Learn More About Our Services


Tax Services

Choice of Business Entity

Entity Selection

At launch, one of the most important decisions is choosing the right structure for your business. 

Our Hesperia CPA helps companies choose their entities at launch. Scott reviews your available structure options and describes how each affects your operations and obligations. With this information in mind, you can choose the type of business that best meets your goals.

Tax Preparation

Preparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the US Government's General Accounting Office, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.

Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's still no substitute for the assistance of an experienced tax professional.

Here's what you get...

  • Your tax return will be checked by our computer software and then physically reviewed by one of our staff members identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.
  • Your tax return can be filed electronically so you will get a refund back quicker.
  • Our staff will show you how to adjust your payroll withholding to get more money back each week. Why give the IRS an interest free loan for up to 16 months.
  • We will show you potential deductions to limit your tax liability for next year. 

Books a Mess? No Problem!
If you own a small business and haven't kept up your bookkeeping, don't worry. We can help you. We'll prepare your bookkeeping for the year, prepare a full Schedule C, as well as your personal income tax return. Then we'll help you set up an easy system that allows you to keep your books in tip-top shape next year.

Bookkeeping

Timely, efficient bookkeeping services are available for businesses of all sizes. Computerized accounts are prepared, saved and presented for client review on a quarterly, monthly, and/or annual basis. Budgeting and forecasting support are also available. We support all major accounting programs including  QuickBooks On-Line and XERO. 

Payroll

Total payroll services for small business clients have been provided for many years. Services include: Set up and maintenance of all records, withholdings of tax and benefit contributions, Federal and State tax filings, issuance of checks and preparation of all W-2's and 1099 forms.

Tax Planning

Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.

We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars, webinars and reading industry journals.

Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.

We recommend Tax Saving Strategies that help you...

  • grow and preserve assets by keeping Uncle Sam out of your pockets.
     
  • defer income so you can keep your money now and pay less taxes later.
     
  • reduce taxes on your income so you keep more of what you make.
     
  • reduce taxes on your retirement distributions so you can retire in style.

 
Here's just a few of the Tax Saving Strategies we use...

  • Splitting income among several family members or legal entities in order to get more of the income taxed in lower brackets.
     
  • Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
     
  • Deferring tax liabilities through certain investment choices such as pension plan contributions and other similar plans.
     
  • Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
     
  • Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.

Remember, we work for you not for the IRS. Many of our clients save many times the fee in reduced tax liability through careful planning and legitimate tax strategies.

Profit Advisory Services/Virtual CFO

 

Profit Advisory Services/Virtual CFO -

Wouldn’t it be nice to know if your net profit is sustainable?  It would also be nice to know how long your money would last before you end up in a cash crunch, or when you’ll be able to buy new equipment.  Did you do enough marketing, should you hire a new employee or let one go, do you have too much inventory on hand?  Maybe you want to sell the business and retire? Will you know what to do to increase it’s value?  The unknown is scary.  We will give you a step by step plan to increase your net profits and maintain a desired level of cash.

Up to now a business owner had to shoot from the hip hoping that there would be enough income to cover the expenses and hopefully put money back into your pocket.  It’s time you worked on your business not just in it.

It’s time you obtained operational performance & profitability.  Get easily digestible financial reports, and business intelligence that includes Key Performance Indicators (KPI), vertical and critical analysis, and peer benchmarking.  These actionable insights allow you to quickly identify areas for operational improvement.  A new way to think about critical areas in your operations, have 100% visibility into your business.   Year over year comparisons of key ratios & KPIs.  This is a very powerful tool that will help you with the speed and accuracy of your reporting while providing better analysis and business intelligence.  You will receive recommendations about future actions to be taken.  You will receive an explanation of your business, as a whole, by looking at several company factors.  Finally, a way to look into your company’s future.

Here’s to your Profits!


Other Services

Business Consultations

When it comes to starting or running a company, the biggest challenge is knowing the right ways to fulfill certain tasks. There are many possible ways to operate your business, but not every method may be right for you. In these cases, a little bit of advice goes a long way.

Scott M. Penn, CPA, PC & Tax Solution Services offers business consulting to Hesperia, Victorville, Apple Valley, and all other nearby areas. Scott, our CPA and founder, helps companies choose the methods of operation that best supports their goals and objectives.

Entity Selection

At launch, one of the most important decisions is choosing the right structure for your business. 

Our Hesperia CPA helps companies choose their entities at launch. Scott reviews your available structure options and describes how each affects your operations and obligations. With this information in mind, you can choose the type of business that best meets your goals.

Bookkeeping, Payroll

Scott M. Penn, CPA, PC & Tax Solution Services also helps new companies set up their bookkeeping and payroll processes. These elements are critical for businesses of any size, yet most new owners and entrepreneurs do not have the time or expertise to set these up on their own. Scott helps them choose the right tools and approaches for these objectives.

Our firm also provides some assistance in setting up employee retirement plans. After discussing your plan options, we find the most appropriate specialist we trust to guide you through the application process.

Business Tax Services

Regardless of the entity you choose, your business’ income will be taxed in some fashion. Our firm provides business tax preparation and tax planning. We help you take the proactive steps that minimize your tax obligation and fill out and file the return; your business gets to save money and stay compliant as a result.

General Questions

In some fields, it is expected that every communication with the service provider is billable. Accounting has built up that reputation as well, but that is not the case at our firm.

Scott M. Penn, CPA, PC & Tax Solution Services encourages our clients to call us for free anytime they have a question. If an answer can be provided over the phone, then we provide it at no cost to the client. We can schedule a billable consultation if extensive work is necessary to provide a solution, but we are always available by phone if a simple call is all it takes.

Contact Us for Management Advice

Scott M. Penn, CPA, PC & Tax Solution Services provides business consultations in Hesperia, Victorville, Apple Valley, and the High Desert. We want to see the businesses in our hometown and in all surrounding areas succeed, so we offer as much guidance on business management as we can. If a large hurdle in launching or running your business is needing the right advice, call us today and schedule your first consultation at (760)-948-2899.

LGBTQ Tax Services

Many issues may arise when preparing same sex couples’ taxes. Here at Scott M. Penn, CPA, PC we service and are experienced in preparing tax returns for registered domestic partners and same sex couples.


Send Us a Message

We would love to hear from you!

760-948-2899 Fax: 760-948-7712 scott@scottmpenncpa.com

Get clarity on your tax and accounting situation

Call 760-948-2899