FAQ'S

Westcostaccounting LLC is an accounting firm that offers a range of accounting and tax services to individuals, businesses and non-profit organizations. Some of the services we provide are:

 We can help you record and organize your financial transactions, prepare financial statements, reconcile bank accounts and manage your cash flow.

We can assist you with choosing the right business entity, registering your business name, obtaining tax identification numbers, filing articles of incorporation or organization, and setting up your accounting system.

We can review your existing books and correct any errors, discrepancies or omissions, ensuring that your financial records are accurate and compliant with accounting standards and tax laws.

We can teach you how to use accounting software such as QuickBooks to manage your finances, create invoices, track expenses, generate reports and more. We can also provide ongoing support and guidance as needed.

We can help you draft the rules and regulations that govern your non-profit organization, such as its purpose, mission, board structure, membership criteria, voting procedures and dissolution clauses.

We can help you apply for tax-exempt status from the IRS and state authorities, ensuring that you meet the eligibility requirements and submit the necessary documentation.

We can handle your payroll processing, tax withholding, reporting and filing, as well as provide you with paystubs, W-2s and 1099s for your employees and contractors.

We can help you minimize your tax liability and maximize your tax savings by advising you on the best tax strategies for your situation, such as deductions, credits, deferrals, income splitting and more.

In addition to these services, we also provide educational services to accounting students who want to learn more about real-world accounting questions. We can answer your questions and explain the concepts and principles behind accounting practices, such as double-entry bookkeeping, accrual vs. cash basis accounting, depreciation methods, inventory valuation methods, revenue recognition rules and more

If you have any questions about our services or want to schedule a consultation with one of our accountants, please contact us at 480-232-5314 or westcostacct@gmail.com. We look forward to hearing from you and serving your accounting needs.