Sunday, November 13, 2011

Los Angeles Tax Consulting and Management

Serving the greater Los Angeles community, Duban Sattler and Associates, LLP, offers comprehensive tax consulting and management services, as well as retirement and estate planning. The firm is led by Managing Partner Dennis Duban, who, as a licensed CPA, has over three decades of experience in the financial industry.

One particular issue affecting corporate clients in California is an increasingly complex tax structure. As state and local governments fall short of funding goals, they look towards corporate revenues as ways of garnering funds. Regulations of concern involve franchise, income, payroll, property, and sales taxes, as well as city business taxes, which often put business owners at a distinct disadvantage, as they are based on gross revenues instead of on net income. A company can be underwater financially and still owe substantial city business tax penalties.

Another corporate concern is new State Board of Equalization enforcement protocol, which targets foreign account reporting and use taxes on out-of-state purchases. Increased regulatory oversight not only increases business tax burdens, but also adds significant expenses in complying with complex tax reporting requirements. Given the state’s political environment, a number of firms are considering moves to states with more business-friendly tax structures. His company provides due diligence prior to such moves, and is often retained by firms after their transition is complete.

Despite significant tax hurdles, Southern California remains a dynamic corporate environment, attracting many of the nation’s best and brightest professionals. A key challenge faced by businesses involves engineering expansion within a challenging capital-lending environment. Duban Sattler and Associates, LLP, focuses on fundamentals, establishing close communication with banks and other institutions, providing a wealth of accounting detail on behalf of clients seeking corporate loans. Dennis Duban and his team assist financial institutions in compiling documents that meet the stringent expectations of auditors and boards of directors.

Duban Sattler and Associates, LLP, is located in Los Angeles, at the Dennis L. Duban Building, 4250 Wilshire Boulevard. Information on the firm’s accountancy, tax preparation, and other financial services is accessible at DubanSattlerCPAs.com.

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