Quality - Knowledge - Confidence - Trust
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Our firm has the resources, experience, and depth of knowledge to offer the following services to both individuals and businesses. Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond comparison.
We can deliver the services you need in a professional, fast, and cost-efficient manner. Below we have listed the services that we offer to our clients along with a brief description.
As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed. If it is not a service we provide, we would be more than happy to refer you to a qualified professional.
We perform all income tax preparation and services in our local office.
* Click on the links to explore the services available.
Accounting Services
We offer the full range of accounting services to help keep your business running smoothly. Accounting services include assisting our clients in setting up and maintaining their books and preparing financial statements.
The financial statements provide our clients the basis for making well-informed management and financial decisions. Smaller, privately held companies often request compilation. While not an audit, a compilation may be sufficient to meet the client's needs. In a compilation, we present in the form of financial statements information that is the representation of management, without expressing an opinion on the statements.
Tax Services & Multi-State Filings
Our firm prepares all federal, state and local tax returns for individuals and businesses at competitive, affordable rates. Tax compliance involves preparing the government filings necessary for you to comply with federal, state, and local tax laws.
At Elite CPA Corp. our experienced tax team is ready to assist you in all your tax compliance obligations. We have the knowledge, creativity, and analytical ability necessary to help guide you through the maze of tax laws.
We provide one-on-one pro-active tax counsel to meet your unique personal and business needs. We will work with you year-round if necessary in order to minimize your total tax burden.
Our professionals participate in comprehensive professional development programs including attendance at seminars sponsored by respected professional organizations. These programs keep us apprised of the latest tax laws and well prepared to complete tax compliance assignments in an effective and efficient manner.
As tax professionals, we advise clients on the tax consequences of financial decisions and business transactions and assist them in identifying and creating tax savings opportunities. We monitor the changes in tax laws and assist our clients in the compliance of them.
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Tax Planning
It is our job to see that you pay no more taxes than the law requires. Through careful planning, it is likely that your tax liability can be significantly reduced.
Effective tax planning requires a disciplined year-round process of evaluating your changing tax situation and available tax planning alternatives. We stand ready to assist you in this planning process. Tax planning and preparation form a winning combination for our successful individual and business clients.
Whether you are an individual, corporation, or a multi-tiered partnership, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation.
We believe our clients should be made aware of the options available to them in order to determine which methods are the most appropriate for their circumstances.
Late Tax Filings
We can prepare your tax return up to 15 years past due if necessary. Our office keeps Income tax forms, so handling a return that is a few years past due is not a problem.
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Bookkeeping/Write-Up
We realize that most small businesses can not afford a full-time accountant but still need the expertise at times. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.
Our bookkeeping services include Monthly Operating Statements, Bank Reconciliations, Payroll, Audit Trails, Balance Sheet, Financial Graphs and Budgets.
Our firm provides full-charge bookkeeping services, including general journal and subsidiary ledger maintenance, bank statement reconciliation (We can reconcile your bank balance every month and advise you of any bank charges, bank errors, or arithmetic mistakes on your part so you know exactly how much cash is available for spending), and receivables and payables tracking and analysis.
General Ledger & Financial Statements
Do you require compiled financial statements? Our firm prepares professional, GAAP-compliant [based upon client information provided and used primarily for internal use] financial statements as well as tailor-made financial analyses that can help business owners and managers eliminate inefficiency and realize a business full profit potential. Our firm will also prepare custom financial reports for internal, managerial use.
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Compilation Services
We provide compilation services to businesses of all sizes. We can quickly compile your financial records into meaningful GAAP-compliant financial statements.
Business Valuations
Our firm provides cost-effective business valuation services, quickly and efficiently.
Estate, Gift and Trust Tax Return Preparation
Our firm prepares federal and state estate, gift, and trust tax returns.
Consulting Services
We value our client relationships and we strive to satisfy our clients accounting services.
Our most important goal is to assist you and your company in increasing after-tax profitability and improve business operations. The close working relationship we share with our clients gives us a better understanding of their overall financial goals. Our firm offers a wide range of consulting services to help you improve business operations, and boost efficiency.
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Payroll Services
Are you currently using the service of a national payroll bureau service? You may be paying too much. We provide comparable services at an affordable price. Our firm offers complete payroll preparation and payroll tax reporting services. We prepare all federal and state payroll returns.
Sales and Use Tax Services
Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner. We prepare all sales/use tax filings and business license tax preparation.
Divorce and Family Taxation
We have experience in evaluating the tax consequences of both getting married and, unfortunately, the tax aspects of terminating a marriage. For many people, emotions are more important than finance. Later on, you realize what a mistake it was not to spend a little time doing some tax and financial planning.
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Forensic/Investigative Accounting
Shahram Jahanian, CPA, Cr.FA, EA is a Certified Forensic Accountant (Cr.FA) and he offer tailor-made forensic accounting services as well as expert testimony. We use our blend of education and experience to apply accounting, auditing, and investigative skills to uncover truth, form legal opinions, and assist in investigations.
If you are going through marital dispute and dissolutions or partnership dissolutions, we will work with your attorneys to uncover malfeasance and financial irregularities, and achieve the highest amount of settlement on your case. Working on behalf of you and your attorney, we will perform analysis and valuation of businesses in business disputes and divorce matters.
Litigation Support
As a CPA & Certified Forensic Accountant (Cr.FA), Shahram Jahanian, can provide a full range of assistance for you and your legal counsel. We provide assistance on a given case, primarily related to the calculation or estimation of economic damages and related issues. We provide expert, objective analysis and assistance to clients involved in commercial and civil litigation.
Litigation support involves the quantification of economic damages pursuant to existing or pending litigation using accounting and auditing techniques. We will compile information efficiently to assist in the calculation and documentation of any potential economic loss or damages.
For legal professionals, our goal is to identify the relevant financial issues, to gather evidence and to present it in a clear and concise manner, and to help developing effective case-winning strategies.
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Expert Witness Services
Pending or existing litigation can result in the need for a qualified professional to present his/her opinion to support or oppose evidence submitted to the court. Our level of competence allows us the opportunity to function as expert witnesses in such cases. Our firm offers expert witness testimony in the areas of business valuation, accounting malpractice and other matters requiring forensic accounting expertise.
Business Formation/Filing/Liquidation
Choose between Sole Proprietorship, Corporation, Limited Liability Company (LLC) or Partnership. We can help you decide what form of business is best for you and evaluate the pros and cons of each entity type to help you determine the most advantageous form of business for your company. We can show you how to minimize income taxes by choosing the form of business that best fits your situation.
Many important decisions and financial commitments are involved in starting a new business or selling an old one. The tax effects can be dramatic without careful consideration and thoughtful planning.
Buying & Selling a Business
If you are buying a business, you cannot merely base your decision on the representations made by the seller. You need to consult an accounting professional with exceptional experience to analyze and interpret information provided by the seller. In this area we often examine seller’s financial reports, tax returns, make inquiries and compare the seller’s data against, industry trends and ratios.
If you are selling a business, or merely separating from your partners, we can perform business valuation to obtain the best possible price for your business.
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