Azling & Associates an Accountancy Corporation

Azling & Associates is a CPA and tax practice in Orange County, California, serving entrepreneurs, corporations and individuals for more than 20 years. It lists offices in Anaheim, Costa Mesa, Fullerton, Irvine, Newport Beach, Orange and Santa Ana, and splits its work between business clients and private clients.

Keeping a business compliant

Business owners carry a long list of obligations: payroll rules, insurance requirements, business personal property tax, sales tax and licenses. The firm says it handles these efficiently, and that sound compliance starts with a properly designed chart of accounts and clear bookkeeping procedures. It offers bookkeeping as a part-time alternative to employing someone full time. It also helps companies meet lender compliance requirements.

Choosing the right entity

The practice works with a client and the client's legal counsel to pick a business entity, since that decision shapes accounting and reporting from the start. It explains that every corporation is created as a C corporation and must elect to be taxed as an S corporation, and that the right choice depends mostly on how each method affects the owners.

Accounting that grows with the business

As a company grows it needs more sophisticated reporting. The firm describes moving larger enterprises to full accrual accounting for consistent monthly results, and says controlling cash and understanding the cash flow statement become critical for executives. Growing businesses can also hire it as a part-time controller or interim CFO before they are ready to employ a finance leader.

Individuals, audits and estates

Personal tax work covers complex matters including incentive stock options, self-employment tax, retirement accounts, investment property and personal tax credits, with the aim of claiming every available deduction and credit. The firm says it has represented clients in audits by the IRS, the Franchise Tax Board, the Board of Equalization and the Employment Development Department, and advises a prompt response to any tax agency letter. It also supports estate administrators and trustees, plans estates ahead of time to avoid unwelcome tax consequences, builds financial control systems and works with real estate investors.