Are You Looking for Bookkeeping Services in Los Angeles, CA? How the Tax and Accounting Firm of Mike Habib, EA Can Help

Bookkeeping is more than just tracking income and expenses—it’s the foundation of financial health for any business. In Los Angeles, where industries like entertainment, real estate, and technology thrive, accurate bookkeeping ensures you stay compliant with federal and California tax laws, make informed decisions, and avoid costly mistakes. Without proper bookkeeping, you risk:

– IRS Audits and Penalties: Inaccurate records can lead to missed deductions or tax errors, triggering audits or fines.
– Cash Flow Issues: Poor bookkeeping makes it hard to track revenue and expenses, potentially causing financial instability.
– Missed Opportunities: Without clear financial data, you may overlook tax credits, deductions, or growth opportunities.

For example, a Los Angeles restaurant owner might juggle multiple revenue streams (dine-in, delivery apps, catering) and expenses (rent, payroll, supplies). Professional business bookkeeping organizes this chaos, providing real-time insights to optimize profitability. Mike Habib, EA, specializes in helping LA businesses streamline their finances, saving time and reducing stress.

Professional bookkeeping involves managing all aspects of your financial records to ensure accuracy and compliance. Services typically include:

– Transaction Recording: Logging income and expenses, including invoices, payments, and receipts.
– Bank Reconciliation: Ensuring your books match bank statements to catch errors or fraud.
– Financial Reporting: Generating balance sheets, income statements, and cash flow reports.
– Payroll Processing: Managing employee wages, taxes, and benefits.
– Accounts Receivable/Payable: Tracking money owed to and by your business.
– Tax Preparation Support: Organizing records for seamless tax filing.

Mike Habib, EA, offers comprehensive bookkeeping tailored to your business needs, whether you’re a freelancer, a startup, or an established corporation. Their team ensures your books are audit-ready and compliant with IRS and California regulations.

Los Angeles is a unique market with diverse industries and complex tax requirements. A local bookkeeping service like Mike Habib, EA, understands the nuances of doing business in LA, from navigating California’s Franchise Tax Board (FTB) to addressing industry-specific needs (e.g., entertainment, healthcare, or real estate). Benefits of choosing a local firm include:

– Knowledge of Local Regulations: Familiarity with California tax laws and LA-specific business requirements.
– Accessibility: Easy communication with a nearby team for in-person or virtual consultations.
– Community Connection: A local firm is invested in supporting LA businesses and understands the local economy.

Based in Whittier, Los Angeles County, Mike Habib, EA, serves clients across LA, including Hollywood, Santa Monica, Beverly Hills, and beyond, offering personalized service that national firms can’t match.

Mike Habib, EA, is an Enrolled Agent with extensive experience in tax and accounting, having served as a Controller for Xerox Corporation and Director of Finance for AEG in Los Angeles. His firm, based in Whittier, CA, specializes in bookkeeping, tax preparation, and IRS representation for businesses and individuals across all 50 states. Why trust Mike Habib, EA?

– Expertise: As an Enrolled Agent, Mike is licensed by the IRS to represent clients in tax matters, offering deep knowledge of tax codes.
– Proven Track Record: Clients praise his professionalism and ability to resolve complex tax issues, such as negotiating affordable payment plans.
– Client-Centric Approach: The firm prioritizes personalized service, tailoring solutions to each client’s unique needs.

With years of experience and a commitment to excellence, Mike Habib, EA, is a trusted partner for Los Angeles businesses seeking reliable bookkeeping.

Los Angeles is home to a diverse business landscape, and Mike Habib, EA, caters to a wide range of industries and business structures, including:

– Sole Proprietors and Freelancers: Perfect for LA’s gig economy workers, such as actors, writers, or influencers.
– LLCs and Corporations: Support for startups and established businesses needing robust financial management.
– Industry-Specific Needs: Entertainment, real estate, healthcare, restaurants, retail, construction, and technology.
– Nonprofits and Startups: Specialized services for tax-exempt organizations and emerging companies.

Whether you’re a Hollywood production company or a Downtown LA retailer, Mike Habib, EA, customizes bookkeeping solutions to fit your industry and goals.

Many Los Angeles business owners face the challenge of backlogged or disorganized books, especially after busy seasons or during tax audits. Mike Habib, EA, offers 911 urgent accounting services to address delinquent or messy books, including:

– Catch-Up Bookkeeping: Organizing years of neglected records to ensure compliance.
– Error Correction: Identifying and fixing discrepancies in financial data.
– Audit Preparation: Preparing accurate records to resolve IRS or FTB audits.

For example, a small business owner in Pasadena with unfiled tax returns and messy books can rely on Mike Habib, EA, to reconstruct records, file back taxes, and negotiate with the IRS to avoid penalties. Their team moves quickly to resolve urgent financial issues, saving you time and stress.

Outsourcing bookkeeping to Mike Habib, EA, offers significant advantages for Los Angeles businesses:

– Time Savings: Focus on running your business while experts handle financial records.
– Cost Efficiency: Save money compared to hiring an in-house bookkeeper or dealing with tax penalties.
– Accurate Reporting: Real-time financial insights for better decision-making.
– Reduced Fraud Risk: Professional oversight minimizes errors and potential fraud.
– Scalability: Services adapt as your business grows, from startups to established firms.

For instance, a Santa Monica startup can outsource bookkeeping to Mike Habib, EA, to streamline operations and focus on product development, knowing their finances are in expert hands.

Bookkeeping and tax preparation go hand in hand. Mike Habib, EA, seamlessly integrates these services to simplify tax season for Los Angeles businesses. Their approach includes:

– Organized Records: Well-maintained books ensure accurate tax filings and maximize deductions.
– Tax Planning: Proactive strategies to minimize tax liabilities and leverage credits.
– IRS Compliance: Expertise in federal and California tax laws to avoid audits or penalties.

For example, a Beverly Hills real estate agent can benefit from Mike Habib, EA’s bookkeeping services to track commissions and expenses, followed by expert tax preparation to optimize their return. This integrated approach saves time and ensures compliance.

Many Los Angeles businesses rely on accounting software like QuickBooks, Xero, or FreshBooks. Mike Habib, EA, offers expertise in these platforms, including:

– Setup and Training: Configuring QuickBooks for your business and training your team.
– Data Management: Importing transactions, reconciling accounts, and generating reports.
– Troubleshooting: Resolving software issues to ensure accurate financial tracking.

Whether you’re a Glendale retailer using QuickBooks or a Hollywood freelancer on Wave, Mike Habib, EA, ensures your software aligns with your bookkeeping needs, enhancing efficiency and accuracy.

The cost of bookkeeping services varies based on your business size, transaction volume, and specific needs. Mike Habib, EA, offers competitive pricing tailored to Los Angeles businesses, with benefits that outweigh the investment:

– Affordable Rates: More cost-effective than hiring a full-time bookkeeper or facing IRS penalties.
– Transparent Pricing: Clear quotes based on your requirements, with no hidden fees.
– Free Initial Consultation: A no-cost evaluation to assess your bookkeeping needs.

For example, a small LA business with simple bookkeeping needs might pay less than a larger firm with complex transactions. Contact Mike Habib, EA, at 1-877-788-2937 for a personalized quote.

Facing an IRS audit or tax debt can be daunting, especially in Los Angeles’ competitive business environment. As an Enrolled Agent, Mike Habib is licensed to represent clients before the IRS and California’s FTB, EDD, and CDTFA. Services include:

– Audit Representation: Handling IRS audits so you don’t face the auditor directly.
– Tax Debt Resolution: Negotiating payment plans or offers in compromise to reduce tax liabilities.
– Back Taxes: Filing unfiled returns and resolving delinquent tax issues.

Clients like Joe and Deborah V. praise Mike for resolving complex IRS situations, such as negotiating affordable payment plans, providing peace of mind.

In a city with many bookkeeping options, Mike Habib, EA, stands out for:

– Industry Experience: Extensive background in corporate finance (Xerox, AEG) and diverse industries.
– Personalized Service: Customized solutions for each client, unlike one-size-fits-all national firms.
– Comprehensive Expertise: Combining bookkeeping, tax preparation, and IRS representation.
– Client Trust: Stellar reviews for professionalism and results, with a focus on saving clients money.

For instance, while some LA bookkeepers focus solely on data entry, Mike Habib, EA, offers strategic financial insights and tax planning, making them a one-stop shop for your business.

Starting with Mike Habib, EA, is simple:

1. Contact for a Free Consultation: Call 1-877-788-2937 or 562-204-6700 to discuss your needs.
2. Assessment: The team evaluates your bookkeeping, tax, and financial challenges.
3. Customized Plan: Receive a tailored bookkeeping and tax strategy.
4. Ongoing Support: Benefit from continuous support, from setup to monthly reporting.

Whether you’re in Downtown LA or the San Fernando Valley, Mike Habib, EA, offers in-person and virtual services to fit your schedule.

Clients across Los Angeles rave about Mike Habib, EA’s professionalism and results:

– April S.: “Mike has given us peace of mind! He helped negotiate down a large balance and get us on a payment plan that we can afford with no worries!”
– 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!”
– Marshall W.: “Mike was incredibly responsive to my IRS issues… I’d highly recommend reaching out to Mike!”

These testimonials highlight the firm’s ability to deliver results and reduce stress for LA business owners.

In the dynamic, competitive landscape of Los Angeles, CA, reliable bookkeeping is essential for business success. Mike Habib, EA, offers a trusted, local solution with personalized bookkeeping, tax preparation, and IRS representation. From organizing messy books to maximizing tax deductions, their team empowers small businesses, freelancers, and startups to focus on growth while staying compliant. With a proven track record, industry expertise, and a client-centric approach, Mike Habib, EA, is the ideal partner for your bookkeeping needs. Ready to simplify your finances? Contact Mike Habib, EA, today at 1-877-788-2937 for a free consultation and discover how they can help your Los Angeles business thrive.