Torrance CA Tax Preparation Planning CPA Business & Individual Services Launched

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A professional accounting firm has launched a new range of tax planning and tax preparation services aimed at businesses and individuals based in Torrance, CA and the surrounding areas.

Allman & Allman has launched a new range of tax planning, tax preparation, and accounting services aimed at individuals and businesses based in Torrance, CA. The team explains they can help small businesses ensure they are tax compliant and offer bookkeeping services as well as financial planning support.

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The newly launched services are designed to help individuals and businesses maintain their financial records to ensure they are tax compliant and aware of the latest deadlines, limits, and amounts due. The Allman & Allman team adds they are also able to help business owners who have applied for the Paycheck Protection Program (PPP) loan program.

Business owners who have applied for the PPP loan program to support them because of the pandemic and the economic fall-out may be unaware their tax return may be affected. Allman & Allman explains they can assist business owners if they require support to navigate their requirements ahead of filing their tax return.

New business owners can also benefit from speaking to the team as they explain they understand how challenging it can be to start a new venture. The team also states new business owners must pay close attention to their accounting and taxes for two key reasons.

First of all, filing taxes properly or poorly can be the difference between thousands of dollars. Secondly, the team explains that by working with a tax professional people can avoid getting into trouble with the IRS. The team also states that they are available to provide small business support and add the first thing new business owners should do is decide their entity type.

For instance, they talk about how business owners should decide if they want to operate as a sole proprietorship, which means the company is owned by one person and is not legally separate from the individual. Alternatively, they can operate as a partnership or a corporation.

A spokesperson said: “As your business grows, managing your finances can become increasingly difficult. Working with a qualified and professional firm like Allman & Allman ensures you will have the confidence you need when addressing the accounting and tax demands of your business.”

To find out more, interested parties are invited to visit the link provided. Alternatively, more details can be viewed at