FREQUENTLY ASKED QUESTIONS

(FAQ)

I haven’t filed my tax returns for more than one year. What should I do?

It’s best to get current, one year at a time. The tax agencies, IRS and State Franchise Tax Board want to see that you’re not evading taxes and are in the process of following the tax laws.

What if I owe taxes and can’t afford to pay?

This is more common than you might imagine. For this very reason, both the IRS and State have installment plans to make monthly payments–even up to 6 years. In more extreme cases, there is an opportunity to file for an “offer in compromise” and request a greatly reduced modification to the amount of tax owed.

How experienced is your team?

Our “team” is solely overseen with a seasoned professional accountant, Gary Alan, who is passionate about accounting and helping clients succeed. Gary brings over 15 years of experience and expertise, and a welcoming attitude to every client relationship.

What types of accounting services do you provide at Gary Alan Accountant?

We offer a wide range of services—everything from bookkeeping and payroll to business consulting, tax preparation, and financial planning. Whether you’re an individual or a business, our friendly team is ready to make your finances simple and stress-free!

Are you accepting new clients in Los Angeles and surrounding areas?

Absolutely! We love welcoming new clients from LA and beyond. No matter where you are in your financial journey, we’re here to support you with open arms.

I have an S corporation and have heard that I must pay myself a salary. Is this true and do I need to be concerned?

Absolutely! I have experienced this issue with several clients who have had others recommend and set up an S corporation for them. They were not informed what an S corporation entails. One can lose all of their tax benefits if they do not pay themselves a “reasonable salary,” as required by the IRS (incidentally, “reasonable salary” is not defined by the IRS). Also, one must keep separate bank accounts for a corporation and not “commingle” personal and business funds.

What makes your accounting firm different from others in Los Angeles?

We pride ourselves on our friendly, approachable style and highly personalized service. At Gary Alan Accountant, you’ll always feel like part of the family!