Mike Habib, EA, to clean up books and file back taxes, freeing them to focus on sales.

Costs vary based on your business size, transaction volume, and needs (e.g., catch-up bookkeeping, tax filing). Mike Habib, EA, offers:

– Competitive Pricing: More affordable than in-house staff or penalty costs.
– Transparent Quotes: Clear pricing with no hidden fees.
– Free Consultation: A no-cost assessment to evaluate your needs.

A small LA business with simple needs may pay less than a complex firm with years of unfiled taxes. Call 1-877-788-2937 for a personalized quote.

Getting started is easy:

1. Schedule a Free Consultation: Call 1-877-788-2937 or 562-204-6700.
2. Assessment: The team reviews your unfiled taxes and bookkeeping challenges.
3. Custom Plan: Receive a tailored strategy for bookkeeping, tax filing, or IRS issues.
4. Ongoing Support: Enjoy continuous support to keep your finances on track.

Serving all of Los Angeles, from Culver City to Sherman Oaks, Mike Habib, EA, offers in-person and virtual services to fit your schedule.

Los Angeles clients praise Mike Habib, EA for their professionalism and results:

– Joe and Deborah V.: “Thank you for being so professional and honest and taking care of my brother’s IRS situation. We are so relieved it is over!”
– April S.: “Mike helped negotiate down a large balance and get us on a payment plan that we can afford with no worries!”
– Marshall W.: “Mike was incredibly responsive to my IRS issues… I’d highly recommend reaching out to Mike!”

These reviews reflect the firm’s commitment to resolving complex financial issues for LA businesses.

As a Los Angeles small business owner, unfiled tax returns and messy books can jeopardize your success, but you don’t have to face these challenges alone. Mike Habib, EA, offers expert bookkeeping services in Los Angeles, CA, back tax filing, and IRS representation to restore financial order. With extensive experience, personalized service, and a proven track record, the firm helps freelancers, startups, and retailers across LA stay compliant and thrive. Don’t let tax issues or disorganized books hold you back—contact Mike Habib, EA, at 1-877-788-2937 for a free consultation and take the first step toward financial clarity today.