Elite Accounting, Tax & Financial Services

Tax and accounting for Orange County clients

A CPA firm with its office in Irvine, California, in Orange County, Elite Accounting, Tax & Financial Services handles accounting, tax, audit and financial advisory work. Its clients range from households to corporations, drawn from many parts of the US. Its stated mission is to understand each client's needs, deliver professional service and build lasting relationships on integrity and honesty.

Tax preparation and planning

The firm prepares returns and plans ahead for both individuals and companies. Its articles cover tax planning strategies such as Roth conversions, along with changes to federal beneficial ownership reporting for US companies and the due dates that apply to businesses and self-employed people each month. The firm presents planning as a way to find a clear path through the options available to a taxpayer.

Small business accounting

Routine accounting for small businesses is presented as a way to free an owner's time for growth. The firm says every minute spent on bookkeeping is a minute not spent on the business itself, and it offers to handle the accounting so the owner can focus on the work they enjoy. Its guidance for owners includes practical QuickBooks tasks, such as a year-end checklist for the final quarter.

Audit and financial advising

Audit and assurance services are offered to clients who need them. Alongside these, the firm gives financial advice on growing a business and on choosing between the options in front of it. Its approach is to get to know each client's situation before recommending a course of action.

Guidance on recent tax changes

Recent guidance on the firm's site covers how the end of most COVID-era tax benefits may leave refunds smaller, how employee stock options are taxed, changes to the home energy improvement credit, and the pension-linked emergency savings accounts known as PLESA that some employers now offer. The site also includes tools for checking a state refund and a federal amended return refund.