Premier Tax and Finance Services

Tax Preparation

Preparing and planning for taxes is often a stressful and complicated endeavor for most people.

Preparing your own tax return can be extremely difficult with today’s complex tax code and may often leave you with more questions than answers.

These days, the majority of people and small businesses use a professional tax preparer to assist with the preparation of taxes. Even if you are just filing a simple return, the rules may change from year to year and it is easy to overlook these changes and submit an incorrect return. By doing your taxes yourself, you may also end up overlooking deductions and credits.

At Premier Tax & Finance, we have the expertise that is needed to help you file your returns while also helping you to minimize your tax liability with careful planning.

Our Tax Preparation services include:

  • Individual Tax Preparation

  • Business Tax Return Preparation

  • Gift & Estate Tax Return Preparation

  • Partnership & Corporate Tax Preparation

  • Estate and Succession Planning

  • Out-of-State Returns

  • Business Start-Ups

Tax Planning & Education 
Tax planning is essential to helping you successfully and legally reduce your tax liabilities. In addition to making sure that your business is tax compliant, our tax professionals also can suggest tax saving strategies that will maximize your after-tax income.

We offer tax and education planning to assist start-ups, as well as, established businesses. We will provide you with a complete list of the most commonly overlooked deductions so that you can limit your tax liability for the following year.

We’ll also assist you with tax planning by:

  • helping you to defer income so that you can save money now and pay less taxes in the future

  • lower taxes on your income so that you can keep more of your earnings

  • lower taxes on your estate and gifts so that the beneficiaries can keep more of what you have given

  • lower taxes on investments and retirement distributions so that you can maintain your lifestyle and much more.

If you own a small business or need help with individual taxes, working with a professional tax planning service can help save you more money. Premier Tax & Finance, Inc. offers the expertise that you need to save on your taxes at affordable prices.

Tax Resources
Here are some links to help you learn more about CA taxes:

Tax Representation

Before you call one of the large advertisers claiming to solve your problems for pennies on the dollar, take the time to talk to your trusted, local expert.
Premier Tax & Finance, Inc. in Thousand Oaks, CA is here to help you resolve your tax problems and put an end to the misery that the IRS can put you through. Our tax resolution specialists pride ourselves on being very efficient, affordable, and, of course, extremely discrete.

We can help you with the following IRS tax problems:

  • Wage Garnishment – IRS wage garnishment is the deduction of money from an employee’s monetary compensation resulting from unpaid IRS taxes. Most likely this should not be a surprise as the IRS will only levy one’s wages after repeated letters and warnings about the taxes owed. This is one of the IRS’s most aggressive tax collection mechanisms and should not be taken lightly. The IRS would rather resolve taxes in a different manner but they will levy when they feel the have run out of other options. It is important to understand how garnishments work to ensure you take the appropriate actions to avoid them or stop the IRS from taking your wages.

  • Bank Levy – An IRS levy permits the legal seizure of your property to satisfy a tax debt. It can garnish wages, take money in your bank or other financial account, seize and sell your vehicle(s), real estate and other personal property.

    • If you receive an IRS bill titled Final Notice of Intent to Levy and Notice of Your Right to A Hearing, contact us right away.

    • If you receive an IRS notice of levy against your employee, vendor, customer or other third party, it is important that you comply with the levy.

  • Threatening Letters – The IRS carry out their threats, so ignoring an IRS threatening letter is absolutely the worst thing to do. First, you should check the facts in the letter. If there is anything amiss in their calculations or your liabilities or their assessment, write a polite letter back explaining the error or omission and see if they will remedy the situation. If they have reached the point where they are sending you threatening letters however, you may need to be a little more proactive in resolving the situation before the IRS become proactive themselves. You do not want this to happen. If you allow the IRS to take action before you do it will result in you unnecessarily suffering at their hands. The IRS has considerable powers when it comes to collecting taxes and they are rarely if ever prone to taking the lightweight approach. The IRS sends out threatening letters when they know or think they know that you owe them money; beyond that, they have little interest in you.

  • IRS Audit Notification – Did You Receive an Audit Letter From the IRS? – The first step is not to panic. The IRS uses letters to communicate with taxpayers about IRS audits. As with most IRS communication, there are deadlines associated with IRS audit letters. You will have time to review the items that are being contested and prepare your response. Selecting a return for examination does not always suggest that the taxpayer has either made an error or been dishonest. In fact, some examinations result in a refund to the taxpayer or acceptance of the return without change.

  • Non-Filing – What if you fail to file? – The IRS may file what is known as a substitute return for you. However, as you well know, the IRS will not be looking to save you any money. In fact, a substitute return will not include any of the standard deductions your accountant would typically include in your return. Case in point, a substitute return only allows one exemption: single or married filing separate, so you end up with higher tax liability than if you would have just filed.

  • Liens – A federal tax lien arises when a tax return is filed and the tax isn’t paid after a demand for payment has been made. By law the lien is in favor of the United States and is upon all property and rights to property of the person with the unpaid tax. It gives the IRS the authority to seize any proceeds from sales of real estate owned by a delinquent taxpayer. To protect the government’s right of priority against other parties who are owed money by the same person, the IRS will file a Notice of Federal Tax Lien, which puts other creditors on notice about the IRS’s claim.

  • Offers-in-Compromise – Reduce Your IRS Debt with an Offer-In-Compromise – Qualifying for an offer-in-compromise settlement can save you thousands of dollars in taxes, penalties and interest. An offer-in-compromise is an agreement between a taxpayer and the IRS to settle the taxpayer’s tax liabilities for less than the full amount owed. Absent special circumstances, an offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement.

  • Innocent Spouse – Many married taxpayers choose to file a joint tax return because of certain benefits this filing status allows. Both taxpayers are jointly and individually responsible for the tax and any interest or penalty due on the joint return even if they later divorce. This is true even if a divorce decree states that a former spouse will be responsible for any amounts due on previously filed joint returns. One spouse may be held responsible for all the tax due even if all the income was earned by the other spouse.

In some cases, a spouse will be relieved of the tax, interest, and penalties on a joint tax return. There are three types of relief available:

  • Innocent spouse relief

  • Separation of liability

  • Equitable relief

Financial Reporting

Bookkeeping Services

Success starts when you take charge of your books.

As a business owner, you have to wear a lot of different hats, and some of them fit better than others. Many entrepreneurs find themselves struggling with their bookkeeping responsibilities. They don’t have the time, or the knowledge, or they simply don’t enjoy it. At Premier Tax & Finance, Inc., our bookkeeping services make it possible for you to spend your time where it’s best spent – on your areas of expertise and interest. We have experience in serving a wide range of industries and business models, including food service, health care, real estate and insurance. Whether you run a factory or sell fashion jewelry, we know the services you need and provide it in a way that suits your schedule and budget.

Our process is all about you and your business, so we don’t take a cookie cutter approach. Instead, we start with a conversation, speaking to you one-on-one on to make sure we know which tasks you want us to work on. Some of our clients ask us to assume all of their bookkeeping responsibilities, while others just need help with a few of the more complex and time-consuming tasks. Whichever route you choose, rest assured that outsourcing these services to our professional team will provide you with high quality, meticulous bookkeeping services for far less than the cost of hiring an in-house professional.

At Premier Tax & Finance, Inc., our goal is to help you meet your goals, both short and long term. We know that competent, consistent bookkeeping is the key to a business’ success. Having accurate and professionally-prepared financial documents enhances your understanding of the health of your business and guides your decisions. They can provide creditors and banks with the information that they need to help your business grow. Our services are customized to your specific needs, and can include any or all of the following, and more:

  • 1099 service

  • Accounts receivables and payable

  • Aging and vendor reports

  • Balance sheets

  • Bank and credit card reconciliation

  • Data entry

  • Profit and loss sheets

  • Sales tax service

  • Secure data exchange

 

Payroll Services

Managing payroll may not seem like a critical task until something goes wrong. It can be time-consuming, but, more importantly, it requires a good knowledge of the tax laws and deposit rules.
As a small business, it can be challenging to keep up with all of these tasks. In addition to paychecks, a professional payroll service can help generate the payroll forms that you require, file your payroll tax returns and more in order to help you keep your business running smoothly.

Comprehensive Payroll Solutions

At Premier Tax & Finance, Inc., our payroll services are designed to provide you with a comprehensive solution for managing your payroll duties. With our services, you will only need to provide your employee data, such as the hours that have been worked, employee address information and other related details. Once we receive the data, we’ll handle the rest.

Here are the payroll services that we offer:

  • Checks or Direct Deposit for Your Employees

  • Federal Tax Liabilities

  • State & Local Tax Liabilities

  • Unemployment Tax Liabilities

  • Quarterly Tax Forms

  • Year-End Tax Forms

  • Customized Payroll Reports

  • Tax Deposit Services

  • W-2s and 1099s

Using a payroll service might not seem necessary for managing your payroll, until there is a problem. Correcting issues with payroll can be time-consuming and also requires a thorough understanding of the tax laws and deposit rules.

Using a professional service like our offer can take the headaches out of doing your payroll. Our accountants will also monitor all applicable federal, state and local laws that may affect your tax filings. We’ll stay on top of these updates so that you will never have to worry about being left behind.

Security and Compliance

When you work with us, you will also have the assurance of knowing that your data is secure. Our tax and accounting firm adheres to the data security regulations as required by federal compliance agencies. These regulations ensure that your data is securely maintained and transmitted to the appropriate tax agencies.

Whether you are just starting your business or you would like to switch to a better system for payroll processing, we can provide the business services that you require. We can help simplify the payroll process to help you more effectively manage your small business. Let us assist you with your payroll needs so that you can focus on running your business.

 

Quickbooks Services

Premier Tax & Finance, Inc. has a deep understanding of QuickBooks and how it can improve efficiency and accuracy, and has used it to help countless businesses.
When it comes to accounting software for small and mid-sized businesses, QuickBooks is considered the gold standard. The software enables easy tracking of sales and expenses, can create invoices, generate payroll and generally gives you the ability to do all of the bookkeeping and financial management of your organization from one streamlined application.

More importantly, a QuickBooks system can be put into place for your business quickly and easily in a way that will have an immediate positive impact on your profitability, and we can help you with the implementation.

One of the advantages of QuickBooks is that it can easily be customized to your particular business needs, and we are proud to be a member of the Certified QuickBooks ProAdvisor program. This means that wherever you are located in the United States, we will be able to create and implement a custom QuickBooks design that will be designed specifically for your organization and everything that makes it unique.

QuickBooks will answer all of your business needs, providing you with improved economies and efficiencies, and by taking advantage of the expertise of our team, you will be assured of complete assistance and support from the very first consultation through to the program’s installation and training. We will be with you every step of the way, providing you with support and ongoing maintenance.

QuickBooks has gained the confidence and admiration of businesses around the world, allowing organizations to take charge of their own bookkeeping in a revolutionary and simple way. The program provides valuable tools that save time and money, and our accounting firm is dedicated to helping businesses in around the country with the positive impact that it can make.

The advantage of using QuickBooks Services implemented by our staff at Premier Tax and Finance is that it is designed with your specific business in mind. We take a consultative approach, diving deep into what makes your company unique and how it does its business and then creating the system to work within your operation. We will look at every nuance of your business, from the everyday tasks to the long-term financial objectives and then set up a personalized QuickBooks system that is customized to fit your needs.

You will find that the program not only saves you time, but also improves the quality of your bookkeeping and gives you an enhanced level of security over other systems, and we make sure that you and your staff are fully trained so that you will be able to use the system to the fullest extent of its capabilities.

QuickBooks offers a number of highly valuable features for small and mid-sized companies, including the ability to send out invoices, scan receipts, track sales revenues and organize your expenses in a way that allows you to stay informed easily. It will run your employee payroll system, enable payments in storefront, online and mobile environments and generate real-time financial reports whenever you need them.

Perhaps most importantly, QuickBooks will eliminate the kind of costly mistakes and delays that plague so many businesses, both on a day-to-day basis and when it comes time to prepare your taxes. The program synchronizes tasks across multiple devices and platforms, enabling for greater efficiency, accuracy and accessibility.

We have been providing business accounting services in the Thousand Oaks area for over 10 years, working directly with clients in order to enhance their chances for success. We have a deep understanding of QuickBooks and how it can improve efficiency and accuracy, and have used it to help countless businesses.

In addition to the improvements that QuickBooks can make within your organization, it also makes it possible to transmit important information directly to our team in real time, making it possible to take advantage of our expertise and knowledge that much more quickly and efficiently.

If you would like more information on how our knowledge and experience can help your business grow, save on taxes and build a secure future, contact our office today. We will tell you how QuickBooks services can help you.

We provide:

  • QuickBooks set up that can save you hours of trying to figure out the initial installation for yourself.

  • QuickBooks training that helps you and your employees operate all of the program’s functions and take advantage of all of its benefits.

  • QuickAnswers for your accounting department employees. We are just a phone call or email away, ready to save you time and answer all of your questions in a friendly and supportive manner.

  • QuickTuneup is a service that we provide whenever you need help with problem areas. Whether you are getting ready for tax time, going through a financial review or have encountered some other kind of challenge, our Tuneup will clear up the problem.

  • QuickBook Tips is a collection of shortcuts and hints that will help you make the most of your QuickBooks experience.

 

Small Business Accounting

Are accounting chores preventing you from focusing on your business?
If you are struggling with keeping up with the bookkeeping tasks for your business, you need to hire a professional. If you cannot afford the services of a full-time accountant but would enjoy the expertise that comes along with one, Premier Tax & Finance, Inc. can help.

For start-up businesses, growing businesses and mature corporations, we provide business accounting for your businesses. With timely services and a thorough understanding of the tax laws and regulations, our accounting firm can help you to stay on top of all of the tax deadlines and ensure that your financial systems are in order. Our accountants can handle all bookkeeping and accounting tasks from payroll to preparation of your financial statements.

Here are the small business accounting services that we offer:

  • Monthly Reports and Statements

  • Profit and Loss Statement

  • Trial Balance

  • Balance Sheet

  • General Ledger Report

  • Bank Reconciliation

  • Payroll Reconciliation

A professional accounting service can help take the pressure off you and your staff. You will no longer have to worry about dealing with piles of papers, late payments on bills, missing invoices or frustration over not knowing what your business’s current financial standing is.

Budget Management and Advice

If you want your company to grow, budgeting is extremely important. Premier Tax & Finance, Inc. can help you to more effectively manage your money by creating a budget that will show you where money is being wasted and how you can improve. Our sound financial advice will help you to effectively plan for the future of your business. We’ll help you create a plan for achieving your financial goals for your business.

Accounting Software to Meet Your Needs

When you work with our accountants, there is no need to buy any extra hardware or software. We only work with the latest accounting software, which we own and will incorporate it into your bookkeeping tasks. In addition, we can even manage your files off-site so that you will have a reliable, secure backup of your business’s financial records. We offer access to your files from any location so that you review your financial information whenever you need it.

Quick Turnaround

Premier Tax & Finance, Inc. will help you with all of these tasks for just a fraction of what other services charge. When you work with us, we’ll sit down with you to learn more about your goals for your business and how your business operates so that we can get set up quickly. Thanks to our experience, we are also able to help you identify opportunities for effective tax planning, improved internal controls and other factors that can help to improve the profitability of your business.

Financial Management

Cash Flow Management

Wouldn’t it be nice if running a business was nothing but money coming in? Every business has creditors and expenses, and positive cash flow isn’t always a given. Finding yourself with more cash flowing out of your business than flowing in causes more than stress – it can result in angry creditors and suppliers and the potential for your business to fail.

If you’ve ever found yourself in a position where you’ve had to borrow money in order to make payroll, then you need Premier Tax & Finance’s cash flow management service. With our help, you will have a better understanding of your cash needs and the various sources available to you for meeting them. Maintaining a positive cash flow provides a number of benefits, including positive relationships with your creditors and lenders, and we make that possible by developing both short term and long term cash flow projections to help you to anticipate cash needs from week to week and as long as five years into the future.

Maintaining positive cash flow and preventing shortfall crises is largely a matter of understanding where the money is going and where it has gone in the past, so in addition to preparing projections we’ll look pack and prepare historical statements from which you can learn. In addition to that, we’ll help you with all the pieces that can improve your cash flow, including obtaining reliable and reputable lines of credit, accelerating your cash collection techniques and putting effective policies into place, creating a payment schedule and policy that works for your business, and making the most of your idle cash.

 

Internal Controls

We evaluate your current systems for effectiveness and efficiency.
One of the most overlooked aspects of running a business is the establishment of internal controls and policies to ensure that things are run smoothly and efficiently and that protections of your resources are put in place. Having an experienced and well-trained professional come into your organization to evaluate your operations from an outsider’s perspective is one of the best ways of assessing what has been overlooked and where improvements can be made. Premier Tax & Finance, Inc. will evaluate your current systems for effectiveness and efficiency and provide you with suggestions that will help you become more profitable by eliminating inefficiencies and creating opportunities for enhanced effectiveness.

Premier Tax & Finance, Inc.’s evaluation will include:

  • Dividing and segregating duties among a variety of individuals in order to minimize the risk of mistakes being made or inappropriate actions being taken. Doing this will prevent any single individual from having control over financial transactions.

  • Establishing an approval hierarchy making one person responsible for authorizing transactions, ensuring not only that funds are available but also that they expenses are in keeping with company policy.

  • Establishing a system by which routine reviews of all financial transaction records are conducted. The person assigned responsibility for this reconciliation will be someone different from the person who was responsible for processing the initial transaction.

  • Establish a periodical accounting of all equipment, inventory, cash and other property, making sure that it is consistent with control records and descriptions, physically present, and secure.

  • Establish employee training programs and handbooks that provide complete and thorough job descriptions, detailed information regarding individual duties and responsibilities, and guidance regarding appropriate action to take in the face of malfeasance or inappropriate behaviors that are observed. We will also review staffing and supervision to make sure that all employees are receiving appropriate direction.

  • Make sure that all policies and procedures are documented and available to employees, including information needed to provide appropriate coverage when facing periods of extended absences or job vacancies.

  • Assess operations in order to determine whether they are being conducted properly and whether they remain conducive to the company’s goals.

 

Outsourced CFO Services

There are few companies that would not benefit from the advice and knowledge of an experienced CFO, but hiring a company with that level of expertise is an expensive proposition that goes well beyond the budget of most small and medium-sized businesses. Hiring a professional on a part-time basis offers an excellent alternative. Outsourcing CFO services gives you the ability to get the guidance you need on developing plans that will make your company profitable and provide you with financial management leadership without having to pay a full time salary and benefits. Premier Tax & Finance, Inc. is available to help your business in exactly this way. Based in Thousand Oaks, Premier Tax & Finance, Inc. can help you build a plan for your future, protecting your as-sets while at the same time creating long-term goals designed for success.

Whether you are a small start-up company or a medium-size company seeking guidance, you can have full confidence that Premier Tax & Finance, Inc. will use our high-level skills to advance your company’s financial plan and give you the kind of financial management that you thought you could not afford without hiring a full time CFO.

Working with Premier Tax & Finance, Inc. is an exercise in taking control of your business’ future. We will meet with you to create a plan that starts with the current quarter and looks to build and improve for years to come. Our services will include helping you with budget creation, cash flow management, senior-level financial decision making, creating a tax strategy, and reviewing all of your insurance policies in order to en-sure that you are well-protected. By paying meticulous attention to detail and making sure that you understand what is happening with your accounting process and financial plan at every turn, Premier Tax & Finance, Inc. will makes sure that our role as part-time chief financial officer translates into full time confidence.

Whether you are located in Thousand Oaks or anywhere in the United States, Premier Tax & Finance’s outsourced CFO services will make a real difference for your company, providing you with executive-level financial management skills that will make a real difference for your organization.

Business Services

New Business Formation

Owning and operating your own business is a dream for many aspiring entrepreneurs, but the reality of running a business can quickly squash the initial thrill. Making sure that you are well equipped to manage all aspects of running a business is the key to success, while failure to do so is a recipe for disaster. Our new business formation services will provide you with a strategy that will give you a plan for the future that lays out a long view, providing a methodical approach that protects your dream and avoids the mistakes that many make.

Premier Tax & Finance, Inc. will provide you with an initial business plan that will provide you with an approach to marketing, financial planning and management. We will help you assess your initial capital requirements and sources from which you can get it. We’ll also help you determine how much you will be qualified to borrow for your business. We’ll look at the different types of business structures, evaluating each in terms of your legal exposure, their tax advantages, and how easily you will be able to operate in order to find the one that works best for you. We’ll also help you plan for relocation if necessary.

From a business services perspective, we’ll help you choose an accounting software package that is appropriate for your needs, including your budget and your hardware, and will create a cash flow budget to help you anticipate your needs as you go through your business’ first few years of growth. We’ll help you create a billing system and collection policies and procedures that will facilitate cash flow, and help you create a budget and procedures to help you stick to it. If you plan on operating out of a home office we’ll show you the best way to do so in order to give you the maximum tax advantage.

There are so many documents and applications required to establish a new business, and we’ll help you with all of those too. We’ll provide you with help in the process of applying for all appropriate state and local permits and licenses, as well as your Federal Employer Identification Number. We’ll assess your business’ insurance needs, and when you hire your first employee we’ll take care of setting up your payroll and payroll tax filing, making sure that you comply with all employment laws. If your business is a partnership, we’ll help you create a Partnership Agreement that provides all involved with the appropriate protections and anticipates and heads off potential problems in the future.

 

Entertainment Industry Services

Excerpt from POWER AGENT NEWS – Volume 14 Issue 1

BARRY PETERS: YOUR “PREMIER” MONEY MENTOR

The Motion Picture and Television Industry is definitely a team sport. As actors, writers, directors, producers, casting, managers, and folks on all sides of the camera, we know that to achieve success, each player must play their part-EXCELLENTLY. We search for the finest and most trust worthy in every facet of the industry to ensure our A+ status.

It is no different with our finances. We want to be free to create and do what we do best—and we politely demand this in our Accountants, who become our stars of financial management. We want someone who can not only be savvy about tax preparation and accounting—they have extensive expertise in all facets of business management and growth—and someone who puts the fun back in our financial game, with whom we can build a lasting amicable relationship(cuz, even when the work is hard and our hours are long-it is our passion for what we do that drives us forward)–in short, we are looking for our Academy Award Winner in Accounting and Finance. Is there such an A+ Individual out there?

Enter Barry Peters, founder of Premier Tax & Finance–CPA, E.A.,CGMA(chartered global management accountant), CMA (certified management accountant), and CIA(certified internal auditor); whose resume reads like a Hollywood A Lister. And from taking “Start-ups” to Fortune 500 Status and CFO positions that took companies from 5 mil. to 30 mil in just 2 years; to raising equity financing for four diverse companies, Barry Peters continues to leave his award winning financial mark through his “magical money touch.”

And from Individual and Corporate Tax Preparation, Tax Planning, P&L Manage-ment, Financial Analyses, Internal Controls, Fund Raising, Investor/Bank/Government Relations, Operations/Administrative/Project Management to Policy /Procedure Development, Budget/Forcasting and Contract Negotiations, there is none finer!

“ I have always loved helping people,” shares the very personable Barry Peters. “Financial Security is the #1 stepping stone to piece of mind. I also have a tremendous affinity with creative people and entrepreneurs—being one myself. Having been in Fortune 500 companies, I understand the integral part that team work and clear communications play. I also understand the importance of preserving our clients financial assets, and helping them sensibly grow, while enjoying the excellent lifestyles that they have so very judiciously earned in the Motion Picture and Television Industry. I want to be able to ensure that there is a cash flow that will support them in their “Leaner Years” and retirement.

Our reach is international—at Premier Tax & Finance, we keep ourselves up to date and well versed in national and international tax and business management protocol. Yet, we keep ourselves “boutique,” so that each client gets the individualized attention so pivotal to creating a lasting financial relationship. I am very gratified to have had our firm singled out as the as the Winner of “Best in Thousand Oaks” in the Accounting and Tax Division—our motto is Tax and Accounting Services Done Right, Done for You. Our mascot, my rescue dog, General Beauregard, symbolizes our devotion to our clients and the fact that we “Sniff Out” every legal deduction for our clients.”

You’ve worked so very hard to finally reach the A List in Motion Pictures and Television (or are on the quick climb with a bullet!) Isn’t it time for you to partner with an A+ Individual who can “Play his Part “ in your financial world to keep you in the Fast Lane with no sudden Financial Stops? Contact Premier Tax & Financial (805)880-4202, home of Barry Peters and his Talented Team. You may also give him an email jingle at [email protected] And check out his extremely informative website at www.premiertaxandfinance.com. You will be amazed at his extremely flexible hours(Weekends and week nights too) tailored to fit your Industry schedule! You will soon understand why we named Barry Peters one of LA’S TOP 10 ACCOUNTANTS. You, too, will want to make:

BARRY PETERS:YOUR “PREMIER” MONEY MENTOR

Planning Services

Tax Planning

Tax Planning & Education 
Tax planning is essential to helping you successfully and legally reduce your tax liabilities. In addition to making sure that your business is tax compliant, our tax professionals also can suggest tax saving strategies that will maximize your after-tax income.

We offer tax and education planning to assist start-ups, as well as, established businesses. We will provide you with a complete list of the most commonly overlooked deductions so that you can limit your tax liability for the following year.

We’ll also assist you with tax planning by:

  • helping you to defer income so that you can save money now and pay less taxes in the future

  • lower taxes on your income so that you can keep more of your earnings

  • lower taxes on your estate and gifts so that the beneficiaries can keep more of what you have given

  • lower taxes on investments and retirement distributions so that you can maintain your lifestyle and much more.

If you own a small business or need help with individual taxes, working with a professional tax planning service can help save you more money. Premier Tax & Finance, Inc. offers the expertise that you need to save on your taxes at affordable prices.

 

Strategic Business Planning

Whether you are contemplating embarking on a new business venture, expanding a current organization or product line, purchasing a new business or reinvigorating a business that is in decline, it is essential that you have a Strategic Business Plan. Far more than a tool that can be used to get financing, a Strategic Business Plan provides a platform through which you can communicate plans that up until now have been nothing but loosely formulated ideas. Having a Strategic Business Plan that is thorough, accurate and well-articulated allows you to ensure that all of your business partners and thought leaders have a clear sense of where you want your company to go, and keeps everybody on the same page and focused on the same vision.

A Strategic Business Plan provides a snapshot of your company and where it is going. It spells out what your company is, what product or service it provides, what the competitive environment consists of and how you plan to thrive. It identifies the company’s management team, outlines the known risks and details the company’s financial health. With this information at hand you are able to:

  • Define your target customer and identify the ways in which your product or service will fulfill their needs.

  • Provide documentation of the research you’ve done into the need for your service or product, thus creating a justification for your plans.

  • Create a strategic marketing plan with detailed descriptions of your planned campaigns, promotions and timelines. You will also be able to utilize the competitive environment information to assess what the sales potential is, analyze the market conditions and how best to target your demographic, and to establish predictions and goals for your efforts.

  • Draw up a staffing plan that includes details regarding the level of expertise needed to support the organization, as well as the number of employees needed and what their skill set needs to be.

  • Create a management plan complete with descriptions of individual’s responsibilities and timelines.

  • Project start-up costs, operating costs, projected revenue and profits for an extended period of time, and other financial planning information.

  • Create a list of your business’ needs, from building and equipment to vendors and supplies.

A Strategic Business Plan is one of the most important and effective tools you can provide yourself for projecting your business’ financial needs. It will provide you with a clear perspective of what is needed to ensure your business’ success, as well as providing lending institutions and investors with the information that they need to make prudent decisions.

 

Business Consulting

Premier Tax & Finance, Inc. helps you operate a more efficient and compliant small business.

We consider our role as an experienced and trusted advisor on issues of critical importance to your business: new start-ups, finance, operations and profit planning. Our advisors can help you by delivering services that keep your business on the right track in an increasingly complex and rapidly changing environment.

If you want an objective opinion based on years of helping businesses similar to yours, you’ve come to the right place. Relying on our experience in strategic planning, feasibility studies, information systems evaluation, outsourcing opportunity evaluations, estate planning, and mergers and acquisitions could be your best step toward greater success.

We can help you make logical decisions and avoid pitfalls that your business can do without. When you retain our services, you can rest-assured that your business is in good hands.

 

Business Valuation

There are a number of reasons and circumstances that require an accurate assessment of how much your business is worth. Business valuation comes into play when taking on new shareholders or attempting to negotiate a liability question. Merger discussions, estate planning, marital dissolution and shareholder equity are all common situations in which under or overvaluing your business can make a world of difference, and that’s why it is important to use an experienced business valuation service like Premier Tax & Finance, Inc.. We have extensive experience in assessing the values of a wide range of organizations, and we use our knowledge to gather all of the relevant information from both the current day operations of your business and your historical financial data. Premier Tax & Finance, Inc. are professionals who will take the time to do an objective, in-depth analysis, making sure that we have a full understanding of your business and then documenting our findings in a way that makes our assessment and valuation opinion easy to understand and fully defensible.

Premier Tax & Finance has experience in preparing business valuations for a variety of purposes, including:

  • Management buyouts

  • Leveraged buyout transactions

  • Purchase or sale of closely held businesses or business interests

  • For bank financing applications

  • Restructuring and recapitalization

  • Analysis and advice regarding pending purchase offers

  • Determining the value of employee stock ownership plans (ESOPs)

  • Medical practice buy-ins

  • Court-appointed dispute resolution

  • Valuation of subsidiaries, joint ventures and divisions for spin-offs or sales to shareholders

  • Disputes and litigation involving minority shareholders

  • Equitable distribution in divorce

  • Bankruptcy

  • Assessing and determining business damage

  • Fraudulent conveyance and solvency analysis

  • Mediation

  • Litigation consulting services

  • Binding arbitration

  • Disputes with the Internal Revenue Service/Reasonable officer compensation determination

 

Blog

Small Business Accounting

Small Business Accounting

Are accounting chores preventing you from focusing on your business?
If you are struggling with keeping up with the bookkeeping tasks for your business, you need to hire a professional. If you cannot afford the services of a full-time accountant but would enjoy the expertise that comes along with one, Premier Tax & Finance, Inc. can help.

New Business Formation

New Business Formation

Owning and operating your own business is a dream for many aspiring entrepreneurs, but the reality of running a business can quickly squash the initial thrill.
Our new business formation services will provide you with a strategy that will give you a plan for the future that lays out a long view, providing a methodical approach that protects your dream and avoids the mistakes that many make.

Business Valuation

We have extensive experience in assessing the values of a wide range of organizations, and we use our knowledge to gather all of the relevant information from both the current day operations of your business and your historical financial data.

Cash Flow Management

Wouldn’t it be nice if running a CA business was nothing but money coming in? Every business has creditors and expenses, and positive cash flow isn’t always a given. If you’ve ever found yourself in a position where you’ve had to borrow money in order to make payroll, then you need our cash flow management service.

Entertainment Industry Services

Entertainment Industry Services

Financial Security is the #1 stepping stone to peace of mind. Barry has a tremendous affinity with creative people and entrepreneurs—being one himself. Having been in Fortune 500 companies, he understands the integral part that team work and clear communications play. Barry also understands the importance of preserving our clients financial assets, and helping them sensibly grow, while enjoying the excellent lifestyles that they have so very judiciously earned in the Motion Picture and Television Industry. Barry wants to be able to ensure that there is a cash flow that will support them in their “Leaner Years” and retirement.

Quick Books Services

Quick Books Services

When it comes to accounting software for small and mid-sized businesses, QuickBooks is considered the gold standard. The software enables easy tracking of sales and expenses, can create invoices, generate payroll and generally gives you the ability to do all of the bookkeeping and financial management of your organization from one streamlined application. Premier Tax & Finance, Inc. has a deep understanding of QuickBooks and how it can improve efficiency and accuracy, and has used it to help countless businesses.

Strategic Business Planning

Strategic Business Planning

When embarking on a new business venture, expanding a current organization or product line, purchasing a new business or reinvigorating a business that is in decline, having a Strategic Business Plan that is thorough, accurate and well-articulated allows you to ensure that all of your business partners and thought leaders have a clear sense of where you want your company to go, and keeps everybody on the same page and focused on the same vision.

Outsourced CFO Services

There are few companies that would not benefit from the advice and knowledge of an experienced CFO. Premier Tax & Finance, Inc. can help you build a plan for your future, protecting your assets while at the same time creating long-term goals designed for success.

Internal Controls

Premier Tax & Finance, Inc. will evaluate your current systems for effectiveness and efficiency and provide you with suggestions that will help you become more profitable by eliminating inefficiencies and creating opportunities for enhanced effectiveness.

IRS Tax Representation

Received a concerning letter from the IRS and not sure what steps to take or who to turn to?

Premier Tax & Finance, Inc. in Thousand Oaks, CA is here to help you resolve your tax problems and put an end to the misery that the IRS can put you through. Our tax resolution specialists pride ourselves on being very efficient, affordable, and, of course, extremely discrete.

Tax Preparation & Planning

Tax Preparation & Planning

Preparing and planning for taxes is often a stressful and complicated endeavor for most people. Preparing your own tax return can be extremely difficult with today's complex tax code and may often leave you with more questions than answers. These days, the majority of...

IRS Tax Representation

IRS Tax Representation

Before you call one of the large advertisers claiming to solve your problems for pennies on the dollar, take the time to talk to your trusted, local expert. Premier Tax & Finance, Inc. in Thousand Oaks, CA is here to help you resolve your tax problems and put an...