Dedicated protector and defendant of your hard-earned profits.

You work really hard for your money. We work really hard on your behalf to make sure it stays in your pocket.

NEWS

News

IRS Encourages You To Take Action To File Tax Returns Timely and Accurately

The Internal Revenue Service encourages taxpayers to take necessary actions to help file federal tax returns timely and accurately in 2021.

Are Your Unemployment Benefits Taxable?

Over 36 million people filed for unemployment this year in the wake of the Covid-19 pandemic. All unemployment benefits are considered taxable income.

Paycheck Protection Program (PPP) December 2020 Updates

As of December 2020, the U.S. Small Business Administration continues to process loan forgiveness applications. If you have not already applied, you are urged to do so as soon as possible.

Your Safety Is Our Concern

Prior to the Covid-19 pandemic, Exact Tax, Inc. was working with our clients on completing their tax returns before the April 15th deadline. Tax season started on January 27th and with approximately 3 weeks away from the deadline, things suddenly changed.

One Year After Wayfair

One year after the landmark decision in the South Dakota v Wayfair case, nonprofits are struggling to understand where obligations lie and the timeline to address them.

$2 Trillion Economic Stimulus Package

Federal lawmakers enacted a $2 trillion economic stimulus package on March 27 that will sent most Americans checks of up to $1,200, as a way to put money directly in the pockets of families struggling to manage the economic fallout of the coronavirus pandemic.

Risks Related to the Sales Tax Collection on Sellers in Different States

The Supreme Court’s June 21, 2018 decision in South Dakota v. Wayfair, Inc. to impose sales tax collection obligations on sellers without a physical presence in the state is causing uneasiness to business owners. This law is set to go into effect on April 1, 2019.

The IRS Is Changing Paycheck Withholdings and It’s Going To Be A Headache!

The new W-4 form incorporates the changes introduced by the new tax law. What does this mean for you and me? The amount held back for taxes in each of our paychecks will be more accurate.

Prevent Hacks and Secure Your Data

The Information Technology environment is continuously evolving through integration of daily personal and business activities. Whether you are a one- person business, a retiree, or an Executive in charge of hundreds if not thousands of Information Technology (IT) resources, responsibility for securing your data and IT environment should be a top priority.

Avoid Tax Surprises

Taxpayers who usually itemize deductions are being encouraged by the IRS to check their withholding to avoid tax surprises.

SERVICES

Accounting Services

You’ve worked hard to build your business and we can certainly relate. Keeping accurate financial reports are important to tracking your progress and identify areas for improvement. At Exact Tax,we offer financial statement preparation, reviews and reconciliation. Our qualified staff assist clients with general ledger review, monthly, quarterly and annual financial reporting statements.
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Individual & Tax Preparations

The importance of having a professional handle your tax planning and preparation cannot be overstated. The federal tax codes change every year, and are thousands of pages long. (This translates to between 2,600 and 70,000-plus pages, depending on which source you believe. And according to an IRS publication, “The Complexity of the Tax Code,” there are 3.7 million words in the current code, with changes implemented daily.)
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BOOKKEEPING

Exact Tax has been a full service bookkeeper and business consulting firm servicing San Gabriel and the surrounding area since 2007. We have built an excellent reputation and gained many loyal clients by going the extra mile to help individuals and businesses keep their books and accounts in order.
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NEW COMPANY REGISTRATION

Thinking of starting your own business? Getting off to a great start requires extensive planning and preparation, and following some very specific steps for setup.
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COST SEGREGATION

Cost segregation studies have become an increasingly valuable but not commonly understood tax strategy for taxpayers who own, are constructing, renovating or acquiring real estate.
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Sales Tax Preparation

If you have to file sales tax returns, please consult us. This is an area that can really cause headaches. Mistakes or insufficient records can lead to red flags, accusations of under-reporting, aggressive demands for excessive payment, or worse.
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PAYROLL

Your business’s employees are your most important resource, and you cannot afford payroll errors. Exact Tax payroll specialists handle large and small business accounts accurately and expediently to keep your business in compliance.
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