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    About Jarrar & Associates

    Jarrar & Associates is a leading Certified Public Accountant and business consulting firm renowned for its expertise in the public accounting profession. Serving individuals and businesses across California and beyond, we offer personalized accounting, taxation, and small business consulting services.

    We understand that accurate and timely accounting is crucial for effective business management. Many small and growing companies struggle with weak accounting practices, which can impede their success. Our firm provides affordable, comprehensive services to help businesses manage their finances, including financial forecasting, project management, and company financing. We also handle all tax filing and planning needs.

    Mission Statement

    Our mission is to deliver top-quality accounting, tax, and consulting services by valuing our clients, continually enhancing our expertise, and maintaining the highest standards of competence, integrity, efficiency, and fairness. We aim to be a trusted business partner, offering not just bookkeeping, but insights and strategies essential for business success.

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    Who We Serve

    We serve businesses of all sizes and scales and individuals in need of all-inclusive tax and accounting services.

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    Our CPA Services

    As a small business owner, partnering with a Jarrar & Associates CPA can streamline operations, boost profitability, and help you set and achieve strategic goals. CPAs undergo rigorous training and adhere to strict licensing standards, offering unmatched expertise in financial planning, business valuation, and growth strategies.

    Client Industries

    Our clients span various sectors, including healthcare, entertainment, technology, manufacturing, startups, and individual entrepreneurs.

    Bookkeeping Services

    1. Accounts payable: Vendor invoice tracking and payment
    2. Accounts receivable: Customer invoice billing and collection
    3. Payroll processing: Direct deposits, tax filing, tax deposits, and reconciliation
    4. Reconciliation of bank/credit card statements

    Accounting Review and Support Services

    • Support for in-house bookkeepers, including account coding review and reclassification
    • Tracking fixed and intangible assets, and preparing depreciation/amortization schedules
    • Reconciling accounts with audit schedules and General Ledger

    Financial Reports

    • Profit & Loss Statement (Income Statement)
    • Balance Sheet Statement
    • Cash Flow Statement

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    If you have a question for us regarding tax solutions for your personal or organizational requirements, we will be happy to answer. Click on the button below to get in touch with us.

    Get In Touch

    We offer a comprehensive range of accounting services in Los Angeles, CA, tailored to meet the needs of businesses of all sizes. Our services include:

    • Bookkeeping and financial statement preparation
    • Tax planning and preparation
    • Payroll processing
    • Accounts payable and receivable management
    • Budgeting and financial forecasting
    • Audit and assurance services
    • Financial consulting and advisory

     

    Choosing the right accounting solution depends on several factors, including the size of your business, the complexity of your financial transactions, and your specific needs. 

    • Assess your current accounting processes and identify any pain points.
    • Determine the features you need, such as payroll, tax preparation, and financial reporting.
    • Evaluate the scalability of the solution to ensure it can grow with your business.
    • Seek recommendations and read reviews from other businesses in your industry.
    • Consult with our accounting professionals to get personalized advice. You can also use our accounting solutions.

    It’s essential to keep your accounting records up-to-date to ensure accurate financial reporting and decision-making. We recommend updating your records:

    • Daily or weekly for transactions such as sales, expenses, and bank reconciliations.
    • Monthly for financial statements and management reports.
    • Quarterly for tax planning and analysis.
    • Annually for comprehensive financial reviews and tax filing.

    Regular updates help you maintain a clear picture of your financial health and comply with regulatory requirements.

    Yes, most modern accounting software solutions offer integration capabilities with other business tools and systems. These integrations can streamline your operations and improve efficiency by:

    • Connecting with your CRM for seamless customer and sales data management.
    • Integrating with your payroll system to automate salary calculations and payments.
    • Syncing with your inventory management system to track stock levels and costs.
    • Linking with your e-commerce platform for real-time sales and expense tracking.
    • Coordinating with your banking system for automatic bank reconciliations.

    Before choosing a tax and accounting solution, check its integration options and ensure it can connect with the tools you already use or plan to use in the future.

    About Tax

    The U.S. Federal Income Tax is levied by the Internal Revenue Service (IRS) on annual earnings of individuals, corporations, trusts, and other legal entities. Federal Income Taxes apply to to all forms of earnings that make up a taxpayer’s taxable income, including wages, salaries, commissions, bonuses, tips, investment income, and certain types of unearned income. Our accountants can assist in building up an effective accounting system to accurately and conveniently assess profitability, monitor prices and expenses, control budgets, and forecast future speculation trends.

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    Need assistance with your accounting and tax needs? Leave your name, email ID, and query, and we will get back to you with personalized solutions for your unique situation.

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